Technical analysis of Forex market

EUR/USD Maintains Consolidation

On Wednesday, the EUR/USD currency pair consolidated near the weekly S1 at 1.0788. During today’s morning, the pair maintained its consolidation. Note that the exchange rate remains under pressure of ...
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Elliott Wave View: NASDAQ (NQ_F) Continues Marching To All-Time High 

Short term Elliott wave view in NASDAQ (NQ_F) suggests the Index ended the cycle up from February 1, 2020 low in wave 1 at 9687.50 high. The index then corrected ...
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Palladium Futures Unlock Another Record High at 2,752; 17% Up This Month

Palladium futures for March delivery seem unwilling to stop the extraordinary rally in uncharted territory, with the price flying as high as 2,752 on Wednesday after a short consolidation period ...
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XAU/USD Exceeded 1,560.00

Yesterday, the XAU/USD exchange rate raised to the 1,600.00 level. During Wednesday morning, the rate surpassed the given level. From the one hand, it is likely that yellow metal could ...
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Gold Price Rallies To New 2020 High, Primed For More Gains

Key Highlights Gold price started a strong rise from the $1,565 support area against the US Dollar. A key bullish trend line is forming with support near $1,578 on the ...
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XAU/USD Outlook: Gold Advances to Two-Week High on Fresh Risk Aversion

Spot gold advanced to the highest level in two weeks in early US session trading on Tuesday, driven by fresh safe-haven demand on renewed weakness in the stock markets and ...
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GBP/CAD 4H Chart: Sets For Breakout

The British Pound has been depreciating against the Canadian Dollar since the beginning of February after the currency pair reversed from the upper boundary of a triangle pattern at 1.7454 ...
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GBP/USD Struggling Ahead Of UK Jobs Report

Key Highlights GBP/USD recovered above 1.3000, but it is struggling to clear the 1.3050-1.3060 resistance. A key bearish trend line is forming with resistance near 1.3040 on the 4-hours chart ...
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Yen Remains Weak

On Monday, February 17th, USDJPY is slowly growing and trading close to 109.84. The Yen has been weak for the second trading session in a row. The statistics published today ...
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EURUSD Cautiously Bearish, Forms Inverted Hammer

EURUSD appears to have slowed slightly – with the development of an inverted hammer pattern – ahead of the April 2017 gap of 1.0820 – 1.0777 following a descent, which ...
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EURCAD Breaks Sideways Pattern to the Downside

EURCAD broke to the downside the medium-term sideways range that had been confining the price action in recent months, with an upper bound at 1.4770 and a lower end at ...
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