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Market Analytics

Find here the latest blogs on fundamental and technical analysis, as well as useful reports about different currencies around the Forex market. Study the market today and improve your trade!

EUR/JPY: technical analysis 07.08.20

Current trend On the 4-hour chart, the instrument is trading below the middle line of Bollinger Bands (125.000) suggesting the bearish momentum. The first strong support for the pair is located on the 124.827 level. The breakdown of this mark is needed to confirm the downward trend. In this case, the sellers will aim for...

XAU/USD: technical analysis 07.08.20

Current trend On the 4-hour chart, the price has tested the resistance level of 2072.69 and was slightly corrected downwards. If the "bears" manage to decline the rate below the level of 2047.67, the correction can continue to the area of 2040.82-2031.25. The lower border of this range seems a key target of the correction...

NZD/USD: technical analysis 07.08.20

Current trend NZD/USD is in the stage of a downward correction after growing to the level of 0.66898. The key target of the correction is the level of 0.66420, which corresponds to the middle line of Bollinger Bands. This mark can prevent the instrument from falling, as the possibility of the reverse of the price...

AUD/USD: technical analysis 06.08.20

Current trend AUD/USD quotes attempted to grow, but reaching 0.72155 mark moved to a downward correction. The strong support zone for the pair is located in the 0.71827-0.71716 range. There is a chance of an upward rebound, while the breakdown of the lower border would accelerate the plunge towards 0.71530 level. One may speak about...

USD/JPY: technical analysis 06.08.20

Current trend The USD/JPY pair begins today’s trading with a slight bearish bias. The first strong support for the pair is located on 105.317 level. Assuming the pair’s ability to cross this level the mark 105.078 can be targeted if holding short positions. This level can prevent the instrument from falling, as the possibility of...

GBP/USD: technical analysis 06.08.20

Current trend On the 4-hour chart, the instrument keeps a positive dynamic. The price is approaching a strong resistance in the region of 1.31836. There is a high chance of a downward rebound. However, the decisive breakout of this level is needed to indicate the upward trend resumption. In this case, the buyers will aim...

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