The Weekly Forex Technical Breakdown For The Days Between May 2 To May 6

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The EUR/USD Increases After The Federal Reserve Holds Interest Rates Fixed

The main topic of Thursday’s trading period was the monetary policy report from the Federal Reserve. The Federal Reserve provided no amazement, holding its policy fixed and granting no particular clues about its intentions for the future. The EUR/USD was actually elusive shortly after the incident but steadied rapidly and dragged mostly sideways later, still with an upward bent. Pending home purchases increased 1.4% in March from…

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The EUR/USD Moves on Poor Data Originating from USA

The EUR/USD turns out perfectly well today and has restored firmly following a series of macroeconomic data originating from the United States. Almost all indicators have let down the dollar crap, adding firmness to the euro intervention in contrast to the greenback. Durable goods orders increased only 0.8% in March according to the initial release…

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The USD/CAD in Declining Channel Since January 2016

An actual deep declining channel can now be noticed on the daily chart of the USD/CAD currency pair. It had begun creating right below the multi-year peak recorded on January 20. As an additional pattern, declining channel interfere an uptrend, which is to be extended resulting a vigorous breakout of the top border. The diagram…

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