Logo-color Logo-white

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 […]

The post USDCHF Selling The Pair At The Blue Box Area appeared first on Action Forex.

previous

Risk is Fed Powell Doesn’t Want to Sound Too Hawkish

next

WTI Wave Analysis

Read More

10/10/2024

After Some Hesitation, Dollar Gradually Regaining Traction

Markets Yesterday’s risk-on sentiment, Fed comments and the release of the Minutes of the Fed September meeting all contributed to a gradual, but protracted intraday uptrend in US yields. They closed higher between 7.1 bps (5-y) and 4.7 bps (30-y). Fed comments (Daly, Logan) suggest most governors see inflationary pressures receding while risks to employment […]
17/05/2024

Australian Dollar Hits 4-month High

The Australian dollar is lower on Friday. AUD/USD is currently trading at 0.6658 in the European session, down 0.31% on the day. The Aussie touched a high of 0.6714 on Thursday, its highest level since January 10th. This followed a massive 1% surge on Wednesday after the US inflation report indicated that April CPI ticked […]
24/05/2024

Cliff Notes: Consumers and Central Banks Seek Confidence

Key insights from the week that was. In Australia, Westpac-MI Consumer Sentiment is still yet to show any material signs of recovery. In May, the headline index remained locked in deeply pessimistic territory, moving 0.3% lower to 82.2. The latest update captured consumer reactions to the Federal Budget, which included a number of cost-of-living relief […]