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EURUSD UP TREND

Charts: 4 HOUR,

The EUR/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the EUR/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
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GBPUSD UP TREND

Charts: 4 HOUR,

The GBP/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the GBP/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
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AUDUSD UP TREND

Charts: 4 HOUR,

The AUD/USD has corrected sharply after trading inside its horizontal as visible in this daily chart (H4).
This currency pair is now trading inside its horizontal support level
which is marked in blue in the above chart. We expect the AUD/USD to
rally higher and back into its horizontal resistance zone which is
marked in red.
Indicators: MACD RSI
MACD indicates that momentum is improving, but it remains in bearish
territory. We expect the histogram as well as moving average to a…
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USDJPY DOWN TREND

Charts. 1 HOURE
The USDJPY has rallied strongly as visible in this daily chart (1H). This currency pair has formed a
rising wedge formation which is a reversal pattern and marked by red
lines in the above chart. We expect the USDJPY to correct back down
into its horizontal support zone which is marked in blue. The current
horizontal support zone is a very important one as it used to be a
strong resistance zone and heavy trading around those levels should be
expected.
Indicators: MACD RSI
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USDCAD DOWN TREND

Charts. 1 HOURE
The USDCAD has rallied strongly as visible in this daily chart (1H). This currency pair has formed a
rising wedge formation which is a reversal pattern and marked by red
lines in the above chart. We expect the USDCAD to correct back down
into its horizontal support zone which is marked in blue. The current
horizontal support zone is a very important one as it used to be a
strong resistance zone and heavy trading around those levels should be
expected.
Indicators: MACD RSI
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GOLD DOWN TREND

With the 20day SMA (currently placed at $1133/35) acting as a strong support, the yellow metal continued to slide in the previous session and ended at $1122.40, following a low at $1118.40. On the daily chart, MACD and RSI are trading above their midlines, hinting at the presence of bullish momentum in the coming session. Formation of a bullish harami candlestick pattern on the 2H chart recently, the precious metal has continued to trade higher coupled with the MACD and RSI pointing north, sugge…
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OIL UP TREND

technical outlookTrend 1 hour: RangeTarget 1: 50.00Target 2: 48.11control level: 51.10
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