Technical Analysis

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USD/CAD decline likely to continue
Wed, 14 Apr 2021 08:19:22 GMT
 
During the first half of Tuesday's trading session, the US Dollar surged by 64 pips or 0.51% against the Canadian Dollar. Though, the currency pair erased the earlier gains at >>
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GBP/JPY bounces off support
Wed, 14 Apr 2021 07:40:00 GMT
 
The Great British Pound declined by 92 pips or 0.61% against the Japanese Yen on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session. >>
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AUD/USD breakout occurs
Wed, 14 Apr 2021 06:59:58 GMT
 
The Australian Dollar surged by 60 pips or 0.79% against the US Dollar on Tuesday. A breakout occurred through the upper line of a descending channel pattern during the morning >>
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EUR/JPY targets at 130.66
Wed, 14 Apr 2021 06:16:31 GMT
 
The EUR/JPY currency pair bounced off a support level formed by the weekly S1 at 129.81 on Tuesday. As a result, the Euro surged by 53 pips or 0.41% against >>
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Gold bounces off support
Tue, 13 Apr 2021 12:46:32 GMT
 
On Tuesday, the yellow metal's price bounced off the support zone of the 1,720.00/1,725.00 levels. As soon as the price managed to pass the short term resistance of the 200-hour >>
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USD/JPY trades above 109.00
Tue, 13 Apr 2021 12:30:36 GMT
 
On Tuesday, the USD/JPY continued to fluctuate near the 109.50 level. However, the rate traded in a wide range and ignored the 55 and 100-hour simple moving averages. Namely, these >>
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GBP/USD bounces off resistance
Tue, 13 Apr 2021 12:18:14 GMT
 
Since the middle of Monday's trading, the GBP/USD has been fluctuating sideways between the support of the zone near 1.3720 and the 55-hour simple moving average and the resistance of >>
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EUR/USD remains near 1.1900
Tue, 13 Apr 2021 12:05:45 GMT
 
By the middle of Tuesday's trading hours, the EUR/USD had remained near the 1.1900 level. The rate has been trading between the 1.1920 level and the support zone at >>
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USD/CAD sets for breakout
Tue, 13 Apr 2021 07:44:32 GMT
 
The US Dollar surged by 38 pips or 0.31% against the Canadian Dollar on Monday. The currency pair breached the 50– and 200– hour SMAs during the London session on >>
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GBP/JPY languishes below 150.72
Tue, 13 Apr 2021 07:05:09 GMT
 
The British Pound surged by 75 pips or 0.50% against the Japanese Yen on Monday. However, the currency pair languished below a resistance level at 150.72 during yesterday's trading session. >>
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AUD/USD decline likely to continue
Tue, 13 Apr 2021 06:40:12 GMT
 
The Australian Dollar surged by 32 pips or 0.42% against the US Dollar on Monday. The surge was stopped by a resistance cluster at the 0.7630 area during Monday's trading >>
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EUR/JPY bounces off support
Tue, 13 Apr 2021 06:18:01 GMT
 
The Eurozone single currency declined by 64 pips or 0.49% against the Japanese Yen on Monday. The exchange rate breached the 50– and 200– hour SMAs during yesterday's trading session. >>
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Gold trades below 1,750.00
Mon, 12 Apr 2021 11:25:58 GMT
 
The price for gold started the week by trading below the resistance of the 55 and 100-hour simple moving averages and the 1,745.50/1,747.50 zone. If the mentioned resistance levels force the >>
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USD/JPY declines on Monday
Mon, 12 Apr 2021 11:17:50 GMT
 
The recovery of the USD/JPY encountered resistance just below the 110.00 mark. The resistance zone below the 110.00 level kept the rate down during the previous week. On Monday, the currency >>
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GBP/USD reaches above 1.3750
Mon, 12 Apr 2021 11:00:26 GMT
 
On Monday morning, the GBP/USD once again found support in the March and April low levels at 1.3670. It resulted in a surge, which passed the resistance of the 55-hour >>
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