Logo-color Logo-white

EURGBP reversed from resistance level 0.8300 Likely to fall to support level 0.8225 EURGBP currency pair recently reversed down from the key resistance level 0.8300 (former strong support from October) intersecting with the 61.8% Fibonacci correction of the downward impulse from November. The downward reversal from the resistance level 0.8300 continues the active short-term impulse […]

The post EURGBP Wave Analysis appeared first on Action Forex.

previous

Fed to Likely Cut Rates, But a Pause May Be Around the Corner

next

Elliott Wave View: Bitcoin (BTCUSD) Has Reached Inflection Area

Read More

26/08/2024

AUDUSD Wave Analysis

AUDUSD approached key resistance level 0.6795 Likely to rise to resistance level 0.6865 AUDUSD currency pair just approached the key resistance level 0.6795 (which stopped the previous minor correction 2 at the start of July) standing above the upper daily Bollinger Band. The subsequent price behavior near the resistance level 0.6795 will affect how this […]
15/04/2024

USDJPY Rallies to Another Fresh 34-Year High

USDJPY surpasses 154.00 Round numbers to be watched Stochastics indicate overstretched market USDJPY is surging to another multi-year high above the 154.00 round number, adding 0.8% so far today. The technical oscillators are holding in overbought regions. The RSI is suggesting that more gains may be on cards; however, the stochastic oscillator is indicating an […]
10/01/2025

USDCAD Wave Analysis

USDCAD reversed from support zone Likely to rise to resistance level 1.4450 USDCAD currency pair recently reversed up from the support zone located between the support level 1.43000, 20-day moving average and the support trendline of the sharp daily up channel from September. This support zone was further strengthened by the 38.2% Fibonacci correction of […]