Category: key
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Bitcoin Price Rejects Key Resistance, Time For Another Drop In BTC?
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Bitcoin price started to rise steadily above the $62,500 resistance level. BTC is once again struggling to clear the $64,500 and $65,000 resistance levels. Bitcoin is showing positive signs and is facing hurdles near $64,500. The price is trading above $62,500 and the 100 hourly simple moving average. There is…
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Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY support
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Japanese Finance Minister Suzuki speaks over the wire saying: Forex levels should reflect economic fundamentals If currency movements are excessive, we may need to smooth them It is desirable for the foreign exchange market to move steadily, noting that currency market fluctuations are undesirable Rapid currency movements are undesirable because…
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Yen surges on suspected intervention, 160 seen as key level By Reuters
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Written by Kevin Buckland, Tetsushi Kajimoto, and Gertrude Chavez-Dreyfus TOKYO/NEW YORK (Reuters) – The yen rose against the dollar in the early hours of Asia on Thursday in what traders suspected was another round of intervention by Japanese authorities to halt a sharp decline in the currency, with the 160-point…
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AUDUSD runs higher after US jobs report but stalls at a key ceiling.What next technically?
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AUDUSD rose sharply after the US jobs report. The price rise pushed the pair above the 100-day moving average at 0.6580, a 50% move down from the December high of 0.66159 and up to the ceiling of the key swing zone between 0.6335 and 0.6345. Sellers built on this ceiling…
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EURUSD falls below key moving averages and sees increased selling pressure.
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EURUSD breaks lower and moves away from the 100/200 hourly moving averages Admittedly, EURUSD is trading near the middle of the range between 1.0550 and 1.0743. The range has been in effect for the last 6 trading days or so. When the market moves up and down, moving averages move…