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WTI crude oil surpasses 20- and 50-day SMAs Technical oscillators are mixed WTI crude oil futures are experiencing a new bullish wave, meeting the medium-term descending trend line again near the 73.00 level after the significant rebound off the 68.90 support level. Technically, the MACD oscillator is moving horizontally still beneath its trigger and zero […]

The post WTI Crude Oil Meets Downtrend Line Again appeared first on Action Forex.

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21/08/2024

USDCHF Wave Analysis

USDCHF reversed from resistance area Likely to fall to support level 0.8500 USDCHF currency pair recently reversed down from the resistance area set between the resistance level 0.8735 (former monthly low from March), 20-day moving average and the 50% Fibonacci correction of the downward impulse from the start of July. The downward reversal from this […]
23/08/2024

AUD/USD Sees Rebound: Weak US Dollar and RBA’s Steady Stance Support Strength

AUD/USD is finding its footing, currently stabilising at around 0.6725, as the US dollar weakens further in anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. Investors are watching closely for cues on future policy shifts, influencing forex forecasts. The Australian dollar’s resilience is bolstered by the minutes from the Reserve Bank […]
11/06/2024

Key Factors Influencing AUDUSD: Analysis and Trading Scenarios

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