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Dollar's Bearish Momentum Appears To Be Slowing

Published 10/25/2013, 03:28 AM
Updated 07/09/2023, 06:31 AM
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As usual, here are a few more observations from Yesterday's developments. The charts display the day's support and resistance from the daily report issued around 2am-3am GMT and last for the rest of the day.

Comments provide examples of integrating technical indicators and the implications. The dollar's bearish momentum appears to be slowing. Yesterday's price action was particularly static and lifeless. With the dollar's bullish divergences beginning to develop there could still be limited downside available to the Dollar at this point. Note the convergence of the Clouds across time frames.

These indicators and daily support and resistance are available free of charge on the fast and responsive WorldWideMarkets MT4 platform.

USD/JPY
<span class=USD/JPY Hour Chart" title="USD/JPY Hour Chart" width="1024" height="459">

EUR/USD
<span class=EUR/USD Hour Chart" title="EUR/USD Hour Chart" width="1024" height="459">

USD/CHF
<span class=USD/CHF Hour Chart" title="USD/CHF Hour Chart" width="1024" height="459">

GBP/USD
<span class=GBP/USD Hour Chart" title="GBP/USD Hour Chart" width="1024" height="459">

EUR/JPY
<span class=EUR/JPY Hour Chart" title="EUR/JPY Hour Chart" width="1024" height="459">

AUD/USD
<span class=AUD/USD Hour Chart" title="AUD/USD Hour Chart" width="1024" height="459">

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