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The currency pair EUR/GBP is currently edging closer to a significant support level, indicating the potential for a rebound in price and a subsequent approach towards the previous resistance level. This development has caught the attention of market participants who are actively seeking a bullish setup in this particular scenario. As the price of EUR/GBP nears...

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The NZD/JPY currency pair has been exhibiting a consistent upward movement within a bullish channel. This upward trajectory has been punctuated by multiple instances of the price rebounding off the dynamic trendline. As a result, our bias remains strongly inclined towards a new long trading opportunity.

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The price of GOLD persists within a steadfast bearish trend, characterized by a consistent pattern of lower highs and lower lows. This ongoing trend underscores our resolute commitment to a short trading approach, aligning with the prevailing market direction. As we navigate this landscape, our strategic focus remains fixated on capitalizing on the downward...

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The GBP/USD currency pair continues to exhibit a bearish momentum, with the price recently experiencing a temporary pullback at the previous 61.8% and 78.6% Fibonacci retracement levels. Currently, our analysis suggests that we anticipate a new downward movement aligned with the prevailing downtrend, particularly considering the multiple instances of price...

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The GBP/USD currency pair continues to exhibit a strong bullish trend, characterized by upward price movement. After experiencing a reversal at the 1.28500 level, the price has entered a range-bound phase, consolidating within a specific price range. Our analysis suggests that a potential reversal is on the horizon following this period of consolidation. We...

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Bitcoin, the leading cryptocurrency in terms of market capitalization, has managed to maintain its position above $30,000 amidst anticipation of a historically robust July. At present, the price of Bitcoin hovers around $30,165, experiencing a slight 0.9% decline over the past 24 hours. This follows a temporary peak reached last Friday when Bitcoin surged to a...

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In the H1 timeframe, the EUR/USD currency pair is currently exhibiting an overbought Relative Strength Index (RSI) condition. The price action indicates the formation of a right shoulder within a potential Head & Shoulders pattern. Based on our analysis, we anticipate a reversal from this point, suggesting a new short position opportunity. In contrast, the...

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During Tuesday's trading session, the USD/JPY pair experienced a notable occurrence of dip-buying near the 143.75-143.70 support area. As a result, the pair managed to reach a new high not seen since November 2022 in the early European session. This price action has sparked our idea and outlook for a continuation of the ongoing bullish rally in the USD/JPY pair.

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Gold Faces Challenges in Upside Momentum, Rebounds at $1,965 within Range Channel, Potential Short Setup Gold is currently experiencing difficulties in maintaining upward momentum, as the price recently witnessed another rebound around the $1,965 area. This rebound occurred within a defined range channel, indicating the possibility of a new short setup...

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During the previous week, silver experienced a significant decline, losing more than 8.5% from its Monday high to its Friday low. This downward movement seemed to mark the culmination of selling pressure, as evidenced by a notable rebound initiated by buyers on Friday afternoon. It is worth mentioning that this upward momentum in silver contradicts the downtrends...

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The moderate upward movement in the USD Index has come to a close as investors anticipate that the Federal Reserve (Fed) will only raise interest rates once, despite Fed Chair Jerome Powell's confirmation of two rate hikes by the end of the year. This expectation has shifted market sentiment, leading to a softening of US Treasury yields, which has mirrored the...

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The EUR/USD currency pair continues to exhibit a bullish uptrend, with the price having already experienced a rebound within the range of 1.09500 to 1.09800. Currently, our focus lies in this specific zone, as we anticipate a pullback that would retest the area around 1.08600. Such a pullback could potentially pave the way for a new bullish impulse, indicating a...

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After Thursday's 1% rally, the price of gold continued to climb early Friday before pulling back from its five-day highs. This retreat was driven by end-of-week flows and position adjustments, as market participants prepared for the release of top-tier US economic data, including the Consumer Price Index (CPI), and the Federal Reserve's policy announcements....

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After successfully reaching our previous take profit level, the GBP/CAD has experienced a reversal, indicating a shift in price direction. Our analysis suggests that the next target for the GBP/CAD is set at 1.6700. Today, the GBP appears to be bearish across various currency pairs, presenting us with a unique opportunity to ride this wave and capitalize on...

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The USD/CAD currency pair is currently exerting considerable effort to prolong its upward movement beyond the 1.3250 level, with the upcoming release of Canadian Retail Sales data looming on the horizon. One notable factor causing a sense of hesitancy in the market is the anticipation of the Federal Reserve's chosen approach in its pursuit of attaining price...

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The Gold price (XAU/USD) has experienced selling pressure following a tentative recovery, reaching levels near $1,934.74 during the London session. The precious metal has retreated as the Federal Reserve's (Fed) interest rate decision, which was perceived as neutral, failed to instill confidence. Fed Chair Jerome Powell's confirmation of forthcoming interest rate...

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Early on Monday, the EUR/USD pair is experiencing relatively stable fluctuations, remaining above 1.0900 following a significant surge last week. Since there are no major data releases expected to impact the pair's performance, the only potential catalyst would be comments from officials of the European Central Bank (ECB). However, trading activity in the second...

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The GBP/AUD currency pair remains within a persistent bearish trend, as indicated by its price action. Currently, the price is trading within a consolidation range, characterized by alternating rebounds between resistance and support levels. The most recent reversal occurred around the 1.87500 mark within the resistance area. At present, our focus is on the price...