Logo-color Logo-white

Platinum reversed from resistance level 1010.00 Likely to fall to support level 990.00 Platinum just reversed down from the major resistance level 1010.00, which has been reversing the price from the end of December. The resistance level 1010.00 stands well above the upper daily Bollinger Band – increasing the possibility of the sharp correction in […]

The post Platinum Wave Analysis appeared first on Action Forex.

previous

Copper (HG_F) Elliott Wave : Forecasting the Rally from the Equal Legs Zone

next

Gold Price Could Resume Upside, This Support Is The Key

Read More

22/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to break under the 1st support and drop towards the 2nd support. The 1st support level at 101.87 is identified as a multi-swing-low support. Further below, the 2nd support level at 100.67 is noted as a swing-low […]
26/06/2024

Sentiment Improves Amid Nvidia Recovery, FedEx Earnings

Nvidia selloff didn’t deepen yesterday, on the contrary, the recent end-of-quarter / end-of-the-first-half pullback attracted dip buyers – if you can call it a dip yet – and Nvidia shares ended up jumping by almost 7% in a single session. Yesterday’s jump will certainly help to cool the downside pressure and ease long squeeze worries […]
27/06/2024

Will Core PCE Inflation Persuade Fed to Cut Rates?

US core PCE inflation index could resume downtrend Fed may ask more evidence before cutting interest rates EURUSD trades near key support zone. Is it time for an upside reversal? Inflation could hit a new low in May Friday will see the release of the Fed’s favorite core PCE inflation measure at 12:30 GMT as the […]