The 100 and 200 hour MAs will be the barometer for the new trading week |
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#usdjpy #forex #technicalanalysis
In this video you will learn about the latest fundamental developments for the USDJPY pair. You will also find technical analysis across different timeframes for a better overall outlook on the market.
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Topics covered in the video:
0:00 Fundamental Outlook.
1:44 Technical Analysis with Optimal Entries.
3:10 Upcoming Catalysts
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#trading #daytrading #fundamentalanalysis
2024-10-10
Swing area support and 100 day MA comes in between 0.6685 – 0.6696. Resistance at a swing area starting at 0.67429
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The EURUSD rotates lower and toward key technical support. The GBPUSD bounces ahead of the 50% retracement again. The USDJPY also bounced off a key corrective support target. A special look at the NZDUSD after the RBNZ 50 bp rate cut.
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The AUDUSD fell below the 200 bar MA on the 4-hour chart snd the 50% of the move up from the September low at 0.67813.
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Experience the rollercoaster ride of NZDUSD as it plunges and skyrockets in a single day. What lies ahead?
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What key technical levels are in play going into the new trading week and why?
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