Currency Market Technical Analysis - Forex Analytics | IFCM

Currency Market Technical Analysis - Forex Analytics

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Several factors can contribute to higher grain prices

On the daily timeframe, Grain_4: D1 moved from a downtrend to an uptrend.

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SNB may lower the rate

On a 4-hour timeframe, EURCHF: H4 is in a triangle, which must be broken up before opening a buy position.

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Declining consumer prices in Japan bullish for USDJPY

On 1-hour timeframe USDJPY: H1 has retraced above the 200-period moving average MA(200) which is rising itself.

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Better than forecast euro area data bullish for EU50

On the daily timeframe EU50: D1 has rebounded above the 50-day moving average MA(50) which has stopped falling.

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Recovering GfK index bullish for EURUSD

On 1-hour timeframe EURUSD: H1 is rising above the 200-period moving average MA(200) which is rising itself.

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Global risk mitigation may weaken the yen

On the daily timeframe, CADJPY: D1 is in a narrow, short-term, neutral trend.

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Recovering Ifo index bullish for EURUSD

On 1-hour timeframe EURUSD: H1 is has closed above the 200-period moving average MA(200) which has levelled off.

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Steeper than forecast decline in UK retail sales bearish for GBPUSD

On 1-hour timeframe GBPUSD: H1 is declining below the 200-period moving average MA(200) which is rising.

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Rising Chinese pork imports bullish for LHOG

On the 4-hour timeframe #C-LHOG: H4 has breached above the 200-period moving average MA(200), which has levelled off.

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Retrospective: UK may remain in the EU

Buy stop1,284
Take profit1,316 and 1,324
Return on Investment +2,8%
Overview date 2019-01-14
Date of the closing position2019-01-29 and 2019-03-01

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