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Greg Sawyer
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2,409 followers
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#Forex News: Technical levels are defining the trading range for the AUDUSD: Consolidates  near the highs The AUDUSD tested a topside trend line in the run up yesterday. That trend line (it is the topside channel trend line actually) was actually broken by about 5 pips, but the market tired at the key technical level, and the late day dollar buying sent the pair down too.   http://dlvr.it/QBmFmD
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#Forex News: GBPUSD trend run stalls but look for the buyers on dips: The last leg was 120 pips The run higher in the GBPUSD took the price from 1.38207 to a high of 1.3941. That is about 120 pips.  It took about an hour and 50 minutes.  http://dlvr.it/QBfgtN
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#Forex News: What are the next targets in the runaway GBPUSD?: 1.3956 and then 1.4004-11 are the next in line The GBPUSD is on a runaway mission to the upside and begs the question "What are the next targets?" Looking at the daily chart, the 50% of the move down from the June 2015 high is approaching at 1.39563.  Above that are swing lows from April 2016 in http://dlvr.it/QBdbN6
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#Forex News: USDCAD rocks back and forth after BOC rate hike: Hike but with concerns about NAFTA The BOC hiked by the expected 25 basis points but has concerns about NAFTA. The price action took the price lower initially, with by price low coming in at the Jan 5 low at 1.2354. http://dlvr.it/QBcKjD
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#Forex News: USDJPY trades at session lows: Reacting to stock fall The broad US stock indices are now in the red and trading near low levels, and that has helped to lead to fall in the USDJPY.  The USDJPY is trading at the lows for the day at 110.46 (was the low in the early Asia-Pacific session too). The next target is the low http://dlvr.it/QBVdn3
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#Forex News: You can't complain about the stock gains but are we seeing a technical ceiling?: It is hard to pick a top, but.... It is hard to pick a top in a US stock market that is up 4-5% in the first few months of the year. However, if you look at the hourly charts of the S&P and the Nasdaq composite index, there may be a cause for pause. http://dlvr.it/QBTSQZ
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#Forex News: Forex technical analysis: What to look for in the EURUSD correction: The high got close to 1.2300 yesterday. Backing off today. The EURUSD last week broke to levels not seen since the end of 2014.  In the process, the price moved above the 50% retracement of the move down from the 2014 high.  That 50% retracement comes in at 1.21662.  http://dlvr.it/QBS9kd
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#Forex News: USD/JPY falls below 110.50 and the chart looks dire: USD/JPY hits a fresh session low USD/JPY can't even catch a break on a holiday. This is the fifth day in a row of losses for the struggling US dollar against the yen. http://dlvr.it/QBLfpG
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#Forex News: Credit Agricole says USD/JPY “is getting into oversold territory": The bank (CA in HK) warning of only limited downside for USD/JPY remaining now - USD/JPY "is getting into oversold territory relative to its short-term fundamentals" Credit Agricole has a target of 110 for Q1 http://dlvr.it/QBFRpV

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#Forex News: Longs in EURUSD crushing the shorts. Trades above 1.2200 now. Dollar index at 3 year low.: It is not a good day for the shorts The dollar index has fallen to the lowest levels since 2015 at the 91.00 area and that is helping to fuel the dollar weakness.  The dollar index trades at 90.93 currently.  That is a 3 year low (Jan 2015). http://dlvr.it/QB0gjh
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