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Daily Technical Analysis

GBP/USD Daily Forecast - 24 April

Cancellation of the growth variant of Pound/Dollar will be the fall and breakdown of the support area with the closing of quotes below the level of 1.3900, which will indicate the continuation of the fall of the pair. To expect…

EUR/USD Daily Forecast - 23 April

EURUSD continued its sideways movement in a trading range between 1.2154 and 1.2555. The sideways move is likely consolidation for the uptrend from 1.1554. As long as 1.2154 support holds, the uptrend could be expected to resume and a breakout…

GBP/USD Daily Forecast - 20 April

Fxpig.com We highlighted yesterday that the “near-term bias is for a probe lower towards the bottom of the expected 1.4080/1.4320 consolidation range” but the subsequent price action is anything but a ‘probe’ as GBP plummeted to an overnight low of…

EUR/USD Daily Forecast - 19 April

The Euro is trading lower shortly before the U.S. opening. The Forex pair is being driven lower by rising U.S. Treasury yields. At 0912 GMT, the EUR/USD is trading 1.2362, down 0.0013 or -0.10%.

AUD/USD Daily Forecast - 18 April

The Australian dollar initially tried to rally during trading on Tuesday but found the 0.78 level to be a bit too much. By pulling back the way we have, it looks likely that we are going to find buyers underneath,…

GBP/USD Daily Forecast - 17 April

The British pound has rallied significantly during the trading session on Monday, breaking above the 1.43 level. That level has been significant resistance in the past, so the fact that we have broken above there suggests that we are going…

EUR/USD Daily Forecast - 16 April

The EURUSD pairs trade with fixed range and were stable above 1.2304. Therefore, there was no alteration to our bullish impression that is centered on the stability beyond the stated level. We observed that the stochastic kept mustering the positive…

EUR/USD Daily Forecast - 27 March

Euro was pushed higher in the course of the yesterday's session going all the way to 1.2450 handle, where it found some amount of resistance but manged to finish the session around this area. As for tomorrow, we expect similar…

GBP/USD Daily Forecast - 27 March

Sterling broke higher in the course of the yesterday's session going all the way to 1.4230 level despite no major data releases. Incline was mostly caused by overall weakening of the US dollar. As for tomorrow, with no major data…

AUD/USD Daily Forecast - 27 March

Aussie formed support around 0.77 handle in the course of the yesterday's session and was then pushed higher going all the way to 0.7750 area, around which it finished the session. As for tomorrow, with no major data releases we…

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