Logo-color Logo-white

Short Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 8.8.2024 low is in progress as a 5 waves impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 ended at 27.69. Wave 3 higher ended at 32.95 and pullback in wave 4 ended at 30.12. The metal extends […]

The post Short Term Elliott Wave in Silver (XAGUSD) Looking to Turn Higher appeared first on Action Forex.

previous

USD/JPY Tests Key Support: Will It Bounce Back?

next

Amazon Beats, Focus on US Big Oil and Jobs Data

Read More

19/02/2024

EURJPY Price Action and Technical Analysis Overview

Talking Points: FOMC January 31st, 2024, Meeting Minutes. Technical Analysis EUR/JPY 8-Hour chart Commitment of Traders Report – EUR/JPY OANDA’s Position Ratio Indicator FOMC January 31st, 2024, Meeting Minutes This Wednesday, markets await the FOMC minutes for their latest meeting on January 31st, 2024; it is not expected that there will be any significant surprises […]
28/11/2024

NZDUSD: Temporary Bounce Rather Than Return to Growth

The Reserve Bank of New Zealand (RBNZ) cut its key interest rate by 50 basis points to 4.25%, bringing the total number of cuts in this cycle to 125. The move was in line with average market forecasts, although it represents a higher rate of normalisation than the G10 club of major developed market currencies. […]
13/11/2024

Dollar Index Outlook: Bulls Reduce Speed Ahead of US Inflation Data

The Dollar index keeps firm tone and holding above former top 105.79 but near term action turned to the quiet mode in early Wednesday, ahead of key economic event today – US inflation data. Recent strong bullish acceleration after the dollar was lifted by US election results (so-called Trump trades) has slowed, as markets look […]