GBP/USD In Significant Downtrend Below 1.3000

Key Highlights The British Pound traded to a new monthly low at 1.2865 against the US Dollar.A major bearish trend line is forming with resistance near 1.2980 on the 4-hours chart of GBP/USD.The US Personal Income in March 2019 (MoM) increased 0.1%, less than the 0.4% forecast.The US Pending Home Sales could rise 0.5% in March 2019 (MoM). GBPUSD Technical Analysis Ear...
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EUR/JPY Remains In Downtrend Below 129.00

Key Highlights The Euro declined recently and tested the 126.50 area against the Japanese Yen. There are two important bearish trend lines in place with resistance at 128.70 on the 4-hours chart of EUR/JPY. The Euro Zone GDP in Q3 2018 (Preliminary) increased 0.2% (QoQ), less than the +0.4% forecast. Today, the Euro Zone CPI for Oct 2018 (Preliminary) will be rele...
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GBP/USD Facing Uphill Task Near 1.2900

Key Highlights The British Pound declined sharply and traded below 1.2800 recently against the US Dollar. There is a crucial bearish trend line in place with resistance at 1.2880 on the 4-hours chart of GBP/USD. UK’s Mortgage Approvals in Sep 2018 were 65.269K, more than the 65.000K forecast. Today, the Euro Zone Gross Domestic Product for Q3 2018 (Preliminary) ...
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EUR/GBP – Can Euro Retain Gains Vs British Pound?

Key Highlights The Euro made a nice upside move from the 0.8810-0.8800 area against the British Pound. There was a break above a major bearish trend line with resistance at 0.8855 on the 4-hours chart of EUR/GBP. The Germany’s wholesale price Index in Oct 2017 posted no change, whereas the forecast was +0.4% (MoM). Today in the UK, the CPI for Oct 2017 will be r...
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NZD/USD – New Zealand Dollar Is Increasingly Bullish Vs USD

Key Highlights The New Zealand Dollar has formed a medium term bullish trend above 0.7100 against the US Dollar. There are two important bullish trend lines with support at 0.7100 and 0.7030 formed on the 4-hours chart of NZD/USD. Today in New Zealand, the Manufacturing sales for Q1 2017, released by Statistics New Zealand posted a decline of 0.3%. Today, the Euro...
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AUDUSD – Aussie Dollar Faces Uphill Task Vs US Dollar

Key Highlights The Aussie Dollar after a major decline towards 0.7320 against the US Dollar found support and started a recovery. The AUDUSD pair is heading towards an important bearish trend line with resistance at 0.7470 on the 4-hours chart. The Australian New Motor Vehicle Sales for April 2017 released by the Australian Bureau of Statistics posted a rise of 0.3%,...
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