Technical analysis of Forex market

Oil Fixed Between $43-44

Early in August, Brent is slightly correcting downwards ad trading at $43.37. While the news flow is quite calm, investors continue monitoring supply and demand in the oil sector, and ...
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Gold Price In A Strong Bullish Path Above The $1,980 Level

Gold price followed a strong bullish path above the $1,950 level against the US Dollar. The price even surged above $1,960 and traded to a new all-time high above the ...
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USD/JPY Outlook: Strong Corrective Rebound Comes after Six Straight Days in Red

The pair bounced strongly on Friday (up 1.5% for the day so far) after bears faced headwinds and were rejected at 104 zone. Oversold studies and month-end profit-taking contributed to ...
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GBPAUD Makes a U-turn after 1-Year Low

GBPAUD made U-turn after printing a bullish hammer candle near a one-year low of 1.7693 last week. Since then, the price managed to take the 20- and 50-day simple moving ...
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GBPUSD Touches An Almost 5-Month High, RSI In Overbought Area

GBPUSD advanced considerably to an almost five-month high of 1.3142 during Thursday’s session, posting six green candles in a row in the 4-hour chart. The MACD oscillator is strengthening its ...
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US 100 Index Not Ready To Give Up Bullish Run

The US 100 stock index (cash) drifted higher and above the previous peak of 10,743 on Thursday, hinting that it is not ready to give up its positive trajectory yet ...
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EUR/USD Reached New High

On Thursday, the EUR/USD currency pair reached new 2019/2020 high at 1.1903. During today’s morning, the pair reversed south. From the one hand, it is likely that some downside potential ...
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GBP/USD Trades Near 1.3150

Yesterday, the GBP/USD exchange rate reached the 1.3100 level. During Friday morning, the rate was testing the 1.3150 level. It is likely that the currency pair could face the resistance ...
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USD/JPY Remains Pressured By 55-And 100-Hour SMAS

On Thursday, the USD/JPY currency pair continued to trade downwards. During today’s morning, the pair tested the monthly S2 at 104.18. Given that the exchange rate remains under pressure of ...
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XAU/USD Revealed Rising Wedge Pattern

Yesterday, XAU/USD exchange rate revealed a rising wedge pattern. During Friday morning, the rate was testing the upper pattern line. From a theoretical point of view, it is likely that ...
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USD/JPY Nosedives Below 105.00 After Disappointing US GDP

Key Highlights USD/JPY settled below the main 106.00 support and dived below 105.00. Key resistances are forming near 105.00, 105.40 and 106.00 on the 4-hours chart. The US GDP contracted ...
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