ForexInflux
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GBP/USD Analysis: Is the Pound Still on a Downward Path?
The British Pound to US Dollar exchange rate (GBP/USD) has been on a downward trend recently. Let’s break down what’s happening and what traders should watch for in the coming days. Recent Price Action Technical Analysis: What the Charts Tell Us Looking at the 4-hour chart, we can see a clear falling trend line. This…
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EUR/USD Analysis: Potential for Upward Movement Despite Recent Dip
The Euro to US Dollar exchange rate (EUR/USD) has been showing some patterns lately. 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 movements suggest that despite the recent short-term decline, EUR/USD may still maintain an overall upward trend. Potential…
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USDJPY Forex Outlook: What’s Next for the Dollar-Yen Pair?
The USD/JPY currency pair has been on quite a journey lately, and traders are keeping a close eye on its next moves. Let’s break down the recent price action and potential scenarios for this important forex pair. Recent Price Movements What to Expect in the Coming Days It looks like we’re in for some range-bound…
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UK Pound Shows Resilience Amid Economic Shifts
Last week, the financial markets saw some interesting movements in the British pound sterling. Despite an initial dip following the Bank of England’s decision to cut interest rates, the currency showed signs of recovery by the end of the week. Let’s break down the key factors influencing these changes. Interest Rate Cut and Initial Impact…
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EURUSD Analysis: Breaking Out and Aiming Higher
The EURUSD pair has made a significant move, bouncing strongly from 1.0777 to 1.0926. This impressive rally has resulted in two key technical developments: These developments suggest that the previous downside move from 1.0948 may have completed at 1.0777, potentially marking a trend reversal. Current Technical Picture With the recent breakout, EURUSD appears to have…
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EURUSD Analysis: Downtrend Persists as Channel Resistance Holds
The EURUSD pair has recently attempted to break above the top of the falling price channel visible on the 4-hour chart. However, this attempt has failed, suggesting that the downtrend from the 1.0948 level remains intact. This failed breakout provides important insights into the pair’s current technical situation and potential future movements. Current Technical Picture…
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GBPUSD Analysis: Channel Breakout and Potential Scenarios
The GBPUSD pair has recently made a significant move by breaking above the top of the falling price channel visible on the 4-hour chart. This breakout suggests a potential shift in the short-term trend and opens up possibilities for further upside. Current Technical Picture While the breakout is a positive sign for bulls, it’s important…
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EUR/USD Analysis: Potential Continuation of Downtrend
On Tuesday, the EUR/USD pair showed interesting price action. The pair found support above 1.0795 during its decline, while facing resistance below 1.0835 on upward movements. This behavior suggests that despite short-term gains, the pair may continue its overall downward trend. Current Market Dynamics The recent price action indicates a potential continuation of the bearish…
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USDCHF Market Analysis: Resistance at Trendline Reinforces Bearish Outlook
The USDCHF pair has recently shown signs of weakness, failing to break above the resistance of the falling trendline visible on the 4-hour chart. After reaching a high of 0.8875, the pair pulled back, suggesting that the downtrend from 0.9050 remains intact. Current Technical Picture The pair’s inability to breach the falling trendline resistance reinforces…
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USDJPY Market Analysis: Navigating the Current Downtrend
The USDJPY pair has shown interesting price action recently. After breaking above the top of the falling price channel visible on the 4-hour chart, the pair encountered resistance at 155.21. Subsequently, it dropped to 152.41, suggesting that the overall downtrend from 161.95 remains intact. Current Technical Picture Despite the brief breakout above the price channel,…