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Posted on March 5, 2020
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/ Analysis Team

EURUSD CORRECTION UNDERWAY

EURUSD CORRECTION UNDERWAY The euro has started to correct lower against the US dollar after bulls were repeatedly unable to break above the 1.1200 resistance barrier. Sustained losses below the 1.1120 level could trigger the start of a much...

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Posted on March 5, 2020
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/ Analysis Team

USDJPY ON THE RISE

USDJPY ON THE RISE The US dollar continues to edge higher against the Japanese yen currency as global stock markets attempt to recover from last weeks heavy sell-off. If the USDJPY pair rallies towards the 108.58 level it could...

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Posted on March 5, 2020
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/ Analysis Team

ETHUSD $205.00 SUPPORT

ETHUSD $205.00 SUPPORT Ethereum remains trapped in a narrow price range on Thursday as bulls struggle to move price towards the $238.00 level. The ETHUSD pair continues to trade above its 200-day moving average and should eventually push higher...

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Posted on March 4, 2020
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/ Analysis Team

EURUSD PATTERN FORMATION

EURUSD PATTERN FORMATION The euro is still holding onto recent gain against the US dollar, although bulls are struggling to move price above the 1.1200 level. The daily time frame shows that a large inverted head and shoulders pattern...

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Posted on March 4, 2020
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/ Analysis Team

USDJPY BOUNCE POSSIBLE

USDJPY BOUNCE POSSIBLE The US dollar is starting to recover higher against the Japanese yen currency after finding strong technical support from the 106.85 level. If bulls can hold price above the 107.50 level the USDJPY pair could start...

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Posted on March 4, 2020
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EURUSD 1.1020 STILL POSSIBLE

EURUSD 1.1020 STILL POSSIBLE The euro has spiked sharply higher against the US dollar after the Federal Reserve unexpectedly cut interest by 50 basis points on Tuesday. The EURUSD pair could target the 1.1260 and possibly the 1.1300 while...

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Posted on March 4, 2020
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/ Analysis Team

BTCUSD NEEDS MOMENTUM

BTCUSD NEEDS MOMENTUM Bitcoin is attempting to find upside momentum on Wednesday as buyers continue to defend major technical support around the $8,400 level. Gains above the $8,7500 level could see BTCUSD pair making an important technical test towards...

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Posted on March 4, 2020
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/ Analysis Team

GBPUSD WEAKNESS PERSISTS

GBPUSD WEAKNESS PERSISTS The British pound is still struggling to rally above the 1.2800 level against the US dollar as weakness persists in the pair. Bulls need to close the daily candle above the 1.2850 level to encourage the...

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