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EURUSD

After falling for three consecutive sessions, the EURUSD pair traded higher in the previous session and closed at 1.1058, after touching a high at 1.1069. As visible on the daily chart, MACD is trading in the negative territory, along with the RSI and stochastic indicators trading below their 50 lines, hinting at the presence of bearish momentum in the coming session. However, 4H and 8H momentum oscillators are trading with a slight positive bias, hinting at potential upside momentum in the near
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GBPUSD

Following four straight negative sessions, the GBPUSD pair rebounded in the previous session to close at 1.5353, following a high at 1.5384. Daily momentum oscillators are trading flat, reflecting at a neutral technical picture. However, hourly momentum oscillators are trading with a bearish bias, suggesting at weakness over intraday basis. Key near term support is located at the 4H 200SMA (currently placed at 1.5280/40), followed by the 1.5225/20 and 1.5201/00 levels. A move back below the latt…
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USDCAD

The USDCAD pair recorded mild losses in the previous session, settling at 1.3153, after making a low at 1.3121. As of now, daily stochastic and RSI are trading above their 50 lines while the MACD is heading north, hinting at the presence of upside momentum in the coming session. Hourly momentum oscillators too are trading with a positive bias, further validating the bullish view. Intraday resistance is situated at the 1.3298/1.3300 level, followed by the next ones at the 8H upper Bollinger band …
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AUDUSD

The AUDUSD pair advanced for a second straight session yesterday and closed at 0.7249, following a high at 0.7272. Daily MACD and RSI are trading flat above their midlines, while the stochastic is tranquil below it 50line, reflecting at neutral technical picture. 2H & 4H RSI and stochastic are pointing upwards, hinting at potential positivity over intraday. Key technical obstacle to be watched is situated at the 0.7200/10, followed by the 0.7307/10 and 0.7346/50 levels. A move back above the lat…
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USDJPY

After trading higher for seven consecutive sessions, the USDJPY pair reversed its gains, ending lower in the previous session at 121.09, after making a low at 120.60. Daily RSI and stochastic indicators are moving downwards, hinting at the presence of bearish momentum in the coming session. Also, 8H momentum oscillators are pointing south, further supporting the above view. 8H 20SMA (currently trading at 120.30) is acting as a key intraday support, followed by the psychological 120.00 and 119.61…
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USDCHF

After trading higher for seven consecutive sessions, the USDCHF pair reversed its gains, ending lower in the previous session at 097802, after making a low at 09775. Daily RSI and stochastic indicators are moving downwards, hinting at the presence of bearish momentum in the coming session. Also, 8H momentum oscillators are pointing south, further supporting the above view. 8H 20SMA (currently trading at 09862) is acting as a key intraday support, followed by the psychological 0.9880and 099/60 le…
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