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All AUD/USD EUR/USD GBP/USD USD/CAD USD/JPY Weekly Analysis
bullish bat pattern USDCAD 4H
USD/CAD

Potentially forming a bullish bat pattern

Hey Forex Traders! Exciting news! The USDCAD pair is potentially forming a bullish bat pattern near a robust demand zone at 1.35500. This is a great opportunity for us to dive in and make some profits! Let’s take a closer look at the current market conditions. The USDCAD pair has been in a downtrend, but […]

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AUDUSD H1 weekly analysis
AUD/USD

Charting a Course to Success: Riding the Rising Wave with DSS Oscillator!

Alright, folks, let’s take a closer look at our charts. In the daily graph, we’ve got the DSS oscillator showing signs of an incoming bullish trend. Moving on to the 4-hour chart, the momentum oscillator is pointing towards an upward swing, even when the price is moving sideways. Now, we can’t make any hasty decisions […]

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EURUSD Weekly analysis
EUR/USD

Euro-Dollar Poised for Bullish Breakout with Bollinger 20 Support!

Alright folks, we’ve seen the Euro-Dollar pair make a mighty surge upwards at Weekly time frame, but it’s taken a step back with a correction lately. Fear not, as it’s currently being propped up by the trusty ol’ middle band of Bollinger 20. This is the perfect opportunity to pounce aggressively and anticipate a further […]

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USDCAD analysis
USD/CAD

USD/CAD – The pair stays within the bearish flag pattern

The USD/CAD pair is consolidating in the bullish corrective phase. The buyers look too thin to hold and may be dominated by the sellers again. The pair stays within the bearish flag pattern and is on the verge of a bearish breakout. The 100-day moving average could hamper the path of bears. The 200-day SMA […]

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USDJPY analysis
USD/JPY

USD/JPY – Is the seasonality bearish factor in January will change the direction

The USD/JPY price lost significant gains by the end of the year, thanks to BoJ’s policy tweak. The daily chart shows multiple bearish crossovers. This shows a strong downtrend in play. The price is currently supported by a critical level of 131.00. However, the level looks feeble against the price action. The seasonality factor for […]

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AUDUSD analysis
AUD/USD

AUD/USD – Will the resistance level stop the positive momentum

The AUD/USD closed the month and the year positively. However, the price is still below the recent swing high of 0.6963. Meanwhile, the bullish engulfing bar in the immediate background threatens the recent rally. The bullish crossover between the 50-day and 100-day moving averages is a positive sign for the pair. Moreover, the price is […]

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GBPUSD analysis
GBP/USD

GBP/USD – Will 50-day moving may lend support to the pair

The GBP/USD price is struggling to hold onto the gains after finding a bearish engulfing bar on the daily chart. The price closed below the 20-day moving average and played around the 200-day moving average. The 50-day moving may lend support to the pair. However, the 100-day SMA is flat, and it may attract the […]

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EURUSD analysis
EUR/USD

EUR/USD – Will the new year end the positive momentum?

The EUR/USD price ended the month on a strong positive note while the year ended, paring losses partially. The pair looks buoyant, closing above the key moving averages on the daily chart. The 50-day and 200-day moving averages have formed a bullish crossover. Meanwhile, the 50-day and 100-day moving averages made a bullish crossover earlier […]

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Technical Analysis usdjpy
USD/JPY

USD/JPY – Continued consolidation or continued trend?

The USD/JPY remained in a consolidation last week. The pair is eying the Bank of Japan’s meeting next week that may stimulate the market. Technically, the pair remains supported by the 200-day SMA. However, the support looks feeble and may be dominated by the sellers. The upside potential has been barred by the 20-day SMA. […]

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usdcad -Technical Analysis
USD/CAD

USD/CAD – Will the flag pattern stay valid?

The USD/CAD price maintains a bullish bias after finding strong support at 1.3521. The pair is now standing around a key resistance level at 1.3700. The pair is eying Canadian GDP and US Core PCE Index data to find further fresh impetus. The daily chart shows further rising prospects as the 20-day, and 50-day SMAs […]

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Technical Analysis audusd
AUD/USD

AUD/USD – We may see an upside correction?

The AUD/USD price paused the upside momentum around the 200-day SMA near 0.6900. The price rejection turned into a bearish engulfing pattern, suggesting a strong downtrend ahead. However, the price saw mild support by the 100-day SMA. We may see an upside correction on the lower timeframes before the resumption of a downtrend. The 0.6685 […]

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Technical Analysis gbpusd
GBP/USD

GBP/USD – Will the price meet the 50/100 SMAs

After hawkish Fed meeting minutes, the GBP/USD price stalled the uptrend. The bearish engulfing candlestick on the daily chart reveals a potential downtrend that may lead toward the conjunction of 50-day and 100-day SMAs around 1.1700. However, the price at current levels may find mild support from the 20-day and 200-day SMAs. Breaking below the […]

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Technical Analysis eurusd
EUR/USD

EUR/USD – Will it remains strongly bullish?

The EUR/USD price remained positive throughout the week until the FOMC meeting revealed a persistent rate hike policy. The US dollar picked strength across the board. Now the focus has turned o Core PCE index data due on Thursday.   Technically, the EUR/USD pair remains strongly bullish. However, the price started correcting lower. The probability […]

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