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Technical Analysis – GBPJPY surges above 188.00 key barrier

GBPJPY jumps above 188.00, confirming a higher low A break above 193.50 could brighten the picture A move below 183.70 may turn the outlook back to bearish GBPJPY traded higher on Thursday, clearing the key resistance (now turned into support) barrier of 188.00. The move confirmed the higher high at 183.70, which cancels the bearish picture.
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Technical Analysis – AUDUSD posts new 9-month high

AUDUSD rally continues after bounce off 200-day SMA Technical oscillators are mixed AUDUSD has printed a fresh nine-month high of 0.6838 earlier today, creating the fourth consecutive green candle. The pair found significant support at the 200-day simple moving average (SMA) at 0.6620, continuing the medium-term bullish structure. The technical oscillators are showing some contradicting sings in the daily chart.
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Midweek Technical Look - Gold, US 500, GBPJPY

Gold touches 2,600 after Fed decision US 500 records another all-time high; strong bullish bias today GBPJPY posts several days of gains; bearish cross within SMAs
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Technical Analysis – Ethereum benefits from Fed decision

The crypto market has responded favorably to the Fed rate cut Ethereum is in the green but a bearish trend is still in place Momentum indicators are turning bullish Ethereum is experiencing a green session today, recovering from Monday’s correction and preparing to test the recent $2,464 high. The crypto world appears to be benefiting from Wednesday’s aggressive Fed rate cut, contrary to the US stock indices being under pressure.
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Technical Analysis – GBPUSD unlocks new high, but eyes remain on 1.3200

GBPUSD prints new high near 1.3300 after FOMC rate decision Technical signals remain bullish but clear close above 1.3200 is needed BoE expected to leave rates steady at 11:00 GMT   GBPUSD remains committed to closing above the 1.3200 level for one more day. The Fed delivered a surprise double rate cut of 50bps on Wednesday, lifting the pair to a new 2 ½-year high of 1.3296. Powell expressed confidence in avoiding a downturn but gave no clear indication of the pace of the easi
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Technical Analysis – NZDUSD leads the pack as FOMC rate decision looms

NZDUSD bulls retake control; fight for a close above 20-SMA Short-term bias is positive, but there are more obstacles on the upside   NZDUSD is a top performer today as investors are actively waiting for the Fed’s rate decision. The pair picked up positive momentum above its 20-day simple moving average (SMA) at 0.6195, which has been rejecting bullish actions over the past week.
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GBPCAD trades higher after strong UK CPI report Canadian CPI later today could reverse the recent trend Momentum indicators are mostly bullish GBPCAD is trading higher today, benefiting from a strong UK CPI inflation report that most likely cements expectations that the BoE will not announce a rate cut on Thursday. GBPCAD continues to experience a decent bullish trend from the April lows, and it is now preparing to retest the September 29, 2023 ascending trendline.
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Technical Analysis – EURGBP trades within tight channel

·       EURGBP finds strong resistance at 50-day SMA ·       Momentum oscillators hold below their mid-levels EURGBP is trading within a narrow range of 0.8420-0.8460 over the last couple of weeks, remaining capped by the flat 50-day simple moving average (SMA) around the 0.8460 resistance. Technically, the RSI indicator is pointing south marginally beneath the 50 level; however, the MACD oscillator is holding above its trigger line beneath the zero line with weak momentum.
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Technical Analysis – USDJPY poised for a new bullish wave; will it succeed?

USDJPY sets the ground for a bullish reversal, but it's still trapped below key resistance Technical signals cannot rule out more bearish actions; sellers wait below 140 Fed to deliver its first rate cut in four years at 18:00 GMT   USDJPY turned green on Tuesday, marking its best daily session in a month after securing a solid base around the 140 number.
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Technical Analysis – US 100 index in anticipation mode ahead of the Fed

US 100 index trades sideways ahead of the Fed meeting It battles with the July 11, 2024 descending trendline Momentum indicators are tentatively bullish The US 100 cash index is moving sideways today, continuing its low volatility sessions, as market participants are staying on the sidelines ahead of the crucial Fed meeting. The first Fed rate cut since March 2020 will most likely be announced later today with speculation being rife about a 50bps rate cut, with arguable impact on s
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Gold stands beneath 20-period SMA MACD and RSI lose positive momentum Gold prices have declined from the all-time high of 2,589.66 over the last couple of days, meeting the 2,560 support level and being capped by the 20-period simple moving average (SMA). According to technical oscillators, the MACD is diving beneath its trigger line in the positive territory, while the RSI is falling near the neutral threshold of 50. If there is a drop below the 2,560 support level, then the market
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Technical Analysis – US 30 index records another all-time high

US 30 posts several days of gains Price holds near upper band of ascending channel Stochastic looks overbought The US 30 cash index experienced a new all-time high during Monday’s session touching the 41,740 level. The price completed four consecutive green days following the strong rebound off the 40,000 psychological mark and continues to hold near the upper boundary of the upward sloping channel.

Technical Analysis – Will EURUSD take its bullish chances?

EURUSD slows pace after a quick bounce to 1.1135 Short-term trendline in focus; technical bias remains positive US retail sales due at 12:30 GMT   EURUSD started the week on the right foot, finishing Monday’s session comfortably higher, though around the short-term resistance trendline at 1.1135, which poses a risk. The pair is currently lacking momentum, but the bulls are still in town according to the technical indicators.
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Technical Analysis – EURJPY seems to have found a floor

EURJPY rebounds off 155.15 Immediate resistance at downtrend line RSI and MACD look negative EURJPY held losses for the second week in a row, dropping towards the 155.15 support, which stands slightly above the more-than-seven-month low. Technically, the price could lose some ground in the short term as the RSI is changing direction to the downside and towards its 30 mark, while the MACD is still standing beneath its trigger and zero lines.
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Weekly Technical Outlook – USDJPY, EURUSD, GBPUSD

EURUSD speeds up to test 1.1100 area as debate over a bold Fed rate cut continues USDJPY hits 14-month low; BoJ awaited to give direction on rate hikes GBPUSD shifts to the upside ahead of CPI data and BoE rate decision   FOMC rate decision --> EURUSD The Fed will announce its rate decision on Wednesday at 18:00 GMT and the question is not if, but by how much it will cut interest rates.
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US 500 index holds above 20- and 50-day SMAs Stochastics and RSI turn slightly lower MACD remains above its trigger and zero line The US 500 (cash) index added around 5% so far, following the pullback off 5,385 and posted five consecutive green days. The price is ready to rechallenge the previous peak of 5,650 ahead of the all-time high of 5,673.39. Steeper increases may open the way for a test of the 161.8% Fibonacci extension level of the latest bearish correction from 5,673.39 t
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Technical Analysis – USDJPY unlocks new 14-month low

USDJPY dives below 140.70 key level Momentum oscillators continue downside pressure USDJPY has declined considerably towards a new 14-month low of 139.56 earlier today, continuing the significant sell-off. The price has been in a bearish tendency since mid-August with the technical oscillators confirming the current move. The MACD oscillator is standing beneath its trigger and zero lines, while the RSI is crossing below the 30 level.
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Technical Analysis – Gold flies to fresh all-time high near 2,600

Gold posts bullish days Prices find support at 20-day SMA MACD and RSI in positive areas Gold prices are skyrocketing to another fresh all-time high today around 2,589.40 with the next major obstacle coming from the 2,600 round number. The price has recorded an aggressive buying interest over the last couple of days after the strong bounce off the 20-day simple moving average (SMA) at 2,510. Technically, the MACD oscillator is extending its upside move above its trigger and zero l
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Technical Analysis – GBPJPY makes a backflip, but patience needed

GBPJPY resumes negative momentum, but hopes for a pivot remain Sellers need a close below 185.65 to take full control   GBPJPY came under renewed downside pressure after closing Thursday’s session with mild gains around 186.00. The pair shifted from a recent low of 183.70 earlier this week, forming a hammer candlestick and giving hope for a potential upward reversal.
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Technical Analysis – USDCAD flirts with 200-day SMA again

USDCAD remains below 1.3600 MACD and RSI indicate upside recovery USDCAD is moving back and forth of the 200-day simple moving average, which is standing marginally beneath the 1.3600 round number. Earlier in the week, the market successfully travelled towards the 1.3620 bar, adding optimism for more bullish actions. The technical oscillators are confirming an upside recovery after prices bounced off the 1.3440 support level.
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