Technical analysis of Forex market

AUD/USD Outlook: Aussie Extends Weakness as Trade Optimism Fades

The Australian dollar fell to two-week low against its US counterpart on Wednesday, extending weakness into fourth straight day and breaking through important Fibo support at 0.6830 (38.2% of 0.6670/0.6929) ...
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Gold Price Moves Further Into The Red Zone

Key Highlights Gold price is declining and it recently traded below $1,460 against the US Dollar. A key bearish trend line is forming with resistance near $1,462 on the 4-hours ...
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USD/JPY Looks Ready for a Pickup in Volatility

Over the last two days the FX markets have been fairly quiet as they wait for the next catalyst to offer some direction. However, it’s not just been the last ...
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EUR/GBP Outlook: Bias Remains With Bears Despite Failure To Close Below 3-Week Range Floor

The cross is consolidating above new multi-month low at 0.8557, posted on Monday, with near-term action being slightly underpinned by unexpected improvement in German ZEW figure (Nov -2.1 vs -13.2 ...
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GBP/USD Breaks Key Resistance But Can It Continue Higher?

Key Highlights The British Pound started a decent recovery above 1.2850 against the US Dollar. GBP/USD surpassed a key bearish trend line at 1.2835 on the 4-hours chart. UK’s GDP ...
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Crude Going Down Again

Early in another November week, the oil market is going down againб but it is evident that investors just can’t decide on a more promising direction on a global scale ...
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USDJPY 108.20 Possible

The US dollar is on the defensive against the Japanese yen currency as market sentiment remains cautious in early week trade. The USDJPY pair has found strong technical resistance from ...
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Market Morning Briefing: EUR-JPY Seems To Be Moving Lower And While Below 120.50

STOCKS The rally in the major indices seems to be losing steam. Dow has to sustain above 27600 in order to move higher. Nikkei, DAX, Sensex and Nifty looks vulnerable ...
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USD/CAD Outlook: Loonie Falls Further on Downbeat Canada’s Employment/Housing Data

The pair rose to new three-week high after downbeat Canada’s housing and employment data depressed loonie. Fresh advance (0.49% since Asian opening) broke important Fibo barrier at 1.3229 (61.8% of ...
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Silver Turns Bearish with Bears Pushing for Further Declines

Silver looks to be shifting to a bearish bias as it moves below the swing low of 16.85 from August 19. The commodity’s bearish state seems to be backed by ...
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XAU/USD Outlook: Bears Look For Extension Below $1459 Pivot As Thick Daily Cloud Weighs

Spot gold bounced from new five-week low, posted after 1.5% fall previous day, but recovery was so far limited and stalled at $1472, maintaining firm bearish tone. The yellow metal ...
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