Hello traders, welcome to a new post on the Forex blog. In this article, we will look at the short-term Elliott wave analysis of AUDUSD. We believe that the forex pair is still in a bearish correction cycle since the end of September 2024. So the...
AUD/USD TECHNICAL ANALYSIS: On the AUD/USD D1 time frame, the AUD/USD currency pair is currently trading near the 0.6706 level as of Friday, showing interesting developments in its price action. When analyzing the daily chart, we can observe that...
The euro/US dollar exchange rate continued its downward trend following the European Central Bank's (ECB) interest rate decision on Thursday. Despite the ECB's decision to reduce its deposit facility and major refinancing rates by 25 basis points,...
Current analysis of EUR/USD points to a selling trend, with buyers unable to sustain control. The quotes is currently entrenched in a notable downtrend, largely influenced by the European Central Bank's recent monetary policy decisions and robust...
EUR/USD Price Movement Our conversation zeroes in on the ongoing live evaluation of the pricing of the EUR/USD currency pair. Following the daily descending trend, the next target for EUR/USD sellers is around the second level at 1.0852. However,...