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Dollar-yuan overbought at top of channel

AGAINST the backdrop of 2019, the market movement for dollar-yuan

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Bullish outlook for AUD/USD amid uptrend indicators

AUD/USD reached a peak of 1.10797 on July 2011, and has been on a consistent downtrend ever since. But several encounters with the psychological round number of 0.6700 were met with bearish rejections towards the second-half of 2019. Following the last price rejection in October last year at the...

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Kiwi encounters possible inflection point

THE New Zealand dollar (NZD) has been depreciating against the US dollar since mid-2017 until September this year where it coincided with a previous low identified on May 2015. Subsequently, prices have rebounded off the floor and are currently resting on a strong resistance level. Various...

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Gold poised to move higher under cloud of geopolitical uncertainty

AMID turmoil in the geopolitical climate, gold took centre stage as a safe-haven currency, having an extremely bullish run for most part of the year, reaching a high above the price point of 1,550. It peaked out at the start of September and started trending downwards mildly with lower highs and...

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USDCAD - poised to resume uptrend

USDCAD pivoted off the highs of 1.3661 at the beginning of the year, and has been consistently moving sideways for extended periods of time, on the backdrop of a macro uptrend since 2011. The second time prices took a turn lower was at the beginning of June when USDCAD was sitting at 1.3529...

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Gold sees further room for upward move

SINCE March 2014, gold has been resisting a move above the 1,400 price point, and has been consistently going sideways within a consolidating range.

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As GBP/USD hits bottom of wedge, reversion is likely

THE pound peaked in 2018, with prices reaching a high, well above entire 2017. Looking back to January 2018, the GBP/USD was standing at the 1.4354 level, which was shortly followed by a 4.4 per cent dip, and then proceeded to retest the high again three months later.

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USD/SGD: Bullish momentum seen

FROM The weekly timeframe perspective, the USD/SGD pair started tumbling from the Dec 2016 high all the way to the bottom of 1.3000 (Psychological Round Number) where it found support to prevent the pair from further decline.

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Factors aligned for gold's resurgence as price edges up

THE last convincing break for gold above the 1,350 level was back in August 2013. Since then, many feeble attempts made by the bulls to break beyond the key psychological level have been futile.

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AUDUSD bears to make way for bullish charge

EARLIER this year in January, the AUDUSD currency pair was hit by the flash crash and plunged to its lowest levels since the global financial crisis. However, within the day, prices snapped back to normal levels and ushered in a bullish momentum which pushed the AUDUSD to the 0.7279 levels...

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USDSGD to fall back within the range near term

THE USDSGD pair reached the peak of its previous range at the 1.3872 level in Oct 2018, at which point in time, prices were consolidated within a movement of 250 pips. Having sustained the range for a period of 7 months, prices broke the key support level and underwent a shift of range region....

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USDHKD is on the verge of an impending reversal to the downside

THE USDHKD pair had been caught in a range trap of about 100 pips since the end of March 2018, with prices bouncing back and forth the 7.8499 and 8.8400 levels, until late August where the key support was broken to signal a change in market conditions. In a single day, prices took a nosedive and...

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USDCHF to move lower in near term

THE USDCHF pair has been range-bound since 2011 and touched a peak of 1.0374 in December 2016. Buying momentum started to fade as prices tumbled off the top and shortly after, entered a phase of range-contraction.