Technical analysis of Forex market

XAU/USD Analysis: Supported By Moving Averages

Yesterday, the XAU/USD exchange rate re-tested the 1,760.00 level. During Friday morning, the rate was testing the support formed by the 55– and 100-hour SMAs near 1,775.00. If the given ...
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Market Morning Briefing: Aussie Is Stable Near Current Levels

STOCKS Shanghai has surged further to reach our target much faster than expected. Better than expected manufacturing data release and a rate cut from the central bank are boosting the ...
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WTI Oil Outlook: WTI is on Track to Form the Third Straight Doji as Conflicting Signals Keep Near-Term Action Directionless

WTI continues to trade around $40 handle on Thursday, extending narrow-range movements into third straight day and on track to leave third consecutive daily Doji candle. Conflicting signals keep oil ...
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EURJPY Cautiously Positive Above SMAs

EURJPY appears somewhat optimistic despite the recent consolidation in price above the 200-period simple moving average (SMA). Positive signals include the price having moved above the SMAs and the Ichimoku ...
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Technical alerts on USD/JPY and EUR/JPY

Using the “technical Insight” research tool under the Market Analysis tab, we have identified bullish technical events on the USD/JPY and EUR/USD Both currency pairs confirmed a moving average crossover ...
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USD/JPY Outlook: Strong Bearish Acceleration after Bulls Got Trapped is Generating Negative Signal

The pair fell sharply on Wednesday after attempts to extend five-day rally were strongly rejected and bulls got trapped above daily Kijun-sen/50% retracement of 109.85/106.07 fall (107.96). Fresh weakness is ...
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GBP/USD Outlook: The Pair Broke The 1.2320 Resistance Level To Move Into A Short Term Positive Zone

The British Pound started a decent upward move from the 1.2250 support area against the US Dollar. The GBP/USD pair broke the 1.2320 resistance level to move into a short ...
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GBP/USD Outlook: Downbeat Economic Data and Weakening Risk Mode Maintain Pressure on Sterling

Cable remains firmly in red for the third straight day and pressures pivotal support at 1.2250 (Fibo 76.4% of 1.2074/1.2813/Monday’s low, the lowest in one month). Fresh weakness probes again ...
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USD/CAD Tests Key Resistance Ahead Of Key North American Data

Overall, though, sentiment remains positive towards risk assets with the downside for stocks being limited thus far. So, if the stock market were to resume its rally, then this should ...
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EURUSD 1.1200 Must Hold

The euro currency is attempting to recover higher against the US dollar, following a sudden drop towards the 1.1200 support level this morning. A loss of the 1.1200 support level ...
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USD/JPY is Bullish Near-Term – Elliott Wave Analysis

On the daily chart of USDJPY we see price unfolding a bigger A-B-C move, up from 101.16 level, which can belong to a bigger triangle consolidation. As you can see, ...
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