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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USD/CHF – Can US Dollar Break 0.9750 Vs Swiss Franc?

Key Highlights The US Dollar started an uptrend from the 0.9440 low against the Swiss Franc. There is a crucial contracting triangle forming with support at 0.9680 on the 4-hours chart of USD/CHF. The UBS Consumption Indicator in Switzerland for August 2017 rose from the last revised 1.46 to 1.53. The US Pending Home Sales figure will be released for August 2017, ...
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AUDJPY – Aussie Dollar Looking For New High Vs Japanese Yen

AUDJPY – Aussie Dollar Looking For New High Vs Japanese Yen Key Highlights The Aussie dollar climbed above the 82.00 resistance against the Japanese yen to clear the way for more gains. There is a major bullish trend line formed on the 4-hours chart of AUDJPY, which may act as support on the downside at 81.50. Recently, the pair broke a bearish trend line on the s...
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AUDUSD – Can Aussie Dollar Retain Bullish Bias?

AUDUSD – Can Aussie Dollar Retain Bullish Bias? Key Highlights The Aussie dollar finally found bids near the 0.7440 support area against the US dollar. There was a major bearish trend line break noted on the hourly chart of the AUDUSD pair. In Australia, the Consumer Price Index was released by the RBA and republished by the Australian Bureau of Statistics. The...
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USDCAD Poised for Continued Weakness? Brexit Outcome Awaited

USDCAD Poised for Continued Weakness? Brexit Outcome Awaited Key Highlights US dollar failed to remain in the bullish zone against the Canadian dollar and traded lower. There was a bearish trend line formed on the 4-hours chart of USDCAD, which acted as a perfect barrier and pushed and the pair down. The UK Referendum outcome is awaited today, which may impact the m...
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NZDUSD – Downsides To Continue As Dollar Recovers?

NZDUSD – Downsides To Continue As Dollar Recovers? Key Highlights             New Zealand Dollar after a recovery against the US Dollar started to trade lower once again. There is a descending channel pattern formed on the hourly chart of the NZDUSD pair, which is acting as a reason for the downside move. Today, the New Zealand Trade Balance released by ...
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