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US Dollar Outlook: DXY Index Recoils Higher – Where to Next?

Posted by By 04/05/2021Posted inForex
The US Dollar snapped back higher on Tuesday to reverse prior session losses. Can the DXY Index overcome nearside technical resistance or will US Dollar bears throttle the Greenback lower?
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Japanese Yen Forecast: USD/JPY Feast or Famine? Bulls Eye Resistance

Posted by By 04/05/2021Posted inForex
USD/JPY ripped back into Fibonacci resistance with the May opening-range taking shape just below. These are the levels that matter on the weekly technical chart.
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Nasdaq 100 Nosedives as Dow Jones Holds Firm, is the Rotation Trade Back?

Posted by By 04/05/2021Posted inForex
Technology stocks and the Nasdaq 100 nosedived Tuesday as the Dow Jones and industrial-facing stocks inched higher. The disjointed price action reawakened discussion around a popular macro trade.
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Dogecoin Rockets 30% as Crypto Traders Flee Bitcoin, Ethereum

Posted by By 04/05/2021Posted inForex
Dogecoin (DOGE/USD) briefly pierced the $0.60 price level thanks to today's massive 30% gain that crippled Robinhood's platform. Ethereum is pulling back from its record and Bitcoin keeps lagging.
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NZD/USD Confined by March Range Ahead of New Zealand Employment Report

Posted by By 04/05/2021Posted inForex
New Zealand’s Employment report may keep NZD/USD confined within the March range as the fresh figures are anticipated to show a slowing recovery in the labor market.
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Australian Dollar Outlook: AUD/USD Plunges into Multi-Month Support

Posted by By 04/05/2021Posted inForex
Aussie testing the lower bounds of a multi-week range just above trend support- we’re on breakout watch. Here are the levels that matter on the AUD/USD technical charts.
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Germany 30 IG Client Sentiment: Our data shows traders are now net-long Germany 30 for the first time since Feb 26, 2021 when Germany 30 traded near 13,792.90.

Posted by By 04/05/2021Posted inForex
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Germany 30-bearish contrarian trading bias.
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USD/JPY Rate Recovery Removes Threat of Head-and-Shoulders Formation

Posted by By 04/05/2021Posted inForex
The recent recovery in USD/JPY removes the threat of a head-and-shoulders formation as the exchange rate breaks above the left shoulder.
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Monthly Forex Seasonality – May 2021: Sell in May and Go Away? Not for USD, Stocks

Posted by By 04/05/2021Posted inForex
“Sell in May and go away” is a popular financial euphemism. It also happens to have been complete nonsense in recent years.
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EUR/USD Price Forecast – The Argument for The Euro Bear

Posted by By 04/05/2021Posted inForex
In this second EUR/USD article, DailyFX Strategist Nicholas Cawley argues that EUR/USD weakness will continue in the near-term
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