Logo-color Logo-white

AUDUSD battles with 50-day SMA Stochastics point north but RSI flattens AUDUSD had a bullish start on Thursday, with the price flirting with the 50-day simple moving average (SMA) at 0.6670. Momentum signals are neutral-to-bullish, with the RSI appearing to be heading south, while the stochastic oscillator has reversed higher after the bullish crossover within its %K […]

The post AUDUSD Remains Above 200-day SMA appeared first on Action Forex.

previous

Euro Flat Ahead of ECB Decision

next

EUR/USD Outlook: EUR/USD Awaits ECB’s Verdict

Read More

22/04/2024

Bitcoin (BTCUSD) Buying the Dips After Elliott Wave Double Three

Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Bitcoin BTCUSD published in members area of the website. Our members are aware of the numerous positive trading setups we’ve had in the crypto market recently. One of them is BTCUSD, which experienced a pullback, […]
20/03/2024

Gold Technical: A Potential Minor Corrective Pull-back in Play as FOMC Looms

Gold (XAU/USD) has traded in a tight range of 2% in the past two weeks after it printed a fresh all-time high of US$2,195 on 8 March. The biggest risk event for today will be the latest Fed FOMC’s dot plot projection on the trajectory of its Fed funds rate; a reduction to two cuts […]
15/03/2024

Euro Stabilizes, ECB Starts Talking Rate Cuts

The euro is steady on Friday, after sustaining sharp losses a day earlier due to the US inflation report. In the North American session, EUR/USD is trading at 1.0893, up 0.09%. ECB members signal rate cuts coming The European Central Bank maintained the deposit rate at 4.0% for a fourth straight time at last week’s […]