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EUR/USD Pair Is Now Attempting A Recovery From The 1.1562 Low

The Euro started a fresh decline from well above 1.1700 against the US Dollar. The EUR/USD pair traded below the 1.1650 and 1.1620 support levels. The pair even declined below the 1.1600 zone and settled below the 50 hourly simple...

AdminOct 1, 2021

Technical analysis of Forex market

USD/CAD Bounces Off Support

On Thursday, the US Dollar declined by 88 pips or 0.69% against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern during yesterday’s trading session. Given that the support level of 1.2580 holds, bullish...

AdminOct 1, 2021

Technical analysis of Forex market

NZD/USD Nosedives Below 0.7000, Dollar Rallies

Key Highlights NZD/USD started a major decline below the 0.7000 support. It broke a declining channel with support near 0.6950 on the 4-hours chart. EUR/USD declined below 1.1650, and GBP/USD accelerated lower towards 1.3400. The US Gross Domestic Product could...

AdminSep 30, 2021

Technical analysis of Forex market

Gold Is Bearish But Watch For 1712-23 Zone

Gold is bearish below 1750. The price is below the important level 1750 but getting close to another support. The support 1712-1723 is critical. If the price breaks below 1712 we should see a retest of 1675. Bulls might try...

AdminSep 30, 2021

Technical analysis of Forex market

AUDUSD Bounces Off 1-Month Low Below 0.72

AUDUSD has been underperforming in the past two days, diving to a one-month low of 0.7172 and remaining below the Ichimoku cloud and the short-term simple moving averages (SMAs). However, today, the price is ticking up again with the RSI...

AdminSep 30, 2021

Technical analysis of Forex market

NZDUSD Starts New Bearish Cycle Within Channel

NZDUSD embarked itself on a new bearish cycle after the bulls got defeated once again near the tough resistance trendline drawn from February’s four-year high of 0.7463. The 0.7000 level could not catch the fall this week, with the price...

AdminSep 29, 2021

Technical analysis of Forex market

US Dollar Index (DXY) Reaches New 2021 Highs

The US Dollar Index (DXY) had been on a nice run since early September leading into last week’s FOMC statement. Although Powell and gang appeared to be on the more hawkish side, the DXY had sold off on what seemed...

AdminSep 29, 2021

Technical analysis of Forex market

USD/CAD Likely To Break Channel Pattern

On Tuesday, the US Dollar surged by 98 pips or 0.78% against the Canadian Dollar. The currency pair tested the upper boundary of a descending channel pattern during yesterday’s trading session. Everything being equal, the exchange rate could continue to...

AdminSep 29, 2021

Technical analysis of Forex market

GBPUSD Steering Forces Feeble Around Support Base

GBPUSD is consolidating in the proximity of the support foundation of 1.3564-1.3621, which has defended the positive structure from the beginning of February. The converging simple moving averages (SMAs) are currently lacking a clear direction in trend. Furthermore, the short-term...

AdminSep 28, 2021

Technical analysis of Forex market

Two Trades To Watch: EUR/USD, Gold

EUR/USD looks to Lagarde & Powell EUR/USD is edging lower, extending losses in the previous session after the USD traced treasury yields higher and the Euro fretted over lengthy coalition talks in Germany. Today German GFK consumer confidence came in...

AdminSep 28, 2021

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Category: Technical analysis of Forex market

EUR/USD Pair Is Now Attempting A Recovery From The 1.1562 Low

USD/CAD Bounces Off Support

NZD/USD Nosedives Below 0.7000, Dollar Rallies

Gold Is Bearish But Watch For 1712-23 Zone

AUDUSD Bounces Off 1-Month Low Below 0.72

NZDUSD Starts New Bearish Cycle Within Channel

US Dollar Index (DXY) Reaches New 2021 Highs

USD/CAD Likely To Break Channel Pattern

GBPUSD Steering Forces Feeble Around Support Base

Two Trades To Watch: EUR/USD, Gold

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