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  • #46 Collapse

    Re: Bullseye Markets News

    Technical Overview of EUR/USD and GBP/USD

    EUR/USD

    The EUR/USD currently traded at the level 1.1880 according to the press time that will be representing the gain on the day.

    The pair neglected to build up protected traction over the 1.19 blemish on Thursday, having neglected to close over that level on July 31.

    In that capacity, 1.19 is the key obstruction. A continued move past that barrier is expected to re-establish the bullish movement and make the ways for 1.2042 (July 2012 low).

    The pair will release above at the level 1.19 could make a few purchasers leave the market and yield a remarkable pullback. Observe that the relative quality record on every day and 4-hour graphs are showing overbought conditions with an over 50 print. Therefore, rectification can't be prevented.

    The higher low of 1.1696 made on Aug. 3 is the level to beat for the bears.


    GBP/USD

    The GBP/USD pair will take the bid near the level 1.1315 up to 0.21% on the day during Thursday according to the Asian Session. The Cable pair will be recently bounced off 1.3108 to a two-day winning streak.

    With the MACD bulls, the pair is bound to succeed a descending slanting pattern line from July 31, at 1.3160 now, which thus could rapidly move the pair towards March high close to 1.3200. In any case, July month's high of 1.3170 may go about as an approval point for the further rise.

    The pair will be expected to go the level 1.3100 goes about as a close-by rest for the vendors during the new drawback in front of a rising helpline close to 1.3025.
    It merits referencing that the pair's decreases below at the level 1.3025 won't give free passage to dealers as 200-HMA close to 1.3010 and the 1.3000 limits will be the difficult one to break for the bears.
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    Last edited by ; 06-08-2020, 02:08 PM.
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    • #47 Collapse

      Re: Bullseye Markets News

      EUR/USD Losing Upside Momentum Trend up Slowly

      The resistance will come at level 1.1765 that following the down trending with the resistance level at 1.1796. It will go edging the higher against the US Dollar on Early Tuesday after testing its lower level on since August session. According to the Monday Session was all about the U.S Dollar as the Investor that will focus on United States and US-China tensions that will go ahead on the key trade that talks this week increased the greenbacks on the safe-haven currency.
      The fundamental pattern is up as indicated by the day by day swing Chart. Travel through 1.1916 will flag a resumption of the upswing. The primary pattern is alright for the time being, it will change to down on and traded through the closest fundamental base at 1.1185.
      The minor pattern is additionally up. The pair will be traded at the level through 1.1696 will change the minor pattern down. This will likewise move force to the drawback.
      The minor range is 1.1696 to 1.1916. Its half level at 1.1806 is possible obstruction.
      The momentary range is 1.1371 to 1.1916. Its retracement zone at 1.1644 to 1.1579 is the principal drawback target zone. Since the fundamental pattern is up, buyers are probably going to come in on a trial of this region.
      The primary range is 1.1185 to 1.1916. Its retracement zone support level is 1.1550 to 1.1464. The mix of the present moment and primary reaches makes a help group at the level 1.1579 to 1.1550.

      GBP/USD 10 Immediate Go Downside above 1.3000 and Restricts 10-day EMA


      GBP/USD battles to cart the earlier day's skip away 10-day EMA. The Cable takes rounds to 1.3070 in the midst of the pre-Tokyo open Asian meeting on Tuesday.
      While overbought RSI conditions could be spotted for the pair's failure to rise, 10-day EMA and a rising pattern line from April 14, individually close to 1.3035 and 1.3000, offer solid drawback backing to challenge the dealers.
      It should be that as it may be noticed that the buyers are probably going to stay careful except if effectively breaking 1.3200 headings including March month high. However, transient recuperations to 1.3115 and 1.3185 can't be precluded.
      On the other hand, the pair' decreases below 1.3000 will empower the bears to focus on June month's high close to the level at 1.2815 with 1.2900 going about as middle of the road stop during the south-run.
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      • #48 Collapse

        Re: Bullseye Markets News

        GBP/USD Touches the Support Line towards 1.3100 and Bounces Off

        The GBP/USD traded at the intraday high and rising at the level 1.3077 on 0.11% during the Early Tuesday Trading.

        The cable pair dropped to the one-week low level on Monday to the descending trend line to triggered pullbacks that supporting the recovery of the RSI conditions

        Therefore, a decreasing pattern line from Friday, at 1.3106 currently, is choosing up the market consideration in front of a 100-hour EMA level close to 1.3125.

        If the trader expected that the pair will be traded up at the level 1.3125, the earlier day's top close to 1.3150 will be the key as it holds the door for the pair's run-up towards Friday's top around 1.3255 and the month to month top containing 1.3270.

        It deserves referencing that March month's high near 1.3200 can go about as a reasonable end somewhere in the range of the level at 1.3150 and 1.3255.

        Despite what might be expected, a drawback break below the level 1.3050 will attack the level reached at the level of 1.3000 peaks. However, the month to a month low of 1.2981 can challenge the traders a while later.
        EUR/USD Gravestone Doji Seems Bearish Outlook Reinforces On Monday

        The EUR/USD pair seemed on the bid and traded high at the level 1.1850 before closing the day on the flat at the level 1.1787.

        The pair framed a "Gravestone Doji" candle, increasing the bearish standpoint introduced by Friday's huge red amazing light and the negative uniqueness of the 14-day relative quality file confirmed a week ago.

        The 5-and 10-day straightforward moving midpoints (SMAs) have delivered a bearish hybrid and the day by day graph MACD histogram is printing further bars beneath the zero line an indication of strengthening the bearish force.

        In that capacity, the pair dangers tumbling to the day by day graph sideways channel support, as of now at 1.1732. At press time, the pair is sidelined close at the level 1.1792. A nearby bove 1.0850 would negate the Gravestone Doji candle.

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        • #49 Collapse

          Re: Bullseye Markets News

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          • #50 Collapse

            Re: Bullseye Markets News

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            • #51 Collapse

              Re: Bullseye Markets News

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              • #52 Collapse

                Re: Bullseye Markets News

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                • #53 Collapse

                  Re: Bullseye Markets News

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