Technical Analysis

USD/JPY Bullish Trend Line Cross Targets Higher Levels


Source: Admiral Markets MT5 with MT5SE Add-on

The USD/JPY has broken through a trend line boosted by rising 10 year US yields. The US 10-year yields were up and we can see the USD/JPY going up too. Leaned bullish W pattern and X cross of two trend lines are technically...


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EUR/GBP U-Shaped Bottom Hints Potential Bullish Continuation


Source: Admiral Markets MT5 with MT5SE Add-on

The EUR/GBP has broken through the descending trendline and we can see a potential for bullish continuation. Another cue is the U-shaped bottom that has been formed exactly at W L3 support. 0.8688-98 is the POC zone for potential bounces. Targets are 0.8739...


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Gold Trend Line Break Expected on a Positive Momentum


Source: Admiral Markets MT5 with MT5SE Add-on

Gold is rejecting POC zone, and soon we might see a trend line break (blue dotted line) that could be a sign of a trend continuation. 1335-40 is the POC zone, and the trend line break is expected if the price closes above...


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DAX30 Ascending Trend Line at Fibonacci 50.0 Retracement


Source: Admiral Markets MT5 with MT5SE Add-on

US retail sales overnight exceeded expectations, and in particular car sales were higher in the US, which is good news for Dax30 car exporters. European Equities have been a little bit under pressure as the EUR continues to gain strength, making their exports...


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NZD/USD Progressive Zig-Zag Uptrend


Source: Admiral Markets MT5 with MT5SE Add-on

The NZD/USD has been in a steady uptrend with a progressive zig-zag pattern. At this point the price is within the POC zone 0.7337-0.7348 and we could see a spike towards 0.7386 with a potential for 0.7420. However if the price breaks below...


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