GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next

GBPUSD – 1.2240 Holds Key For British Pound; UK GDP Next Key Highlights The British Pound recovered recently to trade above 1.2150 against the US Dollar. There is a crucial resistance formed near 1.2220-40, as a couple of bearish trend lines are positioned. Today, the UK preliminary Gross Domestic Product will be released by the National Statistics, which is forec...
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AUDJPY – Buy Aussie Dollar Vs Japanese Yen Post Employment Report?

AUDJPY – Buy Aussie Dollar Vs Japanese Yen Post Employment Report? Key Highlights The Aussie dollar after trading as high as 80.02 against the Japanese yen started correcting lower. There is a crucial bullish trend line formed on the 4-hours chart of AUDJPY, which may act as a support around 78.80. Today, the Australian Employment Change released by the Australian...
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GBPUSD – Can British Pound Recover From Recent Losses?

GBPUSD – Can British Pound Recover From Recent Losses? Key Highlights The British Pound faced a lot of selling pressure lately versus the US Dollar for a decline below 1.2400. There is a major bearish trend line formed on the hourly chart of GBPUSD, acting as a resistance near 1.2280-1.2300. Today, the UK RICS Housing Price Balance survey released by the Royal Ins...
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GBPJPY – British Pound May Continue To Bleed Vs Yen and Dollar

GBPJPY – British Pound May Continue To Bleed Vs Yen and Dollar Key Highlights The British Pound declined heavily recently not only against the US dollar, but faced sellers against the Japanese yen as well. There are two bearish trend lines formed on the 4-hours chart of the GBPJPY pair, which may act as a resistance in the short term. The GBPUSD pair also remains ...
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USDJPY – Dollar Set For Further Declines Vs Japanese Yen Post Fed Decision

USDJPY – Dollar Set For Further Declines Vs Japanese Yen Post Fed Decision Key Highlights The US Dollar remained in a downtrend against the Japanese yen, and may slide further. When we look at the daily chart of the USDJPY pair, then there is a major bearish trend line protecting the upside move. The fed interest rate decision was announced recently in which the c...
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GOLD At Clear Risk of Further Upsides

GOLD At Clear Risk of Further Upsides Key Highlights Gold price rallied recently against the US dollar and traded above the $1340 level. There is a monster bearish trend on the 4-hours chart of GOLD, waiting to act as a barrier for buyers. Today in the US, the Initial Jobless Claims figure will be reported by the US Department of Labor. The market is expecting a ...
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USDJPY – Can US Dollar Retain Bullish Bias Versus Yen?

USDJPY – Can US Dollar Retain Bullish Bias Versus Yen? Key Highlights The US dollar managed to gain traction this week against the Japanese yen, but can the USDJPY pair continue to trade higher? There was a major bullish trend line break noted on the 4-hours chart of the USDJPY pair. In Japan, the Securities investment, released by Ministry of Finance posted a rea...
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AUDUSD – Can Recent Rally Hold In Aussie Dollar?

AUDUSD – Can Recent Rally Hold In Aussie Dollar? Key Highlights Aussie dollar after trading close to the 0.7300 area against the US Dollar found support and recovered. There is a bullish trend line formed on the 4-hours chart of the AUDUSD pair, which acted as a support area. In Australia, the Private Sector Credit released by the Reserve Bank of Australia posted ...
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NZDJPY – Risk of Bounce Grows for New Zealand Dollar

Key Highlights New Zealand dollar slowly and steadily moved higher against the Japanese yen, and closed above the 100 and 200 simple moving average on the 4-hours chart. There was a contracting triangle pattern formed on the 4-hours chart, which was cleared during the recent upside move. Japanese Foreign investment in Japan stocks figures reported by Ministry of Fina...
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USDCAD – US Dollar Downtrend Likely Over Vs CAD

USDCAD – US Dollar Downtrend Likely Over Vs CAD Key Highlights US Dollar after tumbling against the Canadian Dollar managed to find support near 1.2500. There was a bearish trend line formed on the daily chart of the USDCAD pair, which was broken by the bulls for an upside move. Today, the Canadian Consumer Price Index (CPI) will be released by the Statistics Cana...
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