Monday, May 20, 2019
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Technical Analysis – USD/CAD neutral in the short-term.

USD/CAD neutral in the short-term, within a symmetrical triangle. USD/CAD has been range-bound for another week within the 1.3520-1.3375 area, while candles keep closing above the lower line of the symmetrical triangle. The sideways move in the RSI and the flattening Ichimoku indicators (Tenkan-Sen, Kijun-Sen) signal that the pair may extend its neutral performance in

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Technical Analysis – EUR/JPY gains expected to reach downtrend line

EUR/JPY reversed higher after it tumbled towards a fresh four-month low of 122.07 this week. The technical picture supports that the slightly bullish correction is likely to continue in the short-term. The MACD is stretching to the upside above its trigger line and the stochastic oscillator is approaching the overbought zone in the 4-hour chart. Another

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Technical Analysis – USD/JPY to consolidate losses in the short term

USD/JPY paused its sell-off around the 109 round level earlier this week as the RSI signaled that bearish pressures were exhausted. The indicator is currently moving sideways along its 30 oversold level, hinting that a consolidation phase may follow before the price potentially rebounds. Sellers could wait for the price to rise well above the 109.70-110 area and hence

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