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…