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Author Topic: major currency pairs for forex
chals
Newbie
Posts: 1
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Post major currency pairs for forex
on: October 17, 2013, 11:18
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There are greatest contributors, offering their own experiences and perspectives on Forex trading. The place to go to discuss the four major currency pairs: EUR/USD, USD/JPY, USD/CHF, and GBP/USD

http://goo.gl/UeO9Id

GohChang
Beginner
Posts: 26
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Post Re: major currency pairs for forex
on: March 8, 2017, 06:36
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GBP/USD: The GBP/USD pair remains better bid so far this session, extending its recovery from seven-week lows reached yesterday at 1.2167.
AUD/USD: The bullish momentum in the AUD/USD appears to have run out of steam after China reported a surprise trade deficit for the month of February.
GBP/JPY: The bid tone around Japanese Yen gathered pace in Asia amid moderate risk-off action in equities, pushing the GBP/JPY cross back below 139.00 levels.
USD/JPY: A minor-recovery in USD/JPY lost legs near 113.85 region, as the yen regained strength following the release of awful China trade figures, which re-ignited risk-off trades across the financial markets. The Chinese data showed a trade deficit in February after having registered a bigger-than expected trade surplus in January.

Current exchange rate of pairs:
GBP/USD: 1.2203
AUD/USD: 0.7594
GBP/JPY: 138.76
USD/JPY: 113.74

Our Latest Recommendations:
GBP/USD: SELL
AUD/USD: SELL
GBP/JPY: SELL
USD/JPY: SELL

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GohChang
Beginner
Posts: 26
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Post Re: major currency pairs for forex
on: April 28, 2017, 07:21
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AUD/USD remains flat lined around 0.7470 following the Aussie PPI release.

The uptick in the annualised figures indicates CPI inflation may choose up tempo in advance, however, the AUD is in no mood to strengthen. Furthermore, the data released earlier this week showed a drop within the Australia headline cocumer price inflation in the first zone.

With treasury yields going nowhere, there may be little incentive for traders to boost the American greenback. However, things may change later if the US preliminary Q1 GDP betters estimates.

Technical Levels to watch:

A break below 0.7455 (Apr 26 low) would open up downside towards 0.7430 (Jan 12 low) and 0.70 (zero figure). On the other hand, a break above 0.75 (5-DMA) would expose hurdle at 0.7522 (10-DMA) and 0.7530 (100-DMA).

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