Logo-color Logo-white

Hello traders, welcome to a new Forex blog post. In this one, we will discuss AUDUSD short-term Elliott wave analysis. We believe the forex pair is still within a bearish corrective cycle from late September 2024. Thus, the current minor bounce should fail at some point, leading to a further intraday sell-off. From the perspective […]

The post AUDUSD Elliott Wave Analysis: Short Term Favors Downside From Bounces appeared first on Action Forex.

previous

Bitcoin Price Set to Reach New High Before US Elections

next

ECB Review: A Rate Cut – and Awaiting More Data

Read More

11/04/2024

EURGBP’s Double Bottom Still Waits for Confirmation

EURGBP faces difficulty in completing a double bottom pattern above 0.8579 Technical indicators reflect a lack of bullish momentum ECB rate decision could generate fresh volatility at 12:15 GMT ECB governor Lagarde holds press conference at 14:15 GMT EURGBP drifted lower after it got another rejection from November’s resistance trendline and the 38.2% Fibonacci retracement […]
27/05/2024

Quiet Start to a Week Where Inflation Will Be in Focus

In focus today The week kicks off with a very light schedule. We receive the Germany Ifo indicator for May at 10.00 CET. The past two months have seen an increase in the assessment of the business situation, and it will be interesting to see if this continued in May. The US is out today […]
02/02/2024

USDCHF Wave Analysis

USDCHF reversed from resistance level 0.8680 Likely to fall to support level 0.8460 USDCHF currency pair recently reversed down from the key resistance level 0.8680, former strong support from August and December. The resistance level 0.8680 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the sharp downward impulse […]