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Ethereum Technical Analysis – 19-July-2024

FxNews—Since July 16, the Ethereum price has traded sideways between the immediate support level of $3,390 and the immediate resistance level of $3,528. As of writing, the ETH/USD pair trades at about $3,450, bouncing from the %50 Fibonacci level and the ascending trendline.

USDDKK Forecast – 25-July-2024

FxNews—The American currency is erasing recent losses against the Danish Krone. As of writing, the USD/DKK pair is trying to stabilize above the 100-period simple moving average in the 4-hour chart, trading at about 6.87.

USHKD Forecast – 25-July-2024

FxNews—The American dollar bounced robustly from its July 25 low, which aligns with its July 16 low at approximately 7.80, against the Hong Kong Dollar. The USD/HKD trades at about 7.810, heading toward its July 19 high of 7.811.

USDNOK Forecast – 30-July-2024

FxNews—The U.S. Dollar’s robust uptrend eased after the price filled the ‘Fair Value Gap” at approximately 11.13 against the Norwegian Krone. As of writing, the USD/NOK currency pair trades at about 10.98, testing the 50-period simple moving average as support in the 4-hour chart.

USDPLN Forecast – 30-July-2024

FxNews—The greenback trades in a bull market against the Polish Zloty after the price broke above the descending trendline, depicted in the 4-hour chart below. The uptick momentum eased near the May 30, 2023, high at approximately 3.97.

NZDUSD Technical Analysis – 5-August-2024

FxNews—The New Zealand Dollar bounced from its July 29 low of approximately $0.585 against the U.S. Dollar. As of writing, the NZD/USD pair is testing the August 2 low at $0.593 as resistance and filling today’s ‘fair value gap.’

USDDKK Forecast – 12-August-2024

FxNews—The American currency rebounded from the August 5 low at 6.77 against the Danish Krone and tested the July 16 high at 6.86 as resistance. As of writing, the USD/DKK currency pair trades bearishly at about 6.83.

USDHKD Forecast – 14-August-2024

FxNews—The American currency is experiencing a downtrend against the Hong Kong dollar. Interestingly, the Gartley pattern predicted this robust bear market. In addition to the Gartley pattern, the MACD indicator signaled divergence, which resulted in the price breaking below the July 25 low at 7.803.

USDPLN Forecast – 15-August-2024

FxNews—The U.S. Dollar downtrend resumed, trading at about 3.881 against the Polish Zloty. This mark is the lowest price in 2024, aligning with the 2023 all-time low. The USD/PLN weekly chart below depicts the price and the 2023 all-time low, the key resistance to the bear market.

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EURUSD Technical Analysis – 22-August-2024

FxNews—The European currency has been in an uptrend against the U.S. Dollar since June 9 from the $1.066 mark. The robust buying pressure exceeded yesterday’s trading session’s December 12, 2023 high, 1.113. As of writing, the EUR/USD currency pair trades slightly below 1.113, testing the December 2023 all-time high.

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GBPUSD Technical Analysis – 22-August-2024

FxNews—The British pound’s uptrend has reached its 2023 all-time peak at 1.314 against the American dollar. As of writing, the GBP/USD currency pair trades slightly below the 2023 high at approximately 1.309.

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NZDUSD Technical Analysis – 22-August-2024

The New Zealand dollar struggles to stabilize above the July 8 high of $0.615 against the U.S. Dollar. The NZD/USD 4-hour chart below demonstrates the price, key support and resistance levels, and the technical indicators utilized in today’s analysis.

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USDJPY Technical Analysis – 26-August-2024

FxNews—The U.S. Dollar turned bearish against the Japanese Yen after the price tested the %38.2 Fibonacci resistance level on August 15. As of writing, the USD/JPY currency pair trades bearish at about 143.7, below the 23.6 Fibonacci.

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USDCHF Technical Analysis – 30-August-2024

FxNews—The U.S. Dollar has been in a bear market against the Swiss Franc since the May 1 high at 0.922. The bear market and the selling pressure eased this week after the USD/CHF exchange rate dipped to 0.843, the August 4 low.

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USDCAD Technical Analysis – 30-August-2024

FxNews—The U.S. Dollar dipped to 1.343 this week against the Canadian dollar, a level supported by the robust ascending trendline shown in the weekly chart below.

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USDSGD Forecast – 5-August-2024

FxNews—The U.S. dollar trades are bearish against the Singapore dollar at about 1.302 in today’s trading session. The USD/SGD currency pair tested the 1.310 resistance on September 3 but failed to surpass it, which is in conjunction with the 100-period simple moving average.

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USDHKD Forecast – 5-Septemeber-2024

FxNews—The American currency consolidated against the Hong Kong dollar, closing the apex of the symmetrical triangle pattern in the daily chart. As of the time of writing, the USD/HKD currency pairs trade at approximately 7.79, below the 50 and 100-period simple moving averages in the daily chart.

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USDMXN Forecast – 5-September-2024

FxNews—The U.S. Dollar has been in a robust uptrend against the Mexican Peso since the August 19 low of 18.5. This week, the USD/MXN pair made it to the August 29 high at 19.98, and it is currently testing this mark as resistance.

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USDPLN Forecast – 5-September-2024

FxNews—The USD/PLN currency broke below the July 15 low (3.884) in the resumption of the downtrend, but the selling pressure eased when the pair hit the August 26 low at 3.805. As a result, the price bounced, and the broken resistance (3.884) was successfully tested on September 2.

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USDSEK Forecast – 5-September-2024

FxNews—The U.S. Dollar trades in a bear market against the Swedish Krona at approximately 10.24. Yesterday, the pair tested the June 2024 low (10.34), and as a result, the downtrend resumed.

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