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The US stock market reopened on Tuesday, 2 September, with a weak start after the Labour Day holiday. All four major benchmarks tumbled between –1.3% and –1.8% in the first half of the session, pressured by fears of a global liquidity squeeze following a sharp spike in the UK’s 30-year gilt yield to 5.69%, it’s […]

The post SPX 500 Technical: Yesterday’s Sell-off Reached Inflection Zone for Potential Bullish Reversal appeared first on Action Forex.

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18/12/2023

EUR/USD Tops Again But Can This Key Support Hold?

Key Highlights EUR/USD failed again to clear the 1.1010 resistance. A key bullish trend line is forming with support near 1.0860 on the 4-hour chart. GBP/USD also started a downside correction from the 1.2780 zone. Gold prices are struggling to stay above the $2,000 pivot level. EUR/USD Technical Analysis The Euro gained bullish momentum after […]
15/01/2024

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently exhibits a bearish overall momentum, indicating weakness in the US Dollar. This bearish momentum is further supported by the fact that the price is below the bearish Ichimoku cloud, which is a significant technical indicator. There is a potential for a bearish continuation towards the 1st support […]
30/04/2025

Gold Probes Again Through Key Supports as Trade Tensions Ease

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