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Lacklustre movement was seen in China & Hong Kong benchmark stock indices today after the release of China Premier Li Qiang’s economic work report during the second day of the “Two Sessions”. Premier Li Qiang has officially announced China’s 2024 GDP growth target of around 5% (within consensus) and stuck to the same rhetoric of […]

The post Hang Seng Index Technical: Countertrend Rebound Phase May Have Ended appeared first on Action Forex.

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21/05/2024

Bitcoin’s Resurgence: Price Climbs with Renewed Momentum

Key Highlights Bitcoin price climbed higher steadily higher above the $67,500 and $70,000 resistance levels. BTC is trading well above a key bullish trend line with support near $63,850 on the 4-hour chart. Crude oil prices found support near $76.80 and started a recovery wave. Gold surged toward the $2,450 level before a minor pullback. […]
06/02/2024

BTCUSD Found Buyers At The Equal Legs Area

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of BTCUSD published in members area of the website. As our members know Bitcoin has given us 3 waves pull back recently that found buyers right at the equal legs area. We have been favoring the […]
09/03/2024

Will US CPI Data Come to Dollar’s Rescue?

Weak ISM PMIs and dovish Powell hurt the dollar Investors add to their June rate cut bets US CPI data the next test for the greenback The data is scheduled for Tuesday at 12:30 GMT After Powell’s testimony, investors see June cut a done deal There has been a notable repricing in market expectations with […]