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EUR / USD
1.11342
USD / JPY
107.589
GBP / USD
1.2491
USD / CHF
0.96099
USD / CAD
1.35731
EUR / JPY
119.791
AUD / USD
0.68003

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ForexSignals

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The Euro managed to recover well from the 1.0493 level against the US Dollar.

The EURUSD pair is currently attempting to break a bearish trend line at 1.0620 on the 4-hours chart.

EURUSD TECHNICAL ANALYSIS

The Euro failed once again to settle below the 1.0500 handle, and recovered. The current recovery in EURUSD looks positive, as the pair looks for further gains above 1.0620.

The pair was rejected once again near the 1.0490 and 1.0500 levels, resulting in a bounce. It looks like the pair has formed a double bottom near 1.0490, and might continue to trade higher.

It has already moved above the 100 simple moving average (H4) at 1.0595. The pair also crawled above the 23.6% Fib retracement level of the last decline from the 1.0828 high to 1.0493 low.

At the moment, the pair is facing resistance near a bearish trend line at 1.0620 on the 4-hours chart. The same level also coincides with the 38.2% Fib retracement level of the last decline from the 1.0828 high to 1.0493 low. So, a break above the highlighted resistance might produce further gains in EURUSD.

OUR LATEST FOREX RECOMMENDATIONS:

The current exchange rate of EUR/USD pair is 1.0604, It is recommended to buy.

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Gbp/usd forex tips for profit investments

Cable retains soft ton, today falling from 1.2300 to a low of 1.2223, although it did manage to hold on above Friday’s low ahead of a mild bounce heading into the NY close, to finish the day at 1.2235.

The 4 hour momentum indicators look mildly constructive but the dailies may be picking up increasing downside momentum so it appears as though Cable may remain under pressure in the days ahead. On the downside, a break of the support seen at 1.2215/25 would quickly test 1.2200 and lower, towards 1.2150/55 which should be strong, if we see it. On the topside, the initial resistance will be seen at 1.2300 and again at the 2 Mar high of 1.2307, above which would then head back towards 1.2350, albeit unlikely today unless the dollar sees another selloff. While mildly positive in the short term, I prefer to trade from the short side by selling into strength, but with tights stops in place, above 1.2320.

Current exchange rate of GBP/USD pair is 1.2239.

Our Latest Forex Recommendations:


It is recommended to sell.

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ForexSignals

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Forex tips for day trading

GBP/USD: The GBP/USD pair remains better bid so far this session, extending its recovery from seven-week lows reached yesterday at 1.2167.
AUD/USD: The bullish momentum in the AUD/USD appears to have run out of steam after China reported a surprise trade deficit for the month of February.
GBP/JPY: The bid tone around Japanese Yen gathered pace in Asia amid moderate risk-off action in equities, pushing the GBP/JPY cross back below 139.00 levels.
USD/JPY: A minor-recovery in USD/JPY lost legs near 113.85 region, as the yen regained strength following the release of awful China trade figures, which re-ignited risk-off trades across the financial markets. The Chinese data showed a trade deficit in February after having registered a bigger-than expected trade surplus in January.

Current exchange rate of pairs:
GBP/USD: 1.2203
AUD/USD: 0.7594
GBP/JPY: 138.76
USD/JPY: 113.74

Our Latest Recommendations:
GBP/USD: SELL
AUD/USD: SELL
GBP/JPY: SELL
USD/JPY: SELL

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Eur/usd still neutral, between 1.0490 and 1.0640

EUR/USD’s outlook stays neutral and is likely to remain in a consolidative 1.0490-1.0640 range in the near term.

“The target indicated at 1.0520 yesterday was not met as EUR rose strongly after hitting a low of 1.0523. Despite the pull-back from the 1.0615 high, the undertone is still positive and a retest of the 1.0615/20 resistance would not be surprising. At this stage, a clear break above this level is not expected”.

“The ECB inspired EUR strength resulted in quick pop higher to 1.0615. Despite the relatively strong daily closing, most indicators are generally ‘flattish’ and this pair still appears to be caught in a consolidation range. In other words, further sideways trading still seems likely albeit in a wider 1.0490/1.0640 range instead of the 1.0490/1.0590 indicated yesterday”.

Trend: Slightly Bullish

Our Latest Recommendation:

Sell EUR/USD.

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Eur/usd forex news & forex recommendations

The EUR/USD pair extends its overnight side-trend into Asia this Tuesday, as the bears take a breather before the next move lower, with investors gear up for a fresh batch of macro updates from both continents.

The spot reversed sharply from five-week tops after the greenback stalled its corrective bias and regained momentum after the benchmark 10-year treasury yields recovered from lows of 2.56% and jumped back above 2.61% level, as the yields priced-in a 25 bps Fed rate hike. The FOMC begins its 2-day monetary policy meeting today, with the interest rates decision to be announced in the American afternoon tomorrow.

In the day ahead, the EUR/USD pair will remain under pressure as traders prefer to hold the US currency ahead of the FOMC announcements and Dutch general elections due tomorrow. However, losses may be limited.

EUR/USD Technical Levels

Intraday and for the upcoming sessions, the 4 hours chart shows that technical indicators are easing from extreme overbought readings achieved at the beginning of the day, but also that the 20 SMA maintains a strong bullish slope after breaking above the 100 SMA, this last indicating a limited downward scope. A downward corrective movement towards the 1.0630 region seems likely, while a break below this last should favor a deeper downward corrective move.

TREND INDEX
Strongly Bearish

CURRENT EXCHANGE RATE:
1.0656

AVG SELLING PRICE:
1.0622

AVG BUY PRICE

1.0579

OUR LATEST RECOMMENDATION:
It is recommended to BUY.

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ForexSignals

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MMF Solutions Singapore Forex Trading Signal @ CariGold Forum

The GBP/USD pair bounced-off a brief dip below 1.2150 levels in early Asia, and now looks to retest NY highs of 1.2172 amid a minor-correction seen in the US dollar versus its main competitors, as the treasury yields take a breather heading into the Fed event due later tonight.

The spot is making another attempt to extend the recovery from two-month lows on Wednesday, as dust settles over renewed Brexit-process related news. Moreover, the pound also found support from the latest results of the poll conducted by The Times, which revealed that 57% of the Scots rejected indolence from the UK.

GBP/USD Levels to consider
At 1.2159, the resistances are lined up at 1.2195/1.2200 (10-DMA/ round figure) and 1.2250/53 (psychological levels/ Mar 7 high) and above that at 1.2304 (Mar 6 high). On the flip side, the resistances are aligned at 1.2140 (NY low) and 1.2100 (psychological levels) and below that at 1.2050 (Flash crash territory).



TREND:
Bearish

Avg Sell Price:
1.2298

Avg Buy Price:
1.2324

Our Latest Recommendation:
It is recommended to BUY.

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Forex trading signals for trading usd/jpy

The Bank of Japan (BOJ) kept interest rates unchanged and maintained 10-year JGB yield target around zero percent, thus leaving the USD/JPY pair flat lined around 113.35 levels. The central bank kept its assessment of the economy unchanged as well.

USD/JPY Technical Levels
A break above 113.80 (50-DMA) would open doors for a potential break above 114.00 (zero figure) and move towards 114.24 (5-DMA + 10-DMA). On the other hand, a breakdown of support at 112.86 (100-DMA) would expose 112.62 (Feb 17 low) and 112.52 (Jan 24 low).

TREND:
Bearish

AVG SELL PRICE:
114.41

AVG BUY PRICE:
113.60

OUR LATEST RECOMMENDATION:
It is recommended to SELL.

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ForexSignals

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Forex day tips for trading eur/usd pair

Having peaked at five-week highs near 1.0750, the EUR/USD pair extends its retreat towards the late-Asian trades, as the US dollar recovers a small portion of post-FOMC losses in sync with the treasury yields.

In the day ahead, the EUR/USD pair may extend its corrective slide as the greenback may continue to recover ground on the back of profit-taking, as investors gear up for the next key central banking events, the SNB and BOE policy decisions.

EUR/USD TECHNICAL LEVELS
The risk is clearly towards the upside, given that in the 4 hours chart, the price has recovered above all of its moving averages, whilst technical indicators head sharply lower after surpassing their mid-lines, maintaining strong upward slopes and with the RSI indicator approaching overbought territory.

If the price manages to hold above 1.0720, there's room for an extension up to 1.0820, the 50% retracement of the post-US election slide.

TREND:
Bullish

AVG SELL PRICE:
1.0632

AVG BUY PRICE:
1.0554

OUR LATEST RECOMMENDATION:
It is recommended to BUY.

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Eur/usd prediction for march 20, 2017

Currency pair Euro Dollar EUR USD continues to move within the framework of the Forex Triangle model and at the moment the quotes of the pair have come close to the upper limit of the model. The potential remains for the rebound from the current level and continuation of the fall of the pair into the area below the level of 1.0620, the breakdown of which will indicate the continuation of the fall into the area below 1.05.

EUR/USD Forecast Euro Dollar on March 20, 2017
In favor of lowering the quotes of the euro, the dollar from current levels is the formation of the reversal Forex Head and shoulders models on the indicator of relative strength. The cancellation of the fall variant will be a breakdown of the region of the upper boundary of the Triangle model.
Important news from Europe and America, which may have an impact on the euro exchange rate, is not expected, so the pair will continue to move within the technical analysis of EUR/USD.

EUR/USD Forecast Euro Dollar on March 20, 2017
It involves an attempt to fall as part of the development of the reversal forex model Head and shoulders on the indicator of relative strength with a potential drop target at 1.0620.

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ForexSignals

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Eur/usd prediction for march 20, 2017

Currency pair Euro Dollar EUR USD continues to move within the framework of the Forex Triangle model and at the moment the quotes of the pair have come close to the upper limit of the model. The potential remains for the rebound from the current level and continuation of the fall of the pair into the area below the level of 1.0620, the breakdown of which will indicate the continuation of the fall into the area below 1.05.

EUR/USD Forecast Euro Dollar on March 20, 2017
In favor of lowering the quotes of the euro, the dollar from current levels is the formation of the reversal Forex Head and shoulders models on the indicator of relative strength. The cancellation of the fall variant will be a breakdown of the region of the upper boundary of the Triangle model.
Important news from Europe and America, which may have an impact on the euro exchange rate, is not expected, so the pair will continue to move within the technical analysis of EUR/USD.

EUR/USD Forecast Euro Dollar on March 20, 2017
It involves an attempt to fall as part of the development of the reversal forex model Head and shoulders on the indicator of relative strength with a potential drop target at 1.0620.

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