TAG: AUD
Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and the US dollar index
GBP/USDAnalysis:Since July last year, the main direction of price movement in the GBP/USD pair has been determined by a descending wave algorithm. Its structure is developing as a corrective type, resembling a "pennant." The unfinished section started cou...
6 months ago
Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the US Dollar Index on April 15th
GBP/USDAnalysis:On a large scale, a bearish trend has been forming in the price chart of the pound since July last year. In the wave structure, the entire month has seen the development of the final part (C). Quotes have reached the upper boundary of the...
6 months ago
Dollar Dominance: A Stronghold Amidst Global Uncertainty
The US Dollar continues its triumphant ascent as the US economy flexes its muscles against its G10 counterparts. Riding on the waves of changing short-term yield differentials, the Greenback finds itself in a favorable position, bolstered further by geopo...
6 months ago
AUD/USD: Australian dollar remains under pressure
The absence of significant macroeconomic reports from Australia suggests that the Australian dollar will keep trading in sync with the market, primarily reacting to the news from the United States and the dollar's dynamics.The first rate cut by the RBA is...
6 months agoBitcoin Forecast: Correction and Price Drop Underway
The price of Bitcoin rebounded from the supporting level of 60000 and formed the price range. It might potentially break through this support and enter a very strong resistance area formed between levels 69000 and 73800. After that, the price of this asse...
5 months ago
Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and US dollar index on April 22nd
GBP/USDAnalysis:The daily chart scale of the major pair of the British pound since last summer demonstrates the formation of a horizontal descending correction. By now, quotes have reached the boundaries of a strong potential reversal zone. The wave struc...
5 months ago
Weekly forecast based on simplified wave analysis of GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and US dollar index on May 6th
GBP/USDAnalysis:The daily chart scale of the British pound shows that within the dominant descending plane of recent months, an intermediate retracement is forming in the final part (C). The unfinished segment in the upward direction dates back to April 2...
5 months ago
RBA Meeting Preview: No change to policy expected, markets look for fresh guidance
The Reserve Bank of Australia is expected to keep interest rates unchanged at 4.35% when it meets on Tuesday, June 18th, 2024, at 2:30 PM (AEST).The Australian economy sputters, but inflation remains above the RBA’s targetThe Australian economy is plagued...
2 months ago
AUD/USD analysis: Focus turns to GDP data after unexpected CPI rise
Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.Monthly CPI indicator signals sticky inflationAustralia’s monthly CPI indic...
2 months ago
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, EUR/CHF, and US Dollar Index on August 5
GBP/USDAnalysis: The major pair of the British pound continues its upward movement on the price chart. The structure of the trend wave at the time of analysis is not completed. Since mid-July, the pair's price has moved sideways from the resistance zone,...
2 months ago
Aussie Soars on Hawkish RBA Guidance
Aussie Rallies Following CommentsThe Aussie Dollar is trading firmly higher today on the back of comments from the RBA governor this morning. Bullock warned that the RBA won’t refrain from hiking rates again if needed. Her comments come just days after th...
2 months ago
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, Ethereum, and US Dollar Index on August 12
GBP/USDAnalysis: Since autumn of last year, the direction of the British pound has been guided by a bullish trend. In the short term, the price has been declining throughout the last month. However, it is important to note that this wave is correcting the...
2 months ago
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, Ethereum, and US Dollar Index on August 19
GBP/USDAnalysis:The major pair of the British pound continues its upward movement, which began at the start of this month. The price has broken through intermediate resistance, opening the way for further growth. Before the trend continues, it is necessar...
1 month ago
Aussie Holds At Highs After CPI Data
CPI Cools, But Less Than ForecastThe Aussie Dollar is back in the spotlight today following the latest Australian CPI data overnight. Consumer inflation was seen cooling to 3.5% last month, down from 3.8% prior though a touch above the 3.4% the market was...
1 month ago