Short Term Elliott Wave view in GBPUSD suggests the rally to 1.3749 Ended wave (B). Pair has turned lower in wave (C) with internal subdivision as a 5 waves impulse structure. Down from wave (B), wave (i) ended at 1.3698, and rally in wave (ii) ended at 1.3743. Pair then extends lower in wave (iii) […]
The post Elliott Wave View: GBPUSD Rally May Fail in 3 Waves appeared first on Action Forex.
EURJPY in the fourth week of losses Short-term bias skewed to the downside Next stop could be near 158.00 EURJPY is set to post its fourth consecutive negative week, having retraced more than half of Read more…
The final trading week of November may prove to be the worst this month for the US dollar. Following the release of Chicago PMI data and the US Q3 GDP report, USD/JPY and USD/CAD have Read more…
Markets Multiple US data, including the closely watched PCE deflators, yesterday didn’t stop the recent correction on the Trump-trade. The headline (0.2% M/M and 2.3% Y/Y from 2.2%,) and core PCE measures (0.3% M/M and Read more…