Sunday, February 24, 2019
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Technical Analysis – Dollar reverses up in sideways channel

Dollar index reverses up in sideways channel; neutral in the medium term. The dollar index found strong resistance around the 97.20 level, driving the price lower. Currently, the price has been developing in a sideways channel over the past five months with upper boundary the 97.50 resistance and lower boundary the 94.60 support.

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EUR/JPY 20/02/19 | EconAlerts

Technical Analysis – EUR/JPY still in a positively sloped channel

EUR/JPY still in a positively sloped channel; bullish correction in progress. EUR/JPY is trading slightly below the 50% Fibonacci retracement level of the down leg from 133.10 to 118.57, around 125.85, surpassing the bullish crossover of the 20- and 40-simple moving averages in the 4-hour chart. The pair have been struggling in an upward sloping channel

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AUD/USD 20Feb19 | EconAlerts

Technical Analysis – AUD/USD gains positive traction

AUD/USD gains positive traction; lacks clear bullish signals. AUD/USD is extending last week’s rebound above the 0.71 level but with technical indicators showing little strength at the moment, it is still questionable whether the pair has the dynamics to fully recover February’s losses in the short term. The MACD is rising steadily above

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