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Nasdaq-100 index reversed from support zone Likely to rise to resistance level 19500.00 Nasdaq-100 index continues to rise inside the minor impulse wave 3, which started recently from the major support area set between the long-term support level 17300.00 (which has been reversing the index from February) and the 50% Fibonacci correction of the sharp […]

The post Nasdaq-100 Index Wave Analysis appeared first on Action Forex.

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Gold Aims for Critical Upside Break, US CPI Next

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22/04/2024

USD/JPY: Keeps Firm Tone and Continues to Trade Near Pivotal 155.00 Barrier

USDJPY keeps firm tone and continues to trade near pivotal 155 barrier, where strong offers cap the action on expectations that Japan’s authorities may intervene at this zone. Technical picture on daily and weekly chart remains increasingly bullish, with strong positive signal generated on weekly close above important Fibo level at 152.60 (38.2% of larger […]
25/04/2024

Japanese Yen Hits All-Time Low as BoJ Meeting Commences

The USD/JPY pair reached an all-time high on Thursday, touching the 155.50 level. This development comes as the Bank of Japan (BoJ) starts its two-day monetary policy meeting with widespread expectations that the interest rate will remain unchanged at zero. Investors are keenly watching for any aggressive signals from the BoJ, as further declines in […]
08/01/2024

Monday’s Focus Will Be on Inflation Data

In focus today Today we get a string of tier-2 data from the euro area. The most important ones are the euro area retail sales and German factory orders. The euro area November retail sales will provide important information about how consumption fared in Q4. German factory orders will shed light on the German industry […]