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Technical Analysis

AUD/USD Daily Forecast - 25 April

According to Forex24.pro,the cancellation of the drop in the Australian Dollar quotations will result in a strong growth and breakdown at the level of 0.7670, which will indicate the breakdown of the upper border of the channel and the continued…

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…

EUR/USD Weekly Forecast - 23 April - 27 April

After moving sideways for three months, the EURUSD appears to have broken a significant level on Friday. Does Friday’s breakdown mean that “key driver” is a bearish one? It looks that way, but the question now is whether or not sellers can follow…

GBP/USD Weekly Forecast - 23 April - 27 April

The GBPUSD has enjoyed an impressive rally since coming off of a multi-year low in October 2016. Despite taking out the former 2018 high at 1.4345 last Tuesday, albeit briefly, the pound looks exhausted at current levels. The bearish outside week is…

AUD/USD Weekly Forecast - 23 April - 27 April

Aussie/USD had a good start to the week, temporarily breaching the 0.7810 level. It then crashed all the way below 0.77. Technical lines from top to bottom:

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…

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