GBP/USD Technical Analysis
The pair is updating price lows.
We observed that during yesterday's trading session the pair updated its annual lows and found a new level of resistance near the mark of 1.2860, leading it to a correction.
The dollar index continues to demonstrate the strength of the reserve currency and is near the maximum annual values.
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EUR/USD Technical Analysis & Daily Chart
The euro is weakening amid the Turkish crisis, so we should sell the pair today.
Today we would take a look at the EUR/USD currency pair. As of the middle of last week the pair began a more pronounced decline and is now down to levels previously reached in April 2017.
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EUR/SGD: Fundamental Review & Forecast
The EUR is under pressure due to the situation with the Turkish lira. The deals to BUY seem the most effective in the near future.
The rates continue within the upward trend. However, its intensity has been lost. Now we can see signs of a weak downtrend formation. Actually, the SGD gradually began to strengthen half a year ago and during this time increased in price by 5%.
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GBP/USD Technical Analysis
The pair is finding new levels.
After yesterday's trading session, the dollar rally slowed down and the dollar index moved away from the recently reached peaks.
Released today in the UK, the basic index and the volume of retail sales showed better-than-expected results.
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Can Turkey Avoid a Crisis?
What the country is doing to prevent a crisis might not be enough.
Last week we introduced to the currently developing financial issues in Turkey. More specifically, their national currency, the Turkish lira, has been crashing hard against the dollar, losing more than 40% of its value in 2018
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EUR/USD Technical Analysis & Daily Chart
The pair will begin a decline again, so we can sell it now.
Today we would return to the EUR/USD currency pair. It continues to be quite volatile, though it has recovered slightly compared to last Monday.
In all seriousness, things are not looking too great for the euro right now.
More information see here
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AUD/CAD: Review & Forecast
The CAD is still the currency with the most potential against the AUD. The price correction is over, so the deals on the trend will be the most effective.
The rates have stabilized in August and now we can see a steady downward trend in favor of the Canadian dollar.
More information see here
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EUR/USD Technical Analysis
The pair is forming an inverted head and shoulders pattern.
The strength of the dollar has weakened and the dollar index began to depart from the highs achieved last week, dropping to the mark of 95.00.
More information see here
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