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Bearish Scenario: Selling below 22.65 with TP1: 22.34 (intraday) and TP2: 22.02 (swing). It is recommended to place a stop loss around 22.80, at least 1% of the account capital**. A trailing stop can be used. Bullish Scenario: Buying above 22.70 with TP1: 22.90. It is recommended to set a stop loss (S.L.) below 22.60 […]

The post Silver (XAGUSD) With Bearish Extension and Intraday Target at 22.34 appeared first on Action Forex.

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03/05/2024

US: Job Gains Lose Some Momentum in April, Unemployment Rate Ticks Up to 3.9% 

Non-farm employment rose by 175k in April, below the consensus forecast of 240k. Job gains in the two prior months were also revised lower by a combined 22k. Private payrolls rose 167k, with most of the gains concentrated in health care & social assistance (87k), transportation & warehousing (21.8k) and retail trade (20.1k). Meanwhile, information […]
02/03/2024

Weekly Economic & Financial Commentary: Economic Growth Continues Despite Downbeat Data

Summary United States: Economic Growth Continues Despite Downbeat Data Economic data were downbeat this week, as downward revisions took some of the shine out of the marquee headline numbers. Durable goods orders declined, consumer confidence took a dip and the PCE deflator accelerated, bringing real personal spending into the red. Despite the somewhat weak start […]
29/03/2024

Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, […]