NZD/USD – Kiwi Dollar Back In Uptrend; Faces Challenge Near 0.7350-90

Key Highlights The New Zealand Dollar after trading as low as 0.7223, formed support against the US Dollar and recovered well. There was a break above a major bearish trend line at 0.7300 on the 4-hours chart of NZD/USD. New Zealand’s Producer Price Index Output rose 1.3% (QoQ) in Q2 2017, more than the forecast of +0.7%. Today, the US Industrial Production figu...
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USD/CAD – US Dollar In Monstrous Uptrend Vs Canadian Dollar

USDCAD Technical Analysis US Dollar Canadian Dollar
Key Highlights The US Dollar after trading as low as 1.2413 on 26th July 2017 against the Canadian Dollar started an uptrend. There is a major ascending channel pattern with support at 1.2730 forming on the 4-hours chart of USD/CAD. The Net Long-Term TIC Flows for June 2017 released recently in the US posted $34.4B, more than the forecast of $28.3B. Today, the US ...
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EUR/GBP – Euro Remains Well Bid Above 0.9000 Vs British Pound

Key Highlights The Euro after breaching 0.9000 traded as high as 0.9119 against the British Pound. There is a key bullish trend line forming with support at 0.9060 on the 4-hours chart of EUR/GBP. Germany’s Gross Domestic Product preliminary reading for Q2 2017 came in at 0.6% (QoQ), down from the last +0.7%. Today, the US Retail Sales figure for July 2017 will ...
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EUR/USD – Euro To Resume Uptrend Above 1.1800 Vs US Dollar?

Key Highlights The US Dollar after correcting towards the 1.1680 support against the US Dollar found support. The EUR/USD pair recovered recently and broke a bearish trend line at 1.1800 on the 4-hours chart. The pair bounced from the 100 SMA (H4) and now placed comfortably above 1.1750. China’s Retail Sales for Jul 2017 (YoY) reported today posted an increase o...
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Should you auto trade? Use auto trading as a helpful tool.

Did you know that over 70% of all trades on Nasdaq and NYSE are placed by robots? This is so according to a report by a market research company highlighting the fact that in 2014, 74% of trades were made by automated trading including High Frequency Trades (HFTs) and this is not just unique to US markets but across all global markets including Forex. Robot trading is a r...
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USD/JPY – US Dollar Poised To Extend Declines Vs Japanese Yen

Key Highlights The US Dollar broke a major support area at 110.00 against the Japanese Yen to form a downtrend. There was a break below a key bullish trend line at 110.00-110.10 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending Aug 5 2017 released yesterday posted an increase from 241K (revised) to 244K. The US Consumer Price Index f...
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EUR/JPY – Euro Forming Major Top At 131.40 Vs Japanese Yen

EURJPY Technical Analysis Euro Japanese Yen
Key Highlights The Euro is carving a major top near 131.40 against the Japanese Yen. There was a break below two important bullish trend lines at 130.50 on the daily chart of EUR/JPY. Japan’s Machinery New orders in June 2017 declined by 1.9% (MoM) compared with the +3.7% forecast. The US Initial Jobless Claims for the week ending Aug 5 2017 will be released tod...
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AUD/USD – Aussie Dollar Riding Downtrend Channel Vs US Dollar

Key Highlights The Aussie Dollar failed to hold the 0.8000 level against the US Dollar and moved down. The AUD/USD pair is currently following a descending channel with resistance at 0.7900 on the 4-hours chart. Australia’s Home Loans in June 2017 increased by 0.5%, less than the forecast of 1.5%. Australia’s Westpac Consumer Confidence for August 2017 decline...
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GBP/USD – British Pound Turned Bearish Vs US Dollar

Key Highlights The British Pound made a medium-term top at 1.3298 against the US Dollar and moved down. There was a break below two important bullish trend lines at 1.3150 on the 4-hours chart of GBP/USD. Recently, the UK’s BRC Like-For-Like Retail Sales for July 2017 (YoY) was released, which posted an increase of 0.9%. Today in the US, the NFIB Business Optimi...
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EUR/USD – Euro Grinding Higher Vs US Dollar; Eyes 1.1850

EURUSD Technical Analysis Euro US Dollar
Key Highlights The Euro remains in an uptrend and placed well above the 1.1750 against the US Dollar. There is a crucial ascending channel with support at 1.1760 forming on the 4-hours chart of EUR/USD. The German Industrial Production for June 2017 posted a decline of 1.1% (MoM). Today, the labor market conditions index for July 2017 will be released, which is fo...
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