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AUDUSD: Remains Weak And Vulnerable

AUDUSD: With AUDUSD continuing to face downside pressure as it followed through lower during Tuesday session, risk remains to the downside on more weakness. On the downside, support lies at the 0.7400 level. A cut through here will turn attention to the 0.7350 level and then the 0.7300 level where a violation will set

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GBPUSD: Continues To Face Downside Threats

GBPUSD: With GBP extending its weakness the past week, further downside pressure is likely. As at the time of this analysis, it was seen pressuring the downside suggesting more weakness. On the downside, support lies at the 1.5500 level where a break if seen will aim at the 1.5450 level. A break of here will turn atten

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GOLD: Looks To Trigger Recovery

GOLD: While the commodity may have closed higher the past week, a recovery higher could occur in the new week (see daily chart). As long as it trades and holds above the 1,162.63 & 1,156.98 levels, immediate risk remains higher. Support comes in at the 1,160.00 level where a break will aim at the 1,150.00 level. A

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EURUSD: Closes Higher With Caution

EURUSD: Though EUR closed higher the past week, it gave back most of those gains suggesting a move lower may occur in the new week. Resistance is seen at the 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will

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USDCHF: Loses Upside Momentum, Vulnerable

USDCHF: Having closed almost flat the past week following its two-day weakness, risk of further decline cannot be ruled out. On the downside, support comes in at the 0.9300 level. A turn below here will open the door for more weakness to occur towards the 0.9250 level and then the 0.9200 level. A cut through here will

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What Is Rollover In The Forex Market?

First of all, let’s define what “rollover” is, and as usual, we’ll use Investopedia.com to get started. Free Trading WorkshopRollover – Move a forex position to the following delivery date, in which case the rollover incurs a charge. The forex fee arises from the difference in interest rates between the two currencies

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EURJPY: Remains Vulnerable To The Downside

EURJPY- The cross continues to face downside pressure leaving risk of more weakness to occur. On the downside, support comes in at the 136.00 level where a break will aim at the 135.50 level. A turn below here will target the 135.00 level with a breach turning focus to the 134.50 level. On the upside, resistance lies a

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