Logo-color Logo-white

GBPAUD reversed from key support level 1.9135 Likely to rise to resistance level 1.9400 GBPAUD currency pair recently reversed up from the key support level 1.9135, which reversed the price sharply in April. The support level 1.9135 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the previous sharp […]

The post GBPAUD Wave Analysis appeared first on Action Forex.

previous

Silver: A Possible Long Road Down

next

Focus Turns to Fed

Read More

12/12/2023

US CPI Data: Dollar Down As Rate Uncertainty Sustains Volatility

As the clock ticks towards 13:30 GMT, financial markets are bracing for the release of the Consumer Price Index (CPI) data for November, a pivotal metric that provides a snapshot of the current state of the United States economy. The CPI measures the average change over time in the prices paid by urban consumers for […]
29/02/2024

EURAUD Flies to 3-Month High

EURAUD penetrates the downtrend line RSI and stochastic suggest bearish correction EURAUD skyrocketed to a new three-month high of 1.6693 during yesterday’s session, penetrating the long-term descending trend line to the upside. Currently, the pair is weakening its momentum and something reflected in the technical oscillators as well. The RSI is pointing down above the […]
09/10/2024

Oil’s Short-Term Risks Remain Tilted to the Upside

Chinese authorities think that the country could achieve its 5% growth target with the stimulus measures that have already been announced, but investors not much so. On the contrary, the investor community was expecting that the government would announce a fiscal package of as much as 3 trillion yuan to complement the latest monetary measures […]