Logo-color Logo-white

CADCHF reversed from resistance level 0.6490 Likely to support level 0.6410 CADCHF currency pair recently reversed down from the strong resistance level 0.6490 (former strong support from October) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 0.64879 stopped the previous minor correction ii. Given the predominant daily downtrend, CADCHF […]

The post CADCHF Wave Analysis appeared first on Action Forex.

previous

Could Silver Bulls Stage a Rebound?

next

EURAUD Wave Analysis

Read More

03/04/2024

EUR/USD Drifting as Eurozone Inflation Drops

The euro is showing little movement on Wednesday. In the European session, EUR/USD is trading at 1.0777, up 0.05%. Eurozone inflation ticks lower Inflation in the eurozone continues to decline. March CPI eased to 2.4% y/y, down from 2.6% in February and below of the market estimate of 2.6%. This matched November’s 28-month low and […]
17/07/2024

Platinum (PL) Looking to Extend Higher

Platinum (PL) is still looking to resume the next bullish cycle. The metal still needs to break above 1348.2 to confirm that the next leg higher has started. Below we updated the Monthly and Daily Elliott Wave chart for the metal. Platinum (PL) Monthly Elliott Wave Chart Monthly chart of Platinum above shows Grand Cycle […]
13/05/2024

Could Wednesday’s CPI Report Change Fed’s Rate Outlook?

US CPI inflation forecast to have eased a bit in April Retail sales to reveal the domestic demand’s strength Dollar might benefit from a strong inflation print but stocks could suffer The April CPI report will be released on Wednesday 12:30 GMT The aggressive deceleration in US inflation seen during 2022 has paused over the […]