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S&P 500 continues daily uptrend Likely to rise to resistance level 5675.00 S&P 500 Index recently reversed from the support area between the key support level 5500.00 (former resistance from June) and the 38.2% Fibonacci correction of the previous upward impulse from May. The upward reversal from this support area will likely form the daily […]

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

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22/08/2024

Crypto Tug of War

Market picture The crypto market gained 1.7% in the last 24 hours to reach $2.14 trillion, continuing to test August’s resistance. Bitcoin rose 2.6%, while Ethereum gained 1.2%. The battle for a 10th position in the CoinMarketCap has intensified: Tron’s 5.5% drop to a cap of $13.09 billion contrasted with Cardano’s 2.5% rise to $13.17 […]
27/05/2024

Japanese Yen Slightly Rises Against USD

The Japanese yen slightly increased against the US dollar on Monday, with the USD/JPY pair holding near 156.73. Investors have already priced in previous remarks from Bank of Japan (BoJ) officials. BoJ Governor Kazuo Ueda emphasized the need to anchor inflation expectations before revisiting interest rate decisions, highlighting the challenge of accurately determining the necessary […]
29/04/2024

EURUSD Attempts Recovery from 5-month Low

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