Technical analysis of Forex market

EURJPY Looks To Recover Further Higher Towards 125.08 Zone

EURJPY looks to recover further higher towards 125.08 zone as it eyes price extension. Support comes in at the 124.50 level where a break if seen will aim at the ...
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EURGBP Pares Some Losses after Strong Sell Off in Near Term

EURGBP has been erasing the strong bearish rally that was created the previous six consecutive days, sending prices towards a new two-month trough of 0.8758. The stochastic oscillator is suggesting ...
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S&P 500 Supported By A Rising Trend Line

Pivot (invalidation): 2596.00 Our preference Long positions above 2596.00 with targets at 2657.00 & 2685.00 in extension. Alternative scenario Below 2596.00 look for further downside with 2578.00 & 2545.00 as ...
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GER30 Stock Index En Route to Third Weekly Gain

The German 30 stock index (DAX 30) has been on the rise since the day it dropped to a two-year low of 10,276 and is now set to register its ...
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CAD/JPY Starts Next Bullish Leg

Short term Elliott Wave view on CADJPY suggests that the rally to 82.4 on Jan 9, 2019 ended wave (W). Pair then corrected in wave (X) as a double three ...
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WTI Oil Outlook: Extended Triangular Consolidation Looks for Fresh Direction Signal

WTI oil stands at the back foot in early US trading on Wednesday, after recovery attempts in Asian session which peaked at $52.50, were short-lived. Tuesday’s bullish outside day pattern ...
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GBPUSD Bulls Still In Control

The British pound has recovered earlier losses against the US dollar after the pair tumbled to the 1.2667 support level, as British PM Theresa May’s Brexit bill was voted down ...
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AUD/USD Outlook: Directionless Mode Between 55/100SMA’s and Daily Cloud Base

The Australian dollar eased on Tuesday, pressured by reduced risk appetite but remains within narrow range that extends into third day. Recovery rally from spike low at 0.6706, posted after ...
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Cryptocurrencies Jump After Last Week’s Sharp Decline

In the first week of the year, the prices of cryptocurrencies jumped as traders started betting on their revival. The rally led to the price of Bitcoin and Ethereum reaching ...
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EUR/GBP – Pound May Rise Further on Brexit Plan Rejection

The cross stands at the back foot on Monday following Friday’s sharp fall (the pair was down1% for the day) as pound maintains positive sentiment on wide expectations that UK ...
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GOLD: Remains Vulnerable Below Key Resistance At 1,2987.55 Level

GOLD remains vulnerable below key resistance at 1,298.55 level as it looks for more weakness. commodity looks to pullback as it rejected higher prices the past week. On the downside, ...
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