Forex Analysis


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AUD/USD consolidates daily losses near 0.6750 ahead of key CPI data

The AUD/USD pair edged lower on Tuesday and touched its weakest level since mid-October at 0.6737 before staging a technical rebound in the second half of the day.

AUD/USD News

GBP/USD below 1.3000 ahead of BOE

The dollar continues to advance against all of its major rivals, getting an additional boost from upbeat CB Consumer Confidence. GBP/USD trading around 1.2980. BOE to have a monetary policy meeting this Thursday.

GBP/USD News

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EURUSD FORECAST CHART

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"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"

"Advisory Opinion, comprised of arguments and trade ideas which have been committed to publication and therefore have an influence on the trading public, are considered a sentiment indicator."

"Have you ever read news updates mentioning Elliott Wave yet you don’t have a clue what these mean for the Forex?"

"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."