EURJPY bounces back after 50-day SMA prevents decline But reverses lower again, finding support at descending trendline Momentum indicators are neutral-to-negative EURJPY has been sliding lower in the short term, following its rejection at 161.85 in late January. Despite its temporary rebound at the 50-day simple moving average (SMA), the pair has been on the retreat again, […]
Short Term Elliott Wave in USDCHF suggests pair ended the move down from 5.1.2024 high as wave (1) at 0.882. Wave (2) corrective rally is now in progress to correct cycle from 5.1.2024 high. Internal subdivision of wave (2) is unfolding as a zigzag Elliott Wave structure. Up from wave (1), wave ((i)) ended at […]
The post Elliott Wave Intraday Analysis Looking for USDCHF to Correct in Wave 2 appeared first on Action Forex.
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