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Daily Pivots: (S1) 1.7689; (P) 1.7769; (R1) 1.7824; More… Intraday bias in EUR/AUD remains neutral and more consolidations could be seen below 1.7929. On the upside, above 1.7929 will resume the rebound from 1.7588 to retest 1.8155. However, sustained break of 61.8% retracement of 1.7245 to 1.8155 at 1.7593, will resume the fall from 1.8155 […]
The post EUR/AUD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 198.39; (P) 199.09; (R1) 199.59; More… Intraday bias in GBP/JPY remains on the downside. Fall from 201.24 short term top should continue to 197.93 support. Firm break there will argue that whole rise from 184.35 has completed too and target 195.01 support next. For now, risk will stay on the downside as […]
The post GBP/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 173.17; (P) 173.80; (R1) 174.20; More… Intraday bias in EUR/JPY stays on the downside for the moment. Fall from 175.03 short term bottom is in progress for 55 D EMA (now at 172.24). Sustained break there will argue that whole five-wave rally from 154.77 has also completed. On the upside, above 174.39 […]
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Trading was relatively subdued in Asia today, with China and Hong Kong closed for holidays and little reaction seen across the rest of the region. Equity markets were mixed, reflecting a cautious tone after Wall Street managed to end slightly higher overnight despite a fresh government shutdown in the US. Gold edged to another record […]
The post Yen Stays Firm on Tankan Resilience, Broader Markets Subdued appeared first on Action Forex.
The short-term Elliott Wave analysis for Gold (XAUUSD) indicates that the cycle starting from the September 18, 2025 low is unfolding as a five-wave impulse. From that low, wave (i) advanced to $3647.32, followed by a corrective wave (ii) that concluded at $3631.94. Gold then surged in wave (iii) to $3759.16, with a subsequent dip […]
The post Gold (XAUUSD) Soars to All-Time Highs: Elliott Wave Outlook and Next Target appeared first on Action Forex.
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