Logo-color Logo-white

In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index DXY , published in members area of the website. As our members know, Dollar has given us recovery against the 105.21 peak. It found sellers after 3 waves pattern and made the decline toward new lows […]

The post Dollar Index (DXY) Elliott Wave Calling the Decline After 3 Waves Bounce appeared first on Action Forex.

previous

Analysis of XAU/USD: Gold Price Sets Historical Record

next

Gold Shines at Fresh All-Time High

Read More

08/06/2024

Fed Set to Hold Rates as Inflation and Other Indicators Show Mixed Signals

Wednesday’s U.S. Consumer Price Index data and the Federal Reserve’s interest rate decision will be in focus after the Bank of Canada and European Central Bank cut rates the week before. The Fed is not expected to follow suit—at least not right now. We expect U.S. CPI growth numbers out in the morning before the […]
03/05/2024

WTI Crude Oil Wave Analysis

WTI broke round support level 80.00 Likely to fall to support level 76.00 WTI crude oil recently broke the round support level 80.00 (which has been reversing the price from the middle of March) standing close to the 38.2% Fibonacci correction of the upward impulse from February. The breakout of the support level 80.00 accelerated […]
13/06/2024

Aussie Shrugs After Strong Employment Data

The Australian dollar has edged lower on Thursday. AUD/USD is trading at 0.6674 in the North American session, up 0.14% on the day. The Aussie didn’t show much reaction to today’s solid Australian employment report. Australian employment beats forecasts Australia’s economy has been slowing but the May employment report indicated that the labor market remains […]