Best selling entry points Entering a short position with a pending order from levels of 18.33 Set a stop-loss point to close the lowest support levels at 18.55. Move the stop loss to the...
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AUD/USD Forecast: Aussie Rallies After Cool CPI Figure
The AUD/USD currency pair rallied significantly on Wednesday as the CPI number came out much cooler than anticipated. Because of this, the idea is that the Federal Reserve can start to pivot a bit, but it’s...
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USD/JPY fails to hold above 135.00 on the day
The jump higher in the dollar after the US jobs report on Friday was encouraging but there still needs to be more in order to vindicate a return back to the year’s highs for...
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EUR/USD Forecast: Pair Bangs Around in the Same Rectangle
The EUR/USD currency pair has rallied on Thursday to show signs of continuation in the same range that we have been in. The question now is whether or not we continue to see put downward pressure...
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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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GBP/USD: FURTHER GAINS COULD REVISIT 1.2335 AHEAD OF 1.2400 – UOB
FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang noted the upside in GBP/USD carries the potential to advance to the 1.2335 levels ahead of 1.2400 in the next few weeks. KEY QUOTES...
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German retail sales, euro area manufacturing PMIs on the agenda today
USD/JPY is once again the notable mover as we start the new week, with the pair down 0.5% to 132.50 levels at the moment. Other major currencies are little changed as we look to...
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EUR/USD Forex Signal: Another Drop to Parity Highly Likely
Bearish view Set a sell-stop at 1.0100 and a take-profit at 1.000. Add a stop-loss at 1.0200. Timeline: 1 day. Bullish view Set a buy-stop at 1.0225 and a take-profit at 1.0280. Add a...
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GBP/USD Forecast: Squeezing Higher
The GBP/USD currency pair initially dipped Monday to break below the 1.20 level, only to turn around and show signs of life again.At this point, the market is likely to continue to try to go higher,...
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XRP/USD: As a Sentiment Indicator Ripple Sounds a Loud Alarm
XRP/USD is traversing important near term lows as this morning; this after the cryptocurrency has not been able to break through persistent resistance. XRP/USD is trading near 34 and half cents as of this...
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