EUR/GBP Could Resume Slide Below 0.8530

Key Highlights The Euro recovered recently, but failed to clear the 0.8650 resistance against the British Pound. A crucial bearish trend line is formed with resistance at 0.8620 on the 4-hour chart of EUR/GBP. The US Durable Goods Orders increased 0.4% in Jan 2019, better than the -0.5% forecast. The German CPI for Feb 2019 will be released today, which could incr...
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AUD/USD Rebound Reaching Crucial Juncture

Key Highlights The Aussie Dollar tested the 0.7000 support and rebounded nicely against the US Dollar. AUD/USD traded above a major bearish trend line at 0.7046 on the 4-hour chart. The US CPI in Feb 2019 increased 1.5% (YoY), less than the 1.6% forecast. The US Durable Goods Orders for Jan 2019 will be released today, which could decline 0.5% (MoM). AUDUSD Tec...
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AUD/USD Remains At Risk of More Declines

Key Highlights The Aussie Dollar started a downside move after it failed near 0.7150 against the US Dollar. There is a major bearish trend line in place with resistance at 0.7115 on the 4-hours chart of AUD/USD. The US Manufacturing PMI for Oct 2018 (Preliminary) increased from 55.6 to 55.9. Today, the Durable Goods Orders for Sep 2018 will be released, which is f...
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EUR/USD Remains In Downtrend Below 1.1750

Key Highlights The Euro failed to recover this past week and declined below 1.1700 against the US Dollar. There is a major bearish trend line in place with current resistance at 1.1710 on the 4-hours chart of EUR/USD. The pair remains at a risk of more losses if it fails to recover above 1.1700 and 1.1710. The US Durable Goods Orders in April 2018 declined 1.7%, m...
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USD/JPY Broke Key Uptrend Support at 110.00

Key Highlights The US Dollar started a downside correction from 111.37 and declined below 110.00 against the Japanese Yen. There was a break below a key bullish trend line with support at 110.05 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending May 19, 2018 rose from the last revised reading of 223K to 234K. Today in the US, the Du...
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EUR/USD Bullish Medium Term above 1.2250

Key Highlights The Euro moved and settled above the 1.2150 and 1.2200 resistance levels against the US Dollar. There is a major bullish trend line forming with support at 1.2250 on the daily chart of EUR/USD. The US Durable Goods Orders in Feb 2018 increased 3.1%, more than the forecast of +1.5%. Today, the Chicago Fed National Activity Index (CFNAI) for Feb 2018 ...
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USD/JPY Broke Crucial Support On Weekly Chart

Key Highlights The US Dollar started a downside move from well above 114.00 and declined below 107.00 against the Japanese Yen. There was a break below a crucial bullish trend line with support at 108.50 on the weekly chart of USD/JPY. The US Initial Jobless Claims for the week ending March 17, 2018 rose from 226K to 229K. Today, the US Durable Goods Orders report...
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AUD/USD Is Approaching a Crucial Break

Key Highlights The Aussie Dollar traded lower recently and moved below the 0.7900 support against the US Dollar. There is a crucial contracting triangle forming with support at 0.7805 on the 4-hours chart of AUD/USD. The Chicago Fed National Activity Index (CFNAI) declined to 0.12 in Jan 2018. Today, the US Durable Goods Orders for Jan 2018 will be released, which...
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GBP/USD – Cable Breaks Significant Resistance at 1.3280

Key Highlights The British Pound traded higher recently and broke the 1.3280 resistance against the US Dollar. There was a break above two crucial bearish trend lines with resistance near 1.3280 on the 4-hours chart of GBP/USD. The US Durable Goods Orders in Oct 2017 declined 1.2% whereas the market was looking for a 0.3% rise. The UK GDP figure for Q3 2017 will b...
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NZD/USD – New Zealand Dollar Remains in Downtrend Vs US Dollar

Key Highlights The New Zealand Dollar recently fell below the 0.6900-0.6880 support area against the US Dollar. There is a crucial bearish trend line forming with resistance at 0.6850 on the 4-hours chart of NZD/USD. New Zealand’s Visitor Arrivals in Oct 2017 increased by 3.9% (YoY), more than the last +3.1%. The US Existing Home Sales in Oct 2017 increased 2% (...
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