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The EUR/AUD currency pair is currently showing signs of weakness after failing to break through the supply area. This rejection indicates that selling pressure remains dominant at that level, increasing the likelihood of a downward move. Adding to the bearish outlook is the potential formation of a new double top pattern, a classic signal of […]
The EUR/JPY currency pair is currently showing signs of further downside. The ongoing bearish momentum is expected to continue, supported by multiple technical signals. The continuation of this downward move is confirmed by the appearance of a bearish candlestick formation and a developing double top pattern, both of which are classic signs of a potential […]
The EUR/AUD currency pair is currently showing a bearish outlook. This potential downside movement is indicated by a shift in trend direction, from a prior uptrend to the beginning of a downward move. Additionally, the presence of a swing high pattern confirms weakening momentum on the buy side. The potential development of a double top […]
The GBP/JPY currency pair is currently showing signs of short-term weakness. This bearish outlook is supported by the formation of a double top chart pattern, a commonly observed signal for potential trend reversals to the downside. In addition, the appearance of a swing high formation suggests that the recent upward move may be losing momentum, […]
The AUD/JPY currency pair is currently showing signs of bullish continuation. This upward momentum is supported by a bullish candlestick confirmation and growing buying pressure, indicating that buyers are regaining control in the market. Additionally, the presence of a double bottom pattern and the formation of a swing low further strengthen the case for a […]
The EUR/JPY currency pair is currently showing signs of a potential decline. This bearish outlook is supported by the fact that price has reached a recent high and entered overbought territory, often indicating an upcoming correction or reversal. Additional confirmation comes from the presence of a swing low and a double top pattern, both of […]
The GBP/JPY currency pair is currently showing a bearish bias, with a strong potential for further downside. This bearish outlook is confirmed by the formation of a double top pattern—one of the most common technical signals for a trend reversal. Additionally, the shift in trendline direction from a previous uptrend to a downward movement strengthens […]
The EUR/AUD currency pair is currently showing signs of further downside movement. The prevailing trend remains bearish, as indicated by the downward-sloping trendline, with no significant signals of a reversal to the upside. This bearish outlook is further supported by the formation of a double top and a swing high, both of which are classic […]
The AUD/USD currency pair is currently showing bearish signals supported by several key technical factors. There are three primary reasons for a sell position under current market conditions: *DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the […]
The GBP/JPY currency pair is currently expected to continue its downward trend. This bearish outlook is largely driven by a strengthening Japanese Yen, which is gaining momentum as global economic uncertainty prompts investors to seek safer assets. From a technical perspective, the presence of a swing high and a double top pattern further reinforces the […]
