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EURAUD reversed from support zone Likely to rise to resistance level 1.6350 EURAUD currency pair previously reversed from support area set between the pivotal support level 1.6020 (which has been reversing the pair from the end of June) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese […]

The post EURAUD Wave Analysis appeared first on Action Forex.

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08/08/2024

AUD/USD Outlook: Initial Reversal Signal Developing on Daily Chart

AUDUSD regained strength and advanced on Thursday, offsetting negative impact from Wednesday’s strong upside rejection under the base of rising daily cloud. Several signals point to basing attempts and formation of reversal pattern on daily chart, such as Monday’s Hammer candle with long tail and a bear-trap. Hammer is also forming on weekly chart, while […]
22/08/2024

US Dollar Index (DXY) Tumbles as BLS Revises Job Growth Downward, Rate Cuts Loom

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08/01/2024

AUD/USD: Bears Regaining Traction after Friday’s Pause

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