Apparently, the internal structure of the DXY index shows the completion of the global corrective trend, which took the form of a triple zigzag consisting of five main cycle waves w-x-y-x-z. It is possible that the market has now begun the formation of the initial part of a new bearish trend. It is assumed that […]
The post DXY: Bears Continue to Push the Market Down appeared first on Action Forex.
Daily Pivots: (S1) 0.7180; (P) 0.7204; (R1) 0.7225; More… Intraday bias in AUD/USD is turned neutral first with current extended retreat. Further rise will remain in favor as long as 0.7101 support holds. On the Read more…
Dollar is rising as risk aversion creeps back into global markets as the US–Iran ceasefire comes under increasing strain. Developments over the past 48 hours suggest the fragile truce is under mounting pressure, raising the Read more…
The RBA has made one thing clear: it is not done yet. By lifting the cash rate to 4.35%, with the decision backed by an 8–1 majority, and signaling a path toward 4.7% by the Read more…