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In this section we present current forex market views including forecasts for all major currency pairs. The main analysis approach is technical analysis even though other principles will be used from time to time, anything to make the market analyses as accurate as possible.

Technical analysis is a way of predicting the future forex market movements based on previous market movement patterns and trends. From a Technical Analyst’s viewpoint all fundamental aspects are already a part of the previous market movements and therefor needs no special consideration. The main tool by witch to analyse the forex market is forex charts.

USDJPY: Bull tone

A strong rally Monday through the October recovery peak at 109.00, to reinforce last Wednesday’s rebound from just below our 108.27/23 support area (from 108.22)…

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GBPUSD: Rebound bias

Hi there traders, this is Steve Miley for forextraders.com and here we’re looking at the pound against the US dollar. The cable spot FX rate…

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