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Steep fall extends into the ninth consecutive day and accelerated on Thursday (down 0.85% in Asian / European session), hitting the lowest levels since early May and being on track for the biggest weekly loss since mid-June 2023. Break of 0.6580 pivot (200DMA/ 50% retracement of 0.6362/0.6798) accelerated existing downtrend through next key supports at […]

The post AUD/USD Outlook: Steep Downtrend Breaks Below the Base of Thick Daily Cloud appeared first on Action Forex.

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Elliott Wave Analysis: USDCAD Turning Upside from Sideways

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19/09/2024

Brent Crude Oil Rebounds Amid Monetary Easing and Market Dynamics

Brent crude oil has regained its upward momentum, climbing towards 73.63 USD, following a recent decline triggered by comments from US Federal Reserve Chairman Jerome Powell. In his statement, Powell indicated that the Fed would be cautious about further easing monetary conditions, emphasizing that the rate cut schedule should not be seen as a definitive […]
02/09/2024

News of the Week (September 2—September 6): USDCAD Trading Focus

USDCAD is setting up for significant market moves—stay alert! The USDCAD pair, often referred to by traders as the “Loonie,” reflects the exchange rate between the US and Canadian dollars. This pair is a vital indicator of the economic ties between the United States and Canada. The US Dollar is primarily influenced by US economic […]
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GBPAUD Wave Analysis

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