Forex Signals for 04th December 2020
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Buy GBPUSD at 1.3467
Take Profit at 1.3520
Stop loss at 1.3400
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Buy GBPJPY at 139.85
Take profit at 140.20
Stop loss at 139.30
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Buy EurUsd at 1.2156
Take Profit at 1.2210
Stop loss at 1.2100
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Buy Xauusd at 1843
Take Profit at 1853
Stop loss at 1830
You can also place a buy limit at 1834
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- GBP/USD marches firmly towards the confluence of the 20/50-DMAs around 1.21.The GBP/USD snaps three days of losses and approaches the 1.2100 figure as the greenback begins to weaken in the middle of the North American session, courtesy of resurfacing recession fears with US data showing signs of an economic slowdown. The GBP/USD is trading at 1.2081, after hitting a daily low at 1.2007 during theContinue reading “GBP/USD marches firmly towards the confluence of the 20/50-DMAs around 1.21.”
- EUR/USD Price Analysis: Decent contention lies near 1.0100.EUR/USD drops further and revisits the 1.0120 area.Extra losses should meet solid support around 1.0100.EUR/USD challenges the August lows in the vicinity of 1.0120 on turnaround Tuesday. While further correction appears likely in the short-term horizon, the lower end of the recent range in the 1.0100 zone should offer decent support prior to a potentialContinue reading “EUR/USD Price Analysis: Decent contention lies near 1.0100.”
- GBPUSD stuggles to gather recovery momentum, trades below 1.2100.GBP/USD stays under constant bearish pressure on Monday.The greenback preserves its strength despite disappointing data. GBP/USD started the week under bearish pressure and dropped to a weekly low of 1.2051 in the European session. Although the pair staged a rebound toward 1.2100, it failed to reclaim that level. As of writing, the pair was downContinue reading “GBPUSD stuggles to gather recovery momentum, trades below 1.2100.”
- EUR/USD extends sell-off below 1.0200 as USD bulls refuse to give up.EUR/USD is under heavy selling as the US dollar keeps rallying amid risk-aversion. Recession fears amid deepening Germany’s energy crisis add to EUR’s misery.The sell-off in the Treasury yields fail to lend support to the major. EUR/USD is falling like a house of cards, having surrendered the 1.0200 mark amid intense buying pressure seen aroundContinue reading “EUR/USD extends sell-off below 1.0200 as USD bulls refuse to give up.”
- EUR/USD Price Analysis: Extra gains need to clear 1.0370/80.EUR/USD corrects lower and tumbles to 1.0270.Further upside is expected beyond 1.0370/80.EUR/USD comes under pressure and breaks below 1.0300 after four daily gains in a row on Friday. Despite the knee-jerk, the continuation of the uptrend looks favoured in the very short term. That said, the pair needs to clear the August high at 1.0368Continue reading “EUR/USD Price Analysis: Extra gains need to clear 1.0370/80.”
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