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Good day forex traders.
In the previous EUR/USD forecast we noted that the 1.3 line remains pivotal to the currency pair’s price action. The RSI on the daily suggested that the bearish pressure was weakening.
[I]EUR/USD Chart[/I]
[B]Technical Analysis[/B]
Looking at the daily EUR/USD chart above, we note that a forex gap happened. Again as I said over the years, forex gaps can happen anytime and hence ensure that
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Good day forex traders.
In the previous AUD/USD forecast we noted on the positivity of sentiments as the US Non-Farm payroll impresses. Should nothing fundamental changes, we might see 1.0440 as a bullish target for the currency pair.
[I]AUD/USD Chart[/I]
[B]Technical Analysis[/B]
Looking at the AUD/USD daily chart above we do noted that the 1.0440 target was hit. I love it when my charts work !
The currency
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Good day forex traders.
In the previous EUR/USD forecast we noted on a support at 1.2960. I cautioned against any possible bullish correction targeting the 1.3100 / 1.3150 resistance. The better than expected US Non-Farm Payroll probably injected positive sentiments into the global markets as the US employment market picks up.
[I]EUR/USD Chart[/I]
[B]Technical Analysis[/B]
Looking at the EUR/USD chart above we note
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Good day forex traders.
In the previous AUD/USD forecast we noted that the currency pair was currently in a consolidation region and hence prudence was probably necessarily as both directions of trade would be possible. While China’s slowing import was negative sentiment for the Aussie dollar, the improving US employment market probably brought global positivity.
[I]AUD/USD Chart[/I]
[B]Technical Analysis[/B]
Looking
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Good day forex traders and koalas.
In the previous EUR/USD forecast we note the strong bearish momentum hitting the 1.3 support. Being a usually strong support and resistance region, caution was advised as it could go either ways from here. This made the monitoring of on going developments necessary.
[I]EUR/USD Chart[/I]
[B]Technical Analysis[/B]
Looking at the EUR/USD daily chart above we note that the currency pair