Short Term Elliott Wave in AUDJPY suggests rally from 6.4.2024 low is in progress as a 5 waves impulse structure. Up from 6.4.2024 low, wave 1 ended at 104.8 and pullback in wave 2 ended at 103.57. Internal subdivision of wave 2 unfolded as a zigzag where wave ((a)) ended at 103.6, wave ((b)) ended […]
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Summary The September CPI report came in slightly hotter than expected, but not enough to meaningfully change the outlook for U.S. inflation. Headline CPI rose 0.2% in the month, while excluding food and energy prices Read more…
The AUD/USD pair has halted its nearly continuous seven-day decline, stabilising around 0.6730 on Thursday. This level marks the monthly low for the Australian dollar, which has faced significant pressures lately due to a strengthening Read more…
Daily Pivots: (S1) 1.0920; (P) 1.0956; (R1) 1.0975; More…. Intraday bias in EUR/USD stays on the downside for the moment. Sustained break of 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall Read more…