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XAUUSD Technical Analysis – 4-June-2024​

Gold has been trading sideways since May 24. The XAU/USD constantly tested the 50% Fibonacci retracement level at $2,363 at the top and the 78.6% Fibonacci at $2,314 at the bottom. As of writing, the yellow metal trades at about $2,320, below SMA 50 and SMA 100.

https://fxnews.me/xauusd-technical-analysis-4-june-2024/

 

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Ethereum Technical Analysis – 6-June-2024​

FxNews—Ethereum is stabilizing itself above SMA 50 and 100, and the Ichimoku cloud against the U.S. Dollar traded at about $3,840 in today’s trading session. This development in the ETH/USD price suggests that the uptrend will likely resume.

https://fxnews.me/ethereum-technical-analysis-6-june-2024/

 

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USDDKK Forecast – 7-June-2024​

FxNews—The American currency traded at about 6.84 against the Danish Krone in today’s trading session. As depicted in the USD/DKK daily chart below, the pair ranges inside the bearish flag, which indicates the primary trend is bearish.

Interestingly, the awesome oscillator in the daily chart signals divergence, which can be interpreted as the market stepping into a consolidation phase or the trend may reverse. The RSI and the stochastic oscillator in the daily chart suggest bearish momentum. The image below shows the bearish flag, Fibonacci levels, and technical indicators in the USD/DKK daily chart.

https://fxnews.me/usddkk-forecast-7-june-2024/

 

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USDMXN Forecast – 10-June-2024​

FxNews—The American currency, the Dollar, closed above the weekly simple moving average of 100 against the Mexican peso on Friday. That is near the 18.25 critical resistance level that has paused the strong bullish trend. This development in the USD/MXN price has driven the price above the Bollinger band, a sign of an overbought market.​

 

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AUDUSD Technical Analysis – June-17-2024​

FxNews—The Aussi dollar trades sideways between May’s high at $0.671 and June’s low at $0.658 against the U.S. dollar. As of writing, the AUD/USD currency pair trades at $0.66, testing the daily simple moving average of 50.​

 

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USDHKD Forecast – 24-June-2024

FxNews—The USD/HKD chart below shows the U.S. dollar is in a downtrend against the Hong Kong dollar, as the currency pair trades below the 50-period simple moving average.​

 

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Crude Oil Technical Analysis – 25-June-2024

FxNews—The Oil market is in a robust uptrend, trading at approximately $81.4 per barrel. The bullish wave that began on June 4 eased in today’s trading session after the Crude Oil price reached the 61.8% Fibonacci retracement level at $81.9. This robust uptrend caused the stochastic oscillator to step into overbought territory and remain there since June 19.​

 

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ETHUSD Technical Analysis – 27-June-2024

FxNews—Ethereum has been in a bear market from the $3,975 mark against the U.S. dollar since April 27. As of writing, the crypto pair trades at about $3,450, testing the weekly pivot point. The ETH/USD 4-hour chart below demonstrates that the instrument in discussion is in a bearish flag, testing the pivot point.​

 

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Ripple Technical Analysis – 1-July-2024

FxNews—Ripple trades sideways in a narrow range area but mildly bullish between the July 24 low at $0.459 and the July 28 high at 0.498. As of writing, the XRP/USD cryptocurrency pair trades at approximately $0.479, testing the immediate support, July 28 high.​

 

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USDJPY Technical Analysis – 8-July-2024

The U.S. Dollar dipped against the Japanese Yen to 160.2 last week amid concerns about BOJ intervention to increase interest rates. As of this writing, the USD/JPY currency pair trades at about 160.8, testing the 50-period simple moving average as immediate resistance.​

 

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USDCHF Technical Analysis – 10-June-2024

FxNews—The American dollar is in an uptrend against the Swiss Franc, trading at about 0.897, slightly above the ascending trendline, and the 38.2% Fibonacci at 0.896.​

 

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USDSGD Forecast – 12-July-2024

FxNews—The U.S. Dollar dipped to the May 16 low at about 1.341 against the Singapore dollar this week. As of writing, the USD/SGD currency pair trades at approximately 1.342, slightly above the May 16 low, which is the key support that holds the price to dip further.​

 

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XAUUSD Technical Analysis – 18-July-2024

FxNews—Gold is in an uptrend, trading above the 25- and 50-simple moving averages. As of writing, the XAU/USD pair trades at approximately $2,460, slightly above the 25-period simple moving average, a level backed by the 23.6% Fibonacci and the ascending trendline.​

 

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Ethereum Technical Analysis – 19-July-2024

FxNews—Since July 16, the Ethereum price has traded sideways between the immediate support level of $3,390 and the immediate resistance level of $3,528. As of writing, the ETH/USD pair trades at about $3,450, bouncing from the %50 Fibonacci level and the ascending trendline.​

 

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USDDKK Forecast – 25-July-2024

FxNews—The American currency is erasing recent losses against the Danish Krone. As of writing, the USD/DKK pair is trying to stabilize above the 100-period simple moving average in the 4-hour chart, trading at about 6.87.​

 

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USHKD Forecast – 25-July-2024

FxNews—The American dollar bounced robustly from its July 25 low, which aligns with its July 16 low at approximately 7.80, against the Hong Kong Dollar. The USD/HKD trades at about 7.810, heading toward its July 19 high of 7.811.​

 

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USDNOK Forecast – 30-July-2024

FxNews—The U.S. Dollar’s robust uptrend eased after the price filled the ‘Fair Value Gap” at approximately 11.13 against the Norwegian Krone. As of writing, the USD/NOK currency pair trades at about 10.98, testing the 50-period simple moving average as support in the 4-hour chart.​

 

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NZDUSD Technical Analysis – 5-August-2024

FxNews—The New Zealand Dollar bounced from its July 29 low of approximately $0.585 against the U.S. Dollar. As of writing, the NZD/USD pair is testing the August 2 low at $0.593 as resistance and filling today’s ‘fair value gap.’​

 

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USDDKK Forecast – 12-August-2024

FxNews—The American currency rebounded from the August 5 low at 6.77 against the Danish Krone and tested the July 16 high at 6.86 as resistance. As of writing, the USD/DKK currency pair trades bearishly at about 6.83.​

 

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USDHKD Forecast – 14-August-2024

FxNews—The American currency is experiencing a downtrend against the Hong Kong dollar. Interestingly, the Gartley pattern predicted this robust bear market. In addition to the Gartley pattern, the MACD indicator signaled divergence, which resulted in the price breaking below the July 25 low at 7.803.​