GBPJPY – British Pound Turned Bullish Vs Japanese Yen

GBPJPY Technical Analysis British Pound Japanese Yen
Key Highlights The British Pound gained bids during the past few days, and moved above 141.00 against the Japanese Yen. There was a crucial bearish trend line with resistance at 138.60 on the daily chart of GBPJPY, which was broken recently. Today in Japan, the Foreign bond investment (April 21, 2017) released by Ministry of Finance posted ¥-1,283.8B, compared with ...
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AUDUSD – What’s Holding Aussie Dollar From Breaking 0.7600?

AUDUSD 04.26.2017
Key Highlights The Aussie Dollar recent upside attempt failed near the 100 simple moving average (H4) at 0.7585. There is a crucial bearish trend line with resistance at 0.7575 formed on the 4-hours chart of AUDUSD, acting as a hurdle. Today in Australia, the Consumer Price Index for Q1 2017 released by the RBA and republished by the Australian Bureau of Statistics p...
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EURJPY – Euro To Japanese Yen Overcomes Bearish Trend

EURJPY Technical Analysis
Key Highlights The upside move in the Euro continued, as it traded positively above 119.00 against the Japanese Yen. The EURJPY pair is now well above the 119.20 resistance, and the 100 and 200 simple moving averages (H4). Today in Japan, the Corporate Service Price Index (CSPI) for Feb 2017 (YoY) released by the Bank of Japan posted an increase of 0.8%. Today in ...
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EURUSD – Euro Opens With Huge Gap Following French Election

EURUSD 04.24.2017
Key Highlights The Euro opened with a monster gap up towards 1.0900 against the US Dollar. The FX market turned risk on after the first round of the French elections suggesting Macron leading as expected. The recent release in the US, the Manufacturing PMI for April 2017 (Preliminary) posted a decline from 53.3 to 52.8. Today in the Euro Zone, the German IFO Busin...
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Get to know the healthy ways to set trading expectations

The man works for a laptop in the office with a view from the window
When starting to trade forex, setting clear trading expectations is key to planning and preparation. With endless possibilities for profit, novice forex traders can efficiently build an enjoyable trading career. Because of this, it is important to set healthy expectations and create the right systems to achieve your goals. With a calculated strategy and the right mindset, new t...
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USDJPY – US Dollar Recovery A Real Deal Vs Japanese Yen

USDJPY 04.20.2017
Key Highlights The US Dollar declined below 109.00 this past week against the Japanese Yen before finding support. A recovery is underway, but the USDJPY pair is likely to face resistance near 109.50 and a bearish trend line on the 4-hour chart. Today in Japan, the Nikkei Manufacturing PMI for April 2017 (Preliminary) was released, which posted a rise from 52.4 to 52...
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2017 French Election: Volatility and Opportunity

French Election: Volatility and Opportunity
This weekend sees the first round of voting in the French General Election. The race is wide open with 11 candidates contesting the first round of voting on Sunday 23 April. Assuming no candidate wins more than 50% of the vote, the top two contenders will then go through to a run-off on 7 May. There will be many trading opportunities in EURUSD and other key markets throughout...
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NZDUSD – New Zealand Dollar Poised For Gains Vs US Dollar

NZDUSD 04.20.2017
Key Highlights The New Zealand Dollar recovered well from the 0.6909 low against the US Dollar. A monster descending channel with resistance at 0.6970 on the 4-hours chart of NZDUSD was broken, opening the doors for more gains. Today in New Zealand, the Consumer Price Index for Q1 2017 (YoY) released by the Statistics New Zealand posted an increase of 2.2%. Today ...
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GBPUSD – Is This Real Break In Pound To Dollar?

GBPUSD Technical Analysis Pound Dollar
Key Highlights The British Pound after a steady rise gained momentum against the US Dollar, and moved above 1.2600. There is a major bullish trend line with support at 1.2620 formed on the 4-hours chart of GBPUSD. Recently in the US, the Industrial Production for March 2017 released by the Board of Governors of the Federal Reserve posted an increase of 0.5%. Today...
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EURUSD – Can Euro Break 1.0700 Versus US Dollar?

EURUSD Technical Analysis
Key Highlights The Euro faced selling pressure this past week, but remained above the 1.0610 support against the US Dollar. There is a major resistance formed at 1.0675 and 1.0690 on the 4-hours chart of EURUSD. Recently in the US, the NY Empire State Manufacturing index for April 2017 released by the Federal Reserve Bank of New York posted a decline from 16.4 to 5.2...
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