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US 100 index trades sideways ahead of the Fed meeting It battles with the July 11, 2024 descending trendline Momentum indicators are tentatively bullish The US 100 cash index is moving sideways today, continuing its low volatility sessions, as market participants are staying on the sidelines ahead of the crucial Fed meeting. The first Fed […]

The post US 100 Index in Anticipation Mode Ahead of Fed appeared first on Action Forex.

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14/03/2024

Technical Outlook and Review

DXY: For DXY, the potential direction is bearish, aligning with the overall momentum of the chart. There’s a likelihood of a bearish continuation towards the 1st support level. The pivot at 103.44 acts as a significant overlap resistance, indicating a potential barrier where selling pressure may intensify. On the support side, the 1st support at […]
15/05/2024

NZDUSD Rallies Beyond Downtrend Line

NZDUSD rises above 200-day SMA too RSI and stochastics suggest more bullish moves NZDUSD is flying above the medium-term ascending trend line and the 200-day simple moving average (SMA), indicating a potential upside recovery. According to the technical oscillators, the RSI is heading north and is approaching the 70 level with strong momentum, while the stochastic is […]
14/05/2024

Platinum Wave Analysis

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 […]