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We don’t know how it does it, but it does it. Nvidia continues to defy gravity. It keeps announcing blowout results and advancing at an impressive pace, despite all the challenges the trade war throws its way. Again yesterday, the company managed to surpass revenue expectations by a comfortable margin. It earned $44.1bn, even after […]

The post Nvidia, Tariff Ruling Fuel Optimism appeared first on Action Forex.

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22/01/2025

Elliott Wave View on S&P 500 Futures (ES) Looking to Resume Higher

Short Term Elliott Wave view in S&P 500 Futures (ES) suggests that rally to new all time high on 12.16.2024 at 6163.75 ended wave ((3)). Pullback in wave ((4)) is proposed complete at 5808.4 as the 1 hour chart below shows. Internal subdivision of wave ((4)) unfolded in a double three structure. Down from wave […]
18/03/2024

EURUSD Trades Sideways After Sharp DFrop

EURUSD rotates lower after its advance gets rejected Trades flat in past few sessions within the Ichimoku cloud Momentum indicators weaken but remain positive  EURUSD had been in a steady recovery from its 2024 bottom of 1.0693, advancing to as high as 1.0980 on March 8. However, the pair’s rebound was rejected after a temporary jump […]
27/06/2024

Yen Weaker Every Day, USDJPY Breaks 1990 Highs

Intraday Bullish Scenario: Wait for a pullback to 160.12 with TP1 at 160.60 and TP2 at 160.80, with an S.L. below 159.90 or at least 1% of the account capital. Apply Trailing Stop. Bearish Scenario: Sell below 160.60 (if a PAR forms) with TP1 at 159.81, TP2 at 159.73, and TP3 at 159.40 with S.L. […]