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US Yields have topped back in October 2023 with sharp leg down, which is from Elliott wave perspective first leg A of a deeper A-B-C decline that can send the price back to the former wave 4 area to 3.25% – 2.5%. At the same time, we can see US dollar Index – DXY also […]

The post Bearish Yields Could Send US Dollar Lower appeared first on Action Forex.

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08/03/2024

EURJPY Has One More Chance Before Bears Take the Lead

EURJPY flips backwards to retest familiar support zone Trend signals lean to the negative side More sellers might show up below 160.70 EURJPY could not sustain its recent recovery attempt above the 162.00 round level, drifting lower to seek shelter near the important support trendline, which came to the rescue on Thursday. The pair eased back […]
20/05/2024

Could RBNZ Support Kiwi’s Recent Strength?

RBNZ meets on Wednesday, no rate change expected Quarterly forecasts and press statement will be closely scrutinized Press conference to gain interest if RBNZ turns dovish Kiwi’s recent run against the dollar could be under threat Third RBNZ meeting in 2024 The Reserve Bank of New Zealand will announce its interest rate decision on Wednesday […]
11/01/2024

Nikkei 225 index Wave Analysis

Nikkei 225 broke resistance level 33830.00 Likely to rise to resistance level 35500.00 Nikkei 225 index earlier broke the key resistance level 33830.00 (which has been reversing the pair from the start of June). The breakout of the resistance level 33830.00 accelerated the active short-term impulse wave 3 of the intermediate impulse (3) from the […]