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AUD/JPY Testing Key Support ahead of AU Data, Tokyo Olympics

Most of Wall Street (and beyond) will be focused on Q2 earnings reports over the next couple of weeks, but traders shouldn’t forget about the key macroeconomic releases on the calendar. On that front, next week brings a highly-anticipated ECB...

AdminJul 17, 2021

Technical analysis of Forex market

EUR/USD Pair Started A Decent Recovery Wave From 1.1780

The Euro found support near the 1.1775 zone after a steady decline against the US Dollar. The EUR/USD pair formed a base above 1.1780 and it started a decent recovery wave. It surpassed the 1.1800 resistance level, but it struggling...

AdminJul 16, 2021

Technical analysis of Forex market

GBPJPY Dips Back Below Ichimoku Cloud, Bearish Tone Persists

GBPJPY has been deteriorating for around a month-and-a-half now, logging lower highs and lows from its near 40-month peak of 156.06. The bullish charge in the 50- and 100-day simple moving averages (SMAs) is becoming slightly sluggish, with their slopes...

AdminJul 16, 2021

Technical analysis of Forex market

Oil Is Bearish As 280 Pips Have Been Secured

Oil has formed a 1-2-3 pattern and we might see further move down. I have secured 280 pips from my entry. Historical selling has been aligned with the now moment. 71.00 is major support now. If the price makes a...

AdminJul 16, 2021

Technical analysis of Forex market

EURUSD Close To Breakout

The euro currency remains depressed against the US dollar as the pair struggles to stage a meaningful rebound from the 1.1800 support level. At present levels the EURUSD pair is currently oncourse for its lowest weekly price close since late-March...

AdminJul 16, 2021

Technical analysis of Forex market

NZDUSD Bullish Above 0.7000

The New Zealand dollar is on the rise against the US dollar after the New Zealand inflation report came in much stronger than the market had been expecting. The four-hour time frame shows that the NZDUSD pair is trading inside...

AdminJul 16, 2021

Technical analysis of Forex market

XAU/USD Outlook: Dips To Provide Better Buying Opportunities $1800 Support Expected To Hold

Spot gold eases on Friday morning after larger bulls broke above pivotal 200DMA ($1826) but Thursday’s Doji candle signaled indecision. Dips are likely to provide better buying opportunities, as near-term structure is bullish, and the yellow metal remains attractive for...

AdminJul 16, 2021

Technical analysis of Forex market

GBP/USD Outlook: Clear Break Out Of Triangle To Provide Fresh Direction Signal

Cable probes below triangle support line in early Friday, after repeated rejections at the upper boundary of the pattern, signaled that bulls are lacking momentum, despite positive UK inflation data. Fresh weakness is mainly driven by strength of the dollar...

AdminJul 16, 2021

Technical analysis of Forex market

EURJPY Bounces on Support Base Formed in April

EURJPY has found footing for a second time in the vicinity of the support boundary of 129.56-129.78, formed by the lows in April. In spite of this, the simple moving averages (SMAs) are maintaining their bearish bearings, feeding the downward...

AdminJul 15, 2021

Technical analysis of Forex market

EURJPY Bounces on Support Base Formed in April

AdminJul 15, 2021

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Category: Technical analysis of Forex market

AUD/JPY Testing Key Support ahead of AU Data, Tokyo Olympics

EUR/USD Pair Started A Decent Recovery Wave From 1.1780

GBPJPY Dips Back Below Ichimoku Cloud, Bearish Tone Persists

Oil Is Bearish As 280 Pips Have Been Secured

EURUSD Close To Breakout

NZDUSD Bullish Above 0.7000

XAU/USD Outlook: Dips To Provide Better Buying Opportunities $1800 Support Expected To Hold

GBP/USD Outlook: Clear Break Out Of Triangle To Provide Fresh Direction Signal

EURJPY Bounces on Support Base Formed in April

EURJPY Bounces on Support Base Formed in April

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