Technical analysis of Forex market

Is There a Better Currency to Trade vs GBP than USD?

In our most recent “Week Ahead” we highlighted daily GBP/USD chart as our Chart of the Week. We discussed hot the 61.8% retracement level from the March 9th highs to ...
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CADJPY’s Grasp on Positive Picture Slips through its Fingers

CADJPY is currently trading around the 76.36 level, that being the 23.6% Fibonacci retracement of the down leg from 84.73 to 73.78. The price action, although finding some footing from ...
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Market Morning Briefing: Aussie Looks Bullish For A Test Of 0.63-0.6350

STOCKS Yesterday we had mentioned that the equities will need a close watch to see if they are going to regain strength and move up or will run into a ...
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US Dollar Index Recoups Some Strong Losses; Neutral in Very Short Term

US dollar index futures have been recouping some of the preceding days’ losses following the plunge from the three-year peak of 103.80. The price is currently hovering above the 20- ...
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US 500 Index’s Correction Weakens Under 100-SMA

US 500 index (Cash) seems to have lost steam in its pullback from the multi-year low of 2,183.95 dropping the price back to its mid-Bollinger band around the 100-period simple ...
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Market Morning Briefing: Aussie Has Moved Up Slightly But While Above 0.60

STOCKS The strong bounce in equities seems to be losing steam. The movement this week will need a close watch to see if the indices regain strength and move higher ...
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BoC Slashes Rates to 0.25%

Yet another Central Bank holds an emergency meeting and cuts interest rates. It seems like it was only a matter of time before the Bank of Canada (BoC) made another ...
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AUDJPY Bounces off 11-Year Low, But Recovery Fizzles

AUDJPY fell aggressively in recent weeks to touch an 11-year low of 59.85, where the pair found fresh buy orders and subsequently rebounded. That said, the price structure on the ...
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JP 225 Index Flirts With 20-SMA after Sharp Rebound; Bearish Bias Intact

Japan’s 225 stock index barely surpassed the 2019 support-turned-resistance level of 19,239 as the blue Kijun-sen line stood tall. Nevertheless, it managed to close slightly above the 20-day simple moving ...
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EURCAD Undecided after Pullback from 2-Year High

EURCAD is currently trading between the 50-period simple moving average (SMA) and the lower Bollinger band under conditions of evaporated directional momentum. The consolidation of the price comes after a ...
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EURUSD Correction Possible

The euro currency is starting to weaken against the US dollar after the pair found strong technical resistance from just below the 1.1100 level. EURUSD sellers could target the 1.0900 ...
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