Forex Analysis
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USD/JPY: Yen Gains Amid Dollar Weakness and Potential Intervention
The daily chart for USD/JPY reveals that the yen has recently made significant progress, driven by a weaker dollar and potential intervention by Japanese officials. The market was caught off guard by Japan’s sudden large-scale yen purchases following positive news such as lower-than-expected US inflation. This is in stark contrast to previous large-scale yen purchases,…
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GBP/USD Update – What’s Next After Recent Gains?
After a strong two-week rally, the GBP/USD currency pair reached a high of 1.3044 last Wednesday, marking its highest point since late July of last year. However, the pair has since pulled back to around the 1.29 level as the U.S. dollar index rebounded. The recent movements of the pound are primarily influenced by three…
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USD/CHF Update – Will the Upswing Continue?
The USD/CHF currency pair has seen a significant bounce from the 0.8819 level, rising as high as 0.8923. However, it is currently facing resistance from a falling trend line on the 4-hour chart. If the price manages to break above this trend line, we could see further gains, with the next resistance level around 0.8990.…
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USDJPY Technical Analysis: Navigating the Falling Price Channel
The US Dollar/Japanese Yen (USDJPY) pair has been showing some interesting patterns lately. Let’s break down the current situation and potential scenarios based on the 4-hour chart analysis. Current Trend Bearish Scenario As long as the price remains within the channel: Bullish Scenario For a bullish reversal, we’d need to see: Key Levels to Watch…
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EURUSD Technical Analysis: Breaking Down the Price Channel
The Euro/US Dollar (EURUSD) pair has shown some interesting movements recently. Let’s break down the current situation and potential scenarios based on the 4-hour chart analysis. Recent Developments Bearish Scenario If EURUSD breaks below the 1.0871 support: Bullish Scenario As long as the 1.0800 support holds: Key Levels to Watch Support Levels Resistance Levels Potential…
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AUD/USD Market Analysis: Recent Trends and Key Factors
On Friday, July 19th, the Australian Dollar (AUD) faced some challenges against the US Dollar (USD): Factors Influencing the Market Risk Aversion US Treasury Yields Commodity Prices Positive Signs for the AUD Despite the recent challenges, there are some positive indicators for the AUD: Technical Analysis From the daily chart: As long as AUD/USD stays…
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USD/JPY Market Analysis: Recent Movements and Key Factors
On Friday, July 19th, the USD/JPY pair saw some interesting movements: Factors Influencing the Market Japanese Inflation Bank of Japan (BOJ) Meeting Minutes Looking Ahead Upcoming BOJ Meeting Technical Analysis From the daily chart, the downward trend of USD/JPY shows no signs of changing yet. Key levels to watch: Resistance Levels Support Levels Conclusion The…
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EUR/USD Market Analysis: Key Levels and Potential Movements
The Euro/US Dollar (EUR/USD) pair has been showing interesting price action lately. Let’s break down the recent movements and look at potential scenarios for today’s trading. Recent Price Action Today’s Outlook If EUR/USD faces resistance below 1.0915 today, we could see a downward movement targeting the 1.0870 – 1.0860 range. Key Levels to Watch Resistance…
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GBPUSD Market Analysis: Key Levels to Watch
The British Pound/US Dollar (GBPUSD) pair has recently shown some interesting movements. Let’s break down what’s happening and what traders should keep an eye on. Recent Developments What to Expect In the coming days, we’re likely to see the pair trade within a range: Potential Scenarios Bullish Outlook If the 1.2800 support holds strong: Bearish…
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AUD/USD Analysis: Recent Decline and Key Factors to Watch
On Tuesday, July 16th, the AUD/USD pair experienced a 0.4% decline, closing at 0.6733. During the trading session, it touched a low of 0.6712. This drop has left many Aussie bulls concerned about the currency’s near-term prospects. Key Factors Influencing the Aussie Dollar Technical Analysis Daily Chart Outlook: Key Level to Watch: Potential Scenarios: Outlook…
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The Pound Sterling’s Potential Rally: Analyzing Key Factors
The British pound has been showing strength against the US dollar recently. Let’s break down the main factors driving this trend and explore what it could mean for the future. Interest rate differences are a crucial driver for currency values, and currently, they’re favoring the pound. Here’s why: The UK’s growth outlook has improved recently:…
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Euro Rebounds Against Dollar: Economic Data and Policy Expectations in Focus
The euro has been on a upward trend against the US dollar recently, climbing from around 1.07 to touch a high of 1.0911 last week – its highest level since June 7. This rebound comes as US economic data weakens and inflation continues to cool down. However, the eurozone isn’t without its own challenges. The…