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WTI crude oil rises from 17-month low Momentum oscillators gain some ground WTI crude oil has finally climbed higher from the 17-month low of 65.70 after the aggressive selling interest from the 78.75 resistance. Over the last three weeks, the commodity has lost more than 16%, switching the outlook to strongly bearish. According to technical […]

The post WTI Crude Oil Recoups Some Losses After Sell-off appeared first on Action Forex.

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06/12/2023

EURUSD Wave Analysis

EURUSD broke daily up channel Likely to fall to support level 1.7000 EURUSD currency pair under the bearish pressure after the earlier breakout of the support trendline of the daily up channel, which enclosed the previous impulse wave (C) from the start of November. The breakout of this daily up channel accelerated the active impulse […]
03/03/2024

Time to Take a Closer Look at Altcoins?

Market picture The cryptocurrency market has corrected by 2%, dropping below $2.3 trillion in market capitalisation. Now, this looks like a technical correction, with the biggest coins pulling back from Thursday night’s highs and holding their positions at the start of Friday’s trading. Bitcoin and Ether are drawing their seventh consecutive daily growth candle, albeit […]
04/04/2024

Rate Decision in Poland

In focus today In the euro area, we receive February PPI data. In Poland, the Polish central bank wraps up its two-day monetary policy meeting. We expect an unchanged policy rate at 5.75%, in line with consensus. In Switzerland, inflation for March is published at 8.30 CET. In Sweden, Riksbank Minutes are released 09.30 CET. […]