UnknownUnicorn890690

UnknownUnicorn890690

The CAD/JPY currency pair has been dominated by two channels. The junior descending channel pattern has confined the rate since early December. The Canadian Dollar has lost about 9.17% of its values against the Japanese Yen since the decline began. The exchange rate is currently trading near the bottom border of the junior descending channel at 78.41. If this...

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The Canadian Dollar has been depreciating against the Swiss Franc in a channel down since the beginning of December. During this period of decline, the currency pair managed to reach March 2018 low at 0.7229. Daily technical indicators demonstrate that bears are likely to dominate the exchange rate today. The potential target for bearish traders will be at the...

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The yellow metal's price has surged above the 1,285.00 level by the middle of Wednesday's trading session. Moreover, the surge was expected to continue. In general, it could be observed that the commodity price was pushed higher by the 55-hour simple moving average. The price surged and retraced back down to the SMA during the last couple of weeks.

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Dukascopy Analytics were surprised to find out that the previously drawn descending pattern, which was in focus of the daily reviews before Christmas, was still holding at the start of January. In general, the pair had reached the lower trend line of the pattern and bounced off of it on Wednesday. Due to that reason it was expected that the rate should surge....

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On Wednesday, the GBP/USD was piercing one support level after another near the 1.2690 mark. Namely, various SMAs and pivot points were being passed. If the rate passes clearly below the 1.2680 level, it will be expected to fall as low as the 1.2630 level, as between these two technical levels there is no other support level. However, with the start of a new...

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The EUR/USD first daily review reveals that the currency exchange rate was standing at a strong technical support cluster at 1.1420. The cluster was made up of the 100 and 200-hour simple moving averages and the weekly pivot point. The rate is either going to clearly bounce off the mentioned support clusters and surge up to the 55-hour SMA at 1.1450 and...

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The Australian Dollar has been moving in a five-month descending channel pattern against the New Zealand Dollar. The currency pair reversed from the upper boundary of a dominant descending channel at 1.1150 on August 7 and followed by downside wave. As for the short-term future, it is likely that the currency exchange rate will aim at the lower boundary of the...

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The dominant pattern that has guided the AUD/CHF exchange rate for the last one year is a descending channel pattern. As apparent on the chart, the pair reversed from its upper boundary on December 3 and has since traded in a narrow channel down. The Aussie is currently stranded between two important support and resistance areas. The pressure from both sides...

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The Australian Dollar depreciated about 76 base points against the US Dollar on Friday. The decline was stopped by the lower boundary of an ascending channel pattern at 0.7160. Everything being equal, it is likely that the currency exchange rate regains some of its lost points within this session. The potential upside target will be near the monthly resistance...

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During Friday’s trading session, the currency exchange rate passed through the support of the monthly S1 at 1.2596 to end the trading session at the 1.2575 mark. During Monday’s morning hours, the British Pound was resisted by the 100-hour SMA to trade at the 1.2577 mark. It is expected that the British Pound will depreciate against the US Dollar to continue...

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The New Zealand Dollar depreciated about 84 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average. However, the exchange rate bounced off from the lower boundary of an ascending channel pattern at 0.6789 during the morning hours of Monday’s trading session and currently testing a resistance level...

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The US Dollar is trading in a triangle-like formation pattern against the Canadian Dollar. The currency pair tested the lower boundary of the triangle pattern at 1.3340 during Friday’s trading session. Currently, the exchange rate is trading near the bottom border of the pattern and could be set for a breakout. If this breakout occurs, the currency exchange rate...

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The common European currency depreciated about 113 base points against the Japanese Yen on Friday. The currency pair breached both the 50-, 100-, and 200-hour SMAs during the previous session. Today’s session began with a bullish momentum, and by the middle of the day, the exchange rate has dashed through the 23.60% Fibonacci retracement level at 128.29. As for...

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During Friday’s trading session, the yellow metal depreciated against the US Dollar to end the trading session at the 1,236.05 mark. On Monday morning, the gold was trading sideways to stay at the 1,237.77 mark. It is expected that the yellow metal will trade sideways to get resisted by the upper boundary of the freshly drawn pattern at the 1,238.50 mark. The...

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During Friday’s trading session, the US Dollar broke the support levels of the 55-hour and the 100-hour simple moving averages to end the trading day at the 113.34 mark. During Friday’s morning hours, the rate was located between the 55-hour and the 100-hour SMAs to trade at the 113.46 mark. The US Dollar will depreciate against the Japanese Yen to trade...

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During Friday’s trading session, the European Single Currency passed through the monthly pivot point at the 1.1346 mark to depreciate by 56 pips or 0.49%. On Monday morning, the rate was recovering itself to trade upwards at the 1.1308 mark. Most likely, the European Single Currency will be trading near the bottom boundary of the dominant pattern at the 1.2600...

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The Brent crude oil has been depreciating since the beginning of October after the commodity reversed from a three-year high level at 86.66. The Brent.CMD/USD crude oil price was trading near a resistance cluster formed by the combination of the 50-hour simple moving average and the traditional weekly pivot point at 61.79 during the morning hours of Friday’s...

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Coincidentally the commodity stopped its decline at the 50.00 level. At the level, where US Crude Oil production stops being profitable. At the level, where Saudi Arabia starts getting budget issues. At the level, where Russia announces production cuts while statistics show increases. The cartel and the US will push the price higher. The only question is - how high?