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Daily Market News — January 22nd 2020

The US stock market and the pound are looking bullish today. The precious metals such as gold and the Japanese yen are looking weak. The EUR/USD pair is retesting the support at 1.1081 and the double bottom pattern seems to be under threat. The resistance levels are 1.1110, 1.1141, and 1.1169. The support levels are 1.1081, 1.1043, and 1.1039. The USD/JPY pair has recovered from the dip and looks likely to retest the key resistance level at the 110.07 […]

Daily Market News — January 21st 2020

Precious metals like gold and the Japanese yen are looking strong. The US dollar and the greenback are looking weak at the moment. The EUR/USD pair has formed a double bottom pattern after finding support at the 1.1083. The resistance levels are 1.1110, 1.1141, and 1.1169. The support levels are 1.1081, 1.1043, and 1.1039. The USD/JPY pair looks more bearish due to risk aversion and the BOJ statement. The resistance levels are 110.07, 110.09, and 112.46. […]

Daily Market News — January 20th 2020

The trading week has begun with the stock market and the precious metals like gold are looking strong. The pound looks relatively weak. The EUR/USD pair seems to have found a medium-term double bottom at 1.1083. The resistance levels are 1.1110, 1.1141, and 1.1189. The support levels are 1.1083, 1.1043, and 1.1039. The USD/JPY pair has made a bullish breakout at the 110.00 level, but the price action to the upside seems to be fading at the moment. […]

Daily Market News — January 16th 2020

The risk-on sentiment is back in the market as US and China complete phase 1 of a trade deal. The EUR/USD pair looks more bullish now as it has established support at 1.1145. The resistance levels are 1.1169, 1.1204, and 1.1244. The support levels are 1.115, 1.1110, and 1.1083. The USD/JPY pair has made a bullish breakout above the 110.00 level, but it is showing signs of weakness at the moment. The resistance levels are 110/69, […]

Daily Market News — January 15th 2020

The risk-off sentiment dominates the market at the moment due to headlines that the US tariffs will remain on Chinese imports until November. The EUR/USD pair is less bullish and looks likely to remain range bound between the 1.1110, and the 1,1145 level. The resistance levels are 1.1145, 1.1169, and 1.1204. The support levels are 1.1110, 1.1083, and 1.1043. The USD/JPY pair has made a bullish breakout above the key 110.00 level, but looks less […]

Daily Market News — January 14th 2020

The risk-on sentiment is dominating in the market due to headlines on trade deal between the US and China, which caused the greenback to strengthen. However, the safe haven is experiencing a sell-off at the moment. The EUR/USD pair is looking strongly bullish at the moment, as it broke above the bearish trendline, coming at the 1.1130 level. The resistance levels are 1.1169, 1.1204, and 1.1244. The support levels are 1.1131, 1.1112, and 1.108. The USD/JPY pair has made a bullish […]

Daily Market News — January 13th 2020

As the risk-on sentiment dominates the market, the US dollar and the stock market are looking bullish, while the safe haven assets experience a sell-off at the moment The EUR/USD pair is range bound and the 1.1129 level looks pivotal at the moment. The resistance levels are 1.1129, 1.1169, and 1.1204. The support levels are 1.1083, 1.1043, and 1.1039. The USD/JPY pair looks more bullish as the risk appetite returns to the market. The resistance levels are 109.96, 110.69, and 112.46. […]

Daily Market News — January 9th 2020

As the tensions in the middle east eases, risk-on sentiment dominates in the market with the US dollar to strengthen and the US stock market to rise. The safe haven assets experience a sell-off at the moment. The EUR/USD pair looks strongly bearish at the moment. It has established a double bottom pattern at the 1.1128 level. The resistance levels are 1.1128, 1.1169, and 1.1204. The support levels are 1.1083, 1.1043, and 1.1043. The USD/JPY pair looks more bullish as risk appetite […]

Daily Market News — January 8th 2020

The risk-on sentiment is dominating the market with the investments flowing towards the safe haven assets, due to military action by Iran. However, the market recovered later as there was no immediate response from the US. The EUR/USD pair is ranging between the 1.1128 and the 1.1169 level. The resistance levels are 1.1169, 1.1204, and 1.1244. The support levels are 1.1128, 1.1109, and 1.1083. The USD/JP0Y pair has bounced from the support level at 107.78. […]

Daily Market News — January 7th 2019

The market is dominated by the risk-on sentiment at the moment, with the Canadian dollar appreciating in value, and the Japanese yen looking weak. The EUR/USD pair is consolidating between the 1.1182 level and the 1.1204 level. The resistance levels are 1.1204, 1.1244, and 1.1279. The support levels are 1.1182, 1.1128, and 1.1109. The USD/JPY pair looks less bearish and is approaching long-term low prices. The resistance levels are 108.68, 108.92, and 109.90. The support levels are […]

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