ForexInflux
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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…
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EUR/USD Breaks Higher: Is the Euro Ready for More Gains?
The Euro to US Dollar exchange rate (EUR/USD) has just made a significant move. Let’s break down what’s happening and what it could mean for traders in the near future. Recent Breakthrough EUR/USD has successfully broken above the 1.0945 resistance level, which is a big deal for traders. Now, the pair is testing another crucial…
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Gold at a Crossroads: Will XAU/USD Break Higher or Pull Back?
Current Situation Gold is testing a key resistance level at $2,484 per ounce. This level could determine the precious metal’s direction in the short term. Potential Bullish Scenario If gold breaks above $2,484, it could signal a continuation of the uptrend that began on October 6, 2023, at $1,810. Here’s what to watch for: What…
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USD/JPY Analysis: Yen’s Struggle and Potential Future Moves
On Monday, August 12th, the US Dollar briefly surpassed 148 against the Japanese Yen before pulling back. Let’s break down the recent movements and what they might mean for traders. Recent Developments Current Market Dynamics The USD/JPY pair has entered a phase of adjustment over the past few trading days. However, Jane Foley, Head of…
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GBP/USD Breaks Out: Is the Pound Sterling Ready for a Rally?
The British Pound to US Dollar exchange rate (GBP/USD) has just made a significant move. Let’s break down what’s happening and what it could mean for traders in the near future. Recent Breakthrough GBP/USD has broken above the falling trend line on the 4-hour chart. This is a big deal because it suggests that the…
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EUR/USD at a Crucial Juncture: Will It Break Higher or Pull Back?
The Euro to US Dollar exchange rate (EUR/USD) is currently at a key point. Let’s break down what’s happening and what traders should watch for in the coming days. Current Situation EUR/USD is testing a key resistance level at 1.0945. This level could determine the pair’s direction in the short term. Potential Bullish Scenario If…
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EUR/USD Analysis: Correction or Continuation? Key Levels to Watch
The Euro to US Dollar exchange rate (EUR/USD) has recently pulled back from its highs. Let’s break down the current situation and what it might mean for traders. Recent Price Action The Big Picture As long as EUR/USD stays above the 1.0870 support level, this pullback can be viewed as a correction within the larger…
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GBP/USD at a Crossroads: Will the Pound Break Its Downtrend?
The British Pound to US Dollar exchange rate (GBP/USD) is at a critical juncture. Let’s break down the current situation and what it could mean for traders in the near future. Current Situation GBP/USD is currently testing a key resistance level – the falling trend line on the 4-hour chart. This moment could determine the…
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AUD/USD: Struggles Continue Amid Market Volatility
On Wednesday, August 7, the Australian dollar slipped by 0.01% against the US dollar, closing at 0.6517 USD. This modest decline erased an earlier gain of 0.85%, leaving the pair essentially flat compared to the previous day’s close. The Australian dollar has been under pressure in recent days, following the Reserve Bank of Australia’s (RBA)…
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Yen’s Decline Pauses Amid BOJ Policy Signals and Market Uncertainty
On Wednesday, August 7, the yen briefly dropped to a daily low of 147.88 against the US dollar. This decline followed remarks from Bank of Japan (BOJ) Deputy Governor Shinichi Uchida, who is a highly influential figure within the central bank. Uchida stated that “given the significant volatility in domestic and international financial markets, it…
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Gold Price Analysis: Key Levels to Watch
On Wednesday, gold prices found support above 2378 and faced resistance below 2407. This indicates that, after a brief decline, gold may continue its upward trend. Key Levels to Watch Potential Scenarios Conclusion Gold is currently navigating between key support and resistance levels. Monitoring these levels—2374 and 2353 on the downside, and 2407 and 2425…
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EUR/USD Analysis: Potential Downward Trend After Recent Rally
The Euro to US Dollar exchange rate (EUR/USD) has been showing some movements recently. Let’s break down the current situation and what it might mean for traders in the short term. Recent Price Action What This Means These price movements suggest that after a short-term rise, EUR/USD might continue on a downward path. Potential Scenarios…