Forex News

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The latest news that can have the most noticeable market impact

March 29, 2020
Gold Price Analysis: Holding onto support at $1,625 is critical to moving higher – Confluence Detector
Gold has closed the last full week of a turbulent March around $1,626. How is it positioned as further coronavirus news is set to rock markets in a new week?   The Technical Confluences Indicator is showing that significant support awaits at $1,625, which is the convergence of the Simple Moving Average 10-4h, the SMA 100-15m, the Bollinger…
March 27, 2020
US Dollar Index Price Analysis: DXY records its largest weekly decline since 1986
US dollar index (DXY) broke below the 99.00 figure and the 100/200 SMA on the four-hour chart.  The level to beat for bears is the 98.00 support.    DXY weekly chart chart   DXY had its worst weekly decline since April 1986 as the bearish pressure has been relentless throughout the week.    DXY daily…