Technical Analysis

EUR/USD 4 hour time frame pullback


The latest Italian referendum initially saw the EUR/USD down to 1.0505 and that went with our expectations, although the pair didn't reach 1.0461 and below that would open the door to parity. The EUR/USD was subsequently bought heavily and shrugged all the losses it had made. The main event...


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Forex market after Italian referendum


Analysis on the EUR/USD after a 200 pip drop occured during the Italian referendum but a strong bullish emerged at the weekly 1.05 support zone. Also a review of the USD/JPY uptrend and GBP/USD bullish zigzag. The AUD/USD could be building a triangle for a breakout.


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USD/JPY waiting for NFP momentum



Whilst risk-off has prevailed in Equities this week ahead of the Italian Referendum, we are drawn to the NFP today to give us some insights into whether the US Fed will hike sooner rather than later. Despite this risk-off, the JPY has been weakening. Given ADP NFP signalling over 216k...


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EUR/JPY Regular Bearish Divergence on Intraday Timeframe


The EUR/JPY is showing a regular bearish divergence on intraday timeframe. Traders should watch for any H1 momentum or 1h close below the trend line that might be an early cue that the price might drop towards 120.67 and 120.16. 120.16 is a nice confluence of L4, EMA89 and Bullish...


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EUR/GBP potential upside move


The EUR/GBP is has a potential to break the range and proceed to the upside if we see a rejection off POC. POC comes within 0.8510-15 zone ( V shape, DPP, EMA89, trend line). If we don't see a retracement to POC , pay attention to H1 close above descending...


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