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Bearish Scenario: Sell below 77.50/77.81 with TP1: 77.36, TP2: 76.91, TP3: 76.26, and TP4: 76.00, with S.L. above 78.53 or at least 1% of account capital. Bullish Scenario: Buy above 78.70 with TP1: 79.00 and TP2: 79.90, with S.L. below 78.00 or at least 1% of account capital. Apply trailing stop. Fundamental Analysis: The price […]

The post XTIUSD: Bearish and Bullish Scenarios, Key Levels, and Market Insights appeared first on Action Forex.

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06/09/2024

Sunset Market Commentary

Markets August nonfarm payrolls to settle the debate once and for all… Or not. The US economy added 142k jobs in August, compared to 165k consensus. Most other metrics printed near consensus as well. The unemployment rate ticked lower from 4.3% to 4.2%, the participation rate stabilized at 62.7% and wage growth even accelerated somewhat […]
29/11/2023

NZ First Impressions: RBNZ Monetary Policy Statement

Short description: The RBNZ left the OCR at 5.5% as expected but was more hawkish on future prospects. The RBNZ’s projections continue to reflect the risk of further increases in the OCR in 2024. An easing cycle looks quite some time off. The RBNZ’s projections for the OCR were revised 10bp higher to a peak […]
04/04/2024

Silver Wave Analysis

Silver broke major resistance zone Likely to rise to resistance level 28.00 Silver under the bullish pressure after the recent breakout of the major resistance zone located between the resistance levels 26.15 and 26.90 (previous yearly highs from 2022 and 2023). The breakout of the resistance levels 26.15 and 26.90 accelerated the active impulse waves […]