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FTSE 100: ⬆️ Buy FTSE 100 index broke the resistance zone Likely to rise to resistance level 8450.00 FTSE 100 index today broke the resistance zone between the resistance level 8170.00 (which stopped the previous sharp upward correction at the start of this month) and the 50% Fibonacci correction of the sharp downward impulse (C) […]

The post FTSE 100 Wave Analysis appeared first on Action Forex.

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27/03/2024

GBP/USD Dives While USD/CAD Gains Bullish Pace

GBP/USD declined below the 1.2665 support zone. USD/CAD is rising and might aim for more gains above the 1.3610 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh decline from the 1.2800 resistance zone. There was a break below a key rising channel with support at 1.2630 on the […]
21/02/2025

Fine-Tuning (is) the Message

The RBA cut the cash rate 25bps to 4.1% this week as expected. But the tone in the forecasts and initial rhetoric was more hawkish than we expected, reflecting an apparent pivot to ‘fine-tuning’. As was widely expected, the RBA cut the cash rate this week by 25bps to 4.1%. Inflation has declined faster than […]
09/05/2024

Elliott Wave Analysis on USDJPY Recovery Post BOJ Intervention

USDJPY has been in a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short term Elliott Wave path for the currency post the intervention. We are calling the structure of the rally from 12.28.2023 low as a 5 waves Elliott […]