Meta stock climbs 4% on report of planned metaverse cuts
The Facebook parent company changed its name to Meta in October 2021 to signal its pivot beyond social media.
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EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1635; (P) 1.1657; (R1) 1.1692; More…. Intraday bias in EUR/USD remains on the upside at this point. Fall from 1.1917 should have completed at 1.1467. Further rise should be seen to 1.1727 resistance first. Firm break there will bring retest of 1.1917 high. Nevertheless, below 1.1590 minor support will mix up the […]
The post EUR/USD Mid-Day Outlook appeared first on ActionForex.
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EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1635; (P) 1.1657; (R1) 1.1692; More…. Intraday bias in EUR/USD remains on the upside at this point. Fall from 1.1917 should have completed at 1.1467. Further rise should be seen to 1.1727 resistance first. Firm break there will bring retest of 1.1917 high. Nevertheless, below 1.1590 minor support will mix up the […]
The post EUR/USD Mid-Day Outlook appeared first on ActionForex.
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GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3250; (P) 1.3303; (R1) 1.3405; More… Intraday bias in GBP/USD remains on the upside for the moment. Fall from 1.3787 could have completed as a correction at 1.3008. Firm break of 1.3470 resistance will pave the way to retest 1.3725/3787 resistance zone. On the downside, below 1.3274 resistance turned support will turn […]
The post GBP/USD Mid-Day Outlook appeared first on ActionForex.
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GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3250; (P) 1.3303; (R1) 1.3405; More… Intraday bias in GBP/USD remains on the upside for the moment. Fall from 1.3787 could have completed as a correction at 1.3008. Firm break of 1.3470 resistance will pave the way to retest 1.3725/3787 resistance zone. On the downside, below 1.3274 resistance turned support will turn […]
The post GBP/USD Mid-Day Outlook appeared first on ActionForex.
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.7978; (P) 0.8010; (R1) 0.8028; More… No change in USD/CHF’s outlook and intraday bias stays neutral. Price actions from 0.7828 low is seen are a corrective pattern. On the upside, above 0.8070 will indicate that pattern is still extending, and turn bias back to the upside for 0.8123 and above. On the […]
The post USD/CHF Mid-Day Outlook appeared first on ActionForex.
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USD/CHF Mid-Day Outlook
Daily Pivots: (S1) 0.7978; (P) 0.8010; (R1) 0.8028; More… No change in USD/CHF’s outlook and intraday bias stays neutral. Price actions from 0.7828 low is seen are a corrective pattern. On the upside, above 0.8070 will indicate that pattern is still extending, and turn bias back to the upside for 0.8123 and above. On the […]
The post USD/CHF Mid-Day Outlook appeared first on ActionForex.
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EUR gains as Germany pension reform set to pass – Rabobank
Germany’s pension reform looks set to pass after Die Linke signals abstention, giving Euro (EUR) a temporary boost against the Pound Sterling (GBP). -
USDINR Technicals: The USDINR comes off the burner and corrects lower into support
If you’ve been watching my videos on the USDINR over the last few days — including yesterday’s update — you know the focus has been on the pair’s strong bullish run to new record highs and the approach toward the 161.8% Fibonacci extension. That level has been the logical upside target as momentum continued to build.
Today, the market finally sniffed that extension level, but the first test attracted early sellers. That initial hesitation became more meaningful as the session unfolded, and over the last 10 hour or so the price has seen a steady, orderly decline. In fact, this is the most significant corrective move we’ve seen since November 23–24, marking a notable shift in the tone of the intraday price action.
Importantly, the move lower has brought the pair back toward a targeted support zone that I have highlighted in the prior videos. This support is anchored by a key swing area at 89.7900, and it now aligns with the rising 100-hour moving average, currently near 89.7756. The confluence of these two levels strengthens their importance from a technical perspective.
So far, the intraday low has reached 89.873, keeping price just above that dual-level support cluster. The pair is currently trading near 89.8760. For traders looking for a buy-the-dip opportunity, the zone between 89.7756 and 89.7900 is the natural place to lean against, with a stop on a sustained break below the 100-hour moving average.
Conversely, for sellers who entered at higher levels, the picture is different. They need to see the price break and stay below the rising 100-hour MA to finally claim a downside victory — something the bears have been chasing but have not achieved for quite some time. Without that break, the broader bullish structure remains intact.
This article was written by Greg Michalowski at investinglive.com.
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Paramount questions Warner Bros. Discovery on ‘fairness and adequacy’ of sale process: Read the full letter
Paramount attorneys sent a letter to Warner Bros. Discovery questioning whether its acting in the best interest of shareholders.
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