- Monday, 09 July 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 10 July
AUD/USD found some resistance a little above 0.7476 May 30 low near the 50-period simple moving avearge on the daily chart. The last AUD/USD 120-pip bull run was lead by some strength in gold (AUD is positively correlated to it) and USD weakness.
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- Thursday, 05 July 2018
- Daily Technical Analysis
EUR/USD Daily Forecast - 6 July
EUR/USD had virtually no reaction following the release of the FOMC meeting minutes. EUR/USD has retraced 61.8% from daily low to high suggesting that some investors who missed the bull breakout in early Europe might be buying near those levels.
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- Thursday, 05 July 2018
- Daily Technical Analysis
GBP/USD Daily Forecast - 6 July
The GBPUSD is steady at 1.3222 but has given up all the gains from earlier in the day and remains nearer the day lows. Technically, the fall did find support against a swing area in the 1.3203-16 area (see earlier post and the red numbered circles/yellow area on the hourly chart above). Buyers leaned against the swing area and the price has seen a modest correction. Price corrective rise has stalled near the 38.2% of the day's trading range and below the 200 bar MA on the 5-minute chart (green line in the char bellow at 1.3233).
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- Thursday, 05 July 2018
- Daily Technical Analysis
AUD/USD Daily Forecast - 6 July
Following its another bounce off the 0.7360-55 horizontal-support, the AUDUSD again confronts a month-old descending trend-line, around 0.7395-0.7400, which if broken could trigger the pair’s recovery towards the 0.7420 and the 0.7445-50 resistances.
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