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As shown by the Nikkei 225 (Japan 225 on FXOpen) chart: → In less than a month, the index price has dropped by more than 25%, providing grounds to suggest the start of a bear market; → The price has approached the psychological level of 30,000 points – the last time the price was this […]

The post Nikkei 225 Index Has Plummeted to a Nine-Month Low appeared first on Action Forex.

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03/01/2024

EUR/USD Edges Down to Near 1.0940 after German Employment Data, Focus Shifts to US Data

EUR/USD gains ground amid upbeat US Dollar. German Unemployment Change reduced to 5K from 22K prior. The seasonally adjusted Unemployment Rate remained consistent at 5.9%. The improved US Treasury yields are reinforcing the strength of the Greenback. EUR/USD struggles to retrace its recent losses registered in the previous session, trading near 1.0940 during the European session […]
29/08/2024

US Dollar Index Outlook: Bears Take a Breather for Limited Correction Ahead of Key US Data

The Dollar Index extends recovery into second straight day, lifted by short covering ahead of key supports at 100.29/21 zone (Dec 2023 low / 200WMA). Oversold daily studies contributed to fresh rise, as stochastic and RSI emerged from oversold zone and bearish divergence of stochastic indicator signaled rebound in advance. Bounce is likely to be […]
13/12/2023

NZDUSD Corrects Lower But 200-day SMA Curbs Retreat

NZDUSD experiences a sharp pullback from its 4-month peak But the 200-day SMA acts as a strong floor for now Momentum indicators deteriorate but remain in positive areas NZDUSD had been staging a solid rebound from its 2023 low of 0.5772, peaking at a fresh four-month high of 0.6221 in early December. Since then, the pair retraced […]