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Market picture The cryptocurrency market did not find the strength to accelerate and rolled back almost 2.3% on the day to $2.6 trillion, but that is still a gain of 3.5% in seven days. In other words, the market is holding on to its uptrend but needs drivers for further movement. The US CPI report, […]

The post Crypto Market Looking for Triggers appeared first on Action Forex.

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GBP/USD Recovers While EUR/GBP Dips to Support

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AUDCAD Rebounds Strongly from Uptrend Line

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19/06/2024

AUDUSD Wave Analysis

AUDUSD reversed from key support level 0.6580 Likely to rise to resistance level 0.6700 AUDUSD currency pair recently reversed up from the key support level 0.6580 (which has been reversing the price from the start of May) coinciding with the lower daily Bollinger Band. The support level 0.6580 was further strengthened by the 38.2% Fibonacci […]
16/04/2024

GBP/USD Dips After Weak Employment Data

The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%. UK job growth slides, unemployment rises The UK employment report was weaker than expected. Job growth took a hard hit in the three months to February as […]
02/02/2024

USDCHF Selling The Pair At The Blue Box Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of USDCHF published in members area of the website. As our members know, the pair is bearish against the 0.9246 pivot. Our team recommended members to avoid buying , while keep favoring the short side in […]