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The week started on a slow but hopeful note for European markets, with expectations that Trump’s latest 50% tariff threat on European imports would accelerate negotiations. And that’s what the latest headlines suggest. As a result, the Stoxx 600 rebounded around 1% yesterday, the DAX led gains with a 1.68% advance, the CAC added 1.21%, […]

The post Rallies on Thin Ice appeared first on Action Forex.

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11/10/2024

EURGBP Wave Analysis

EURGBP reversed from resistance zone Likely to fall to support level 0.8340 EURGBP currency pair recently reversed down from the resistance zone located between the key resistance level 0.8400 (former strong support from June, July and August) intersecting 20-day moving average and the 618% Fibonacci correction of the downward impulse from September. The downward reversal […]
27/02/2024

Bitcoin – Bulls Taking a Breather for Consolidation/Limited Correction

Bitcoin eases on Monday, shifting focus towards the floor of near-term consolidation range (50500) established after larger bulls started to run out of steam and left fresh multi-month peak at 53017 (Feb 20). Early signal of an uptrend’s stall and subsequent correction has been generated from daily RSI bearish divergence and strongly overbought weekly studies. […]
06/02/2024

EURGBP Wave Analysis

EURGBP reversed from support level 0.8515 Likely to rise to resistance level 0.8600 EURGBP currency pair recently reversed up from the key support level 0.8515, which has been reversing the pair from the middle of last year. The support level 0.8515 was strengthened by the lower weekly Bollinger Band. Given the strength of the support […]