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US 100 index slides below 20-day EMA, but remains supported Technical indicators reflect uncertainty among traders The US 100 stock index has recently pulled from a record high of 21,230 to set a footing near the 23.6% Fibonacci retracement of its August-November uptrend at 20,288. Despite its retreat, the index seems well-supported and market sentiment […]

The post US 100 Index Awaits Fresh Direction appeared first on Action Forex.

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14/10/2024

GBP/USD: Bearish Bias Under Daily Cloud Top

Bears hold grip and keep the price within daily cloud for the third straight day, with cloud top acting as solid resistance and limits upticks. Renewed probe through 1.3049 (50% retracement of 1.2664/1.3434) looks for eventual firm break here to signal bearish continuation for attack at psychological support at 1.30 (also Sep 11 higher low), […]
29/08/2024

NZ First Impressions: ANZ business confidence, August 2024

Businesses sentiment rose strongly in August, as the prospect and then delivery of an OCR cut was brought forward. Key results (August 2024) Business confidence: 50.6 (Prev: 27.1) Expectations for own trading activity: 37.1 (Prev: 16.3) Activity vs same month one year ago: -23.1 (Prev: -24.3) Inflation expectations: 2.92% (Prev: 3.20%) Pricing intentions: 41.0 (Prev: […]
10/04/2024

EURUSD Oscillates Within a Sideways Range

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