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AnalystFX
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GBPUSD Daily Forex Analysis

This post is all about today’s analysis of GBPUSD. The GBPUSD Forex Trading Analysis will help the traders to get the ideas of trading this pair.

GBPUSD Short Sell Setup

The Sterling remains entrenched into the negative territory today, prompting GBPUSD to extend the drop below the 1.3000 key support. The pair has tested fresh multi-week lows after mixed results from the UK docket saw Industrial Production matching expectations during June while Manufacturing Production figures have missed forecasts during the same period.
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USDJPY Forex Trading Analysis

USDJPY Elliott Wave Analysis

It’s very interesting to see USDJPY moving sharply down despite higher stocks, but we need to respect what market is doing. That said, we are looking even lower now on USDJPY, simply because we need to respect the price action which shows a three wave rally up to 102.66 area. So it was a corrective and temporary bounce, labeled as wave 4 that is pointing back to 100 psychological level.
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USDCAD Forex Trading Analysis

USDCAD Inside Wedge Pattern

The pair is posting marginal gains after three consecutive sessions with losses in response to a pick up in the demand for the greenback. The pair is up 0.03% at 1.3062 and a break above 1.3202 (high Aug.5) would aim for 1.3253 (high Jul.27) and then 1.3313 (200-day sma). On the flip side, the next support lines up at 1.2987 (low Aug.10) ahead of 1.2946 (100-day sma) and finally 1.2891 (base of the 3-month rising channel).
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AUDUSD Technical Analysis Forex

AUDUSD Long Term Bullish

During Asian session the pair dropped after the release of minutes from RBA’s latest monetary policy meeting when the central bank decided to slash its benchmark rates by 25 bps to a record low of 1.50%. The minutes revealed central bank’s readiness to ease further, if required, but the pair shrugged-off dovish tone and surged past 0.7700 handle amid bearish sentiment surrounding the greenback.
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AUDUSD Short Forex Trading News

AUDUSD is clearly in a bullish trend. Hourly resistance at 0.7648 (23/06/2016 high) has been broken. Hourly support is located at 0.7522 (11/07/2016 low). Stronger supports are given by the lower bound of the longer-term uptrend channel and by 0.7286 (16/06/2016 low). Expected to show further consolidation within the uptrend channel (Forex Daily-Analysis).
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USD / JPY Forecast: Carry out near new highs, bull

Holding near new highs, bullish. The USD / JPY rose to 106.31 at the beginning of the day, with buying interest meeting kicks around 105.40, which keeps the upside favored. Figures strong US retail sales have boosted short-term demand for the dollar, with the pair again approaching the level of 106.00, while maintaining its overall bullish tone.
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USDCAD Long | Daily Forex Market Analysis
The USDCAD pair remained well offered and the pair extended its slide further below 1.2800 handle to currently trade near session low level of 1.2770. On Wednesday, the pair recovered sharply from session lows, despite of strong monthly Canadian retail sales data, as lower-than-expected draw down in US crude oil inventories was seen weighing on crude oil prices and dragging commodities-linked currencies – like the Canadian Dollar. The pair, however, resumed its slide on Thursday as improving investor risk appetite on optimism surrounding today’s Brexit vote has spurred a fresh bout of risk-on rally in global financial markets (Daily Forex Market Analysis).
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USDCHF Bearish | Latest Forex News
The USDCHF pair bounced slightly during the course of the day on Wednesday, using the 0.9570 level as support. At this point in time, the market is looking bearish. The primary trend of USDCHF is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its 1 hourly chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. Resistance level 0.9650 and Support level of 0.9570 If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: USDCHF is looking bearis (Forex Analysis Today).
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Fed Softens Stance…Slightly

The Federal Reserve anticipated a more gradual tightening path going forward. This weighed on the dollar and lifted equities. August Fed funds futures imply less of a chance of a hike next month. It is now consistent with an 8% chance of a hike, which is less than half the probability assigned at the end of last week.
The immediate reaction was driven by the Fed’s dot plots. Although the median continues to expect two hikes this year, six officials now see only one hike. Only one official anticipated one hike this year in the last forecasts, made in March. The median also expects three hikes in 2017 and 2018. Previously four hikes were anticipated in both years. The Fed has also shaved its long-run equilibrium level to 3.0% from 3.25%.
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EURUSD Medium Term Channel | Daily Forex

Currently, EURUSD trades +0.21 higher at 1.1249, reversing a dip to fresh session lows struck at 1.1223 in the last hour. The main currency pair caught a fresh bid-wave post-European open on the back of a risk-on rally in the European stocks, which drove the German bund yields higher. Moreover, the greenback resumed its FOMC-back downtrend after a brief recovery, further adding to the fresh buying interest seen around the EURUSD pair. While widening current account surplus in the Eurozone also provide the much-needed impetus to the EUR (Forex Currency Trading).
http://analystfx.com/forex-currency-trading-eurusd-analysis/
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