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GBPCHF – British Pound To Gain Pace Vs Swiss Franc above 1.2380 Key Points • The British Pound started an uptrend from the 1.2260 level against the Swiss Franc and likely to trade higher in the near term. • There was a contracting triangle pattern with resistance at 1.2350 on the hourly chart...

AUDUSD – Aussie Dollar Poised For Further Declines Vs US Dollar Key Points • The Aussie Dollar made a top at 0.7620 against the US Dollar and currently under selling pressure. • There was a break below a crucial bullish trend line with support at 0.7585 on the hourly chart of AUDUSD. AUDUSD...

AUDUSD – Aussie Dollar Remains Range Bound Vs US Dollar Key Points • The Aussie Dollar is trading in a range above the 0.7525 support against the US Dollar. • There is a solid bullish trend line with support at 0.7530 forming on the hourly chart of AUDUSD. AUDUSD Technical Analysis The Aussie...

GBPJPY – Can British Pound Recover Above 142.50 Vs Japanese Yen Key Points • The British Pound made a downside move below 143.00 against the Japanese Yen, and later found support at 141.95. • The GBPJPY pair is currently attempting a break above a bearish trend line at 142.42 on the hourly...

EURGBP – Euro to Move above 0.8750 Vs British Pound? Key Points • The Euro remains in an uptrend vs the British Pound with a close above the 0.8680 resistance. • There is a major bullish trend line with support at 0.8700 formed on the hourly chart of EURGBP. EURGBP Technical Analysis The Euro...

CADJPY – Canadian Dollar Extends Recovery Above 82.00 Vs Yen Key Points • The Canadian Dollar after declining close to the 80.50 support against the Japanese Yen started a recovery. • There CADJPY pair started an upside move, and broke a bearish trend line at 81.75 on the hourly chart. CADJPY...

USDCHF – US Monstrous Decline Looks Real vs Swiss Franc Key Points • The US Dollar traded sharply lower this week and tumbled by more than 200 pips towards 0.9760 against the Swiss Franc. • There are two bearish trend lines formed at 0.9820 and 0.9835 on the hourly chart of USDCHF. USDCHF...

EURCHF – Euro Struggling To Hold Gains Vs Swiss Franc Key Points • The Euro made a nice upside move and traded close to the 1.10 handle against the Swiss Franc. • The EURCHF pair is currently correcting lower and formed an expanding triangle with support at 1.0920 on the hourly chart. EURCHF...

EURGBP – Uptrend Initiated For Euro to British Pound Key Points • The Euro managed to pop higher after trading towards 0.8380 against the British Pound. • The EURGBP pair recently broke a few crucial bearish trend lines with resistance at 0.8400 on the hourly chart. EURGBP Technical Analysis...

USDJPY – US Dollar To Break Higher Soon Vs Japanese Yen? Key Points • The US Dollar gained bids recently and moved above 122.50 against the Japanese Yen. • The USDJPY pair is currently trading inside a breakout pattern with resistance at 122.90 on the hourly chart. USDJPY Technical Analysis...

NZDUSD – Can New Zealand Dollar Continue To Hold 0.6850? Key Points • The New Zealand Dollar collapsed recently towards 0.6850 against the US Dollar where it found support. • The NZDUSD pair is currently finding it hard to settle above a bearish trend line with resistance at 0.6875 on the...

USDCHF – Is This Real Break In US Dollar To Swiss Franc? Key Points • The US Dollar after forming support at 0.9890 against the Swiss Franc moved higher. • The USDCHF pair broke a bearish trend line with resistance at 0.9945 on the hourly chart. • Today in Switzerland, the Retail Sales for...

EURCAD – Euro Setting Up For Another Break Vs Canadian Dollar Key Points • The Euro moved towards 1.4900 against the Canadian Dollar before correcting lower. • There is a critical contracting triangle pattern with support at 1.4780 formed on the hourly chart of EURCAD. • Today in the Euro Zone...

CADJPY- Risk On Sentiment Pushing CAD to JPY Higher Key Points • The Canadian Dollar gained traction and moved above 81.50 against the Japanese Yen, considering the positive French election outcome. • The CADJPY pair is now well above a bearish trend line with resistance at 81.05 on the hourly...

AUDUSD – Aussie Dollar About To Break Higher Vs US Dollar Key Points • The Aussie Dollar surged higher towards 0.7600 against the US Dollar before starting a consolidation. • There is a major bullish trend line with support at 0.7575 formed on the hourly chart of AUDUSD. • Earlier today, the...