Generally speaking, EUR/USD is moving upwards.
The EUR/USD pair bested at 1.1841, holding close by in front of the Asian opening. In the everyday outline, the danger is slanted to the potential gain, as the pair holds over a bullish 20 SMA, while specialized pointers combine inside certain levels.
President Lagarde will be talking at the Eurogroup meeting later at 1730 (GMT+8). During this time, there might be unpredictability in EUR.
EUR/USD’s next support zone is at 1.17600 and the following resistance zone is at 1.19000. Search for transient selling chances of EUR/USD.
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Daily Forex News
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xtreamforex
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xtreamforex
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Re: Daily Forex News
EUR/USD remains pressured around 1.1810 during Monday’s Asian session
According to a specialized point of view, a transient sliding pattern channel may be viewed as a new trigger for bulls. This may have effectively made way for extra gains, back towards month-to-month swing highs – levels simply over the 1.1900 imprint. The energy could additionally get stretched out towards the 1.1975 area on the way to the critical 1.2000 mental imprints. In general, EUR/USD is moving upwards. Presently, EUR/USD is dropping down towards the critical resistance of 1.18.
Its next support zone is at 1.17600 and the following resistance zone is at 1.19000. Search for momentary selling chances of EUR/USD if it breaks underneath the critical resistance of 1.18.
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According to a specialized point of view, a transient sliding pattern channel may be viewed as a new trigger for bulls. This may have effectively made way for extra gains, back towards month-to-month swing highs – levels simply over the 1.1900 imprint. The energy could additionally get stretched out towards the 1.1975 area on the way to the critical 1.2000 mental imprints. In general, EUR/USD is moving upwards. Presently, EUR/USD is dropping down towards the critical resistance of 1.18.
Its next support zone is at 1.17600 and the following resistance zone is at 1.19000. Search for momentary selling chances of EUR/USD if it breaks underneath the critical resistance of 1.18.
Read Full News : https://bit.ly/3hrRtEN
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xtreamforex
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Re: Daily Forex News
Xtreamforex Asia FX news wrap: AUD/USD steadies higher
A little nearby confidence and obvious slight warming in the crisp US-China relationship were sufficient for the Australian dollar to consistently tick higher through a significant part of the meeting. The head of Australia’s biggest populace state affirmed October 11 for a significant way out of limitations (ForexLive had this date posted in the hours going before the affirmation giving us every one of them an early advantage:
Late on Friday and hitting the news throughout the end of the week was the information on a detainee trade between Canada and China as the US agreed with Huawei CFO (and girl of the organization’s author) Meng Wanzhou. Meng was permitted to leave her Vancouver chateau where she had been bound and flew back to China. In the interim, Canadians Michael Kovrig and Michael Spavor were removed from their China prison cells and flown back to Canada. While relations between the US and China are as yet stressed this is a positive sign. AUD, as a China intermediary exchange, appeared to like the news.
A little nearby confidence and obvious slight warming in the crisp US-China relationship were sufficient for the Australian dollar to consistently tick higher through a significant part of the meeting. The head of Australia’s biggest populace state affirmed October 11 for a significant way out of limitations (ForexLive had this date posted in the hours going before the affirmation giving us every one of them an early advantage:
Late on Friday and hitting the news throughout the end of the week was the information on a detainee trade between Canada and China as the US agreed with Huawei CFO (and girl of the organization’s author) Meng Wanzhou. Meng was permitted to leave her Vancouver chateau where she had been bound and flew back to China. In the interim, Canadians Michael Kovrig and Michael Spavor were removed from their China prison cells and flown back to Canada. While relations between the US and China are as yet stressed this is a positive sign. AUD, as a China intermediary exchange, appeared to like the news.
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xtreamforex
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Re: Daily Forex News
EUR/USD bears have been in control on Tuesday and taking on critical support structures
The EUR/USD pair trades around 1.1700, down for a second back-to-back day. The day-by-day chart shows that the danger stays slanted to the disadvantage, as the pair continues to create far under a negative 20 SMA, which meets with the half retracement of the August/September advance. The 61.8% retracement of a similar convention gave obstruction last week at 1.1755. Furthermore, specialized pointers stay inside adverse levels, with the Momentum level and the RSI traveling south at around 38, indicating another leg south. Right now, EUR/USD is trying to break beneath the critical resistance of 1.17. Its next support zone is at 1.16300 and the following resistance zone is at 1.17600. Search for momentary selling chances of EUR/USD on the off chance that it breaks beneath the vital resistance of 1.17.
GBP/USD retreats to 1.3700 amid Tuesday’s Asian session, after a positive week-start
Pound/dollar is profiting from potential gain energy on the four-hour diagram, in a positive turn. Opposition anticipates at the day-by-day high of 1.3690. It is trailed by 1.3725, a swing low from mid-September, and 1.3750, last week’s peak. Currently, GBP/USD is trying to break over the critical resistance of 1.37. Its next support zone is at 1.36000 and the following resistance zone is at 1.38000. Search for momentary buying chances of GBP/USD on the off chance that it breaks over the critical degree of 1.37. The backing is at the day-by-day low of 1.3660, trailed by 1.36, the mid-August low. Further down, 1.3550 becomes possibly the most important factor.
AUD/USD stays on the back foot around 0.7270, down 0.20% intraday during early Tuesday
AUD/USD stays on the back foot around 0.7270, down 0.20% intraday during early Tuesday. Given the negative RSI difference, differentiating the AUD/USD bounce back, the 200-DMA level encompassing the 0.7300 limits and an eight-day-old diving opposition line at 0.7305 turns into the critical obstacle for the pair to cross to persuade the bulls. In the interim, pullback moves might be tested by the new exchanging range support close to 0.7220 and the 0.7200 round figure. Right now, AUD/USD is climbing towards the critical resistance of 0.73. Its next support zone is at 0.72200 and the following resistance zone is at 0.73300. Search for transient buying chances of AUD/USD if it breaks over the critical resistance of 0.73.
XAUUSD remains poised to extend losses below $1,750 on renewed USD gains
The daily chart for XAU/USD shows that it continues to trade underneath the 61.8% retracement of its March/June rally, a basic obstruction level at 1,769.10. The bullish potential is restricted, as the cost is far under a negative 20 SMA, which sped up its decay beneath the more extended ones. Gold is negative in the close term. The 4-hour outline for XAU/USD shows that a negative 20 SMA gives intraday opposition, drawing in selling interest. Simultaneously, the 100 SMA has crossed underneath the 200 SMA, both well over the current level. Meanwhile, specialized pointers have continued their decreases inside adverse levels, even though with restricted directional strength.
The EUR/USD pair trades around 1.1700, down for a second back-to-back day. The day-by-day chart shows that the danger stays slanted to the disadvantage, as the pair continues to create far under a negative 20 SMA, which meets with the half retracement of the August/September advance. The 61.8% retracement of a similar convention gave obstruction last week at 1.1755. Furthermore, specialized pointers stay inside adverse levels, with the Momentum level and the RSI traveling south at around 38, indicating another leg south. Right now, EUR/USD is trying to break beneath the critical resistance of 1.17. Its next support zone is at 1.16300 and the following resistance zone is at 1.17600. Search for momentary selling chances of EUR/USD on the off chance that it breaks beneath the vital resistance of 1.17.
GBP/USD retreats to 1.3700 amid Tuesday’s Asian session, after a positive week-start
Pound/dollar is profiting from potential gain energy on the four-hour diagram, in a positive turn. Opposition anticipates at the day-by-day high of 1.3690. It is trailed by 1.3725, a swing low from mid-September, and 1.3750, last week’s peak. Currently, GBP/USD is trying to break over the critical resistance of 1.37. Its next support zone is at 1.36000 and the following resistance zone is at 1.38000. Search for momentary buying chances of GBP/USD on the off chance that it breaks over the critical degree of 1.37. The backing is at the day-by-day low of 1.3660, trailed by 1.36, the mid-August low. Further down, 1.3550 becomes possibly the most important factor.
AUD/USD stays on the back foot around 0.7270, down 0.20% intraday during early Tuesday
AUD/USD stays on the back foot around 0.7270, down 0.20% intraday during early Tuesday. Given the negative RSI difference, differentiating the AUD/USD bounce back, the 200-DMA level encompassing the 0.7300 limits and an eight-day-old diving opposition line at 0.7305 turns into the critical obstacle for the pair to cross to persuade the bulls. In the interim, pullback moves might be tested by the new exchanging range support close to 0.7220 and the 0.7200 round figure. Right now, AUD/USD is climbing towards the critical resistance of 0.73. Its next support zone is at 0.72200 and the following resistance zone is at 0.73300. Search for transient buying chances of AUD/USD if it breaks over the critical resistance of 0.73.
XAUUSD remains poised to extend losses below $1,750 on renewed USD gains
The daily chart for XAU/USD shows that it continues to trade underneath the 61.8% retracement of its March/June rally, a basic obstruction level at 1,769.10. The bullish potential is restricted, as the cost is far under a negative 20 SMA, which sped up its decay beneath the more extended ones. Gold is negative in the close term. The 4-hour outline for XAU/USD shows that a negative 20 SMA gives intraday opposition, drawing in selling interest. Simultaneously, the 100 SMA has crossed underneath the 200 SMA, both well over the current level. Meanwhile, specialized pointers have continued their decreases inside adverse levels, even though with restricted directional strength.
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xtreamforex
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Re: Daily Forex News
EUR/USD treads water below 1.1700, consolidating the three-day downtrend
EUR/USD stays coordinated towards the yearly low of 1.1664 except if crossing the 1.1715 opposition conversion, including 10-DMA and a sliding pattern line from September 03. By and large, EUR/USD is moving downwards. As of late, EUR/USD tried however neglected to break over the vital degree of 1.17. European Central Bank President Lagarde will be talking later at the ECB Forum on Central Banking at 2345 (GMT+8). During this time, there might be instability in EUR. At present, EUR/USD is moving towards the critical degree of 1.17. Its next support zone is at 1.16300 and the following resistance zone is at 1.17600. Search for momentary selling chances of EUR/USD on the off chance that it ricochets down from the critical degree of 1.17.
GBP/USD licks its wounds after the heaviest daily fall in a year
Positive force on the four-hour chart is everything except gone, and the pair neglected to break over the 50 Simple Moving Average (SMA). Also, ineffective vertical moves brought about lower highs – another negative sign. Some support awaits at the day-by-day low of 1.3660. It is trailed by 1.3640 and 1.3610, last week’s box. It is trailed by 1.3730 and 1.3755, both obstruction lines from ongoing meetings. By and large, GBP/USD is going across. As of late, GBP/USD debilitated and broke beneath the help zone of 1.36000. GBP/USD’s next support zone is at 1.34000 and the following resistance zone is at 1.36000. Search for momentary selling chances of GBP/USD.
AUD/USD consolidates gains tracing the previous session’s fallout
On the everyday chart, the AUD/USD pair has been uniting in a transient trading scope of 0.7230 and 0.7320 since September 17. Presently, if the cost supports over the intraday high at 0.7251, it could move back to the 0.7275 flat opposition region, trailed by the earlier day’s high of 0.7312. In general, AUD/USD is running across. As of late, AUD/USD weakened and traded into the resistance zone of 0.72200. The Australian Building Approvals m/m information (Forecast: – 5.1%, Previous: – 8.6%) will be delivered tomorrow at 0930 (GMT+8). Presently, AUD/USD is bobbing off the support zone of 0.72200 and the following resistance zone is at 0.73300. Search for transient buying chances of AUD/USD.
XAUUSD price is making a minor recovery attempt from seven-week troughs of $1728
XAU/USD has skipped humbly and at present exchanges around $1,738 an official ounce, immovably negative as per the day-by-day chart. The splendid metal has fallen further beneath its moving midpoints as a whole, with the 20 SMA speeding up its droop underneath the more extended ones. Simultaneously, specialized markers have continued their decays inside adverse levels, with the RSI at present at new lows around 25. In the close to term and as indicated by the 4-hour graph, gold appears to have set an intraday base. The accompanying development has been modest, which implies that another leg lower isn’t out of the table. Specialized readings keep up with the danger slanted to the disadvantage, as the metal is creating under a solidly negative 20 SMA while the 100 SMA has broadened its slide beneath the 200 SMA.
EUR/USD stays coordinated towards the yearly low of 1.1664 except if crossing the 1.1715 opposition conversion, including 10-DMA and a sliding pattern line from September 03. By and large, EUR/USD is moving downwards. As of late, EUR/USD tried however neglected to break over the vital degree of 1.17. European Central Bank President Lagarde will be talking later at the ECB Forum on Central Banking at 2345 (GMT+8). During this time, there might be instability in EUR. At present, EUR/USD is moving towards the critical degree of 1.17. Its next support zone is at 1.16300 and the following resistance zone is at 1.17600. Search for momentary selling chances of EUR/USD on the off chance that it ricochets down from the critical degree of 1.17.
GBP/USD licks its wounds after the heaviest daily fall in a year
Positive force on the four-hour chart is everything except gone, and the pair neglected to break over the 50 Simple Moving Average (SMA). Also, ineffective vertical moves brought about lower highs – another negative sign. Some support awaits at the day-by-day low of 1.3660. It is trailed by 1.3640 and 1.3610, last week’s box. It is trailed by 1.3730 and 1.3755, both obstruction lines from ongoing meetings. By and large, GBP/USD is going across. As of late, GBP/USD debilitated and broke beneath the help zone of 1.36000. GBP/USD’s next support zone is at 1.34000 and the following resistance zone is at 1.36000. Search for momentary selling chances of GBP/USD.
AUD/USD consolidates gains tracing the previous session’s fallout
On the everyday chart, the AUD/USD pair has been uniting in a transient trading scope of 0.7230 and 0.7320 since September 17. Presently, if the cost supports over the intraday high at 0.7251, it could move back to the 0.7275 flat opposition region, trailed by the earlier day’s high of 0.7312. In general, AUD/USD is running across. As of late, AUD/USD weakened and traded into the resistance zone of 0.72200. The Australian Building Approvals m/m information (Forecast: – 5.1%, Previous: – 8.6%) will be delivered tomorrow at 0930 (GMT+8). Presently, AUD/USD is bobbing off the support zone of 0.72200 and the following resistance zone is at 0.73300. Search for transient buying chances of AUD/USD.
XAUUSD price is making a minor recovery attempt from seven-week troughs of $1728
XAU/USD has skipped humbly and at present exchanges around $1,738 an official ounce, immovably negative as per the day-by-day chart. The splendid metal has fallen further beneath its moving midpoints as a whole, with the 20 SMA speeding up its droop underneath the more extended ones. Simultaneously, specialized markers have continued their decays inside adverse levels, with the RSI at present at new lows around 25. In the close to term and as indicated by the 4-hour graph, gold appears to have set an intraday base. The accompanying development has been modest, which implies that another leg lower isn’t out of the table. Specialized readings keep up with the danger slanted to the disadvantage, as the metal is creating under a solidly negative 20 SMA while the 100 SMA has broadened its slide beneath the 200 SMA.
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xtreamforex
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Re: Daily Forex News
EUR/USD is flirting with 1.1600, attempting a warm bounce from the yearly low
The EUR/USD pair is down for a fourth continuous day, without any indications of surrendering. In the close to term, and as per the 4-hour outline, the negative potential is as yet solid, as specialized pointers head immovably lower inside regrettable levels, while the 20 SMA moves south close by the cost, giving powerful resistance around 1.1690. The slide will probably proceed to levels beneath the 1.1600 figure once everyday low surrenders. Presently, EUR/USD is trying to break beneath the critical degree of 1.16. Its next help zone is at 1.15000 and the following obstruction zone is at 1.16300. Search for momentary selling chances of EUR/USD if it breaks underneath the critical resistance of 1.16. Overall, EUR/USD is moving downwards. As of late, EUR/USD weakened and broke the support zone of 1.16300.
GBP/USD pares weekly losses, picks up bids of late
Albeit August-September 2020 levels around 1.3400 confine the prompt disadvantage of the GBP/USD costs, the past support from April 2021 around 1.3500 difficulties recuperation moves.GBP/USD tracks the market’s combination mindset while getting offers to invigorate intraday high close 1.3450. In doing as such, the link pair ricochets off the yearly low, streaked the earlier day, in front of the last Q2 GDP for the UK. Generally, GBP/USD is moving downwards. As of late, GBP/USD weakened and broke beneath the vital resistance of 1.35000. Right now, GBP/USD is ricocheting off the help zone of 1.34000 and the following opposition zone is at 1.36000. Search for momentary selling chances of GBP/USD if it breaks the support zone of 1.34000.
AUD/USD is trading above 0.7200, extending its recovery
AUD/USD pays a little notice to China’s first production line movement withdrawal since February 2020 while remaining around the intraday top of 0.7200, up 0.24% on a day, during early Thursday. Except if crossing month to month flat resistance close to 0.7220, likewise the vertical inclining pattern line from August 20 close 0.7250, AUD/USD stays coordinated towards the yearly low encompassing 0.7105. In general, AUD/USD is moving downwards. As of late, AUD/USD debilitated and broke the help zone of 0.72200. Presently, AUD/USD is climbing towards the vital degree of 0.72. Its next help zone is at 0.71000 and the following opposition zone is at 0.72200. Search for transient selling chances of AUD/USD if it skips down from the critical resistance of 0.72.
XAUUSD rebounds eyes weekly resistance near $1,740 amid softer yields
XAU/USD appears to not be able to draw in purchasers. The danger is slanted to the drawback as per the day-by-day outline, as specialized markers continue to head solidly lower inside regrettable levels, while the brilliant metal grows well underneath moving midpoints. Gold costs are indeed down, with XAU/USD posting a new one-month low of $1,721.59 an official ounce, right now trading a couple of pennies over the level. Gold unites the month-to-month losses, the heaviest since June, getting offers to invigorate intraday high close to $1,730 during early Thursday. In doing as such, the yellow metal tracks the US Treasury yields’ pullback to bob off the transient key help region.
The EUR/USD pair is down for a fourth continuous day, without any indications of surrendering. In the close to term, and as per the 4-hour outline, the negative potential is as yet solid, as specialized pointers head immovably lower inside regrettable levels, while the 20 SMA moves south close by the cost, giving powerful resistance around 1.1690. The slide will probably proceed to levels beneath the 1.1600 figure once everyday low surrenders. Presently, EUR/USD is trying to break beneath the critical degree of 1.16. Its next help zone is at 1.15000 and the following obstruction zone is at 1.16300. Search for momentary selling chances of EUR/USD if it breaks underneath the critical resistance of 1.16. Overall, EUR/USD is moving downwards. As of late, EUR/USD weakened and broke the support zone of 1.16300.
GBP/USD pares weekly losses, picks up bids of late
Albeit August-September 2020 levels around 1.3400 confine the prompt disadvantage of the GBP/USD costs, the past support from April 2021 around 1.3500 difficulties recuperation moves.GBP/USD tracks the market’s combination mindset while getting offers to invigorate intraday high close 1.3450. In doing as such, the link pair ricochets off the yearly low, streaked the earlier day, in front of the last Q2 GDP for the UK. Generally, GBP/USD is moving downwards. As of late, GBP/USD weakened and broke beneath the vital resistance of 1.35000. Right now, GBP/USD is ricocheting off the help zone of 1.34000 and the following opposition zone is at 1.36000. Search for momentary selling chances of GBP/USD if it breaks the support zone of 1.34000.
AUD/USD is trading above 0.7200, extending its recovery
AUD/USD pays a little notice to China’s first production line movement withdrawal since February 2020 while remaining around the intraday top of 0.7200, up 0.24% on a day, during early Thursday. Except if crossing month to month flat resistance close to 0.7220, likewise the vertical inclining pattern line from August 20 close 0.7250, AUD/USD stays coordinated towards the yearly low encompassing 0.7105. In general, AUD/USD is moving downwards. As of late, AUD/USD debilitated and broke the help zone of 0.72200. Presently, AUD/USD is climbing towards the vital degree of 0.72. Its next help zone is at 0.71000 and the following opposition zone is at 0.72200. Search for transient selling chances of AUD/USD if it skips down from the critical resistance of 0.72.
XAUUSD rebounds eyes weekly resistance near $1,740 amid softer yields
XAU/USD appears to not be able to draw in purchasers. The danger is slanted to the drawback as per the day-by-day outline, as specialized markers continue to head solidly lower inside regrettable levels, while the brilliant metal grows well underneath moving midpoints. Gold costs are indeed down, with XAU/USD posting a new one-month low of $1,721.59 an official ounce, right now trading a couple of pennies over the level. Gold unites the month-to-month losses, the heaviest since June, getting offers to invigorate intraday high close to $1,730 during early Thursday. In doing as such, the yellow metal tracks the US Treasury yields’ pullback to bob off the transient key help region.
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xtreamforex
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Re: Daily Forex News
EUR/USD seems to be consolidating the recent downside below 1.1600
The EUR/USD pair completed the day with sharp losses, dying to a fifth continuous day. The everyday chart shows that specialized markers keep up with their sharp negative slant, notwithstanding they are at present creating inside oversold levels. The 20 SMA has sped up its decay far over the current level while beneath the more extended ones, reflecting expanding selling interest. In general, EUR/USD is moving downwards. As of late, EUR/USD broke underneath the critical resistance of 1.16. EUR/USD’s next support zone is at 1.15000 and the following resistance zone is at 1.16300. Search for momentary selling chances of EUR/USD.
GBP/USD weekly and the daily chart support the downward bias
Pound/dollar has skipped from the lows, pushing the Relative Strength Index (RSI) on the four-hour outline over 20 – outside outrageous overbought conditions. By and large, bears in control. Overall, GBP/USD is moving downwards. As of late, GBP/USD skipped off the support zone of 1.34000. GBP/USD’s next support zone is at 1.34000 and the following resistance zone is at 1.36000. Search for momentary selling chances of GBP/USD. Backing anticipates at the new September low of 1.3410. It is trailed by levels last seen before the end of last year, for example, 1.3390, 1.3310, and 1.3295. Quick resistance is at a day high of 1.3460, trailed by the mentally critical 1.35 line and afterward by 1.3570.
AUD/USD bulls are moving in on the counter-trendline
The price needs rectification and the 38.2% Fibonacci is the main objective that watches a slight juncture of earlier lows and a half mean inversion. According to an hourly point of view, this can be exploited and bulls will be searching for a bullish construction to frame in the coming sessions. Overall, AUD/USD is moving downwards. As of late, AUD/USD traded into the resistance zone of 0.72200. Most Australian banks will be shut next Monday in recognition of Labor Day. Expect lower exchanging instability and volume during the standard Australian market hours. As of now, AUD/USD is trying the resistance zone of 0.72200 and the following support zone is at 0.71000. Search for transient selling chances of AUD/USD if it dismisses the support zone of 0.71000.
XAU/USD correcting towards $1,750, then eyes on $1,780
XAU/USD is posting its greatest day since May, up generally $40 per ounce. Be that as it may, the development likely could be remedial. The everyday outline shows that the brilliant metal beat around the 38.2% retracement of its most recent decrease estimated somewhere in the range of 1,833.95 and 1,731.59 at 1,764.35. In the close term, and as per the 4-hour outline, the scale slants to the potential gain. Gold has taken off over a now level 20 SMA, while specialized markers head north upward inside certain levels. Further gains are logical if the pair figures out how to settle past the referenced Fibonacci obstruction level, with an extension to approach 1,777.75.
The EUR/USD pair completed the day with sharp losses, dying to a fifth continuous day. The everyday chart shows that specialized markers keep up with their sharp negative slant, notwithstanding they are at present creating inside oversold levels. The 20 SMA has sped up its decay far over the current level while beneath the more extended ones, reflecting expanding selling interest. In general, EUR/USD is moving downwards. As of late, EUR/USD broke underneath the critical resistance of 1.16. EUR/USD’s next support zone is at 1.15000 and the following resistance zone is at 1.16300. Search for momentary selling chances of EUR/USD.
GBP/USD weekly and the daily chart support the downward bias
Pound/dollar has skipped from the lows, pushing the Relative Strength Index (RSI) on the four-hour outline over 20 – outside outrageous overbought conditions. By and large, bears in control. Overall, GBP/USD is moving downwards. As of late, GBP/USD skipped off the support zone of 1.34000. GBP/USD’s next support zone is at 1.34000 and the following resistance zone is at 1.36000. Search for momentary selling chances of GBP/USD. Backing anticipates at the new September low of 1.3410. It is trailed by levels last seen before the end of last year, for example, 1.3390, 1.3310, and 1.3295. Quick resistance is at a day high of 1.3460, trailed by the mentally critical 1.35 line and afterward by 1.3570.
AUD/USD bulls are moving in on the counter-trendline
The price needs rectification and the 38.2% Fibonacci is the main objective that watches a slight juncture of earlier lows and a half mean inversion. According to an hourly point of view, this can be exploited and bulls will be searching for a bullish construction to frame in the coming sessions. Overall, AUD/USD is moving downwards. As of late, AUD/USD traded into the resistance zone of 0.72200. Most Australian banks will be shut next Monday in recognition of Labor Day. Expect lower exchanging instability and volume during the standard Australian market hours. As of now, AUD/USD is trying the resistance zone of 0.72200 and the following support zone is at 0.71000. Search for transient selling chances of AUD/USD if it dismisses the support zone of 0.71000.
XAU/USD correcting towards $1,750, then eyes on $1,780
XAU/USD is posting its greatest day since May, up generally $40 per ounce. Be that as it may, the development likely could be remedial. The everyday outline shows that the brilliant metal beat around the 38.2% retracement of its most recent decrease estimated somewhere in the range of 1,833.95 and 1,731.59 at 1,764.35. In the close term, and as per the 4-hour outline, the scale slants to the potential gain. Gold has taken off over a now level 20 SMA, while specialized markers head north upward inside certain levels. Further gains are logical if the pair figures out how to settle past the referenced Fibonacci obstruction level, with an extension to approach 1,777.75.
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xtreamforex
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Re: Daily Forex News
EUR/USD battles1.1600 amid the dollar’s rebound
The Relative Strength Index on the four-hour chart is simply under 30, accordingly in the oversold domain. That infers a ricochet is inevitable, yet it very well may be brief. Euro/dollar is experiencing huge drawback force and exchanges well underneath the 50, 100, and 200 Simple Moving Averages. Generally speaking, EUR/USD is moving downwards. As of late, EUR/USD was traded into the resistance zone of 1.16300. Right now, EUR/USD is trying the resistance zone of 1.16300 and the following support zone is at 1.15000. Search for selling chances of EUR/USD on the off chance that it cuts off the resistance zone of 1.16300. Some resistance is at 1.1610, where a recuperation endeavor was defeated on Thursday. Further above, 1.1660 and 1.1680 are anticipated.
GBP/USD pair remains subdued during the Asian session, the range below 1.3550
Generally speaking, GBP/USD is moving downwards. As of late, GBP/USD broke over the vital resistance of 1.35. Some support is at the everyday low of 1.3430. It is trailed by the 2021 box of 1.34, and afterward by 1.3310. Resistance is at the everyday high of 1.3480, trailed by 1.3520, Thursday’s swing high. Following up, 1.3575 and 1.36 anticipate bulls. As of now, GBP/USD is moving towards the resistance zone of 1.36000 and the following support zone is at 1.34000. Search for selling chances of GBP/USD if it dismisses the resistance zone of 1.36000.
USD/JPY consolidates losses on the first trading day of the week.
Generally speaking, USD/JPY is moving upwards. As of late, USD/JPY was traded into the support zone of 110.800. Technically talking, the USD/JPY pair has been riding higher since September 22 and topped at the yearly highs at 112.08. The bulls look depleted now and post for some prompt help around 111.00-111.20. Presently, if the cost took a further plunge, it would wind up with a more profound revision. Having said that, the main drawback target could be found at Tuesday’s low of 110.93. The Moving Average Convergence Divergence (MACD) pointer exchanges the overbought zone. Currently, USD/JPY is trying the support zone of 110.800 and the following resistance zone is at 112.000. Search for buying chances of USD/JPY if it dismisses the support zone of 110.800.
Gold pares intraday gains near a one-week high during early Monday
The Technical Confluences Detector is showing that gold has support at $1,754, which is a cluster including the Bollinger Band 15min-Middle, the Simple Moving Average 10-15m, the Fibonacci 23.6% one-day and several additional lines. A more considerable cushion awaits at $1,748, which is where the all-important Fibonacci 38.2% one day and the Fibonacci 23.6% one month. Looking up, some resistance awaits at $1,764, which is the meeting point of the previous daily low and the Fibonacci 38.2% one day. The next target is $1,771, which is the confluence of the Bollinger Band one-day Middle and the Pivot Point one-day Resistance 1 meet.
The Relative Strength Index on the four-hour chart is simply under 30, accordingly in the oversold domain. That infers a ricochet is inevitable, yet it very well may be brief. Euro/dollar is experiencing huge drawback force and exchanges well underneath the 50, 100, and 200 Simple Moving Averages. Generally speaking, EUR/USD is moving downwards. As of late, EUR/USD was traded into the resistance zone of 1.16300. Right now, EUR/USD is trying the resistance zone of 1.16300 and the following support zone is at 1.15000. Search for selling chances of EUR/USD on the off chance that it cuts off the resistance zone of 1.16300. Some resistance is at 1.1610, where a recuperation endeavor was defeated on Thursday. Further above, 1.1660 and 1.1680 are anticipated.
GBP/USD pair remains subdued during the Asian session, the range below 1.3550
Generally speaking, GBP/USD is moving downwards. As of late, GBP/USD broke over the vital resistance of 1.35. Some support is at the everyday low of 1.3430. It is trailed by the 2021 box of 1.34, and afterward by 1.3310. Resistance is at the everyday high of 1.3480, trailed by 1.3520, Thursday’s swing high. Following up, 1.3575 and 1.36 anticipate bulls. As of now, GBP/USD is moving towards the resistance zone of 1.36000 and the following support zone is at 1.34000. Search for selling chances of GBP/USD if it dismisses the resistance zone of 1.36000.
USD/JPY consolidates losses on the first trading day of the week.
Generally speaking, USD/JPY is moving upwards. As of late, USD/JPY was traded into the support zone of 110.800. Technically talking, the USD/JPY pair has been riding higher since September 22 and topped at the yearly highs at 112.08. The bulls look depleted now and post for some prompt help around 111.00-111.20. Presently, if the cost took a further plunge, it would wind up with a more profound revision. Having said that, the main drawback target could be found at Tuesday’s low of 110.93. The Moving Average Convergence Divergence (MACD) pointer exchanges the overbought zone. Currently, USD/JPY is trying the support zone of 110.800 and the following resistance zone is at 112.000. Search for buying chances of USD/JPY if it dismisses the support zone of 110.800.
Gold pares intraday gains near a one-week high during early Monday
The Technical Confluences Detector is showing that gold has support at $1,754, which is a cluster including the Bollinger Band 15min-Middle, the Simple Moving Average 10-15m, the Fibonacci 23.6% one-day and several additional lines. A more considerable cushion awaits at $1,748, which is where the all-important Fibonacci 38.2% one day and the Fibonacci 23.6% one month. Looking up, some resistance awaits at $1,764, which is the meeting point of the previous daily low and the Fibonacci 38.2% one day. The next target is $1,771, which is the confluence of the Bollinger Band one-day Middle and the Pivot Point one-day Resistance 1 meet.
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xtreamforex
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Re: Daily Forex News
Xtreamforex Asia FX news wrap: RBA statement still to come
The US dollar rose here during the Asian timezone basically no matter how you look at it. EUR, AUD, GBP, NZD, CAD are all lower against the USD, yen, and CHF moreover. Japan’s Nikkei and Hong Kong’s Hang Seng also dropped following the reestablished slide on Wall Street.
During the meeting, we had a lot of monetary information delivered (see shots above) yet a greater amount of note was the proceeding with a stream of terrible news out of the Chinese property area with reports of more installments missed and something like one “default-like” measure. US President Biden seems to have brought down his asking sum for his spending bills from $3.5tln into a more adequate reach (see projectiles above).
Returning to the information delivers, a striking one was the Australian exchange balance for August, which arrived in a third continuous record excess, this time over AUD15bn in the month. Flooding LNG and coal send out more than offset a decrease in iron mineral fares. Imports mellowed a bit, with investigators looking forward and expecting these to climb once states resume in the many months ahead.
Still to come:
Hold Bank of Australia meeting today – see (no change expected, however perhaps some large scale pru signs)
Also, further ahead:
NZD brokers – set out up toward the GDT dairy closeout coming up Tuesday
Central bank speakers coming up Tuesday 5 October 2021 – Barkin, Quarles
BOJ Governor Kuroda to speak Tuesday, US time (evening)
The US dollar rose here during the Asian timezone basically no matter how you look at it. EUR, AUD, GBP, NZD, CAD are all lower against the USD, yen, and CHF moreover. Japan’s Nikkei and Hong Kong’s Hang Seng also dropped following the reestablished slide on Wall Street.
During the meeting, we had a lot of monetary information delivered (see shots above) yet a greater amount of note was the proceeding with a stream of terrible news out of the Chinese property area with reports of more installments missed and something like one “default-like” measure. US President Biden seems to have brought down his asking sum for his spending bills from $3.5tln into a more adequate reach (see projectiles above).
Returning to the information delivers, a striking one was the Australian exchange balance for August, which arrived in a third continuous record excess, this time over AUD15bn in the month. Flooding LNG and coal send out more than offset a decrease in iron mineral fares. Imports mellowed a bit, with investigators looking forward and expecting these to climb once states resume in the many months ahead.
Still to come:
Hold Bank of Australia meeting today – see (no change expected, however perhaps some large scale pru signs)
Also, further ahead:
NZD brokers – set out up toward the GDT dairy closeout coming up Tuesday
Central bank speakers coming up Tuesday 5 October 2021 – Barkin, Quarles
BOJ Governor Kuroda to speak Tuesday, US time (evening)
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xtreamforex
- rank: 500+ posts
- Posts: 707
- Joined: Tue Jan 08, 2019 7:53 am
- Reputation: 69
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- Real name: magUsadeVE
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- Contact:
Re: Daily Forex News
EUR/USD struggles for a clear direction within a bearish chart pattern
In general, EUR/USD is moving downwards. As of late, EUR/USD bounced off the resistance zone of 1.16300. The danger is slanted to the disadvantage, as per the day-by-day chart, as specialized pointers have continued their decays after revising outrageous oversold readings. Simultaneously, the pair continues to foster well beneath its moving midpoints as a whole, with the 20 SMA keeping a solidly negative slant more than 100 pips over the current level. Presently, EUR/USD is trying to break beneath the vital resistance of 1.16. Its next support zone is at 1.15000 and the following resistance zone is at 1.16300. Search for selling chances of EUR/USD if it breaks beneath the vital resistance of 1.16.
GBP/USD struggles to keep the latest rebound above 1.3600
In general, GBP/USD is moving downwards.Pound/dollar has outperformed the 50 Simple Moving Average on the four-hour chart and advantages from potential gain energy. The Relative Strength Index (RSI) has settled and stays a long way from overbought conditions. All things considered, bulls are making progress. Resistance anticipates at 1.3645, Monday’s high point. It is trailed by 1.3695, which covered GBP/USD in late October. Further above, 1.3725 and 1.3750 anticipate the bulls. At present, GBP/USD is trying the resistance zone of 1.36000 and the following support zone is at 1.34000. Search for selling chances of GBP/USD on the off chance that it dismisses the resistance zone of 1.36000.
USD/JPY edges higher on Wednesday after posting fall for three consecutive days
After moving above 112.00 without precedent for 2021 last week, the USD/JPY pair arranged a profound revision and shut the past three exchanging days the negative domain. With the market mindset enhancing Tuesday, the pair figured out how to invert its course and was most recently seen acquiring 0.32% on the day at 111.22. Generally, USD/JPY is moving upwards. As of late, USD/JPY dismissed the support zone of 110.800. USD/JPY’s next support zone is at 110.800 and the following resistance zone is at 112.000. Search for momentary buying chances of USD/JPY.
XAU/USD remains pressured near $1,750, US job data eyed
XAU/USD continues to exchange between Fibonacci levels. The everyday outline shows that gold couldn’t hold gains over a negative 20 SMA and right now exchanges underneath it, meeting purchasers for a third sequential day around the 23.6% retracement of its most recent day-by-day droop at 1,748.05. Specialized markers are aimless inside adverse levels, with the RSI gradually turning south. For the close to term, the viewpoint is unbiased to-bullish as XAU/USD is remaining over a bullish 20 SMA, while specialized pointers point higher from around their midlines. The 100 SMA keeps an unassuming negative slant close the following Fibonacci obstruction level at 1,764.35, the level to beat to anticipate extra gains in the forthcoming meetings.
In general, EUR/USD is moving downwards. As of late, EUR/USD bounced off the resistance zone of 1.16300. The danger is slanted to the disadvantage, as per the day-by-day chart, as specialized pointers have continued their decays after revising outrageous oversold readings. Simultaneously, the pair continues to foster well beneath its moving midpoints as a whole, with the 20 SMA keeping a solidly negative slant more than 100 pips over the current level. Presently, EUR/USD is trying to break beneath the vital resistance of 1.16. Its next support zone is at 1.15000 and the following resistance zone is at 1.16300. Search for selling chances of EUR/USD if it breaks beneath the vital resistance of 1.16.
GBP/USD struggles to keep the latest rebound above 1.3600
In general, GBP/USD is moving downwards.Pound/dollar has outperformed the 50 Simple Moving Average on the four-hour chart and advantages from potential gain energy. The Relative Strength Index (RSI) has settled and stays a long way from overbought conditions. All things considered, bulls are making progress. Resistance anticipates at 1.3645, Monday’s high point. It is trailed by 1.3695, which covered GBP/USD in late October. Further above, 1.3725 and 1.3750 anticipate the bulls. At present, GBP/USD is trying the resistance zone of 1.36000 and the following support zone is at 1.34000. Search for selling chances of GBP/USD on the off chance that it dismisses the resistance zone of 1.36000.
USD/JPY edges higher on Wednesday after posting fall for three consecutive days
After moving above 112.00 without precedent for 2021 last week, the USD/JPY pair arranged a profound revision and shut the past three exchanging days the negative domain. With the market mindset enhancing Tuesday, the pair figured out how to invert its course and was most recently seen acquiring 0.32% on the day at 111.22. Generally, USD/JPY is moving upwards. As of late, USD/JPY dismissed the support zone of 110.800. USD/JPY’s next support zone is at 110.800 and the following resistance zone is at 112.000. Search for momentary buying chances of USD/JPY.
XAU/USD remains pressured near $1,750, US job data eyed
XAU/USD continues to exchange between Fibonacci levels. The everyday outline shows that gold couldn’t hold gains over a negative 20 SMA and right now exchanges underneath it, meeting purchasers for a third sequential day around the 23.6% retracement of its most recent day-by-day droop at 1,748.05. Specialized markers are aimless inside adverse levels, with the RSI gradually turning south. For the close to term, the viewpoint is unbiased to-bullish as XAU/USD is remaining over a bullish 20 SMA, while specialized pointers point higher from around their midlines. The 100 SMA keeps an unassuming negative slant close the following Fibonacci obstruction level at 1,764.35, the level to beat to anticipate extra gains in the forthcoming meetings.
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