Thursday, November 14, 2019
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Technical Analysis – EUR/JPY’s climb consolidates

EUR/JPY’s climb consolidates but sustains its positive picture. EUR/JPY has adopted a sideways market after the ascent which commenced on October 3, with weakened directional momentum undecided. Nevertheless, buyers are attempting to revisit the fresh high of 121.46 after moving back above the 40-period simple moving average (SMA) within the sideways market. The

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Technical Analysis – GBP/USD could trade positive-to-neutral in the short-term

GBP/USD erased a small part of its gains that drove the price near the 1.3000 key resistance area but the 1.2800 level, which is currently viewed as nearby support, curbed the downside correction. The short-term bias is currently looking positive-to-neutral as the RSI is reversing back towards its 70 overbought level and

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Technical Analysis – WTI oil futures cautiously positive

WTI oil futures cautiously positive; pullback steers price below 200-SMA. WTI oil futures are leaning towards a positive short-term picture despite penetrating back below the 200-period simple moving average (SMA). The short-term oscillators are confirming a neutral-to-positive outlook unfolding, with the price now breaking back above the 200-period SMA. The RSI’s negative momentum

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