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Daily Forex Analysis December 10, 2020

type stocks trading

What is Forex Analysis?

Forex analysis is the study of determining whether to buy, sell, or wait to trade a currency pair. Currencies traded in pairs, with exchange rates based on the price of one currency relative to another, for example USDEUR = USD Vs Euro

SUMMARY

EURUSD Analysis

The 1.2100 area (MA15 & 25) to 1.2118 (MA5 & 15) is a signal of strengthening, breaks and closes above the 1.2116 target area to the 1.2176 area, conversely the 1.2079 area signals a weakening of the euro, closing below 1.2049 target to the 1.2020 area. Buy levels : 1.2060-1.2085 Cutloss : 1.2020, Sell levels : 1.2140-1.2180 Cutloss : 1.2212

Strong Support : 1.2079
Strong Resistance : 1.2133

GBPUSD Analysis

Talks about Brexit between the European Union and the UK for now determines the movement of the Pound, the 1.3350 area (MA100) is a signal of weakening Pound, if it closes below 1.3318 (MA125) target the 1.3275 area, otherwise the 1.3416 area signals a strengthening of the Pound if it closes above that target area to the area of 1.3476. Buy levels : 1.3245-1.3290 Cutloss : 1.3212, Sell levels : 1.3377-1.3404 Cutloss : 1.3444

Strong Support : 1.3319
Strong Resistance : 1.3380

AUDUSD Analysis

Aussie continues to follow the ongoing ‘risk-on’ currency movement, the 0.7483 area signals a strengthening Aussie, breaks and closes above the 0.7500 target area to the 0.7530 area, otherwise the 0.7451 area signals a weakening Aussie closing below 0.7431 target to the 07400 area. Buy levels : 0.7384-0.7414 Cutloss : 0.7353, Sell levels : 0.7474-0.7505 Cutloss : 0.7540

Strong Support : 0.7441
Strong Resistance : 0.7483

USDJPY Analysis

The 104.41 area (50% fibo daily chart) signals a weakening of the Yen if it breaks and closes above the 104.53 area, the target to the 104.70 area, on the other hand, the break low of the 104.23 area (MA5 & 15) is a signal for further strengthening of the Yen if it closes below the 104.12 area target to the 103.96 area. Buy levels : 104.14-104.30 Cutloss : 103.80, Sell levels : 104.75-104.98 Cutloss : 105.25

Strong Support : 104.25
Strong Resistance : 104.60

USDCHF Analysis

The 0.8880 area is a signal for further strengthening of the Swiss Franc, if it breaks and closes below the 0.8866 area, the target is to the 0.8833 area, on the other hand the 0.8904 (MA25) area is a signal that the Swiss Franc weakens and closes above the 0.8915 area, the target is to the 0.8944 area. Buy levels : 0.8898-0.8919 Cutloss : 0.8866, Sell levels : 0.8966-0.8998 Cutloss : 0.9025

Strong Support : 0.8880
Strong Resistance : 0.8907

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The rate and other information rendered herein by education & analysis PT Soegee Futures has been obtained from sources we believe reliable, but we can’t represent that they are complete and accurate. We are not responsible to any offer to sell or solicitation of an offer to purchase base on the rate and information contained  

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