Category Archives: Technical Analisys

GBPUSD pares some losses but still holds near 11-month low

GBPUSD had been in a falling mode over the previous three days as it posted a fresh 11-month low of 1.2919. The rally brought the pair below the 20- and 40-simple moving averages (SMAs) and near the lower Bollinger Band in the daily timeframe. However, the technical indicators are suggesting for a…

US dollar slips from recent highs as Aussie bounces on RBA

It is interesting to see that the US dollar has just lost some of its traction as the Chinese yuan has stabilised overnight, with the moves across forex majors showing a mild slip in the recent strength of the greenback. With Treasury yields stuck, the yuan has been a key gauge for dollar…

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