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Cable extends steep fall into fourth straight day and probes through key supports at 1.3140 zone (Fibo 38.2% of 1.2099/1.3788 rally / former higher base, consisting of May 11 and July 27 lows), hitting the lowest levels since mid-April. Stronger dollar after Fed’s hawkish cut and fresh signals that BOE rate cut next week cannot […]

The post GBP/USD: Steep Decline Extends Through Key Support Zone appeared first on Action Forex.

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05/06/2024

Copper Elliott Wave Analysis: Shorter Cycles Expect Further Decline

Hello traders. Welcome to a new commodity blog post. In this one, we will look at the Copper Elliott wave analysis from our team of analysts. We will especially look at an Elliottwave path discussed in of one of our updates shared with members of ElliottWave-Forecast in May 2024. In conclusion, we will discuss how […]
17/03/2025

Crypto Market Fails to Confirm Reversal

Market Picture The crypto market is consolidating in the $2.70 trillion area, near the bottom of the trading range of the last several days. This makes one wary of the near future. Technically, the market is consolidating under its 200-day moving average, signalling a change from long-term sentiment to bearish. Bitcoin is cruising under its […]
02/04/2024

EURUSD Gets Set to Go

The slowdown in German inflation is fuelling hopes that the ECB will ease policy in the coming months. German CPI rose 0.4% m/m, weaker than the 0.5% expected. Annual inflation slowed from 2.5% in February to 2.2% in March, the lowest since May 2021. Germany’s reading is a useful guide to what to expect in […]