GBP/USD Closing In Towards Next Key Break

Key Highlights The British Pound remains in a bearish zone below 1.3200 against the US Dollar.A crucial bearish trend line is formed with resistance at 1.3140 on the 4-hours chart of GBP/USD.The US Factory Orders declined 0.5% in Feb 2019 (MoM), better than the -0.6% forecast.The US NFIB Business Optimism Index in March 2019 might decline from 101.7 to 101.3. GBPUSD Tech...
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EUR/USD Remains At Risk Of More Losses

Key Highlights The Euro declined this past week and broke the 1.1250 support against the US Dollar.EUR/USD is following a bearish trend line with resistance at 1.1235 on the 4-hours chart.The US Nonfarm Payrolls in March 2019 increased 196K, better than the 180K forecast.The US Factory Orders in Feb 2019 might decline around 0.6% (MoM). EURUSD Technical Analysis The E...
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EUR/USD Primed To Retest 1.1500 Resistance

Key Highlights The Euro found support near the 1.1300 level and recovered against the US Dollar. There is a major bullish trend line formed with support at 1.1385 on the 4-hours chart of EUR/USD. The US Nonfarm Payrolls in Dec 2018 increased 312K, more than the 177K forecast. Today in the US, the Factory Orders figure for Nov 2018 will be released, which is foreca...
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Can Gold Price Recover Above $1,260 In Near Term?

Key Highlights Gold price declined recently and tested the $1,240 support area against the US Dollar. There was a break above a declining channel with resistance at $1,248 on the 4-hours chart of XAU/USD. The US Factory orders in May 2018 increased 0.4%, more than the forecast of 0%. Today in the Euro Zone, the Services PMI for June 2018 will be released, which is...
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GBP/USD Upsides Remained Capped by 1.3200

Key Highlights The British Pound recovery faced a strong selling interest near 1.3200-10 against the US Dollar. There is a key bearish trend line formed with resistance at 1.3180 on the 4-hours chart of GBP/USD. The UK Manufacturing PMI in June 2018 increased from the last reading of 54.3 to 54.4. Today in the US, the Factory Orders report for May 2018 will be rel...
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EUR/USD Upsides above 1.1750 Remain Limited

Key Highlights The Euro started an upside correction and recovered above the 1.1620 resistance against the US Dollar. There was a break above a bearish trend line with resistance near 1.1650 on the 4-hours chart of EUR/USD. The US Nonfarm Payrolls in May 2018 rose from the last revised reading of 159K to 223K. Today in the US, the Factory Orders figure for April 2...
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EUR/USD – Euro Remains Bullish Vs US Dollar

Key Highlights The Euro made a nice upside move and is placed well above the 1.1840 support against the US Dollar. There is a key bullish trend line forming with support at 1.1850 on the 4-hours chart of EUR/USD. The US ISM Manufacturing Index declined from the last reading of 58.7 to 58.2 in Nov 2017. Today, the US Factory Orders figure for Oct 2017 will be relea...
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USD/JPY – US Dollar Awaits NFP Report for Next Move Vs Japanese Yen

Key Highlights The US Dollar remains in a downtrend against the Japanese Yen with a close below 111.00. There is a major descending channel with resistance near 110.40 forming on the 4-hours chart of USD/JPY. The US Factory orders figure for June 2017 was recently released, which posted an increase of 3% (MoM). Today, the US Nonfarm payrolls figure for July 2017 w...
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EURUSD – Euro Looking To Extend Gains Against US Dollar

Key Highlights The Euro managed to recover well from the 1.0493 level against the US Dollar. The EURUSD pair is currently attempting to break a bearish trend line at 1.0620 on the 4-hours chart. Today in the Euro Zone, the Sentix investor Confidence Index for Mar 2017 will be released, which is forecasted to decrease from 17.4 to 16.00. In Australia, the Retail Sa...
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