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The rally in Bitcoin, meme coins, and the US dollar that followed Donald Trump’s presidential victory continues to gain momentum. The tariff cuts announced by the new president-elect have already contributed to declines in gold and commodity prices. Combined with the potential for heightened trade tensions with China, the current environment is pressuring currencies such […]

The post Commodity Currencies Reach New Lows appeared first on Action Forex.

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27/02/2024

EURJPY Falls Slightly After Meeting 3-Month High

EURJPY creates bullish tendency in short- and long-term timeframes RSI indicates potential downside retracement EURJPY is retreating somewhat after the aggressive buying interest towards the three-month high of 163.70. The price has been developing an upward trend since the rebound off the 153.15 support level confirming the bullish bias in the short- and long-term pictures. Technically, the RSI indicator […]
25/11/2024

US 500 Index Bulls Hold Control Above 6,000

US 500 rebounds from uptrend line RSI approaches 70 level; MACD tries to surpass its trigger line The US 500 cash index is creating the sixth consecutive green day, following the bounce off the short-term uptrend line and the 5,855 support level. The price is currently approaching the previous all-time peak of 6,052 and the […]
25/09/2024

Market Analysis: AUD/USD Rallies Toward 0.7000, NZD/USD Follows Suit

AUD/USD surged above the 0.6800 and 0.6850 levels. NZD/USD is also rising and might aim for more gains above 0.6300. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar rallied after forming a base above the 0.6750 level against the US Dollar. There is a key bullish trend line forming with […]