The current chart of the USDCNH currency pair shows the development of the correction pattern – the primary zigzag Ⓐ-Ⓑ-Ⓒ. This primary construction today looks completed in two parts out of three. The last bullish wave Ⓒ seems to take the form of an intermediate 5-wave impulse (1)-(2)-(3)-(4)-(5). It is possible that the last intermediate […]
The post USD/CNH: We Expect a Second Rise to the Maximum of 7.268 appeared first on Action Forex.
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Daily Pivots: (S1) 1.6095; (P) 1.6208; (R1) 1.6286; More… Intraday bias in EUR/AUD remains on the downside as down trend continues for 161.8% projection of 1.8554 to 1.7245 from 1.8160 at 1.6042. Firm break there Read more…
Daily Pivots: (S1) 0.8611; (P) 0.8635; (R1) 0.8649; More… EUR/GBP’s fall from 0.8788 is still in progress and intraday bias stays on the downside. Firm break of 0.8611 will resume the whole decline from 0.8863, Read more…