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Oil and natural gas prices remain unstable as traders react to global tensions and trade uncertainties. Crude oil prices stayed steady as markets evaluated how new tariff measures might affect significant energy suppliers. Meanwhile, U.S. oil stockpiles grew by 3.46 million barrels, likely due to lower demand after recent weather disruptions. Oil (XTIUSD) is trading […]

The post XTIUSD Price Action Breakdown appeared first on Action Forex.

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11/10/2024

Crypto Gets Hammered in America, Rebounds in Asia

Market Picture The cryptocurrency market lost 0.2% in 24 hours to $2.12 trillion but saw a fresh drop in the US session during the day before rebounding on buying in lower volumes in Asian trading on Friday morning. The Sentiment Index fell to its lowest level in over a month at 32 (fear). Since the […]
13/09/2024

USDCAD Flirts With 200-Day SMA Again

USDCAD remains below 1.3600 MACD and RSI indicate upside recovery USDCAD is moving back and forth of the 200-day simple moving average, which is standing marginally beneath the 1.3600 round number. Earlier in the week, the market successfully travelled towards the 1.3620 bar, adding optimism for more bullish actions. The technical oscillators are confirming an […]
04/03/2024

Gold Wave Analysis

Gold approached key resistance level 2090.00 Likely to correct down to support level 2050.00 Gold today rose sharply after the price broke through the key resistance level 2050.00 (which has been reversing the price from the start of January). The price is currently trading close to the key resistance level 2090.00, former monthly high from […]