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Daily Market News — October 29th 2019

The US dollar, the Australian dollar, and the Stock market are looking bullish. The Japanese yen is looking bearish. The EUR/USD pair looks range bound at the moment and has formed a double bottom pattern at the 1.1063 level. The resistance levels are 1.1121, 1.1198, and 1.1244. The support levels are 1.1063, 1.1018, and 1.0993. The USD/JPY pair faces strong resistance at the 109.00 level, but a breakout to the upside looks likely at the moment. The resistance levels are […]

Daily Market News — October 28th 2019

The stock market and the US dollar are looking bullish. The Australian dollar looks bearish. The EUR/UJSD pair looks range bound and has formed a short-term double bottom at the 1.1063 level. The resistance levels are 1.1121, 1.1198, and 1.1244. The support levels are 1.1063, 1.1018, and 1.0993. The USD/JPY pair looks bullish and faces strong resistance at the 109.00 level. However, a breakout above this level looks likely. The resistance levels are 109.00, […]

Daily Market News — October 24th 2019

The pound looks strongly bullish today. The Australian dollar looks slightly bearish. The EURUSD pair looks range bound and slightly bullish, as the investors are waiting for the ECB monthly statement. The resistance levels are 1.1198, 1.1244, and 1.1279. The support levels are 1.1107, 1.1063, and 1.1018. The USD/JPY is ranging and is facing strong resistance at the 109.00 level. The resistance levels are 108.72, 109.00, and 109.48. The support levels are 108.07, 107.78, […]

Daily Market News — October 23rd 2019

The greenback and the yen are looking bullish. The pound looks slightly bearish at the moment. The EUR/USD pair looks slightly bearish due to the strengthening of the greenback and Brexit uncertainty. The resistance levels are 1.1198, 1.1244, and 1.1279. The support levels are 1.1068, 1.1018, and 1.0993. The USD/JPY pair looks range bound and faces strong resistance at 109.00. The resistance levels are 108.72, 109.00, and 109.43. The support levels are 108.07, 107.78, and 107.63. The GBP/USD pair […]

Daily Market News — October 22nd 2019

All major currencies except the greenback and the yen are looking bullish. The EUR/USD pair looks bullish at the moment and has found support at the 1.1135 level. This is due to the US dollar weakening and a good progress in Brexit negotiations. The resistance levels are 1.1198, 1.1244, and 1.1279. The support levels are 1.1135, 1.1063, and 1.1018. The USD/JPY pair looks range bound and is facing strong resistance at the 109.00 level. The resistance levels are […]

Daily Market News — October 17th 2019

The Norwegian Krona and the Japanese yen are the weakest among major currencies. The pound looks bullish at the moment. The EUR/USD pair looks strongly bullish and has support at 1.1060. The resistance levels are 1.1131, 1.1162, and 1.1196. The support levels are 1.1018, 1.0993, and 1.0966. The USD/JPY looks bullish, but is also range bound at the moment. It has strong resistance at 109.00. The resistance levels are 109.00, 109.48, and 109.96. The support levels […]

Daily Market News — October 16th 2019

The pound and the stock market are looking bullish. The yen is the weakest among the major currencies at the moment. The EUR/USD pair looks range bound and is trading above the support level at 1.1018. The resistance levels are 1.1131, 1.1162, and 1.1188. The support levels are 1.1018, 1.0993, and 1.0966. The USD/JPY pair looks strongly bullish and is trading below the resistance at 109.00. The resistance levels are 109.00, 109.48, and 109.96. The support levels are […]

Daily Market News — October 15th 2019

The Japanese yen looks extremely bearish at the moment. The stock market and the pound look bullish. The EUR/USD pair looks range bound and is unclear of direction at the moment. It is trading above the support level at 1.1080. The resistance levels are 1.1131, 1.1162, and 1.1198. The support levels are 1.1018, 1.10000, and 1.0966. The USD/JPY pair looks bullish, but faces strong resistance at the 109.00 level. The resistance levels are 108.71, 109.00, and 109.48. […]

Daily Market News — October 10th 2019

Looking at the major currency pairs, the yen looks as the weakest, and the euro is the strongest currency. The EUR/USD pair looks range bound and is trading above the support level at 1.0965. The resistance levels are 1.1024, 1.1131, and 1.1162. The support levels are 1.0966, 1.0941, and 1.0904. The USD/JPY pair is looking strongly bullish and is testing the resistance at 107.63. The resistance levels are 107.63, 108.07, and 108.43. The support levels are 106.44, 106.08, […]

Gold Forecast — October 9th 2019

In this video, the Trader Guy looks at the commodity, gold for the October 9th session. Gold/USD — The 50-day EMA, which comes at the $1,490 level has offered support. So, gold bounced off this level on Tuesday session. Also, the area above the ascending triangle pattern, and this uptrend line look supportive. So, dips are seen as buying opportunities. It is interesting to note that negative headlines coming out […]

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