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Dollar: downward trend to continue after technical correction
The dollar index has lost 3.7% since the beginning of November, remaining less than 2.5% above the area of the lows of early 2018. Its prospects are not encouraging...
Trading Signal for GBP/USD for December 04 - 07, 2020: Key level 1.3465
This morning before the publication of the US nonfarm payrolls, GBP/USD is trading above the 21-day EMA that is seen on a 1-hour chart. The pair is trading at around...
Analysis of EUR/USD for December 4. Steven Mnuchin and Jerome Powell appeal to Congress for financial aid to small businesses
The wave layout of EUR/USD still looks rather complicated, though it doesn't raise big questions. The upward wave which is designated as c is still in progress. It made...
EURUSD slows down pace at the end of the week
A bullish week comes at its end with price closing near the weekly highs. Trend remains bullish but next week could start with a downward move. We expect...
Gold to end the week near intra weekly highs.
Gold price made another attempt towards $1,850 today but price got rejected once again. Bulls should get worried if after a rejection price moves away too far from $1,850. Bulls...
USDCAD breaks below 1.28
USDCAD has broken below our target area of 1.30-1.29 as expected when price got rejected back at 1.3150. Price slowed down yesterday around 1.2950-1.2980, but eventually bulls were unable...
December 4, 2020 : GBP/USD Intraday technical analysis and trade recommendations.
Bearish Price action was demonstrated around the price levels of (1.3380-1.3400) as a valid SELL Entry Signal. Initial bearish target was reached around 1.3300. However, the pair has failed...
December 4, 2020 : EUR/USD Intraday technical analysis and trade recommendations.
The EURUSD pair was trapped between below the previous key-level (1.1950) until bullish breakout occured to the upside. Further bullish advancement was expressed towards 1.2150 as expected. Bearish closure...
December 4, 2020 : EUR/USD daily technical review and trade recommendations.
another upside movement was expressed towards 1.1950-1.1980 where the depicted trendline failed to offer sufficient resistance. Further upside movement is being demonstrated towards 1.2160 where a false breakout...
EUR/USD: Dollar gains back risky sentiments, euro's rally above $1.20 mark likely to be short-term movement
The euro has been one of the main beneficiaries of the dollar's current weakness, surpassing the $1.20 mark decisively this week. On Thursday, the EUR/USD pair climbed to 1.2175, gaining...