Monday, May 20, 2019
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Technical Analysis – EUR/USD tumbles within the descending channel

EUR/USD tumbles within the descending channel; 23-month lows in sight. Since its deep fall towards a two-week low in early May, EUR/USD slipped beneath the 20- and 40-simple moving averages (SMAs) in the daily timeframe, remaining in a descending channel of its drop from 1.1570. The technical picture supports that the 1.1260 resistance is likely to

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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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