EUR/USD (4 Hours) Starts to decline, but the recent upward trend remains unchanged
The euro/dollar weakened in early trading today, breaking away from a strong period and hitting a two month high on Friday. The expectation of a near-term break of 1.1111 is that we may see further gains in the short term. So while we see some downtrend, this looks like a buying...
With the GBPUSD reversed from 1.3100, the figure is currently falling to 1,3000 before questioning an immediate upward trend at 1,2985 and 1,2960/55. If the Bank of England (BoE) were not able to deception the Pound Bulls, they would have been able to catch the quotation of 1.2955, 1.2900 and the latest low of near 1.2865. Meanwhile, the immediate...
The USDCAD pair is still forming symmetrical triangles, six weeks old, which signal the pair's sideways momentum, although they are witnessing pullbacks late. Currently, 1.3340 and 1.3300 can support the pair immediately before the lower line is close to 1.3270 sellers of grab. If the quote falls below 1,3270, 1.3230 and 1.3200, it may become the favorites of the...
JPY leading the way to entertain its Investors. In a daily closing, EURJPY target the bear zone-n order to prove its full potential. JPY's lead would mark prominent stops in the chart. Traders, be aware of the trend movements because a wrong turn could end your account.
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With the aid of ground-level support raise, EURUSD yet to chase the profit for Buyers. In an hourly-frame, EURUSD counting green coins. Buyers may utilize the chance efficiently. Traders keen on trade movements.
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USDJPY faces significant resistances around 111.50-55, including a downward trend since early March. As the present feeling of risk is a little longer and helps the pair to close 111.55 a day, the chances of their 111.80 and 112.15/20 rallies are not to be denied. Furthermore, progress after 112.20 could target 112.60. The 111.00 and 110.65 downside could reduce...
With the technical back-up Correction candles turning the trend. In an hourly-frame, AUDUSD grabbing potential to execute a nitrous hike to target the high range. The extended impulse could re-start the ride to North. On the contrary, USD fundamental strength would dominate the trend.
In spite of the last week pound fight rewarding them. In a 4hr scale, GBP striking the sky to move far away from the ground. Green Monster could grow to target the 1.3073-CHF also got its nuts to defence the monster attack. Head-to-Head tight action sequences.
In an hourly chart, Dollar Index fighting one another to prove their strengths. NZDUSD running to take a turn to fall down, technical concerns providing back-up-could stabilize the pull action. Short profit seekers keen on pending entry zone, precise the entry.