Next correction move for EURUSD is between 1.19500 to 1.19900 level for market to find a resistant. On GBPUSD, the next key level for the market to test is the 1.40000. On AUDUSD, a slight more drop is expected to test 0.74500 level before rising to find resistant at 0.75600 level. On NZDUSD, 0.70000 level will be the next level for the market to test. On USDCHF, a correction move is expected for price to test between the 0.91000 and 0.90500 level. On USDCAD, the next possible support level will be around 1.23600 to 1.23400 level. On USDJPY, expecting a breakout of 109.900 level and test the 109.300 level. Finally on GOLD, expecting a bounce from 1755 level to test the 1800 level, if breaks the next possible level to test will be 1830 level.
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Forex Technical Analysis is a very common method used by investors to analyze the financial markets. The main benefit of learning market analysis is to identify the relationships between price/volume and market indicators such as the moving average.
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