Forex Trading Online

EURAUD-The cross formed a bearish h&s pattern in the hourly chart, extending the neck line

The cross formed a bearish h&s pattern in the hourly chart, extending the neck line support with lower low bearish bias. The nearest support zone remains at 1.5000 and 1.4980. The 2Dsma finds at 1.5000. […]

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Todays’ closing might print near and medium term direction of the cross.

The cross closed below the 20 Dsma seems at 2.1200, earlier made a double top at 2.1523. The nearest support levels find at 2.1090, 2.1060 and 2.1000. In the hourly chart, the cross has been […]

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AUDUSD-RBA- the further depreciation of the Australian dollar was expected

Today at Asia’s session, the Aussie Minutes of the Monetary Policy Meeting of the Reserve Bank Board was released. The RBA likely to depreciate the AUD further. “Very low-interest rates were continuing to support strong […]

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GBPUSD-The hourly momentum oscillators indicating oversold. Intraday selling might be limited towards 1.5525 or 1.5500.

The cable again rejected at the cap level 1.5700, close below 50Dsma manage to hold the 20DSma. Ahead of the UK’s CPI data the cable trading near the support zone. Moody: UK GDP is expected […]

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