EUR/AUD’s late decline last week indicates that recovery from 1.6134 has completed at 1.6513 already. Initial bias is now on the downside this week for 1.6134 first. Firm break there will resume whole fall from 1.6785, and target 100% projection of 1.6785 to 1.6134 from 1.6513 at 1.5862. On the upside, above 1.6296 minor resistance […]
The post EUR/AUD Weekly Outlook appeared first on Action Forex.
Japan’s household spending declined for the fourth consecutive month in November, falling -0.4% yoy. While this was an improvement from October’s -1.3% drop and surpassed expectations of -0.8%, it still reflects ongoing consumer caution. The Read more…
Key Highlights USD/JPY started a consolidation phase above the 156.20 support. A short-term rising channel is forming with support at 157.10 on the 4-hour chart. GBP/USD accelerated losses below the 1.2350 support. AUD/USD and NZD/USD Read more…
Short Term Elliott Wave view in Gold (XAUUSD) suggests rally from 11.14.2024 low is unfolding as a 5 waves impulse. Up from 11.14.2024 low, wave (1) ended at 2721.41 and pullback in wave (2) ended Read more…