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GBPUSD UP MOVE NEXT MONTH

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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Gold down Trend

Gold prices rose to a 2-week high of $1,253.25 However, oil prices turned positive in the late US session following the EIA inventory data, which saw the metal trim gains and end the day around $1,235/oz, up 1% on the day. Metal traders would continue to track oil prices ahead of the US durable goods orders release on Thursday. From the technical viewpoint, the metal could head lower if prices breach 20-SMA in the 4 hours chart. The daily RSI is falling from the overbought region, which adds cre…
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EURUSD

Charts: 4HOUR,

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 ap…
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USDJPY

Charts: 4 HOUR,

The USDJPY 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 USDJPY 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 app…
Read full story
Translate to English Show original
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AUDUSD UP MOVE

Charts: 4HOUR,

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 ap…
Read full story
Translate to English Show original
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GBPCAD UP TREND NEXT MONTH

Charts: 4 HOUR,

The GBP/CAD 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/CAD 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…
Read full story
Translate to English Show original