Forex Analysis

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GBP/USD Remains At Risk, USD/CAD Eyes More Gains

GBP/USD started a major decline below the 1.2300 support. USD/CAD is showing positive signs and gaining pace above the 1.2950 level. Important Takeaways for GBP/USD and USD/CAD· The British Pound started a fresh decline from the 1.2400 resistance zone. · There was a break

Gold Price Faces Resistance While Oil Price Aims Higher

Gold price started a fresh decline from the $1,920 resistance. Crude oil price is rising and might gain pace above the $107 resistance. Important Takeaways for Gold and Oil· Gold price started a fresh decline from well above the $1,900 zone against the US Dollar. · There is a

EUR/USD Remains At Risk, USD/JPY Might Correct Gains

EUR/USD is attempting an upside correction and facing resistance near 1.0550. USD/JPY might correct lower if it trades below 130.00. Important Takeaways for EUR/USD and USD/JPY· The Euro started an upside correction from the 1.0500 zone. · There is a key bearish trend line

GBP/USD and EUR/GBP: British Pound Remains In Downtrend

GBP/USD started a fresh decline from well above the 1.2650 level. EUR/GBP is rising and might attempt an upside break above the 0.8600 resistance zone. Important Takeaways for GBP/USD and EUR/GBP· The British Pound started a fresh decline from well above 1.2650 against

AUD/USD and NZD/USD Might Struggle To Recover Losses

AUD/USD gained bearish momentum below the 0.7150 support zone. NZD/USD started a major decline after it faced sellers near 0.6565. Important Takeaways for AUD/USD and NZD/USD· The Aussie Dollar started a fresh decline after it struggled near 0.7265 against the US Dollar. · There

EUR/USD and EUR/JPY Could Extend Downsides

EUR/USD started a fresh decline from the 1.0750 resistance. EUR/JPY could extend downsides if there is a move below the 136.50 support. Important Takeaways for EUR/USD and EUR/JPY· The Euro failed to clear the 1.0750 resistance and started a fresh decline. · There is

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