Forex Analysis
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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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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…
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This Trend Will Likely Soon Rock the U.S. Financial System
By Elliott Wave International Nearly everyone who buys groceries, fills their car tank with gas, pays rent, buys car insurance and so on is talking about the high cost of living. And it’s true that consumer price inflation is higher today than before the pandemic – although, it’s nowhere near as high as it was…
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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…