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Short Term Elliott Wave in FTSE suggests that the index has completed a bearish sequence from 5.15.2024 high. The decline made a zig zag Elliott Wave structure. Down from 5.15.2024 high, wave A ended at 8106.79 low. Rally in wave B ended at 8405.24 high with internal subdivision as an expanded flat structure. Up from […]

The post Elliott Wave Intraday Analysis: FTSE should Continue Higher appeared first on Action Forex.

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28/06/2024

Week Ahead – French and UK Elections on the Horizon, US Jobs Report Eyed Too

France and UK go to the polls; will elections bring chaos or order? US payrolls report for June awaited as Fed hawks don’t budge Eurozone CPI, Fed minutes and ECB forum also on investors’ radar Macron’s gamble set to backfire Political risks came back to haunt the euro in June as the resurgence in popularity […]
17/07/2024

Market Analysis: AUD/USD and NZD/USD Poised For Fresh Gains

AUD/USD is attempting a fresh increase from the 0.6715 support. NZD/USD is also rising and could target the 0.6090 resistance. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar found support at 0.6715 and recovered higher against the US Dollar. There is a major bearish trend line forming with resistance at 0.6740 on […]
10/04/2024

RBNZ April 2024 Monetary Policy Review: Staying the Course

Staying the course The RBNZ left the OCR at 5.5% as expected. The record of the meeting states that the risks to the outlook were viewed as “little changed” since the February Statement. The minutes noted the potential for a more flexible approach once inflation returns to the target range and when inflation expectations and […]