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If we look at the 4-hour chart of the AUD/JPY cross currency pair, it appears that Buyers are starting to enter again, which is confirmed by the appearance of divergence between the AUD/JPY price movement against the MACD Histogram indicator (osMA-12,26,9) and its price movement moving above the WMA (30 Shift 2) so that as long as there is no significant weakening correction, especially if it breaks through and closes below the 95.92 level, then AUD/JPY today has the potential to appreciate up to the 98.44 level and if it successfully breaks through and closes above it, AUD/JPY will continue to strengthen to the 100.35 level if the strengthening momentum and volatility support it.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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If we look at the 4-hour chart of the GBP/CHF cross currency pair, there are several interesting facts. First, the appearance of a Triangle pattern followed by the movement
With the price movement of the AUD/CAD cross currency pair moving above the WMA (21) which has an upward slopes and the appearance of Convergence between the price movement
The eagle indicator has reached overbought levels. However, the metal could still reach the high around 8/8 Murray, which represents a strong barrier for gold. Below this area, we could
From what is seen on the 4-hour chart, the EUR/GBP cross currency pair appears to be moving above the EMA (100), which indicates that Buyers dominate the currency pair
With the appearance of Convergence between the price movement of the main currency pair USD/JPY with the Stochastic Oscillator indicator and the position of the EMA (100) which is above
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
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