Technical analysis

USD / CAD gained traction for the second day in a row and rebounded further from multi-year lows. Momentum stalled near a downtrend line / 50% Fibonacci confluence level near 1.2685. The mixed technical indicators on…
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DXY bounces sharply from lows below 90.00 on Thursday.The 91.00 zone now stands as the next key hurdle for the bulls. After falling to the 89.70 region on Thursday, the DXY managed to make a major bounce to the 90.75 /…
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EUR / GBP halts its recent recovery move from the one-year lows near the 0.8730 region. Mixed oscillators on hourly / daily charts warrant caution before opening directional positions. A sustained break below 0.8600…
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USD / CHF regains traction on Friday and recovers the modest losses of the previous day. The formation of a bullish flag pattern on the 1 hour chart supports the prospects for further gains. The stage is set for a…
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Gold has seen some selling for the second day in a row on Friday. The oversold RSI on the 1 hour chart helps gold to bounce off the eight-month lows. Bearish oscillators on the 4-hour / day charts support the…
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GBP / USD remains under some selling pressure for the second day in a row on Friday. The intraday downtrend manages to find some support near the 1.3900 confluence level. Mixed technical indicators warrant some…
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AUD / USD turned south after climbing to multi-year highs above 0.8000. The major Wall Street indices suffer heavy losses Thursday. The US Dollar Index rebounds from multi-week lows and remains below 90.00. The pair…
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USD / JPY continued to gain ground for the third straight session on Thursday. The formation of an ascending channel supports the prospects for additional earnings. The bulls appear poised to challenge the resistance…
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A sharp rally in US bond yields triggered new selling for gold on Thursday. Some tracking weakness below $ 1,780 will set the stage for further losses. A sustained move past a downtrend line resistance will negate any…
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After many attempts, the EUR / USD finally breaks above the 1.2200 level. The 2021 high at 1.2349 now emerges as the next bullish target. The EUR / USD upward movement remains firm and has finally managed to get past…
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