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Forex

EUR/USD Forecast: Correction Underway
EUR/USD Forecast: Correction Underway

The currency pair EUR/USD rebounded from the upper boundary of the daily range. The asset is heading down now. The currency pair might potentially undergo correction around the supporting level of...

USDJPY H4 | React off resistance level
USDJPY H4 | React off resistance level

TitleUSDJPY H4 | React off resistance levelTypeBearish ReversalPreference:Price is approaching our pivot point at 1.34188 which is an overlap resistance that lines up with 23.6% Fibonacci retracement....

GBPUSD H4 | Potential reverse from 50% Fibo
GBPUSD H4 | Potential reverse from 50% Fibo

TitleGBPUSD H4 | Potential reverse from 50% FiboTypeBullish bouncePreference:Price is dropping to our pivot point at 1.25559 which is an overlap support that lines up with 50% Fibonacci retracement. A...

Inflation Report Boosts Dollar, Fed's Pause Looms: Market Insights
Inflation Report Boosts Dollar, Fed's Pause Looms: Market Insights

The inflation report gave the dollar a little boost, causing it to gain almost half a percent against the euro and Swiss franc on Thursday. Commodity currencies took a hit alongside the commodity...

Daily Technical Trade Setups For DXY, EURUSD & USDJPY
Daily Technical Trade Setups For DXY, EURUSD & USDJPY

Daily Technical Trade Setups For DXY, EURUSD & USDJPYTo access today's actionable analysis, click here!...

DXY H4 | Rising into resistance
DXY H4 | Rising into resistance

TitleDXY H4 | Rising into resistanceTypeBearish ReversalPreference:Price could approach the pivot point of 101.4301 and potentially reverse from here, we could see momentum carry price down to its 1st...

GBPUSD Holding Near Highs Ahead of BOE Tomorrow
GBPUSD Holding Near Highs Ahead of BOE Tomorrow

BOE OutlookGBPUSD is holding near recent highs today ahead of the BOE meeting tomorrow. The BOE is widely expected to hike rates a further .25% on the back of recent CPI data which showed inflation...

USDJPY H4 | React off resistance level
USDJPY H4 | React off resistance level

TitleUSDJPY H4 | React off resistance levelTypeBearish ReversalPreference:Price is currently at our pivot point of 135.368 which is an overlap resistance level that lines up with 38.2% Fibonacci...

Daily Market Outlook, May 10, 2023
Daily Market Outlook, May 10, 2023

Daily Market Outlook, May 10, 2023Asian equity markets maintained a muted tone overnight, mostly in the red after a lacklustre handover from Wall Street, where Fed officials comments were deemed more...