Forex News

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Daily Market Report – NZD/USD Falling Wedge Invalidated October 20, 2017

NZD/USD Erases Everything The NZD/USD plunged aggressively in the yesterday’s trading session and erased the last week’s gains. Price ignored several downside obstacles and closed much below the 0.7055 previous low. However, remains to see if this is a valid breakdown, or the rate will come back higher. Technically, it could come to retest the … Continue reading “Daily Market Report – NZD/USD Falling Wedge Invalidated October 20, 2017”

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Daily Market Report – NZD/USD Falling Wedge Invalidated October 20, 2017

NZD/USD Erases Everything The NZD/USD plunged aggressively in the yesterday’s trading session and erased the last week’s gains. Price ignored several downside obstacles and closed much below the 0.7055 previous low. However, remains to see if this is a valid breakdown, or the rate will come back higher. Technically, it could come to retest the … Continue reading “Daily Market Report – NZD/USD Falling Wedge Invalidated October 20, 2017”

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Daily Market Report – EUR/JPY Rising Wedge Invalidated October 19, 2017

EUR/JPY Bulls In Control The currency pair increased sharply as the Yen was punished by the Nikkei’s rally. Price resumed the yesterday’s impressive bullish candle and stays above some important levels, a valid breakout will signal a further increase in the upcoming period. The Yen dropped surprisingly today as the Nikkei stock index plunged in … Continue reading “Daily Market Report – EUR/JPY Rising Wedge Invalidated October 19, 2017”

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Daily Market Report – Brent Oil Pressuring A Crucial Support October 19, 2017

Brent Oil Plunges   The price dropped sharply and erased the last two day’s gains. It could drop much deeper in the upcoming days if will close the day below the $57.30 per barrel.  Brent is very heavy right now and seems poised to turn to the downside again in the upcoming period. The rate … Continue reading “Daily Market Report – Brent Oil Pressuring A Crucial Support October 19, 2017”

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Daily Market Report – Brent Oil Pressuring A Crucial Support October 19, 2017

Brent Oil Plunges   The price dropped sharply and erased the last two day’s gains. It could drop much deeper in the upcoming days if will close the day below the $57.30 per barrel.  Brent is very heavy right now and seems poised to turn to the downside again in the upcoming period. The rate … Continue reading “Daily Market Report – Brent Oil Pressuring A Crucial Support October 19, 2017”

The post Daily Market Report – Brent Oil Pressuring A Crucial Support October 19, 2017 appeared first on mexgroupblog.

Daily Market Report – Brent Oil Pressuring A Crucial Support October 19, 2017

Brent Oil Plunges   The price dropped sharply and erased the last two day’s gains. It could drop much deeper in the upcoming days if will close the day below the $57.30 per barrel.  Brent is very heavy right now and seems poised to turn to the downside again in the upcoming period. The rate … Continue reading “Daily Market Report – Brent Oil Pressuring A Crucial Support October 19, 2017”

The post Daily Market Report – Brent Oil Pressuring A Crucial Support October 19, 2017 appeared first on mexgroupblog.

Daily Market Report – AUD/USD Still In The Green October 19, 2017

AUD/USD More Upside In View The currency pair has increased in the morning and seems poised to climb much higher in the upcoming days as the USDX failed to breakout above the 93.81 static resistance. The dollar index has slipped lower and is pressuring a dynamic support, a valid breakdown will signal a further drop … Continue reading “Daily Market Report – AUD/USD Still In The Green October 19, 2017”

The post Daily Market Report – AUD/USD Still In The Green October 19, 2017 appeared first on mexgroupblog.