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EUR/JPY: 132.000! This level has held strong for the past 18 days with multiple attempts to break through it. Price has been unable to sustain any downside pressure that has attempted to break this level of support. We saw an extreme and rapid rise from 132.000 with the daily candle increasing 100+ pips to the upside engulfing the prior area of consolidation. The Daily closure of the candle retested the previous closure highs at 133.100 and has gone on to retest the daily area of resistance at...read more at https://www.everythingfx.com/Forex-Technicals-Articles

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Monday mornings can only mean one thing, the market is in full swing! Check out our Today's Technicals on:
https://www.everythingfx.com/Forex-Todays-Technicals

EURUSD: A new week and alternative scenarios available. We will be watching for the market to settle its self after the weekend. We had a strong bearish closure on Friday suggesting that 1.18500 was a region of resistance still that we have to be aware of. 1.1700 is still acting as a strong area of support for the pair also. The weekly closure was a large spinning top candle representing indecision as price is accumulating for its next leg 
AUDUSD:- Price struggled to break above 0.78750 and rejected violently on Friday. We need to be aware 0.7800 is a minor area of support for the pair and may, in fact, cause difficulty in breaking. The pair may see some follow-through momentum from last week to the downside, however, could go and retest previous daily highs before doing so.

USD/CAD: On Friday we watched this pair skyrocket to 11-week highs as it now opens this week at 1.26170. For two weeks prior we had watched this pair consolidate back and forth around 1.25000, creating an overall slowdown in the market.
Fridays news we anticipated to be the catalyst to drive the price out of its range, however most were left stunned at the amount of disappointing figures leading CAD to crumble.

Read our full analysis by clicking the link below:
https://www.everythingfx.com/Forex-Todays-Technicals

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Canadian inflation and retail sales figures are the only real market driving news today in an otherwise relatively calm market. Suggestions are being made and anticipated that an end of year rate hike could be expected from the Bank Of Canada.

The potential delay till year end comes as no surprise...read more at: 
http://www.everythingfx.com/Canadian_Retail_Sales_and_CPI_worse_than_expected-1-EFX-Market-News

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The last trading day of the week. What a week we had, check out what we have to say about various currency pairs, click the link below:
https://www.everythingfx.com/Forex-Todays-Technicals

EURUSD: As suggested we did, in fact, see a bullish 90 pip candle to the upside. Price went and made highs at 1.18580 before having a steep decline overnight. Price actions across the board this week has been choppy. If the price could pull its self up from the current lows around 1.1800 it will be nothing more than a correction. If price continues to fall we may have to consider Mondays original predictions of 1.17000

USD/CAD
This has been an extremely frustrating pair, with price action trapped within a 100pip range for over a 2week period. However today we have two important fundamental announcements for the Canadian dollar.
CPI (Consumer Price Index)
Core Retail Sales
Will be released at 1.30BST, with recent figures showing great strength for CAD economy, this could be the push this pair needs to break its current range.

AUDJPY: Since breaking the C.T.L we have surged nicely to the upside. Thursday daily candle formed somewhat indecisively, however, we are expecting some continuation back to the daily level of resistance at 89.000

Read our full analysis here:
https://www.everythingfx.com/Forex-Todays-Technicals

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Since it's launch, Practice Pips has helped students in the tens of thousands with knowledge of the Forex market. The feedback we get from students phenomenal.

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UK retail sales Overview

The pound could really do with a surprise retail sales bounce to recover what has been a tough few days of trading. As it stands, however, analysts are expecting a drop from 1.0% in August to -0.1% in September, which would be the worst reading in 4 months.

A positive surprise in the retail sales report could offer fresh impetus to the GBP bulls, taking the rate back towards key levels of higher price points.  While a bigger-than-expected drop in the retail volumes would cause a knock-on...read more at:
http://www.everythingfx.com/GBP_Retails_sales_to_be_released_but_to_be_overshadowed_by_the_Brexit_Summit-18-EFX-Market-News

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Good morning, here is our market bias, the full analysis is available on our Today's Technicals page. Click the link below:
https://www.everythingfx.com/Forex-Todays-Technicals

USDJPY: moves played out perfectly from our analysis yesterday. As it consolidates around the 23.6% Fibonacci it could possibly make another push breaking 113.100. Things are looking up for UJ it maintains beyond 112.930. 
USDCHF: having found support at 0.97920 making a new high low area. Moving averages widens building up the buyers momentum. We’re looking for the area of 0.98320 to be broken as the weekly candle continues to build its bullish momentum. 
EURUSD:- Stops should have been moved to break even since Sunday/ Mondays entry points. Price has twice rejected 1.17500 with yesterdays candlestick reacting very bullish from this area. If the price was to reverse form this level and go to the upside we would be revisiting the previous highs and then going on to 1.19250. 
USD/CAD
Hits its 15th day within its consolidation period, this sideways movement in price keeps us close to the 1.25000 major key level. Yesterday we had a possible break to the upside, however by the end of the US session we had a peak at previous highs. At the 1.25900 level, we saw a sharp rejection and proceeded to fall back and eventually crossing once more to the downside of 1.25000. We now watch this price closely for extra confirmation before assuming this pairs next move.

AUDUSD:- We have now seen a nice double wick rejection of 0.78200. This zone has seen price dip into it, only to be rejected and cause daily indecision candlesticks. I do favour a bullish run on this pair after last weeks strong weekly closure. 0.79250 remains upside targets if we can rally from the current price. On a smaller timeframe, we could consider AudUsd to be creating a reversal pattern. 
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EUR/USD has been surprisingly stable this morning floating just under 1.18 with relatively no pressure to breach back through this zone. We cannot brush this aside, however, as ECB President Mario Draghi is scheduled to speak in Frankfurt at the ECB Conference. Investors are expecting Draghi to hint at the possibility of Eurozone stimulus being reduced in the
very near future. Should he hint on this further than trading back above this level could be expected by end of day.

There’s no real urge for this however, the political crisis in Catalonia dubbed the ‘Catalan Crisis’ has led Spain to cut its growth forecasts for 2018 as the economy is struggling with
the effects left behind from this. In a sense, this is reducing the tension off Draghi today and means what we could be expecting is less of a discussion towards monetary policy and in
fact, more coverage pointing towards shifts in the agenda for the Eurozone in general and the future implications of resolving what damage has been dealt with the crisis.

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Everythingfx has it's own economic calender where you can stay up to date with the most recent News Releases.

You can find this on our Market News tab, scroll to the bottom and you will see the previous, forecast and the actual figures for each release.

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Here is our Mid-Week FREE analysis which is available on Today's Technicals. Click the link below to read the full article:
https://www.everythingfx.com/Forex-Todays-Technicals

EURUSD: Since the start of the week we have fallen 85 pips to the downside at the lowest point of Tuesday's candlestick. We are nicely trickling down to target 1 at 1.1700. We have ECB President Draghi speaking today at 09:10 this morning. This may be the catalyst needed to build volatility and accelerate price movement. 
GBPAUD: Fantastic rejection of 1.6900 as suggested this pair dropped back to Daily support at 1.6800. Having spiked and rejection our Daily moving average we have once again closed extremely bearish. I would expect to this pair reach its weekly key level of Support. 
AUDUSD: Yesterday's candle came within 18pips of spiking the 0.7800 zone before pulling its self up heading in the later part of the US sessions. I now potentially see further upside momentum available for the Australian dollar. If the price was to accelerate from here, 0.79250 would be first initial upside target. 
USDJPY: Major refresh on my UJ analysis The resistance of 112.170 was broken allowing a major increase in buyers in the market, and a cross on the H4 moving averages. The market also rejected the 38.2% Fibonacci. So could we possibly see new highs above 112.465? That’s the big question. 
GBP/USD
Yesterday Bank Of England announced new inflation figures at 3%, this is the first time its hit this figure since April 2012.
Normally such a release would push strength and drive the currency into a bullish frenzy, however some of the other comments made yesterday by Mr Carney helped push GBP/USD lower. All of the comments gave an overall impression that BOE was not very optimistic about the British economy. We now currently trade at 1.31730, with average earning figures out in the next few hours. If this weakness continues, could we see ourselves trading back at 1.3000?

Read the full analysis here https://www.everythingfx.com/Forex-Todays-Technicals

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The GBP needs a lift, is the CPI date the catalyst? 
After reports on Monday hit that unless the European Union concedes on some key issues, Brexit talks could collapse. This has to lead the market responding to the indecision surrounding the swift if the possible exit of from the European Union. 
On Tuesday, the UK releases a host of inflation indicators, led by CPI. The markets are expecting inflation to hit 3.0% in September, up from 2.9% a month earlier.

If the results came in positive for the CPI data it would increase the opportunity of a rate hike in 2018 to help bring equilibrium to the instability surrounding the UK at the moment. Fears are mounting that a "no deal Brexit" could see Pound drop in value and seek parity with major global currencies. 
However, the likelihood of a BOE rate hike in 2018 would drop if the CPI prints below the August figure of 2.9%. In this case, We could see the GBP trade lower against its other counterparts. 
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Today's Technicals are now available for your viewing! We have some great setups for you. Here are just 3 of the 11 currency pairs we provide FREE analysis on. To see the other 8 currency pairs, please visit:
https://www.everythingfx.com/Forex-Todays-Technicals

EURUSD: Slow day yesterday with a 40 pip continuation decline. (Having formed a new L.H at the previous daily resistance level of 1.187250 and a reversal pattern, the pair could be getting ready to roll its self over to the downside and retest previous lows in the critical zone of 1.1700)

GBPJPY: An unexciting day across the majority of JPY pairs. With so much potential they failed to live up to expectation yesterday. We continue to stay patient and wait for a snap of price to begin our potential bearish leg. (A closure below 148.460 and the price may, in fact, start rolling over to the downside. Last week we experienced some speculative and manipulative price action however 147.500 region remains a downside target for this pair upon a break of the 4-hour Support zone)

NZDUSD: Moving averages are still maintaining the bullish movements as this pair finds resistance around 0.71962. In a range of consolidation at the 23.6% Fibonacci level, we see tons of rejection around 0.71630. Since the moving averages are maintaining on the H4 timeframe would see a slight retrace and a possible continuation of this main trend towards our target of -27% still. Opportunities can be developed above 0.71870. 
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