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NZD/USD features a double top, and with favorable conditions

NZD/USD is a currency pair overlooked by technical and fundamental traders alike, but it certainly features interesting patterns, including technical ones. There is a reason why it appears on the list of most predictable currency pairs. 0.7050 was first approached in mid April: the pair advanced gradually to this line and then began a slow retreat. […]

The post NZD/USD features a double top, and with favorable conditions appeared first on Forex Crunch.

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Marubozu candlestick in Technical Analysis

The Marubozu candlestick – Explanation You are probably familiar with Japanese candles and their role in technical analysis. If not, the first thing you need to know is that Japanese candles are commonly used by Forex traders and help them in recognizing price trends and finding good trading opportunities. Today I would like to introduce […]

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ADP Non-Farm Payrolls beat with 205K – USD cannot recover

Better than expected job gains in the private sector: ADP showed 205K jobs gained in January and an upwards revision for December: 267K against 257K originally reported. Update: EUR/USD breaks above downtrend resistance The US dollar is recovering some of the losses with EUR/USD slipping to 1.0930, GBP/USD at 1.4514, USD/JPY above 119.40, AUD/USD at 0.7055, USD/CAD […]

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ADP Non-Farm Payrolls beat with 205K – USD cannot recover

Better than expected job gains in the private sector: ADP showed 205K jobs gained in January and an upwards revision for December: 267K against 257K originally reported. Update: EUR/USD breaks above downtrend resistance The US dollar is recovering some of the losses with EUR/USD slipping to 1.0930, GBP/USD at 1.4514, USD/JPY above 119.40, AUD/USD at 0.7055, USD/CAD […]

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