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Day: May 31, 2022

May 31
Murrey Math Lines 30.05.2022 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, EURUSD is within the “overbought area”. In this case, the price is expected to break 8/8 and then continue falling to reach the support at 6/8. Still, this scenario may no longer be valid if the price breaks the resistance at +1/8 […]

May 31
Market Spotlight: EURJPY Channel Break on Watch

Kuroda Comments Weigh on JPYThe Japanese Yen is under pressure once again today, not least from the rebound in risk sentiment which is sapping safe-haven flows. BOJ governor Kuroda was seen making a series of dovish comments to Japanese parliament overnight. Kuroda told lawmakers that the BOJ will continue with its huge monetary easing program […]

May 31
Oat Futures ( ZO1! ), H1 Potential For Bullish Bounce

Type: Bullish RiseKey Levels:Resistance: 731’3Pivot: 699’2Support: 684’6Preferred Case:Price is moving along the ascending trendline and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 699’2 where the pullback support is to the 1st resistance at 731’3 in line with the 78.6% fibonacci projection , 61.8% […]

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