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Daily Fundamental Analysis

GBP/USD Daily Forecast - 3 May

According to dailyforex.com, the British pound has initially fell during the day on Wednesday but turned around to show signs of life again. We are testing the 1.3650 level as I record this video, and we are sitting right at…

EUR/USD Daily Forecast - 2 May

The EUR/USD pair broke down during Tuesday trading, as we have sliced through the bottom of a hammer that we formed several days ago. By doing so, we have tested the 1.20 level, which is where we currently find the…

AUD/USD Daily Forecast - 1 May

The Australian dollar has broken down during the last couple of weeks of April, slicing through major uptrend line that goes back to late 2015. This is a very negative sign, and even though we did bounce a bit towards…

GBP/USD Daily Forecast - 30 April

The upcoming week presents a new month and the first week of the month brings in the usual set of PMI data from the UK in the form of construction, services and manufacturing PMI data. We are also likely to…

EUR/USD Daily Forecast - 27 April

The EUR/USD pair is still trading in a downtrend that is consolidating and breaking the support areas we mentioned earlier confirm the strength of the sellers.

AUD/USD Daily Forecast - 26 April

According to the chart on Fxempire.com, we had a longer-term uptrend line broken through by the Australian dollar on Tuesday, and then the market went sideways. On Wednesday, the sellers came back in as the interest rates in America continue…

GBP/USD Daily Forecast - 25 April

The British pound initially pulled back during the trading session as well but turned around to form a bit of a hammer. If we can break above the 1.40 level above, and perhaps even the 50-day EMA, I think that…

EUR/USD Daily Forecast - 24 April

The conservative sales area is located near the middle border of the Bollinger Bands indicator strip at 1.2330. The abolition of the continuation of the fall of the EUR/USD pair will be the breakdown of the middle range of the…

BTC/USD Daily Forecast - 23 April

The BTC price proved the 23.6% retracement level of the last wave, from the minimum of $ 7,828 to the maximum of $ 9,080. However, the downward movement seems to be limited by the $ 8,700 level. A rising uptrend…

AUD/USD Daily Forecast - 20 April

We noted yesterday that “in order to maintain the current fledgling momentum, AUD has to make a run for the upside soon or the odds for a stronger rebound would diminish further”. While AUD managed to touch a ‘fresh’ high…

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