Logo-color Logo-white

We saw another big drop in the stock market yesterday, with SP500 pulling back now around 10 percent from all-time highs. This type of correction has always been proved to be a healthy one since 2023, as each similar pullback was later fully reversed. This suggests we could still see some price stabilization this week. […]

The post Dollar Remains in Downtrend: More Weakness to Come After Rally appeared first on Action Forex.

previous

Natural Gas Reacted Strongly From The Blue Box Area

next

Gold Remains in Consolidation Amid Ongoing Market Uncertainty

Read More

01/03/2024

Will GBPJPY Rebound Again?

GBPJPY breaks below key support area after new high Technical signs weaken, but 20-day EMA comes to the rescue again GBPJPY extended its pullback from an eight-and-a-half-year high of 191.30 for the third consecutive day on Thursday to find support around the 20-day exponential moving average (EMA) at 189.50. The line had protected the market […]
15/01/2024

Euro Drifting Ahead of German CPI

The euro is showing limited movement on Monday. In the European session, EUR/USD is trading at 1.0948, down 0.02%. German inflation is on the rise Germany’s inflation rate climbed to 3.7% y/y in December, up from 3.2% in November, which was a two-year low. We’ll get the final estimate on Tuesday. The main contributor to […]
16/01/2025

Bitcoin Bulls Face Obstacles: Can They Reclaim $100K?

Key Highlights Bitcoin price found support at $90,000 and started a recovery wave. BTC cleared a declining channel with resistance at $94,800 on the 4-hour chart. Ethereum price is struggling to stay above the $3,000 support zone. Gold might continue to rise toward the $2,720 zone. Bitcoin Price Technical Analysis Bitcoin price found support and […]