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Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of EURUSD Forex pair published in members area of the website. As our members know, EUR/USD is undergoing a three-wave pullback against the March 26th low. Recently, we forecasted the decline in the pair following a three-wave bounce. In […]

The post EURUSD Elliott Wave: Forming Double Three Pattern appeared first on Action Forex.

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18/11/2024

GBP/USD Nosedives While USD/CAD Regains Strength

GBP/USD started a fresh decline below the 1.2750 zone. USD/CAD is rising and might aim for more gains above the 1.4100 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a major decline from the 1.3000 resistance zone. There is a key bearish trend line forming with resistance at 1.2650 on […]
13/11/2024

EURGBP Wave Analysis

EURGBP reversed from long-term support level 0.8265  Likely to rise to resistance level 0.8365 EURGBP currency pair previously reversed up from the long-term support level 0.8265 (former powerful support from the start of 2022) coinciding with the lower weekly Bollinger Band. The upward reversal from the support level 0.8265 stopped the previous impulse wave 3. […]
10/07/2024

GBPAUD Holds Above Key Support Area

GBPAUD consolidates above key support zone RSI and MACD detect negative momentum But a break below 1.8900 is needed to darken the outlook A rebound above 1.9350 may invite more bulls GBPAUD has been trading in a consolidative manner lately staying above the key support area of 1.8900, which prevented the bears from drifting south […]