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Since the recent one-week slide of -5.8% seen on the Hong Kong 33 CFD Index (a proxy of the Hang Seng Index futures) from 24 July 2025 high to 1 August 2025 low, its price actions have been choppy as markets grappled with US tariffs news flow and the possibility of an imminent US Federal […]

The post Hang Seng Index Technical: End of Minor Corrective Decline, Start of New Bullish Impulsive Up Move appeared first on Action Forex.

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Tariffs, Gold, Chips, and Inflation

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EURUSD Attempts to Break 1.17, Sees Newfound Strength from US CPI Report

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06/06/2025

From Big and Beautiful to Ugly and Personal

Popcorn sales will pop — that’s my best prediction for today — as the world watches the incredible escalation of tensions between Donald Trump and his – once – best buddy, Elon Musk. Musk joined the mounting chorus of critics regarding Trump’s Big and Beautiful Tax Bill. But because nothing is reasonable anymore, the tweet […]
30/08/2024

EURUSD Wave Analysis

EURUSD reversed from long-term resistance level 1.1150 Likely to fall to support level 1.1000 EURUSD currency pair recently reversed down from the major long-term resistance level 1.1150 (which has been reversing the price from the start of 2022). The resistance level 1.1150 was strengthened by the upper weekly Bollinger Band and by the 61.8% Fibonacci […]
25/10/2024

S&P 500 index Wave Analysis

S&P 500 index reversed from support zone Likely to rise to resistance level 5900.00 S&P 500 index recently reversed up from the support zone located between the key support level 5785.00 (former top of wave 1 from September), 20-day moving average and the 50% Fibonacci correction of the upward impulse from the start of October. […]