Technical Analysis
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Trade of The Day – AUD/USD
Facts:AUDUSD is trading in an upward trend from 16th of mayThe pair bounced off the key support at 0.6465 Recommendation: Trade:…
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US Dollar Index Hovers around 99.00, with a persistent bearish bias
The US Dollar finds primary support at the lower boundary of the descending channel around 98.70. Technical analysis indicates a…
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EUR/JPY Bulls and bears jostle around 200-hour SMA, above mid-162.00s
EUR/JPY attracts some dip-buyers following an Asian session slide to the 162.00 mark. The technical setup warrants caution for bulls…
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The Japanese Yen sticks to intraday gains
The Japanese Yen catches fresh bids in reaction to Japan’s strong Services PPI. The data reaffirms BoJ rate hike bets…
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AUD remains subdued despite a weaker US Dollar due to growing debt issues
The Australian Dollar holds losses below a level after pulling back from a six-month high of 0.6537. China Industrial Profits…
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XAU/USD price consolidates below two-week high; bullish potential seems intact
Gold price traders seem non-committed amid a combination of diverging forces. The latest optimism around EU’s tariff delay undermines the…
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GBP/USD Hits fresh 39-month highs near 1.3600
GBP/USD may approach the ascending channel’s upper boundary at 1.3960. The 14-day Relative Strength Index (RSI) rises toward 50, strengthening…
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EUR/JPY Climbs beyond mid-162.00s, bulls have the upper hand while above 200-day SMA
EUR/JPY kicks off the new week on a stronger note in reaction to the latest trade optimism. The technical setup…
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XAG/USD Bullish outlook remains in play near $33.50
Silver price posts modest gains to near $33.50 in Monday’s early European session. The positive view of the metal prevails above…
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XAU/USD trades with mild negative bias below two-week top touched on Friday
Gold price kicks off the new week on a softer note as bulls turn cautious amid trade optimism. US fiscal…
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