Technical analysis of Forex market | Forex robots store

EUR/USD Breaks 1.1800 To Start Recovery

Key Highlights EUR/USD started an upside correction above 1.1750 and 1.1800. It broke a major bearish trend line with resistance near 1.1725 on the 4-hours chart. GBP/USD is still struggling to clear the 1.3800 resistance zone. The Euro Zone Consumer...

AdminAug 30, 2021

Technical analysis of Forex market

Powell Underwhelming US Dollar, EUR/USD Levels to Watch

After 24 hours our hawkish Fed speakers, which seemed to be setting up Powell for the easy lay-up, Powell took a 180 degree turn and continued to talk about needing to reach maximum employment and and how inflation is transitory. ...

AdminAug 27, 2021

Technical analysis of Forex market

GBPJPY Lacks Bullish Signals Despite Rebound

GBPJPY has been in recovery mode this week, partially erasing last week’s losses thanks to the bounce on the long-term dashed ascending trendline, which has been supporting the market since the 2020 freefall. The 38.2% Fibonacci retracement of the latest...

AdminAug 27, 2021

Technical analysis of Forex market

EUR/USD Outlook: The Pair Broke The Key 1.1750 Resistance Zone To Move Into A Short-Term Bullish Zone

The Euro started a recovery wave above the 1.1720 resistance zone against the US Dollar. The EUR/USD pair broke the key 1.1750 resistance zone to move into a short-term bullish zone. The pair traded as high as 1.1778 before it...

AdminAug 27, 2021

Technical analysis of Forex market

USDCAD Gains On Trendline Support

USDCAD stepped decisively on the ascending trendline, which has been supporting the market since the drop to a 3 ½-year low of 1.2006 in May, and drifted northwards to hit resistance within the 1.2680 – 1.2700 zone. The cheerful upside...

AdminAug 27, 2021

Technical analysis of Forex market

EUR/USD Outlook: Near-Term Directionless Mode Extends

The Euro is slightly bid in early Friday but lack of firmer signals keeps near-term action directionless for the third straight day. All eyes are on the speech of Fed Chair Powell, due later today, as traders look for hints...

AdminAug 27, 2021

Technical analysis of Forex market

US 30 Recoups Previous Losses

The Dow Jones index pulls back as traders await updates from the Fed’s Jackson Hole meeting. Price action’s V-shaped rebound is typical of buying-the-dips from the demand zone near 34600. By lifting offers around 35450 the bulls have signaled their...

AdminAug 27, 2021

Technical analysis of Forex market

AUD/USD Rebound Cools Off

The Australian dollar fell back after a drop in July’s retail sales numbers. A close above 0.7270 has forced sellers to cover their bets. The pair is recovering towards the 30-day moving average on the daily chart which coincides with...

AdminAug 27, 2021

Technical analysis of Forex market

USD/JPY About To Test Resistance

The Japanese yen weakened after a lower-than-expected Tokyo CPI in August. The US dollar is grinding its way back up after the mid-month correction. A double test at 109.50 suggests strong buying interest. Layers of support indicate buyers’ willingness to...

AdminAug 27, 2021

Technical analysis of Forex market

WTI Oil Futures Rebound Stumbles at 68.00; Upside May Be Over

WTI oil futures are struggling to maintain their positive momentum after meeting resistance in the 68.00 area. The rebound from Monday’s three-month low of 61.77 appears to be stalling with prices testing the 20-day moving average (MA) around 67.55 today....

AdminAug 26, 2021

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Category: Technical analysis of Forex market

EUR/USD Breaks 1.1800 To Start Recovery

Powell Underwhelming US Dollar, EUR/USD Levels to Watch

GBPJPY Lacks Bullish Signals Despite Rebound

EUR/USD Outlook: The Pair Broke The Key 1.1750 Resistance Zone To Move Into A Short-Term Bullish Zone

USDCAD Gains On Trendline Support

EUR/USD Outlook: Near-Term Directionless Mode Extends

US 30 Recoups Previous Losses

AUD/USD Rebound Cools Off

USD/JPY About To Test Resistance

WTI Oil Futures Rebound Stumbles at 68.00; Upside May Be Over

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