FxWirePro

FxWirePro

It is good to buy on dips around 0.9228-30 with SL around 0.9160 for the TP of 0.93625

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It is good to sell on rallies around 1.18580-600 with SL around 1.19250 for the TP of 1.17200

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It is good to buy above 137.50 with SL around 136.59 for the TP of 139.75

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It is good to sell on rallies around 6078-80 with SL around 6145 for the TP of 5935

FxWirePro

It is good to sell on rallies around 6078-80 with SL around 6145 for the TP of 5980/5935

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GBP crosses have gained support from progress in trade talks with the EU in July, evidently, GBPAUD has been spiking considerably from the last couple days. The pair has continued yesterday’s marginal gains from 1.8080 to the current 1.8116 levels. Technically, the hammer pattern has occurred at 1.7735 levels, ever since then, the minor trend has managed to...

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Gold continuously trading on the higher side for the past four months and jumped more than $500 on safe-haven demand. The dovish Fed has dragged the US dollar index further down and hovering near 2- year low. The pandemic has started in Feb, the number of cases in the world crossed 17.5 million and deaths nearing 6.70 million. Gold Vs. US yield. US Bond...

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Bitcoin price action (BTCUSD at Coinbase) has been resounding, as it rebounds above $11k mark. Bulls are on the verge of 1-year highs after decisive breakout of long-lasting range with the stern bullish candle yesterday (refer daily chart), while both leading & lagging indicators are in line with the prevailing upswings. On a wider perspective, BTC has spiked...

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Cable prices have continued to consolidate after pushing to 1.29 areas but now, mild overbought pressures are seen. Technically, bulls have managed to breakout the stiff resistances decisively, the current price spikes above 7 & 21-DMAs. Upon the breakout of stiff resistances at 1.2650 and 1.2818 levels, GBPUSD is showing renewed bullishness signalled by trend as...

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Crude Continues To Consolidate In Ascending Channel But Hedge 2nd Wave of Coronavirus Outbreak Via WTI Futures: The US is maintaining to get on top of the pandemic. The direct effects on US consumers and producers have all been widely discussed. Perhaps the US society will to accept the number of infections and death tolls. That means for now it is not certain...

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USDJPY’s minor trend turns bearish ever since the occurrence of 3-black crow pattern at 107.114 levels and frequent failure swings at stiff resistance (100-DMAs). The current price slides below 7, 21 & 100-DMAs with bearish crossover, consequently, bears managed to breakdown decisively below strong support of 105.999 levels (refer daily plotting). While both...

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It is good to buy on dips around 1.17170-200 with SL around 1.16600 TP of 1.18200

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It is good to sell on rallies around 114.85-90 with SL around 115.63 for the TP of 113

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The resurgence of Bitcoin price ( BTCUSD at Coinbase) has been impressive, the pioneer cryptocurrency reclaimed $10k levels and surpassed $10,250 level again. July month rallies has showed almost close to 12.5% upswings (currently, trading at $10,266 levels while articulating). The consolidation phase continues on hammer formations at $9,074 and $9,130 levels,...

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AUDUSD has prolonged its minor uptrend, the last week’s rallies are extended upto 0.7183 levels after it has managed to break above crucial resistance zones, 0.6762 & 0.7050 levels, supported by improving global sentiment. Upswings above 7, 21 & 100-DMA with bullish crossovers, the minor uptrend is intensified. But for now, bulls seem to be exhausted upon...

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Bitcoin price (BTCUSD at Coinbase) surpassed $9.5k again but for now, it seems to be quite exhausted after 2-days of rallies (5%), short-term traders are snapping rallies for momentary gains. The consolidation phase continues on hammer formations at $9,074 and $9,130 levels, consequently, the bulls attempt to take-off rallies above 7 & 21-DMAs with bullish...

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EURUSD prices have accelerated higher with the broader USD decline, breaching the 1.1495 March highs, but we still see strong resistance around 1.1600. As such, we remain wary that the broader USD has reached its medium-term range supports, so caution is warranted. Technically, the bulls shrugged-off shooting star pattern (refer daily chart), but the minor...

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It is good to sell on rallies around $1852-53 with SL around $1865 for the TP of $1800