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Sterling reversed from pivotal support level 1.2550 Likely to rise to resistance level 1.2700 Sterling recently reversed up from the pivotal support level 1.2550, which has been reversing the pair from the start of December, as can be seen below. The support level 1.2550 was strengthened by the lower daily Bollinger Band and by the […]

The post GBPUSD Wave Analysis appeared first on Action Forex.

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11/03/2024

Gold Wave Analysis

Gold broke key resistance level 2150.00  Likely to rise to resistance level 2200.00 Gold continues to rise strongly after breaking the key resistance level 2150.00 (which stopped wave A of the active ABC correction at the start of last December, as can be seen below). The breakout of the resistance level 2150.00 accelerated the active […]
29/11/2023

NZDUSD Surges to Fresh Almost 4-month Peak

NZDUSD posts aggressive bullish rally Price penetrates 200-day SMA to the upside Technical signals are strongly bullish NZDUSD skyrocketed to a fresh almost four-month high above the 0.6200 round number earlier today. The strong rebound off the 0.5770 barrier took the market well above the short-term simple moving averages (SMAs) and more importantly above the […]
09/09/2024

Crypto: Hope for a Bottom

Market Picture The crypto market is trying to stabilise around the $1.94 trillion mark for the third day (+0.8% in 24 hours and -4% in 7 days) after Friday’s sharp sell-off. It will soon be apparent whether support at the $2 trillion level has turned into resistance. Bitcoin is trading just below $55K on Monday […]