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Author Archives: Forex Crunch

Elliott Wave Analysis on AUDUSD and Silver

AUDUSD AUD may turn bearish against the buck, but a recent pattern suggests another wave up to a new high, before the bears may step in. Notice that we are tracking an ending diagonal very closely; it’s a powerful reversal pattern with slow and overlapping price waves that causes a strong ...

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GBP/USD: En-Route To 1.46-1.48 – Nordea

The British pound is showing extraordinary resilience and continues marching forward despite Brexit fears. This could extend: As oil prices recovered and equity prices rose, the GBP appreciated as expected. Thus the thesis that global factors predominate has been justified so far. Note ...

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EUR/GBP: Market Poll?

The Bank of England decided to leave its current policy unchanged at the most recent Monetary Policy Committee meeting of 14 April. The BOE remained focused on the British economy. The statement referred to low food and energy prices which the bank expects...

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