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Key Highlights WTI Crude Oil price started a fresh decline from the $73.25 resistance. It traded below a key bullish trend line with support at $72.20 on the 4-hour chart. Gold started a downside correction from the $2,685 high. Bitcoin dipped after the bulls struggled above $66,000. WTI Crude Oil Price Technical Analysis WTI Crude […]

The post WTI Crude Oil Dips Once More: Is More Weakness Ahead? appeared first on Action Forex.

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23/09/2024

Nosedive in Eurozone Economic Activity

Preliminary Eurozone PMI estimates sent the EURUSD down 0.67% over the hour, as they were much weaker than expected and increased pressure on the ECB to continue easing monetary policy. This is not the first time that a significant divergence of preliminary PMIs from expectations has become a driver of the European currency market. In […]
25/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Currency Index) chart currently demonstrates a bullish overall momentum, indicating strength in the US Dollar. Your analysis suggests that there is potential for a bullish continuation in the price towards the 1st resistance level. The 1st support level at 103.10 is considered significant as it represents an overlap support, indicating […]
27/05/2024

Japanese Yen Slightly Rises Against USD

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