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AUDUSD in the green again today, close to its 4-month high Aggressive move higher from the October lows Momentum indicators potentially ready to signal a reversal AUDUSD is trying to register a strong green candle as it continues to trade above the key February 2, 2023 descending trendline. It has been an aggressive rally from […]

The post AUDUSD Bulls React to Yesterday’s Red Candle appeared first on Action Forex.

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07/08/2024

Market Analysis: GBP/USD Dives While EUR/GBP Gains Strength

GBP/USD started a fresh decline from the 1.2860 resistance zone. EUR/GBP is rising and might climb above the 0.8620 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below the 1.2800 support. There is a key bearish trend line forming with resistance near 1.2750 on the hourly chart […]
29/08/2024

EURCHF Wave Analysis

EURCHF broke support level 0.9400 Likely to fall to support level 0.9250 EURCHF currency pair is falling inside the minor impulse wave iii which started earlier from the pivotal resistance level 0.9550 (former support from April). The pair today broke the support level 0.9400 – which should add further pressure on this currency pair. Given […]
10/07/2024

UK Data Eyed as Pound Celebrates Labour Win

Monthly GDP and production figures for June on tap Strong data might hurt August rate cut expectations Pound flirts with $1.28 ahead of Thursday’s release (06:00 GMT) Uptick in GDP expected The UK economy got off to a solid start this year, emerging strongly from a technical recession in the second half of 2023. GDP […]