USDCHF- trading near support zone, likely to bounce

The pair has been falling for five consecutive days. Closed and trading below all the daily moving averages. At today’s Asia’s session, the pair is trading at 0.9360 compared to 0.9301 Monday’s close. The pair […]

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AUDCAD-re-testing the weekly neckline, sell on rise favors the trend

The Chinese slowdown, Yuan devaluation worries spread to the financial system, sharply fell across the globe. The Yen and Euro are the two currencies favored the bull’s account of safe heaven.  Besides, AUD & NZD […]

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USDJPY- The earlier support base finds at 115.50.

Japan’s economy minister Akira Amari: investors to buy safe-haven yen. Global stock markets fell together from China. The need for global stock markets fell to calmly. Japan and the US economic fundamentals are sound; the […]

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GBPUSD- some more head room available, buy on dips favors the trend.

The cable finally managed to close above the large consolidating zone refresh high at 1.5800 2-month high. After the last weeks, FOMC minutes the Fed rate hike dilemma went viral, which also puts the BoE […]

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