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Author Archives: Forex Crunch

Japanese ETF and Constantinople boost cryptos – levels

Cryptocurrencies are moving slightly higher after ticking lower. The prospects of a Bitcoin ETF in Japan and Ethereum awaits Constantinople. Here are the levels to watch according to the Confluence Detector, our proprietary tool. The first full week of 2019 ...

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EUR/USD faces critical support after losing ground

EUR/USD is correcting lower but holds onto most of its gains. Trade talks are going well, but clouds are darkening over Germany. The technical picture remains cautiously positive for the pair. EUR/USD is trading in the mid-1.1400s, down from the ...

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EUR/USD upside more appealing despite slide

EUR/USD is trading lower in the wake of Tuesday but its losses may reach their limits as a significant support line awaits. The Technical Confluences Indicator shows a considerable convergence of lines awaits at 1.1437 where we see the previous 4h-low, the Fibonacci 23.6% one-month, ...

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Can this EUR/USD continue? Not so fast

EUR/USD is edging higher within the range as a new week begins. Developments on US-Chinese talks and a top-tier US figure stand out. The technical picture is mixed for the pair. EUR/USD is moving up as the first full week ...

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GBP/USD path of least resistance is up, but will it take it?

GBP/USD kicks off a new week with modest increases and looks for a new direction as the Brexit vote looms. What’s next? The path of least resistance is to the upside. The Technical Confluences Indicator shows that cable has considerable support at 1.2703 where we ...

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