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AUDUSD tests support area near 200-day SMA Short-term bias remains on the negative side AUDUSD has been on a downward slide again, marking its fourth consecutive week in the red. It recently dipped to a two-month low of 0.6612 but held above the 200-day simple moving average (SMA) and the constraining falling line from February […]

The post AUDUSD: Will September’s Bullish Vibes Return? appeared first on Action Forex.

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25/03/2024

EUR/USD At Risk of Downside Break To 1.0650

Key Highlights EUR/USD started a fresh decline from the 1.0950 resistance zone. It traded below a key contracting triangle with support at 1.0840 on the 4-hour chart. GBP/USD declined heavily below the 1.2750 support. Gold prices are consolidating gains above the $2,120 level. EUR/USD Technical Analysis The Euro failed to continue higher above the 1.0950 […]
20/03/2024

GBP/USD Dips as UK Inflation Lower Than Expected

The British pound has extended its losses on Wednesday. In the European session, GBP/USD is trading at 1.2695, down 0.21%. The pound has been on a slide and is down about 1.2% since March 13. UK inflation falls by 3.4% Households in the UK haven’t had much to smile about when it comes to the […]
17/07/2024

Dollar Index (DXY) Elliott Wave Calling the Decline After 3 Waves Bounce

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 […]