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FTSE 100 index reversed from support zone Likely to rise to resistance level 8300.00 FTSE 100 index recently reversed up from the support area located between the pivotal support level 8050.00 (former monthly low from July), lower daily Bollinger Band and the support trendline of the daily down channel from May. This support area was […]

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11/09/2024

USDJPY Plummets to New 9-month Low

USDJPY confirms the bearish structure Next support at 140.20 Momentum oscillators keep moving negative USDJPY tumbled to a fresh nine-month low of 140.70 earlier today, boosting the bearish structure that started at the beginning of July. If the market ends the day below the 141.60 strong barrier, then the focus will shift to the 140.20 […]
01/05/2024

AUD/USD Stabilizes After Taking a Tumble, Fed Next

The Australian dollar has steadied on Wednesday after sliding 1.4% a day earlier. AUD/USD is up 0.19%, trading at 0.6489 at the time of writing in the North American session. Australian dollar slides after soft retail sales Retail sales in Australia fell 0.4% m/m in March, following a downwardly revised 0.2% gain in February and […]
05/04/2024

USDCAD Ticks Higher Within Ascending Channel

USDCAD bounces off 200-day SMA MACD and RSI are still weak USDCAD is moving slightly higher following the rebound off the simple moving averages (SMAs), remaining within a short-term ascending channel. Technically, the MACD oscillator is holding beneath its trigger line and near the zero level, weakening its momentum, while the RSI is pointing marginally […]