ForexInflux
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USDJPY: Correction or Trend Reversal? What Traders Need to Know
USDJPY has been in decline, falling from a high of 149.36. The pair recently touched a low of 144.45. Short-Term Outlook: Big Picture View: Key Levels to Watch: What This Means for Traders: Remember, forex markets can be volatile, so always use proper risk management techniques in your trading.
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EURUSD: Bulls in Control as Uptrend Continues
EURUSD has been on an upward trajectory, climbing from 1.0777. The pair recently reached a high of 1.1173, showing strong bullish momentum. Key Levels to Watch: Technical Outlook: What Could Change the Outlook? Trader’s Takeaway: While the trend remains bullish, always be prepared for potential reversals or consolidations. Keep an eye on key levels and…
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USDCHF: Downtrend Continues as Key Resistance Holds
The USDCHF (US Dollar/Swiss Franc) pair has been facing some challenges lately. Let’s break down what’s happening and what it might mean for traders. Recent Price Action: What This Means: Potential Targets: What to Watch: Remember, always practice proper risk management and stay informed about market conditions before making any trading decisions.
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EUR/USD Breaks 1.1100: Is the Euro on the Verge of 1.12?
The Euro to US Dollar exchange rate (EUR/USD) has been on a strong upward trajectory, and the latest developments are quite exciting for traders. Let’s dive into the details. Breakthrough at 1.1100 EUR/USD has extended its upward move from the 1.0777 level, reaching as high as 1.1132. This is a significant milestone, as the pair…
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EUR/USD Breaks Higher: Is the Euro Set for Further Gains?
The Euro to US Dollar exchange rate (EUR/USD) has made a significant move upwards. Let’s break down what’s happening and what it could mean for traders in the near future. Recent Breakthrough EUR/USD has broken above the key resistance level of 1.1047, extending its upward move from the recent low of 1.0777. The pair has…
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GBP/USD Surges: Is the Pound Sterling Eyeing the 1.30 Mark?
The British Pound to US Dollar exchange rate (GBP/USD) has made a significant move upwards. Let’s break down what’s happening and what it could mean for traders in the near future. Recent Breakthrough GBP/USD has extended its upward move from the recent low of 1.2664, reaching a new high of 1.2952. This move is particularly…
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EUR/USD at a Crossroads: Will the Euro Push Higher?
The Euro to US Dollar exchange rate (EUR/USD) is at an interesting juncture. Let’s break down what’s happening and what it could mean for traders in the near future. Recent Developments What This Means for Bulls If EUR/USD breaks above 1.1047, it could signal a continuation of the upward trend that started at 1.0777. Here’s…
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AUD/USD Climbing: Is the Aussie Dollar Set for More Gains?
The Big Picture AUD/USD is currently moving within a rising price channel on the 4-hour chart. This suggests that the uptrend that began at 0.6349 is still intact. The recent pullback from the 0.6642 high looks like a temporary pause rather than a reversal. What This Means for Bulls As long as the pair stays…
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EUR/USD Hits New Highs: What’s Next for the Euro?
The Euro to US Dollar exchange rate (EUR/USD) has made some significant moves recently. Let’s break down what’s happening and what it could mean for traders in the coming days. Recent Breakthrough EUR/USD has successfully broken above the key 1.1008 resistance level, extending its upward move from the 1.0777 low to reach a new high…
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USD/JPY in a Holding Pattern: What’s Next for the Dollar-Yen Pair?
The US Dollar to Japanese Yen exchange rate (USD/JPY) has been in a consolidation phase recently. Let’s break down what’s happening and what it could mean for traders in the near future. Current Situation USD/JPY has been trading sideways for several days, bouncing between two key levels: This range-bound movement could be seen as a…
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USD/CAD Plummets: What’s Next for the Dollar-Loonie Pair?
USD/CAD has fallen sharply from a high of 1.3946 to a low of 1.2703. Technical Analysis: What the Charts Tell Us Looking at the 4-hour chart, we can see a clear falling trend line. This line is crucial for understanding the pair’s potential next moves. Bearish Scenario: Further Downside Possible Potential Bullish Reversal While the…
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GBP/USD Surges: Is the Pound Sterling Set for Further Gains?
Recent Breakthrough GBP/USD has successfully broken above the key resistance level at 1.2839. This breakout has allowed the pair to extend its upward move from the recent low of 1.2664, reaching as high as 1.2872. What This Means for Bulls The recent price action suggests that the upward trend might continue. Here’s what traders should…