CallieR
EUR/JPY bearish triangle and long setup
On EURJPY, we can observe a descending triangle pattern, as the price generated a large bearish candle of over 80 pips around 9 o'clock on the H1 timeframe. Currently, the price is approaching a Forex48 block, which is a high reaction zone, especially if there's a double confirmation on the M15 time
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NZD/USD Price Analysis: Kiwi negates bearish pattern with a move above 0.66
NZD/USD closed above 0.66 on Wednesday, invalidating a double top bearish pattern.
Daily chart indicators continue to call a bearish move.
The NZD/USD pair clocked a session high of 0.6628 a few minutes before press time, having closed above 0.66 on Wednesday.
The pair's break above 0.66 has inv
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A rise for gold?
Over the last week, the price of the yellow metal was seen to track an upward rise - approaching $1,900, on the back of USD weakness and sluggish US equities.Should the stimulus package be approved, it will further add on to the US public debt which is currently climbing at a historic pace– which in
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XE Market Analysis: North America - Sep 30, 2020
The dollar and yen picked up some safe haven demand during pre-London trading in Asia, though not before printing fresh lows against many currencies in pre-London trading in Asia. Month- and quarter-end factors contributed to some positional chop in currencies and other markets. Stock markets tumble
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AUD/USD follows equities higher following positive US data
AUD - Australian Dollar
The overnight session saw the AUD rise from 0.7100 to 0.7174 against its US counterpart as US equity markets rose. US equities were bolstered by stronger than expected economic data out of the US, coupled with increased hopes that US lawmakers would soon agree to a long-await
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Pull-up Update