Logo-color Logo-white

AUDCAD reversed from support zone Likely to rise to the resistance level 0.9150 AUDCAD recently reversed up from the support area between the support level 0.9020 (which reversed the price at the start of August) and the lower daily Bollinger Band. The upward reversal from the support level 0.9020 stopped the C-wave of the previous […]

The post AUDCAD Wave Analysis appeared first on Action Forex.

previous

Germany 30 Technical: A Potential Bearish Reversal Looms

next

Cliff Notes: Nerves Show on the Outlook

Read More

12/06/2024

Fed Can End US Indices’ Divergence

The US indices, S&P500 and Nasdaq100, closed at new all-time highs, largely due to Apple’s positive performance. However, other markets and indices are far from similarly positive. This both leaves room for growth and indicates investor wariness. The Nasdaq100 index is above 19200, adding 0.7% over the last day and adding 16.1% YTD. Futures are […]
05/06/2024

AUD Shrugs as Australian GDP Misses Estimate

After starting the week with sharp swings, the Australian dollar is showing little movement on Wednesday. AUD/USD is trading at 0.6644 in the European session, down 0.06% on the day. Australian GDP posts 0.1% growth Australia’s GDP was a disappointment, with a gain of just 0.1% q/q in the first quarter. This was lower than […]
06/02/2024

Several Interest Rates, Both in US and EMU Testing or Nearing Top of Sideways Range

Markets Since last week’s Fed meeting, the combination of Fed speak and strong US data squeezed investors out of early easing bets and this move simply continued yesterday. The CBS 60 Minutes interview with Fed Chair Powell on Sunday (off script indication of first cut in June?) still resonated. Minneapolis Fed Kashkari reinforced Powell’s message […]