Asia FX weakens; Aussie heads for strong Feb, yen nurses losses

Asia FX weakens; Aussie heads for strong Feb, yen nurses losses
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Asia FX weakens; Aussie heads for strong Feb, yen nurses losses
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This pound pair made a pretty strong bounce off a solid long-term support zone and could now be setting its sights on the next bullish targets. Just how high can it go from here? Check out these nearby inflection points! GBP/CAD 4-hour Forex Chart by TradingView Sterling didn’t exactly start this year off on the…
USD/JPY’s rebound from 141.67 extended higher last week but failed to break through 38.2% retracement of 161.94 to 141.67 at 149.41 and retreated. Initial bias remains neutral this week first. On the downside, break of 146.06 minor support will suggest rejection by 149.91, and turn intraday bias back to the downside for retesting 141.67 low….
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2025.10.01 2025.10.01 What Is Simple Moving Average (SMA) and How to Use It in Stock Trading Alan Tsagaraevhttps://www.litefinance.org/blog/authors/alan-tsagaraev/ Although the stock price constantly changes and trading always involves uncertainty, technical analysis indicators help traders make better-informed decisions. One of the most popular tools is the SMA (Simple Moving Average). Its signals are easy to read,…
The market had looked to the FOMC Minutes for clarity on the US dollar’s trajectory. However, the release provided little support, leaving the greenback struggling. Additionally, the US Dollar Index has fallen to a multi-month low, reaching levels not seen since 2023. This downward momentum has continued to weigh on USDCAD, pushing the pair into…
GBP/USD has broken below the rising price channel on the 4-hour chart, indicating that the uptrend from 1.2664 has likely ended at 1.3265. Current Outlook Downside Momentum: The pair is now trading below a falling trend line on the 4-hour chart. As long as this trend line resistance holds, the downward move from 1.3265 is…