Forex Trading Online

USDZAR: We believe the price action likely to visit the higher end of the triangle.

Photo source: Reuters USDZAR spotted with a triple bottom and rebound nearly 4%. It has been moving higher for five straight sessions and settles above 20&50MA. The price pattern spotted with a symmetrical triangle. We […]

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USDJPY: US CPI, Retail sales and next week’s FOMC statement are the key risk events.

USD dominance continues against AUD,EUR,JPY,CHF,TRY and ZAR so far this week. Gold, Silver, Platinum, Palladium and Copper pullback. Oil prices extended the rally. USDJPY rebounds on the third straight day, closed with 0.3% gains on […]

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AUDUSD: Trend casts on August jobs data.

AUDUSD failed to close above July high 0.8065 and retraced below 0.8000/50.0% 0.7807-0.8125 rally. Ahead of the August jobs data today (Thu) the AUD trading on a bearish note. Recent commodity strength likely to advance […]

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GBPNZD: Support base finds at between 1.7920-1.7900.

Among the GBP crosses, GBPNZD has a potential to generate higher returns. The 2017 NZ general election (Sep 23) is the risk event to our view. We initiated our buying stance at 1.7940 a week […]

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