Summary 6/10 – 6/14 – Action Forex

Monday, Jun 10, 2024 Tuesday, Jun 11, 2024 Wednesday, Jun 12, 2024 Thursday, Jun 13, 2024 Friday, Jun 14, 2024
The post Summary 6/10 – 6/14 appeared first on Action Forex.

Monday, Jun 10, 2024 Tuesday, Jun 11, 2024 Wednesday, Jun 12, 2024 Thursday, Jun 13, 2024 Friday, Jun 14, 2024
The post Summary 6/10 – 6/14 appeared first on Action Forex.
On 26 August, we discussed the potential for a pullback after the rally to 1.12, noting:→ The fluctuations since April formed an ascending channel (indicated in blue, with support points marked by circles), and the price was near its upper boundary, where resistance was likely;→ The 1.12 level also showed signs of resistance – the…
EURUSD was sharply down on Monday morning after weaker than expected German and French PMI’s (German manufacturing PMI at 40.3 warns of recession) soured sentiment. Fresh weakness adds to reversal signals from recent repeated strong upside rejections on approach to pivotal 1.1200 barrier (Aug 26 high / round-figure). Bears cracked lower pivots at 1.1100 zone…
XRP, Ripple’s cryptocurrency focused on global payment solutions, posted an extraordinary price rally, pushing its price to levels last seen in the 2021 crypto boom. At the time of writing, the token, now ranked 5th with a market capitalization of $96 billion, is trading for $1.7. The figure represents a 15% gain in the past…
2026.01.16 2026.01.16 USD/JPY: Elliott Wave Analysis and Forecast for 16.01.26–23.01.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 156.00 with a target of 162.00–165.00. A buy signal: the price holds above 156.00. Stop Loss: below 156.00, Take Profit: 162.00–165.00. Alternative scenario: Breakout…
WTI oil price fell sharply on Wednesday, losing around $18 in early Asian trading, in reaction to decision of a two-week ceasefire between US/Israel and Iran and re-opening of (not entirely closed) Straight of Hormuz that provided relief. The deal marks the first step toward the long-lasting peace in the region and temporarily neutralized fears…
In our analysis of Brent crude oil six days ago, we identified a large contracting triangle and a local ascending channel. We also outlined a potential scenario involving a bullish breakout above the upper boundary of the triangle. Although this was not the base-case scenario, the XBR/USD chart now suggests it has played out: yesterday,…