Logo-color Logo-white

EURAUD reversed from support level 1.6155 Likely to rise to resistance level 1.6465 EURAUD recently reversed up from the key support level 1.6155 (which reversed the price multiple times from the middle of December). The support level 1.6155 was strengthened by the lower daily Bollinger Band and by the support trendline of the weekly down […]

The post EURAUD Wave Analysis appeared first on Action Forex.

previous

S&P 500 Index Wave Analysis

next

NZD/JPY Price Analysis: Rises Sharply and Shifts Bullish After Reclaiming 90.00

Read More

03/04/2024

XAU/USD: Healthy Correction Likely to Precede Fresh Push Higher

Gold edges lower from new record high ($2288) in early Wednesday, as bulls show signs of fatigue after advancing over 5% in a steep acceleration in past six days. Although the metal resumed the uptrend in early April, after an impressive 9.3% rally in March, remaining strongly underpinned by growing signals of Fed’s first rate […]
02/08/2024

Bank of England Joins Central Bank Rate Cut Club

Summary The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today’s monetary policy announcement. The guidance from the BoE’s announcement was also somewhat cautious, for now likely arguing against a steady series of rate […]
30/05/2024

US: Q1 GDP Revised Slightly Lower, But Details Show Domestic Economy Still Strong 

The second estimate of first quarter real GDP growth was revised down 0.3 percentage points (pp) to 1.3% quarter-over-quarter (annualized) – bang-on the consensus forecast. Looking under the hood, downward revisions to consumer spending, private inventory investment, and federal spending were partly offset by upward revisions to state & local government spending and fixed investment. […]