The EURUSD is consolidating in today’s Asia morning after yesterday’s roughly 100 pip gain from the day’s low to its high. Significantly, the EURUSD has broken above the December high and downchannel/descending wedge resistance (on the weekly chart)…
Tag: EURUSD
AUDUSD Weekly MACD Trying to Positively Cross
The AUDUSD is consolidating near its December high after yesterday’s near 100 pip rally from the intraday low to high. Significantly, although the AUDUSD will have to break downchannel resistance (on the weekly chart) to halt the downtrend since late February, odds are moderately high for a rally towards downchannel resistance by January sometime…
GBPUSD Testing Weekly Chart Downchannel Resistance
The GBPUSD is trying to firm as part of a week long consolidation after forming a fresh October high. Significantly, the GBPUSD continues testing downchannel resistance (on the weekly chart) and the 38.2% Fib retrace of the June to September slide.
GBPUSD Nearing 50% Fib Retrace of Jun-Sep Slide
The GBPUSD is consolidating going into today’s European morning, but appears to have a bit more upside before bumping into upchannel resistance (on the 4hr and daily chart). Significantly, after the strong bounce off downchannel support (on the weekly chart), the GBPUSD is likely going to spend next week digesting the rebound to the same downchannel’s resistance coinciding with the 50% Fib retrace of the June to September slide…
EURUSD Nearing 2020 High and Key 1.20 Level
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USDCAD Breaks Weekly Chart Descending Wedge Resistance
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GBPUSD Retesting 61.8% Fib Retrace of Dec-Mar Slide
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EURUSD Consolidating Near 2020 High Ahead of Busy News Day
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Soybean (ZS) Consolidating Above 6 Month Downchannel Resistance
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EURUSD Bouncing Off 38.2% Fib Retrace Of March Slide
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