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Bulls regained traction and pushed the price up 0.75% on Wednesday, retracing the largest part of pullback from 2024 high (145.97, Jan 5) to 143.41 (Jan 9). Fresh strength emerged after corrective dip was strongly rejected just above 200DMA (143.37), marking a healthy correction and keeping in play near-term bulls off 140.25 (Dec 28 low). […]

The post USD/JPY: Recovery Acceleration Signals that Corrective Phase Might Be Over appeared first on Action Forex.

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08/04/2024

EURUSD Undecided Near Converging SMAs

EURUSD fluctuates near its 50- and 200-day SMAs Forms two successive doji candles, unable to adopt a direction Momentum indicators strengthen but remain negative EURUSD experienced an aggressive decline before finding its feet at 1.0722, a region that also held strong in February. Despite its attempt to rebound, the pair has met strong resistance at the congested […]
18/01/2024

US Dollar Index Battles With SMAs Near 103.00

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01/05/2024

OIL (CL_F) Elliott Wave: Incomplete Sequences Forecasting The Path

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