Signals and Analysis from the DailyForex Trading Room - August 27, 2020

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Latest Market Analysis USD/TRY: Can Rise in Bearish Momentum Force a Breakdown? - 27 August 2020 2020-08-27 08:48:22 Turkey has relative control over the Covid-19 pandemic, but the Turkish Lira continues to reach all-time lows versus the US Dollar, despite intensifying bearish pressures on it. Read more » USD/BRL: Increase in Bearish Momentum to Force Profit-Taking - 27 August 2020 2020-08-27 08:40:43 Brazil continues to record over 40,000 new Covid-19 infections daily, trailing only the US in the total count, which recorded over 6,000,000 cases. Read more » USD/JPY Forex Signal: Bullish Price Channel Holds - 27 August 2020 2020-08-27 08:29:33 USD/JPY: Support at 105.87 likely today's pivotal point Read more » USD/ZAR: Calm Action Tempts Speculators - 27 August 2020 2020-08-27 08:16:42 The USD/ZAR has traded within a tight value band the past couple of days after seeing its bearish trend gain impetus early this week. Read more » USD/INR: Another Bearish Burst Downwards Suddenly Emerges - 27 August 2020 2020-08-27 08:02:39 After demonstrating a sudden selling spike downwards early this week and reestablishing its bearish trend the USD/INR traded with plenty of sideways price action. Read more » Want to read more signals? Visit our Technical Analysis page More from DailyForex: Forex Brokers Reviews Forex News Technical Analysis Bitcoin Brokers Got a smartphone? Get our updates directly to your phone with the latest version of our free app Join the free Forex Academy and find courses suited to traders at all levels! We hope that this analysis helps you find a profitable position in the Forex market. Happy Trading, The DailyForex Team 2020 DailyForex LTD. 1841 SW 63 RD TERR, North Lauderdale 33068, Florida, USA Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. This email was sent to you following your consent to our Terms of Service and your permission to receive from us emails notifying you of any promotions or new services we are offering. Please note that in accordance with the General Data Protection Regulation (GDPR) you may request to close your account and that your personal data will be deleted. To exercise this right you may contact DailyForex's support team: privacy@dailyforex.com.
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