GBP/USD Breaks Key Resistance But Can It Continue Higher?

Key Highlights The British Pound started a decent recovery above 1.2850 against the US Dollar.GBP/USD surpassed a key bearish trend line at 1.2835 on the 4-hours chart.UK’s GDP grew 0.3% in Q3 2019 (Preliminary) (QoQ), better than the last -0.2%.UK’s Claimant Count could change 20.0K in Oct 2019, less than the last 21.1K. GBP/USD Technical Analysis After a sharp d...
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EUR/USD Showing Bearish Signs Below 1.1050

Key Highlights The Euro started a fresh decline from the 1.1175 resistance against the US Dollar.EUR/USD traded below a crucial bullish trend line at 1.1110 on the 4-hours chart.GBP/USD also declined and broke the key 1.2800 support area.UK’s GDP is likely to grow 0.3% in Q3 2019 (Preliminary) (QoQ). EUR/USD Technical Analysis The Euro faced a strong resistance near...
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USD/JPY Daily Chart & Bullish Scenario

Key Highlights USD/JPY is showing many bullish signs above 107.50 on the daily chart.A bullish breakout pattern is forming with resistance near 109.50.The US Initial Jobless Claims for the week ending Nov 02, 2019 declined from 219K to 211K.Michigan’s Consumer Sentiment Index could increase from 95.5 to 95.9 in Nov 2019 (Prelim). USD/JPY Technical Analysis The US Do...
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USD/CHF Likely To Struggle Near 0.9940

Key Highlights The US Dollar started a fresh increase from 0.9849 against the Swiss Franc.A significant bearish trend line is forming with resistance near 0.9940 on the 4-hours chart of USD/CHF.The US Services PMI in Oct 2019 declined from 51.0 to 50.6.The US Nonfarm Productivity could rise 0.9% in Q3 2019 (Prelim), down from the last 2.3%. USD/CHF Technical Analysis ...
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GBP/USD Facing Many Hurdles Near 1.3000

Key Highlights The British Pound failed to climb above 1.3000 and corrected lower against the US Dollar.A key bearish trend line is forming with resistance near 1.2960 on the 4-hours chart.The UK Construction PMI in Oct 2019 increased from 43.3 to 44.4.The US ISM Non-Manufacturing Index is likely to increase to 53.4 in Oct 2019. GBP/USD Technical Analysis After findin...
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EUR/USD Signaling Bullish Continuation

Key Highlights The Euro started a fresh increase from the 1.1075 support against the US Dollar.EUR/USD surpassed a key bearish trend line at 1.1135 on the 4-hours chart.The US Nonfarm Payrolls increased 128K in Oct 2019, better than the 89K forecast.The Euro Zone Manufacturing PMI is likely to remain at 45.7 in Oct 2019. EUR/USD Technical Analysis This past week, the ...
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USD/JPY Showing Bearish Signs, US NFP Next

Key Highlights The US Dollar failed to stay above the 109.00 resistance and declined against the Japanese Yen.USD/JPY traded below a crucial bullish trend line with support near 108.80 on the 4-hours chart.The US Initial Jobless Claims for the week ending Oct 26, 2019 increased from 213K to 218K.The US nonfarm payrolls could increase 89K in Oct 2019, down from the last 136K...
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USD/CHF Could Target Additional Weakness

Key Highlights The US Dollar started a fresh decline from 0.9970 against the Swiss Franc.A crucial bearish trend line is forming with resistance near 0.9940 on the 4-hours chart of USD/CHF.The US GDP grew 1.9% in Q3 2019 (Prelim), more than the market forecast of 1.6%.The US Personal Income could rise 0.4% in Sep 2019 (MoM), more than the last +0.2%. USD/CHF Technical An...
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Gold Price Showing Bearish Signs, Fed Decision Next

Key Highlights Gold price struggled to climb above $1,520 and declined recently against the US Dollar.There was a break below a major bullish trend line with support near $1,490 on the 4-hours chart of XAU/USD.The US Pending Home Sales increased 1.5% in Sep 2019 (MoM), more than the +0.9% forecast.The US GDP is likely to grow 1.7% in Q3 2019 (Preliminary), down from the las...
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GBP/USD Could Test 1.2750 Before Fresh Increase

Key Highlights The British Pound is correcting gains and recently traded below 1.2850 against the US Dollar.A breakout pattern is forming with support near 1.2820 on the 4-hours chart of GBP/USD.EUR/USD is trading above the key 1.1050 support area.The US Pending Home Sales could increase 0.9% in Sep 2019 (MoM), less than the last 1.6%. GBP/USD Technical Analysis After...
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