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Summary A headline increase to 47.2 for the ISM manufacturing index says more about a back-up in inventories than it does about a meaningful improvement for the factory sector. Excluding the inventory contribution, the index would have been down 0.8 points. Rise & Whine: More of the Same from August ISM This is not the […]

The post ISM Rises for the Wrong Reasons in August appeared first on Action Forex.

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26/06/2024

Elliott Wave Expects USDJPY to Extend Higher in Impulsive Sequence

Short Term Elliott Wave in USDJPY shows incomplete bullish sequence from 6.4.2024 low favoring more upside. Up from 6.4.2024 low, wave 1 ended at 157.4 as the 1 hour chart below shows. Pullback in wave 2 unfolded as a zigzag structure. Down from wave 1, wave ((a)) ended at 156.92 and wave ((b)) ended at […]
19/09/2024

Ethereum Benefits from Fed Decision

The crypto market has responded favorably to the Fed rate cut Ethereum is in the green but a bearish trend is still in place Momentum indicators are turning bullish Ethereum is experiencing a green session today, recovering from Monday’s correction and preparing to test the recent $2,464 high. The crypto world appears to be benefiting […]
06/02/2024

EURCAD Selling Perfectly From The Blue Box Area

In this technical blog, we are going to take a look at the past performance of EURCAD 1-Hour Elliott wave Charts that we presented to our members. In which, the decline from the 1/25/2024 peak took place as an impulsive structure and showed a lower sequence with a bearish sequence stamp with the right side […]