Logo-color Logo-white

Bearish Scenario: Shorts below 18100 with TP1: 17900, TP2: 17814, and 17630 with S.L. above 18130 or at least 1% of account capital*. Anticipated Bullish Scenario: Intraday longs above 18130 with TP: 18219, TP2: 18270, and TP3: 18428, with S.L. below 18050 or at least 1% of account capital*. Apply trailing stop. Bullish Scenario after […]

The post US100: Consolidated and Preparing Correction Below 18100. Key Levels on H4 appeared first on Action Forex.

previous

Gold Price Rally Takes Break, Crude Oil Price Surges

next

USD/JPY: Stands at the Front Foot Ahead of BoJ and Fed Policy Meetings

Read More

05/01/2024

China’s Rise To The World’s Largest Economy Is Delayed

Summary The U.S. economy remains the largest economy in the world. But, will the U.S. be able to maintain that status forever? In our view, the answer is no. We believe China is on a path to eventually overtake the U.S. and become the world’s largest economy. However, China’s structural challenges and vulnerabilities combined with […]
06/09/2024

Week Ahead – ECB Poised to Cut Again, US CPI to Get Final Say on Size of Fed Cut

ECB is expected to ease again, but will it be another ‘hawkish cut’? US CPI report will be the last inflation update before September FOMC UK monthly data flurry begins with employment and GDP numbers ECB to cut rates for second time The European Central Bank’s carefully choreographed rate-cutting cycle got off to an awkward […]
23/05/2024

EUR/USD: Recovery Needs Further Positive Signals to Resume

The Euro regained traction and bounced 0.3%, after pullback from 1.0895 (May 16 high) was repeatedly rejected at 100DMA (1.0814), generating initial signal of a double-bottom and potential end of corrective phase. Fresh strength so far retraced over 50% of 1.0895/1.0812 pullback and on track complete bullish engulfing pattern on daily chart, which would reinforce […]