Day: August 7, 2023
GBPJPY Sitting on Key Support GBPJPY price action is looking interesting here. The pair is essentially trading in range between 179.95 and 184.33, reflecting a pause in upside momentum on the back of the bull move off the YTD lows. We recently saw a failed downside break of the range, with the market quickly reversing […]
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USDCAD, “US Dollar vs Canadian Dollar” USDCAD has formed a Shooting Star reversal pattern on H4. Currently, the instrument could go by the reversal signal in a descending wave. The decline target might be 1.3340. Next, the price might rebound from the support and continue the uptrend. However, the quotes could rise to 1.3420 without […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have broken the 200-day Moving Average on H4 and are now below it, which indicates a potential downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the support at 4/8 (1.0986) is expected, followed by a decline to the level of […]
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