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FxNews.me — Technical Analysis

Ripple (XRP) Eyes $1.5 Despite Overbought Signals

Ripple (XRP) is overpriced short term. Expect a dip to $1.3 support, offering a prime buying opportunity for a potential rise to $2.

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GBPJPY Dips as Ueda Hints at Rising Interest Rates

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GBP/JPY may dip to the October 10 low of 193.6 if it breaks below current support, with resistance holding strong at 196.7.

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USDJPY Poises Bearish as BoJ Signals Potential Rate Hikes

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USD/JPY falls below the 100-period SMA, signaling a potential new bearish wave. Resistance is at 155.0, with targets at Fibonacci levels 153.1 and 152.44.

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Mexico's GDP Surges But USDMXN Rises!

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USD/MXN remains bullish, supported at 20.4 and above the 50-period SMA. Indicators like the Awesome Oscillator and RSI suggest the uptrend is set to continue.

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Oil Prices Fall from $71.5 on Potential Lebanon-Israel Deal

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Crude oil became oversold, as hinted by Stochastic Oscillator. Immediate support is at $68.3. The market could consolidate near before the downtrend resumes.

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US Gasoline Futures Hit Two-Week High at $2

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Gasoline prices hover near $2, facing potential decline. Technical indicators suggest a dip to $1.94 as selling pressure builds.

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US Gasoline Futures Hit Two-Week High at $2

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Gasoline prices hover near $2, facing potential decline. Technical indicators suggest a dip to $1.94 as selling pressure builds.

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Gold Prices Declined Amid Ceasefire Talks

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Gold is oversold, testing 38.2% Fibonacci. If $2,600 holds, the 50% Fibo could be the next target.

A dip below $2,600 triggers the downtrend.

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Bitcoin Nears Key $91000 Support Level

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Bitcoin may target a return to $100,000 if it maintains support at $91,400.

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Ethereum Holds Strong Eyeing $3550

Ethereum's bullish trend remains intact, eyeing a rise to the November high of $3550, with immediate support at $3270.

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Ripple Must Break Descending Trendline for Bullish Surge

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XRP/USD could revisit the November high at $1.67 if it successfully breaks through the key resistance at $1.45, signaling a potential uptrend continuation.

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EUR/USD Nears $1.053: Prime Levels for Bearish Entries

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EUR/USD may drop to the November low of $1.033 if it falls below $1.045. Watch this critical threshold for potential new market lows.

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GBPUSD Hits Key Resistance as Sellers Flood the Market

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The GBP/USD trend remains bearish, below $1.273. However, if prices exceed $1.260, the current bullish momentum could extend to the 1.373 mark.

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GBPJPY Drops as Sellers Dismiss Oversold Warnings

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GBP/JPY remains bearish below the critical 195.4 resistance level, targeting the 61.8% Fibonacci mark at 190.0 as long as prices stay under this threshold.

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USDCHF Eyes New Lows if 0.880 Support Fails

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  • The USDCHF downtrend could extend to 0.877 if prices fall below 0.880 support.
  • A close above 0.884 invalidates the bear market, resulting in the uptrend to target 0.890.

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Watch Crude Oil as Bears Eye $68.3 Breakdown

Crude Oil could see further declines if it closes below $68.3, with potential bearish targets at $67.6 and $66.8 as the downtrend resumes.

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EURUSD Risks Downtrend if Breaks Below $1.053

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EUR/USD holds above the ascending trendline amid overbought signals. A dip below $1.053 will likely trigger the downtrend, targeting $1.43. Conversely, a close above $1.06 could push EUR/USD toward the 38.2% Fibonacci level at 1.066.

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EURJPY Targets 157.6 As Euro Weakens

The outlook of the EUR/JPY trend remains bearish as long as the prices are below the 50-period simple moving average or under the descending trendline.

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Bearish GBPJPY Faces Bearish Gap at 191.9 Level

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GBP/JPY forms a bearish fair value gap at 191.9 on the 4-hour chart. Avoid selling in a saturated market and wait for consolidation near upper resistance levels.

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