The financial markets were jolted by Fed’s hawkish rate cut last week, sending ripples across stocks, bonds, currencies, precious metals, and even cryptocurrencies. Fed’s indication of prolonged restrictive monetary policy fueled risk aversion, pushing Dollar to end the week as the strongest performer in the currency markets, supported by surging yields and elevated Fed expectations. […]

The post Dollar to Pause for Consolidation After Failing to Break Euro Resistance Post-Fed appeared first on Action Forex.

The year 2024 has been a transformative period in the global financial markets, characterised by a mix of challenges and opportunities. Inflation battles, monetary policy shifts, economic uncertainties, and surprising bouts of optimism dominated the landscape. These forces created a volatile yet dynamic environment where some markets flourished while others struggled under significant pressure. From […]

The post Market Year Wrap 2024: Key Highlights and Outlook for 2025 appeared first on Action Forex.

Short Term Elliott Wave in Silver (XAGUSD) shows that the metal ended wave ((4)) at 29.63. The metal has turned higher in wave ((5)). The structure of the rally is unfolding as a 5 waves Elliott Wave impulse structure. Up from wave ((4)) low on 11.28.2024, wave (i) ended at 30.29 and wave (ii) dips […]

The post Elliott Wave View in Silver (XAGUSD) Favors the Metal Going Higher appeared first on Action Forex.

Silver reversed from round support level 30.00 Likely to rise to resistance level 32.00 Silver recently reversed up from the round support level 30.00, which has stopped all previous downward corrections from September. The support level 30.00 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the sharp upward […]

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As reflected in the XAG/USD chart, the price of silver this morning is trading near $30.2, just above a critical support zone formed by: → The psychological level of $30.00; → The lower boundary of the ascending channel. As indicated by the blue arrows, this lower boundary has consistently provided support, enabling bullish reversals in […]

The post XAG/USD Analysis: Silver Price Balances at Key Support appeared first on Action Forex.

Silver has outperformed gold year-to-date, driven by increasing demand. The fundamental picture for silver is positive, with demand expected to continue outpacing supply. Short-term volatility is possible due to the US election and Federal Reserve meeting. Technically, silver is at a key support level; a close above 32.60 could signal renewed upward momentum. Silver prices […]

The post Silver (XAG/USD) Technical Outlook: Bullish Momentum Building? appeared first on Action Forex.

Short Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 8.8.2024 low is in progress as a 5 waves impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 ended at 27.69. Wave 3 higher ended at 32.95 and pullback in wave 4 ended at 30.12. The metal extends […]

The post Short Term Elliott Wave in Silver (XAGUSD) Looking to Turn Higher appeared first on Action Forex.

Silver reversed from support zone Likely to rise to resistance level 35.00 Silver recently reversed up from the support zone located between the key support level 33.00 (which stopped wave 1 last month) and the 38.2% Fibonacci correction of the upward impulse from the start of October. The support level 33.00 was further strengthened by […]

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Markets are in a holding pattern as investors weigh risks and uncertainties ahead of a busy week filled with key events. The US election is drawing closer, and markets may react to the possibility of a Trump victory, which could lead to a rise in the US Dollar and inflation expectations. The Bank of Japan […]

The post Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data appeared first on Action Forex.

Gold and Silver prices reach new highs amidst a rising US Dollar, driven by global uncertainties and a potential Trump Presidency. Silver’s demand/supply dynamics bode well for further gains. The US Dollar Index (DXY) strengthens due to positive economic data and fading rate cut expectations, with a potential rise to 105.00. Gold prices have smashed […]

The post Gold (XAU/USD), Silver (XAG/USD) Print Fresh Highs as the DXY Eyes 105.00 appeared first on Action Forex.

Silver under bullish pressure Likely to rise to resistance level 36.00 Silver is under bullish pressure after the earlier breakout of the resistance level 32.40 (which has been steadily reversing the price from the middle of May) intersecting with the resistance trendline of the daily up channel from the start of August. The breakout of […]

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Silver revived last week and made a decisive move on Friday to renew multi-year highs. At the start of the new week, the price was above $34 per troy ounce, a level last seen in November 2012. Since May this year, prices have pulled back several times, but silver broke through resistance at $32 and […]

The post Silver: Shakeout, but Not the End of the Mega-Rally Ahead appeared first on Action Forex.

Precious metal prices are fluctuating near multi-year highs due to safe-haven demand driven by: → Uncertainty surrounding the U.S. elections, → Ongoing tensions in the Middle East, → Expectations of central banks lowering interest rates. As seen on the XAG/USD chart, silver prices: → Are near their highest levels in 12 years, → Are approaching […]

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Silver slides after unlocking an almost 12-year high Technical signals suggest rally is overstretched Silver made some big waves on Friday, and it even found fresh buying interest to run up to 34.25 on Monday – its highest point in nearly twelve years. But now it seems like the bulls might need to catch their […]

The post Silver’s Bounce May Take a Rest Ater 12-year High appeared first on Action Forex.

Silver price hit new highest since November 2012 on Monday, in extension of last Friday’s record daily rally of 6.4%, with psychological $34.00 barrier being cracked. Increased safe haven demand dragged silver price, as geopolitical situation is overheated and markets pricing around 90% chance of Fed rate cut in November FOMC policy meeting. Strong bullish […]

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Short Term Elliott Wave View in spot Silver (XAGUSD) suggests that rally from 8.8.2024 low is in progress as an impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 ended at 27.69. Wave 3 higher ended at 32.71 and pullback in wave 4 ended at 30.13 with internal subdivision […]

The post Elliott Wave Intraday View in Silver (XAGUSD) Favoring the Upside appeared first on Action Forex.

In this technical article we’re going to take a quick look at the Elliott Wave charts of Silver (XAGUSD ) commodity , published in members area of the website. As our members know, Silver has recently given us correction against the September 6th low. The commodity reached our target zone and completed correction right at […]

The post Silver (XAGUSD) Buying the Dips at the Blue Box Area appeared first on Action Forex.

Silver bulls roar back; make efforts to resume long-term uptrend above 32.49 Price hovers near overbought zone; trend signals remain encouraging above 31.50 Silver made a comeback on Thursday after a temporary pause, with scope to challenge May’s eleven-year high of 32.49, which it didn’t reach in July. The rebound near the broken resistance line […]

The post Silver on the Verge of a Major Bullish Trend Reversal appeared first on Action Forex.

Silver (XAGUSD) is close to breaking above previous peak on 5.20.2024 high at 32.51. A break above the level confirms the next leg higher has resumed. Short term, rally from 9.9.2024 low is in progress as a 5 waves impulse Elliott Wave structure. Up from 9.9.2024 low, wave ((i)) ended at 31.23 and pullback in […]

The post Elliott Wave Expects Silver (XAGUSD) to Continue Bullish move appeared first on Action Forex.

The financial markets have been more influenced by speculations than by concrete economic data, as anticipation builds ahead of Fed’s interest rate decision on September 18. Recent US economic indicators, including the latest CPI report and the prior week’s non-farm payrolls, pointed toward a cautious and modest 25bps rate cut. However, traders and investors chose […]

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