2018

NZDUSD intra-day analysis NZDUSD (0.7185): The New Zealand dollar was broadly unmoved as the Kiwi maintained gains against the U.S. dollar. However, on the daily charts, price action closed with a strong outside bar and a possible…
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Daily Forex Market Preview, 11/01/2018 The Japanese yen continued to strengthen significantly across the board and investors digested news about the potential tapering. On Tuesday, BoJ announced that it would reduce its bond purchases on…
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USDJPY intra-day analysis USDJPY (111.76): The USDJPY broke down strongly towards the downside from the triangle pattern on the daily chart. Price action is likely to eventually test lower at 110.70 which is pending a retest of support.…
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The weekly high and low breakout trading strategy is one of the simplest and easy to understand. When combined with other elements, such as price action and the overall trend of the market, traders will be able to trade at ease without…
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NZDUSD intra-day analysis NZDUSD (0.7170): The New Zealand dollar was seen holding on to the gains with price briefly testing the support established at 0.7160. Price action has remained flat above this level and comes at a risk of a…
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USDJPY intra-day analysis USDJPY (112.31): The USDJPY also extended losses yesterday with price action falling close to the 112.04 level of support. Currently, we notice a rebound in prices but, the bearish momentum is likely to see…
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Daily Forex Market Preview, 10/01/2018 The U.S. dollar was seen extending it’s gains from the previous day. The lack of economic data on the day saw the markets focusing on rumors that the Bank of Japan could be reducing its bond…
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Last week IHS Markit released the monthly UK PMI's covering the manufacturing, construction and services sector for the month of December. According to the report, the Purchase Manager's Index surveys showed that, despite the ongoing…
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NZDUSD intra-day analysis NZDUSD (0.7175): The New Zealand dollar was broadly muted yesterday as price action consolidates above the 0.7160 handle. The Stochastics oscillator shows price action losing its momentum. This could indicate a…
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USDJPY intra-day analysis USDJPY (112.60): Despite the USD posting a rebound, the USDJPY closed with a doji, accompanied by follow through price action showing a decline in early trading today. The reversal comes off the test of the…
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