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Since our last publication, the price actions of the GBP/USD have rallied and hit the lower limit of the first medium-term resistance zone of 1.3400/3505 (printed an intraday high of 1.3434 on 26 September). A flip of BoE’s less dovish stance to “outright” dovish Since the Bank of England (BoE) first interest rate cut of 25 […]

The post GBP/USD Technical: Potential Bullish Reversal after 4-Week Slide as US CPI Looms appeared first on Action Forex.

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17/10/2024

USDCHF Wave Analysis

USDCHF broke resistance zone Likely to rise to resistance level 0.8730 USDCHF currency pair recently broke the resistance zone between the resistance level 0.8600 (which stopped the previous impulse wave 3) and the 61.8% Fibonacci correction of the downward impulse from August. The breakout of this resistance zone accelerated the minor impulse wave 5 of […]
09/07/2024

DAX Elliott Wave: Buying the Dips at the Blue Box Area

Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of DAX published in members area of the website. As our members know DAX is showing impulsive bullish sequences and we are keep favoring the long side. Recently we got a 3 waves pull back that has […]
30/05/2024

GBPUSD Wave Analysis

GBPUSD reversed from resistance level 1.2800 Likely to fall to support level 1.2675 GBPUSD currency pair recently reversed down from the key resistance level 1.2800, which has been repeatedly reversing the price from December. The downward reversal from the resistance level 1.2800 is likely to form the daily Japanese candlesticks reversal pattern Evening Star Doji. […]