December 3, 2022
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Technical Analysis

NZD/USD: positively placed ahead of the RBNZ

by on February 22, 2022 0

Economists widely expect the Reserve Bank of New Zealand (RBNZ) to raise its overnight rate by 25 basis points on Wednesday for the third consecutive time. Whether or not the central bank‘s decision holds any surprises doesn’t detract from what could ultimately turn out to be a positive technical setup for NZD/USD down the...

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The Most Useful Forex Facts

by on February 19, 2022 0

The most famous and largest stock market in the world is Forex, which has a huge number of investors. Well, it is worth noting that it is possible to trade only through a broker, since the market entry amount will not be accessible to the person. Successful trading in the market requires patience and...

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USDJPY pulls back on news of Russian troops

by on February 14, 2022 0

JPY The pair is trading in the mid-range but off session highs as markets resume movement USDJPY falls below 100 hour MA the USDJPY USD/JPY USD/JPY is the currency pair comprising the United States dollar (symbol $, code USD) and the Japanese yen from Japan (symbol ¥, code JPY). The pair’s rate indicates how...

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Upcoming week: February 14, 2022

by on February 12, 2022 0

It’s been a hell of a week in the markets and a great Thursday for volatility. Consumer inflation beat expectations again in the United States, reaching its highest level since 1982 at 7.5%. This caused panic from at least one Fed official and investors stepped up their bets on a rate hike. The result?...

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January’s US CPI may not benefit the DXY

by on February 10, 2022 0

Rising inflation impressions from the US could hurt rather than support the US Dollar Index (DXY). A big beat on the January CPI is needed Rising inflation is printing damage in the US rather than supporting the US Dollar Index (DXY). The median consensus already calls for a print of 7.3% y/y with a...

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Slight gains with consolidated gradual rise

by on February 2, 2022 0

SHIB/USD has made slight gains in recent days, but its trading has lacked a huge upside move even as additional value has been added. Advertising SHIB/USD remains in the lower areas of its medium-term price range, but the past two days have seen the cryptocurrency gradually gain. However, since Shiba Inu moves in fractions...

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Collapse turns into quick downward move for Solana

by on January 24, 2022 0

SOL/USD has been trading at a significant long-term low since this morning as it suddenly finds its price close to the values ​​seen in August 2021. Advertising SOL/USD suffered a rapid and potentially painful decline for speculators who saw the price action go against their long positions. The vast cryptocurrency market was extremely jittery...

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Sterling rises as UK inflation jumps

by on January 19, 2022 0

The British pound is in positive territory after falling for three consecutive days. GBP/USD broke through the 1.36 line and is trading at 1.3635 during the North American session, up 0.27% on the day. UK inflation at 30-year high Anyone who reads the news has seen many headlines shout “US inflation hits 30-year high!”....

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Trading support and resistance

by on January 9, 2022 0

Get our trading strategies with our monthly and weekly forecasts of currency pairs to watch using support and resistance for the week of January 10, 2022. Advertising This week I’ll start with my monthly and weekly forecasts for currency pairs to watch. The first part of my prediction is based on our research of...

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DXY vulnerable in the new year

by on December 30, 2021 0

Technical outlook in USD DXY coming out of a corner pattern June slope support has been broken US Dollar Technical Outlook: DXY Vulnerable in New Year The US Dollar Index (DXY) was in a wedge formation until yesterday, but has yet to close daily below 95.85. This level was created via dips on December...

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Is the bullish journey over?

by on December 27, 2021 0

Despite the state of optimism regarding the new COVID variant and risk appetite, gold prices rebounded higher, stable around $ 1,811, near their highest in one month, in a context falling US dollar. Recently, various studies have indicated that the last wave of the epidemic will be less damaging economically than the previous ones....

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The path of least resistance is lower

by on December 25, 2021 0

Technical signals remain bearish for the euro The euro suffered significant losses against the US dollar in 2021. Although trading was volatile and largely directionless for the first five months of the year, the decline was relentless from June. The exchange rate fell from ~ 1.2250 to ~ 1.1200 as the ECB remained relatively...

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Sunset Market Commentary – Forex Stock

by on December 13, 2021 0

Markets 20. This is roughly the number of central banks that will hold their last policy meeting in 2021. The big events this week notably the Fed (Wednesday), the Bank of England and the ECB (both Thursday). Turkey, Norway, Switzerland, Japan, Russia, Hungary and many more along with important economic data (EMU PMI, US...

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EURGBP evolves between MA of 100/200 hours

by on December 10, 2021 0

EURGBP trades between 100 / 200H MM The EURGBP fell to its low for the week in Tuesday’s session and thus tested the 200-hour moving average. Support buyers leaned against the level (it was also a low from last week) and sellers looked to buyers. The price rise from Tuesday’s low saw the 100-day...

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Unstable range after recovery from flash crash

by on December 8, 2021 0

SOL / USD has seen a whirlwind of rapid trading recently, including a rapid drop in value when the large-scale flash crash hit cryptocurrencies last weekend. Advertising Having recouped some of its lost value as a result of the flash crash SOL / USD suffered last weekend when the digital asset momentarily fell to...

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The US 500 index tries to climb

by on December 6, 2021 0

The US 500 (Cash) Stock Index is attempting to recover previously lost ground after dropping from the 4,720 level to the 1.5-month low of 4,494. Bearish 50- and 100-period Simple Moving Averages (SMAs) approve of the pullback, and a lower crossing of the 200-period SMA by the approaching 100-period SMA could reinforce the negative...

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Forex BTC / USD signal: more bearish

by on November 22, 2021 0

A break below $ 55,000 would be another bearish signal. Last Monday’s BTC / USD signal produced a very profitable short trade following the bearish rejection of the key resistance level identified at $ 66,234. Today’s BTC / USD Signals Risk 0.50% per transaction. Transactions can only be entered before 5:00 p.m. Tokyo time...

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EURJPY’s downward movement continues as bearish forces persist

by on November 18, 2021 0

EURJPY continues its downward movement after October high, fueled by persistent negative forces. Additionally, its 50-period Simple Moving Average (SMA) fell below the 200-period SMA, completing a “death cross” and raising fears of a sustained bearish outlook.Short-term oscillators transmit a negative bias, reflecting the pair’s recent price depreciation. The RSI sits slightly above its...

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Two transactions to watch: EUR / USD, gold

by on November 3, 2021 0

EURUSD turns to Fed EURUSD stabilizes after falling 0.23% in the previous session. The weak euro zone manufacturing PMI has hit the euro. Data revealed that plant activity slowed to an 8-month low. Today, all eyes are on the Fed. The US central bank is expected to reduce its bond purchases. Investors will be...

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Price velocity intensifies as speculation hits

by on October 19, 2021 0

USD / PKR continues to record new highs as bullish momentum increases and yesterday’s price velocity shows signs of speculation. Advertising USD / PKR is trading above 172.0000 as of this writing, and the possibility that speculative elements are now having an effect on the Forex pair as technical weakness is demonstrated is likely...

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Oil goes up on coal, gold under pressure

by on October 18, 2021 0

Coal lifts oil in Asia Hong Kong coal futures jumped 9.0% this morning, meaning the energy crisis in China has returned to investors’ minds. It also pushed up oil prices in Asia, with Brent crude rising 0.80% and WTI increasing 1.0%. Oil prices continued to climb on Friday, with no sign of OPEC +...

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Mixed picture of US equities

by on October 9, 2021 0

S&P 500 WEEKLY FORECAST: SLIGHTLY DOWN S&P 500 TECHNICAL PERSPECTIVES After hitting an all-time high last month, the S&P 500 established lower highs and lower lows sequentially amid waning buy interest, only as the Fed prepares for refine its asset purchase program. Ethe price action model shown in daily chart is a bit bearish...

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Facebook drops 4% on outages and hate speech issues

by on October 5, 2021 0

Facebook’s stock price (#FB) fell more than 4% yesterday as its services including Instagram, WhatsApp, Messenger and Oculus suffered an outage with downtime reported to be greater than six hours, causing considerable unrest for its users. According to Facebook, the outage was caused by a configuration issue and the company believes that no user...

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U.S. government shutdown negotiations at a glance

by on September 30, 2021 0

Market players today We expect the US Congress to pass a short-term funding bill before the deadline of midnight U.S. Time, which would avoid a government shutdown on Friday. On economic data, we will have both German inflation and unemployment figures for September. Weekly jobless claims are released for the United States and the...

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EUR / USD forecast: October 2021

by on September 28, 2021 0

Below the 1.16 level then we have a clear sell signal, but above the 1.1750 level there is a possibility that we will resume the action that we have seen for several months. Advertising The euro fell for most of September, hitting the 1.17 level. That being said, we are sitting on top of...

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Important support ratios seem rather vulnerable

by on September 27, 2021 0

Significant levels of medium-term support are being tested after the last sell-off in BNB / USD and nervous speculators could become increasingly anxious. Advertising BNB / USD is hovering near the 350.0000 level and showing its standard dose of rather volatile trading results. The downtrend within Binance Coin is rather demonstrative and until resistance...

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Volatile opportunities as contested top stocks

by on September 23, 2021 0

USD / MXN is crossing a higher price range and volatility has erupted in the short term as global market conditions created nervous sentiment. Advertising Latin American currencies can give big price movements.Trade them with our featured broker. Let’s trade now! USD / MXN is hovering above the 20.0000 junction as of this writing....

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GBP / USD Forex Signal: Bearish Below 1.3700

by on September 22, 2021 0

The GBP is getting relatively weaker. Last Monday’s GBP / USD signal was not triggered as there was no bullish price action when the support level identified at 1.3674 was first reached that day. Today’s GBP / USD Signals Risk 0.75%. Transactions can only be completed between 8:00 a.m. and 5:00 p.m. London time...

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High-end intact and bullish momentum remain

by on September 21, 2021 0

USD / PKR remains in the upper bounds of its upper range and bullish sentiment likely continues to be encouraged by speculators who like to bet on the currency pair. Advertising USD / PKR remains within the limits of its all-time highs and that is unlikely to change anytime soon. As of this writing,...

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BoJ meeting, Japanese elections and yen

by on September 17, 2021 0

With a Bank of Japan meeting on Tuesday and an election between parties to decide who will succeed Prime Minister Suga later this month, the yen may finally enjoy some volatility. The central bank is unlikely to disrupt the waters as the economy remains trapped in deflation, so the yen’s fortunes will primarily be...

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Silver Price Forecast: Towards August Low?

by on September 16, 2021 0

Silver Price Outlook: As the yields of the US dollar and the US Treasury rise higher, silver prices have plunged. The latest batch of US economic data suggests the economy is overcoming concerns about delta variants, increasing the chances of a Fed cut announcement soon. Recent changes in sentimentsuggest that silver prices have a...

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Consolidation in high-end short-term plots

by on September 15, 2021 0

The USD / INR remains in the vicinity of the higher prices it has been through in recent days and its recent consolidation may signal further action. Advertising The Rupee has been extremely popular lately – don’t miss out on these great opportunities! Let’s trade now USD / INR has produced a narrower range...

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The result of the week: Delta’s fault

by on September 4, 2021 0

Highlights in the United States US job growth slowed to 253,000 in August, well below market expectations for an impression of 720,000. But the report also had many bright spots. The unemployment rate fell to 5.2% from 5.4%, while wage growth accelerated to 4.3% (year-on-year) from 4.1%. Progress in picking up jobs in leisure...

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NZD / USD Forex Technical Analysis – Confirmation of Closing Price Reversal Shifts Momentum to Higher

by on August 23, 2021 0

The New Zealand dollar edged higher on Monday morning as risk appetite improved with winning stocks and benchmark government bond yields rising. Initial strength is likely fueled by short hedging and squaring of positions after the currency rout last week. Last week, the Kiwi fell to a multi-month low after the Reserve Bank of...

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Weekly Foreign Exchange Outlook

by on August 22, 2021 0

Major developments The FOMC minutes of the Federal Reserve’s July meeting released, indicate a willingness to start cutting asset purchases before the end of the year. The Eurozone consumer price index for July stood at 2.2% on an annual basis, reaching the flash estimate of 2.2%. Euro area GDP grew by 2% (tq) in...

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Australia rallies after CPI as expected

by on August 12, 2021 0

At this point, I still suspect that ending rallies in the short term is the way to go. Publicity The US Consumer Price Index came out as expected on Wednesday, showing that while there is inflation, it is not accelerating. Because of this, the US dollar was sold off a bit and this manifested...

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GBP / USD technical analysis: possible rise

by on August 11, 2021 0

GBP / USD is moving within a very narrow range in light of the pound’s stubbornness against the strength of the US dollar. The dollar strengthened after impressive US employment figures, which showed the extent of the rapid economic recovery from the effects of the epidemic, paving the way for Federal Reserve policy tightening....

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