Logo-color Logo-white

S&P 500 reversed from long-term resistance level 4600.00 Likely to fall to support level 4500.00 S&P 500 index under the bearish pressure after the earlier downward reversal from the long-term resistance level 4600.00, which stopped the sharp weekly uptrend in July. The downward reversal from the resistance level 4600.00 stopped the previous minor impulse wave […]

The post S&P 500 Wave Analysis appeared first on Action Forex.

previous

Silver Wave Analysis

next

Gold Price Trims Gains, Can This Key Support Hold?

Read More

15/01/2024

DPP Secures Presidency in Taiwanese Election

In focus today Today, the US election year kicks off with the Iowa Republican Caucuses. Prediction markets see Trump as the clear favourite to win the Republican candidacy, and he is projected to win over half of all votes in Iowa according to the latest polls. The Iowa caucuses are often seen as a bellwether […]
27/06/2024

Yen Under Pressure as USD/JPY Hits New Highs Since 1986

The USD/JPY pair soared to 160.34 on Thursday, reaching levels not seen since 1986, as market participants increasingly anticipate potential interventions from Japanese authorities. Despite repeated verbal assurances, the Japanese government has not taken concrete financial measures, leaving the yen vulnerable. Finance Minister Shunichi Suzuki reiterated that the government stands ready to counteract sudden and […]
18/07/2024

Elliott Wave Intraday: Rally in Bitcoin (BTCUSD) Looking Impulsive

Rally from 7.5.2024 low in Bitcoin (BTCUSD) looks impulsive suggesting further upside. Pullback to 53570 ended wave ((4)) and Bitcoin has turned higher in wave ((5)). The crypto currency still needs to break the previous all-time high on 3.14.2024 high at 73794 to rule out any double correction. Up from wave ((4)), wave ((i)) ended […]