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Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte (“4Cast”). The material shall not, under any circumstances, be reproduced or distributed in …
Hourly studies are close to overbought levels but our 1.3000 stop is very close. Daily charts have peaked in overbought territory and begin to roll lower again. On the downside the 10-day MA is key around 1.2800.”
Key support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, we’d expect uptrend to resume, and one more rise towards 1.0600 is still possible. One the downside, a clear break below …
Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte (“4Cast”). The material shall not, under any circumstances, be reproduced or distributed in …
Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte (“4Cast”). The material shall not, under any circumstances, be reproduced or distributed in …
Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte (“4Cast”). The material shall not, under any circumstances, be reproduced or distributed in …
05 Dec USD / PHP Daily Steadied at the 43.20 support, having retraced approx 50%of the Oct/Nov rally. However, the downside still not firm and higher low needed to confirm and low in place and see renewed strength later. Failure will see deeper …
Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte (“4Cast”). The material shall not, under any circumstances, be reproduced or distributed in …
There isn’t a great to point out in the EUR/USD daily chart. There’s a minor descending channel but the Nov. 9 low of 1.3483 is all that really matters. My base case is that it breaks, and the downside is significant (to 1.3400 quickly and 1.32 …
The charts tell us that this breakout appears poised for a move to the downside. For the AUD/USD, a contracting triangle has formed on the 30-minute charts. Given the nature of these triangles, a sharp move lower is expected, at least ahead of …