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Daily Market News — December 12th 2019

The macroeconomic data released from the US caused the greenback to weaken a bit. The pound, euro, and the New Zealand dollar are looking strong at the moment. The EUR/USD pair looks bullish as it broke above the resistance at 1.1113. The resistance levels are 1.1198, 1.1244, and 1.1279. The support levels are 1.1113, 1.1071, and 1.1043. The USD/JPY pair is range bound between the 108.27 and the 108.95 level. The resistance levels are 108.95, 109.96, and 110.69. The support […]

Daily Market News — December 11th 2019

Among the major currencies, the greenback is the weakest, and the pound looks relatively strong. The EUR/USD pair is range bound and is trading below the resistance level at 1.1113. The resistance levels are 1.1113, 1.1140, and 1.1198. The support levels are 1.1071, 1.1043, and 1.1039. The USD/JPY pair is range bound between the 108.27 level and the 108.95 level. However, it looks like it could break out of the range after the release of FOMC […]

Daily Market News — December 10th 2019

The US dollar gave back some of its gains as the trading week began. The pound and the New Zealand dollar look bullish at the moment. The EUR/USD pair is range bound between the 1.1050 and the 1.1075 level. The resistance levels are 1.1079, 1.1093, and 1.1107. The support levels are 1.1043, 1.1039, and 1.0994. The USD/JPY is bearish and it looks likely to consolidate between the 108.27 and the 108.95 level. The resistance levels are 108.95, 109.96, and 110.89. […]

Daily Market News — December 9th 2019

The trading week has begun with the US dollar giving back some of the gains from last week and the pound is looking bullish. The EUR/USD pair looks bullish and the 1.1068 level looks pivotal at the moment. The resistance levels are 1.1068, 1.1093, and 1.1107. The support levels are 1.1043, 1.1039, and 1.0994. The USD/JPY pair is range bound between the 108.27 level and the 108.95 level. The resistance levels are 108.95, 109.86, and 110.69. […]

Daily Market News — December 5th 2019

The headlines on trade war between the US and China has made the dollar to be bearish. Among the major currencies, the pound looks the strongest. The EUR/USD pair looks slightly bullish and the 1.10 level continues to be pivotal for this pair at the moment. The resistance levels are 1.1093, 1.1107, and 1.1140. The support levels are 1.1068, 1.1046, and 1.1043. The USD/JPY pair looks bearish and the 108.78 level looks pivotal for this pair at the moment. The resistance levels […]

Daily Market News — December 4th 2019

Due to the comments from the US President, Donald Trump, risk-off sentiment dominated the market on Monday session. This caused the greenback and the US stock market to fall and the safe haven currencies gained. The EUR/USD pair looks bearish and is facing strong resistance at the 1.1093 level. This level looks pivotal at the moment. The resistance levels are 1.1093, 1.1107, and 1.1140. The support levels are 1.1056, 1.1043, and 1.1039. The USD/JPY pair looks strongly […]

Daily Market News — December 3rd 2019

The Canadian dollar is the weakest and the New Zealand dollar is the strongest major currency. The EUR/USD pair looks more bullish as the US dollar weakens. The 1.1093 level is seen as a pivot at the moment for this pair. The resistance levels are 1.1093, 1.1107, and 1.1140. The support levels are 1.1056, 1.1043, and 1.1039. The USD/JPY pair fell yesterday, but has found support at the 108.91 level. The resistance levels are 109.96, 110.69, and 108.74. […]

Daily Market News — December 2nd 2019

Among the major currencies, the New Zealand dollar is the strongest, and the Japanese yen is the weakest currency. The medium-term trend is determined by the 1.10 level for the EUR/USD pair at the moment. The resistance levels are 1.1039, 1.1043, and 1.1056. The support levels are 1.0993, 1.0966, and 1.0941. For the USD/JPY pair, the 109.48 level continues to be pivotal. The resistance levels are 109.96, 110.69, and 112.46. The support levels are 106.91, 108.82, and 108.74. The GBP/USD pair […]

Daily Market News — November 28th 2019

Among the major currencies, the pound is the strongest, while the yen and the Australian dollar are the weakest. The 1.10 level looks pivotal for the EUR/USD pair at the moment. A breakout will determine the next move. The resistance levels are 1.1039, 1.1043, and 1.1056. The support levels are 1.0993, 1.0966, and 1.0941. The USD/JPY pair looks very bullish at the moment, as it broke above the resistance levet at 109.48. The resistance levels are 109.48, 109.96, and 110.69. The support […]

Daily Market News — November 27th 2019

Among the major currencies, the greenback is the strongest, the yen and the Australian dollar are the weakest. For the EUR/USD pair, the 1.10 level looks pivotal. Also, it looks slightly bearish at the moment. The resistance levels are 1.1039, 1.1043, and 1.1056. The support levels are 1.0993, 1.0966, and 1.0941. The USD/JPY pair has broken the resistance at the 109.13 level and looks more bullish. A test of the 109.48 level looks likely at the moment. The resistance levels are 109.48, […]

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