The size of the daily candlestick certainly suggests that there is a lot of selling pressure and momentum is on the downside. Looks like the market is right again. There has been talk of...
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The strongest to the weakest major currency and cross currency pairs in 2022
2022 is in the books and the final ranking of major currencies from strongest to weakest shows the USD as the strongest and the Yen as the weakest. Forex Major Currencies from Strongest to...
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1 Minute
GBP/USD EXTENDS ITS REVERSAL TO 1.2020 IN A CHOPPY MARKET SESSION
The reversal of Pound at 1.2065 slips. 1.2020 area. Concerns about China and Ukraine dampened investor sentiment. USD , pared losses as US Treasuries jump. A reversion of £ , from the intraday high...
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1 Minute
Dollar steadies as risk selloff starts up again
Safety flows are helping support the dollar and yen in European morning trade as risk sentiment turns sour again, with SandP 500 futures now down around 0 points, or 1.0%. The dollar was earlier...
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Technical levels in play for the EURUSD, USDJPY and GBPUSD ahead of the US jobs report.
In this pre-US VIEW working report, Forexlive.com’s Greg Michalowski outlines the key technical levels. The risk increases. The market is preparing for the next job. 0:55 – EURUSD has rebounded and moved back into...
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2 Minutes
GBP/USD Forecast: Continues to be Noisy
The Fed is expected to raise interest rates by 75 basis points, but that’s the statement people are paying most attention to. Looking at GBP/USD we can see that we tried to move a...
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1 Minute
GBPUSD builds another trend leg lower on the intraday chart
In the morning video, I discussed the trend move to the downside and earmarked the 38.2-50% of the „last trend leg lower” as the minimum target to get and stay above to tilt the...
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2 Minutes
Forex Today: Powell Drop Stops
Following the souring of risk sentiment after Fed Chair Powell’s Jackson Hole speech last Friday, sentiment seem to have recovered somewhat, sending stock markets mostly higher and halting the strong advance in the US...
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1 Minute
GBP/USD Forex Signal: Still in a Downwards Trend
Long Trade Idea Long entry following a bullish price action reversal on the H1 timeframe immediately upon the next touch of $1.1600. Put the stop loss 1 pip below the local swing low. Adjust...
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0 Minutes
GBP/USD Forex Signal: Drop to 1.200 Likely Ahead of BoE Decision
Bearish View Sell the GBP/USD pair and set a take-profit at 1.2000. Add a stop-loss at 1.2230. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.2200 and a take-profit at 1.2300. Add a...
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