USD/JPY Daily Chart Suggests Pair Approaching Crucial Resistance

Key Highlights The US Dollar settled above the 110.60 and 111.50 resistances against the Japanese Yen.USD/JPY could attempt to surpass a crucial bearish trend line at 112.60 on the daily chart.The US Retail Sales in March 2019 increased 1.6% (MoM), more than the +0.9% forecast.The US Housing Starts in March 2019 could increase 6.5% (MoM), whereas the last was -8.7%. USDJ...
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GBP/USD Approaching Crucial Resistance Near 1.3300

Key Highlights The British Pound recovered nicely after trading towards the 1.3000 support against the US Dollar. A major bullish trend line is in place with support at 1.3120 on the 4-hours chart of GBP/USD. The Chicago Fed National Activity Index (CFNAI) declined from -0.25 to -0.29 in Feb 2019. The US Consumer Confidence in March 2019 could increase from 131.4 ...
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USD/CHF Could Extend Losses Below 0.9980

Key Highlights The US Dollar declined recently and broke the 1.0050 support against the Swiss Franc. There is a key bullish trend line in place with support at 0.9990 on the 4-hours chart of USD/CHF. The US Building Permits in Dec 2018 increased 0.3%, while Housing Starts declined 11.2%. The US Durable Goods Orders figure for Jan 2019 will be released today, which...
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USD/CAD At Risk of More Declines Below 1.2920

Key Highlights The US Dollar failed to break the 1.3070 resistance and declined against the Canadian Dollar. USD/CAD broke a major bullish trend line with support at 1.3010 on the 4-hours chart. The US Industrial Production in Sep 2018 increased 0.3%, similar to the forecast. Today, the Euro Zone CPI for Sep 2018 will be released, which is forecasted to increase 2...
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GBP/USD Likely to Revisit 1.3200 In Near Term

Key Highlights The British Pound declined sharply from well above 1.3400 and broke 1.3300 against the US Dollar. There was a downside break below 1.3330 on the 4-hours chart of GBP/USD. The pair is now in a bearish zone and it could decline back towards the 1.3200 level in the near term. Today in the US, the Building Permits for May 2018 will be released, which is...
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EUR/USD Dips Remain Supported above 1.2350

Key Highlights The Euro traded higher this past week, but it failed to move above the 1.2550 resistance against the US Dollar. There is a major bullish trend line forming with support at 1.2380 on the 4-hours chart of EUR/USD. The US Building Permits rose 7.4% in Jan 2018 (MoM), more than the forecast of 3.5%. The US Housing Starts grew 9.7% in Jan 2018 (MoM), bet...
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USD/JPY Showing Positive Recovery Signs

Key Highlights The US Dollar found support after trading as low as 110.19 against the Japanese Yen. There was a break above a short-term bearish trend line with resistance at 111.15 on the 4-hours chart of USD/JPY. The pair faces many resistances on the upside at 111.80 and 112.00. The US Building Permits in Dec 2017 declined by 0.1%, less than the forecast of -1....
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Can Gold Price Recover Further Above $1270?

Key Highlights Gold price started a fresh upside move from the $1236.50 swing low against the US Dollar. Buyers succeeded in pushing the price above a major bearish trend line at $1258 on the 4-hours chart of XAU/USD. The price is now heading towards a few major resistances - $1268, $1270 and $1274. The US Building Permits in Nov 2017 decreased by 1.4%, less than ...
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Can NZD/USD Retain Gains Above 0.7000?

Key Highlights The New Zealand Dollar moved nicely recently and traded above 0.6950-80 resistance against the US Dollar. There is a short-term breakout pattern forming with support at 0.6980 on the 4-hours chart of NZD/USD. A break above 0.7030 is required for buyers to step up the bullish momentum. The ANZ Business Confidence in January 2018 increased to -37.8 fr...
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EUR/USD – Resistance Turned Support for Euro To Dollar

Key Highlights The Euro gained bullish momentum this past week and traded above 1.1700 against the US Dollar. There was a break above a major contracting triangle with resistance at 1.1765 on the 4-hours chart of EUR/USD. The US Building Permits in Oct 2017 increased 5.9%, much better than the forecast of +2%. Today in the Euro Zone, the German PPI numbers for Oct...
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