Intraday Analysis 25.10.2024 – Orbex Forex Trading Blog

AUBANK completes a rare expanding triangle in wave (4), suggesting the next impulsive rally could target the 1138–1322 region as the broader bullish cycle continues. AU Small Finance Bank Ltd. (AUBANK) appears to have completed its cycle degree correction in wave II at 477.75. The stock then turned higher and started a new bullish cycle…

2024.10.14 2024.10.14 Yen to Take a Load Off. Forecast as of 14.10.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Japanese government’s verbal interventions have driven USDJPY 7% up from its September trough amid the strength of the U.S. economy. The officials are now gradually backing away from their attacks on the BoJ. Let’s discuss it and make a trading…

GBP/USD failed to climb above 1.3800 and corrected some gains. EUR/GBP is rising and might climb above the 0.8670 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below the 1.3700 support against the US dollar. There is a key bearish trend line forming with resistance near 1.3650…

Enough experience in the forex market can delude some traders into believing that they can fully predict price action. After all, if you have years of screen time under your belt and you’ve put in the 10,000 hours in developing your analytical skills, it can be tempting to assume that you know the markets inside…

Kenneth Fisher Market Analyst A highly experienced financial market analyst with a focus on fundamental analysis, Kenneth Fisher’s daily commentary covers a broad range of markets including forex, equities and commodities. His work has been published in several major online financial publications including Investing.com, Seeking Alpha and FXStreet. Based in Israel, Kenny has been a…