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Want to add the Moving Average Dashboard to your charts? Download it free on FXCMApps.com. TREND IN FOCUS: EURCAD (D1) – The EURCAD is tied for...
ASIA/EUROPE FOREX NEWS WRAP After yesterday’s trade which saw the US Dollar slight across the board, the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is struggling...
USD/CAD Technical Analysis– Prices turned lower as expected after completing a bearish Evening Star candlestick pattern. The pair has recoiled from resistance in the 1.0408-46 area,...
EUR/GBP Technical Analysis – Prices are recoiling from resistance at 0.8689, the 38.2% Fibonacci retracement level. Near-term support is at 0.8582, the 23.6% level, with a...
Pivot: 0.864 Our preference: Long positions above 0.864 with targets @ 0.871 0.8725 in extension. Alternative scenario: Below 0.864 look for further downside with 0.8605 0.8575...
Pivot: 1.2375 Our preference: Short positions below 1.2375 with targets @ 1.2305 1.228 in extension. Alternative scenario: Above 1.2375 look for further upside with 1.24 1.2425...
AUD/USD Technical Analysis– Prices broke higher as expected, taking out resistance at the top of a falling channel set from April and hinting a significant correction...
EUR/JPY Technical Analysis– Prices are testing above resistance at 130.72, the 38.2% Fibonacci expansion, with a break higher targeting the 50% level at 132.50. Trend line...
GBP/JPY Technical Analysis– Prices launched higher out of consolidation to challenge the 50% Fibonacci retracement at 151.93. A break above that targets the 61.8% level at...
EUR/USD Technical Analysis– Prices are testing resistance at 1.3163, the 61.8% Fibonacci retracement. A break higher targets the 76.4% level at 1.3260. Near-term support is at...