Daily Pivots: (S1) 1.6212; (P) 1.6283; (R1) 1.6345; More… EUR/AUD’s rebound from 1.6002 short term bottom is expected to continue to 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there will strengthen the case that whole corrective fall from 1.7180 has completed with three waves down to 1.6002. Further rally should then be seen […]
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ECB Governing Council member François Villeroy de Galhau indicated today that a rate cut is “very probable” at the upcoming meeting next week. Speaking on Franceinfo radio, Villeroy emphasized that this move “won’t be the Read more…
NZDUSD continues the bearish correction Technical oscillators are mixed NZDUSD plunged significantly after the RBNZ’s decision to cut interest rates by 50 bps. The pair remained closed to the 0.6100 round number and is holding Read more…
Short Term Elliott Wave View in GBPJPY suggests that cycle from 9.11.2024 low is currently in progress as a zigzag. Up from 9.11.2024 low, wave A ended at 195.97. Pullback in wave B also unfolded Read more…