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EURGBP reversed from support zone Likely to rise to resistance level 0.8300 EURGBP currency pair recently reversed up from the support zone located between the key support level 0.8225 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this from the support zone is likely to […]

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18/07/2024

EUR/USD Outlook: Dips from New High Following ECB Decision

EURUSD eases further from new multi-week high (1.0948) as markets digested ECB’s decision to stay on hold and repeat its mantra that future action will be dependent on incoming economic data. On the other hand, confidence that the ECB will deliver two more rate cuts by the end of the year continues to strengthen among […]
22/11/2024

GBPCAD Wave Analysis

GBPCAD broke support zone Likely to fall to support level 1.7500 GBPCAD currency pair today broke the support zone between the support level 1.7700 (which reversed the price in August and September) and the 38.2% Fibonacci correction of the upward price move from April. The breakout of this support zone accelerated the active minor impulse […]
11/06/2024

USD/JPY: Remains Constructive and Eyes US Inflation and Fed Verdict for Fresh Direction Signals

USDJPY remains constructive and probing above 157 barrier (the upper borderline of triangular consolidation and Fibo 61.8% of 160.19/151.85 bear-leg), but ranges are narrowing ahead of key releases this week – US inflation report and Fed rate decision, both due on Wednesday. The dollar stands at the front foot following stronger than expected US jobs […]