SupportResistance

The explosion of the Darva Box chart formation will unbalance the asset. Falling 20 and 50 period EMAs affirm that the decline is intact. The RSI (14) is on the verge of falling below 40.00. EUR/USD opened almost…
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Inventory distribution at multi-year highs has led to a pullback in USD/JPY. The advance of the EMA to 100 continues to support the uptrend. A pullback towards the trend line could attract possible buying of the…
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Pound bulls are looking for a break of the symmetrical triangle at 1.3140 for further upside momentum. GBP/USD has been facing resistance near the 200 EMA at 1.3135. The RSI (14) in a range between 40-60 indicates…
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USD/JPY bulls renew six-year high around 120.50. Firm bulls above the 10 and 20 period EMAs. The RSI (14) oscillates in a range between the 60 and 80 level, which adds to the filters to the upside. The USD/JPY…
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AUD/USD is likely to continue moving in a range between 0.7150-0.7220. The 50 EMA is moving above the 200 EMA, which adds to the filters to the upside. The uptrend line from 0.7051 will continue to provide support…
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USD/JPY remains on the defensive near the daily low and gave back part of the previous day's bounce from triangle support. The pullback on the upside of the MACD and the bearish chart pattern keeps sellers hopeful.…
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AUD/JPY break below 82.00 puts selling pressure on the pair. The weakened mood of market sentiment exacerbated the demand for the JPY as a safe haven. The AUD/JPY It falls for the second time in the week and from a…
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USD / CHF fell 0.06% in the American session. USD / CHF has a neutral bias as the DMAs remain horizontal, around the 0.9170-0.9220 area. The USD/CHF It extends its losses from Tuesday, trading at 0.9157 at the time of…
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EUR / GBP lost 0.05% during the American session. A mixed market mood causes the pair to swing between winning and losing. EUR / GBP Price Forecast: The crossover on the 4-hour chart paves the way for further losses.…
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USD / CAD trimmed some losses on Monday, rising 0.09%. Despite registering a daily maximum of Omicron-Covid-19 cases, around 1.4 million worldwide, the mood of investors is optimistic. High US crude prices failed to…
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