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Daily analytical report (17/08/17)
The dovish reaction on the USD after the FOMC minutes is being almost totally wiped out as we speak. EURUSD is coming back down and DXY is climbing back above the support at 93.85. In the short term, a positive scenario is more probable, but in the long term, we’re still in a bearish flag formation....
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Fundamental Analysis of AUD/JPY for August 17, 2017
Fundamental Analysis of AUD/JPY for August 17, 2017
AUD has been stronger than JPY recently with positive economic reports and market sentiment. AUD gained ground on the back of the employment data. On the other hand, JPY had been quite neutral with the economic reports which lead to further weakness of the currency. Today the Australian Employment C...
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Pound may be at a bottom
The British pound has drifted lower midway through the European session, brushing off better than expected retail sales figures but some predict that the currency is reaching a bottom and now may be the time to get in. At 2.07pm (GMT) the British currency was trading at $1.2882 down slightly down fr...
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Fundamental Analysis of EUR/CAD for August 17, 2017
Fundamental Analysis of EUR/CAD for August 17, 2017
EUR/CAD has been impulsively bearish recently despite the bad Canadian economic reports published recently. EUR has been quite neutral with the economic reports this week which lead to further weakness of the currency without any favorable gains. Today EUR Final CPI report was published as expected ...
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Euro, Pound, Oil: Markets Pending Driver
Euro, Pound, Oil: Markets Pending Driver
EurozoneThe GDP growth in the euro area for the second quarter was slightly higher than expected. the adjusted annual growth estimate increased from 2.1% to 2.2%, which supports the euro. According to the published report in August from the economic bulletin, there was a slowdown in the inflation fo...
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Analysis of Gold for August 17, 2017
Analysis of Gold for August 17, 2017
Show full pictureRecently, the Gold has been trading upwards. The price has tested the level of $1,290.00. According to the 30M time frame, I found a breakout of rising channel and confirmed double top formation, which is a sign that buying looks risky. I also found series of doji candles in the cre...
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Intraday technical levels and trading recommendations for NZD/USD for August 17, 2017
Intraday technical levels and trading recommendations for NZD/USD for August 17, 2017
Show full pictureDaily OutlookIn February 2017, the depicted short-term downtrend was initiated around the depicted supply zone (0.7310-0.7380).However, a recent bullish breakout above the downtrend line took place on May 22. Since then, the market has been bullish as depicted on the chart.The price...
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Intraday technical levels and trading recommendations for EUR/USD for August 17, 2017
Intraday technical levels and trading recommendations for EUR/USD for August 17, 2017
Show full pictureMonthly OutlookIn January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target was projected toward 0.9450.In March 2015, EUR/USD bears challenged the monthly demand level...
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Fundamental Analysis of USD/CAD for August 17, 2017
Fundamental Analysis of USD/CAD for August 17, 2017
USD/CAD has been in a bullish retracement phase recently which is most probably came to an end after breaking below the 1.2700 with a daily close due to bad USD economic reports published yesterday. CAD has been quite stronger after the rate hike decision and hawkish statements from the Bank of Cana...
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EUR/JPY analysis for August 17, 2017
EUR/JPY analysis for August 17, 2017
Show full pictureRecently, the EUR/JPY pair has been trading downwards. The price has tested the level of 128.77. According to the 4H time frame, I found a breakout of the rising wedge, which is a sign that sellers are in control and that buying looks risky. Another sign of weakness is the fake brea...
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Daily analysis of major pairs for August 17, 2017
Daily analysis of major pairs for August 17, 2017
EUR/USD: Bears have made a commendable effort to push the price southwards, but the effort now and then is being scuttled by the bulls' machination. The market is quite choppy right now, and it would make sense to stay away from it, until price goes above the resistance line at 1.1800 or below the s...
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The Euro is back to falling. Overview for 17.08.2017
There is a “gale” in the main currency pair this week as investors’ mood is changing every day.The EUR/USD pair is falling on Thursday afternoon, although it moved to the upside in the morning hours. The current quote for the instrument is 1.1725.In fact, the EUR/USD pair returned to its usual recen...
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The Australian Dollar found support. Overview for 17.08.2017
On Thursday, the AUD/USD pair is trading upwards after Australia published some positive statistics.The Australian Dollar found additional support from the statistics on Thursday afternoon and was able to continue its growth against the USD. The current quote for the instrument is 0.7937.Today, Aust...
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Burnt Child Dreads the Fire
Burnt Child Dreads the Fire
EUR / USD, GBP / USDNews agencies continue to confuse investors. Not so long ago, it was stated that the head of the ECB Mario Draghi at a meeting of bankers in Jackson Hole announced the reduction of the quantitative easing program after an active buying of the euro against any events. According to...
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Wave analysis of the USD / CHF currency pair for August 17, 2017
Wave analysis of the USD / CHF currency pair for August 17, 2017
Show full pictureAnalysis of wave counting: Yesterday's publication of the minutes of the last meeting of the FOMC did not allow the USD / CHF pair to break through the maximum (0.9770) reached on August 8, and therefore, until the end of the day, the price fell below the level of 0.9650. At the sam...
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Wave analysis of the GBP / USD currency pair for August 17, 2017
Wave analysis of the GBP / USD currency pair for August 17, 2017
Show full pictureAnalysis of wave counting: Despite the existing prerequisites, during the yesterday's trading, the pair GBP / USD could not continue the downward movement that began on the previous day and was within the range limited by the level of the 29th figure to the end of the day, as well a...
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Global macro overview for 17/08/2017
Global macro overview for 17/08/2017
Global macro overview for 17/08/2017:A set of quite upbeat data from the UK has been released recently. The UK unemployment declined to 4.4% from 4.5% in June and this was the lowest unemployment rate since 1975. The employment increased by 125,000 in the last 3 months and by 338,000 over the year w...
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Trading forecast GBPJPY August 17, 2017
Trading forecast GBPJPY August 17, 2017
The downward movement continues to be a medium-term impulse, which indicates a high probability of updating the monthly lows. The major goal in the medium-term is a monthly short-term plan at 140.00-139.25.Medium-term plan.The continuation of a downward impulse is the main factor for building a medi...
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GBP/JPY MACD Divergence At Monthly Support
GBP/JPY MACD Divergence At Monthly Support
The GBP/JPY has made a temporary bottom at 141.25 and we can see MACD divergence that could push the price to the upside.141.25-50 is the zone where price might spike towards the 142.60-85 where new sellers might be waiting. Only a clear 4h close or h1 momentum above 142.90 should target 143.40. B.....
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Fibonacci Retracements Analysis 17.08.2017 (AUD/USD, USD/CAD)
Fibonacci Retracements Analysis 17.08.2017 (AUD/USD, USD/CAD)
AUD USD, “Australian Dollar vs US Dollar”At the H4 chart, we can see that the AUD/USD pair has been corrected to the downside by 50.0%; the downtrend has been corrected by 50.0% as well. The next targets of this correction may be the retracements of 61.8% and 76.0% % at 0.7966 and 0.8004 respectivel...
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Forex Technical Analysis & Forecast 17.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 17.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
EUR USD, “Euro vs US Dollar”The EUR/USD pair has completed the ascending correctional structure of the previous five-wave descending structure. Possibly, today the price may consolidate at the lows and reach 1.1791. After that, the instrument may form fall towards 1.1731, break it downwards, and the...
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Wave analysis of the EUR / USD currency pair for August 17, 2017
Wave analysis of the EUR / USD currency pair for August 17, 2017
Show full pictureAnalysis of wave counting: Having failed to gain a foothold under the level of the 17th figure, after the publication of the minutes of the last meeting of the FOMC yesterday, the pair EUR / USD began a fairly dynamic upward movement, bouncing to the level of 1.1780 at the end of th...
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Trading plan for 17/08/2017
Trading plan for 17/08/2017
Trading plan for 17/08/2017:The FOMC Meeting Minutes release has clearly weakened the US Dollar, which is losing today to all major currencies. The strongest is JPY, which is up 0.34%, then NOK and AUD (+0.2%). Among precious metals, a positive sentiment is still present, the Gold ounce is at $1287 ...
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Trading plan for the European session on currency pairs EUR / USD and GBP / USD for August 17
Trading plan for the European session on currency pairs EUR / USD and GBP / USD for August 17
EUR / USD To open long positions for EUR/USD, it is required: The Fed's protocols led to the growth of the euro. At the moment, the most optimal level for purchases is in the support range of 1.1755. The update of which, with the formation of a false breakdown there, will lead to a bigger euro gro...
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Trading plan for August 17, 2017
Trading plan for August 17, 2017
Today, European news will have a strong impact on the market. First, the data on inflation will come out, which should remain at the same level. But this is on an annual basis, so all attention to the monthly data. But they can bring a lot of surprises because in a monthly comparison, consumer price...
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Global macro overview for 17/08/2017
Global macro overview for 17/08/2017
Global macro overview for 17/08/2017:The FOMC Meeting Minutes revealed policy makers debate regarding inflation, asset prices and financial stability. According to the minutes, most Fed members believe inflation may remain below 2.0% longer than initially expected. The additional risk prevails for a...
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The period of consolidation in the currency market will remain until the autumn
The period of consolidation in the currency market will remain until the autumn
The minutes of the Fed meeting, which was held on July 25-26, did not reveal anything new to investors. It discussed two topics: first, the slowdown in inflation and second, the start of the reduction of the regulator's balance sheet. The concern of some members of the Fed, that the inflationary pre...
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EUR/USD: Ready for growth.
EUR/USD: Ready for growth.
EUR/USD: Ready for growth.Morning review. Minutes of the Fed and Eurozone GDP are in favor of the euro. On Wednesday, August 16, the euro showed a reversal to growth. Having made a false break down to 1.1685, a sharp reversal and an increase of 1.1780.At the level of 1.1680, a very strong "bottom" i...
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Trading forecast EURGBP 08/17/2017
Trading forecast EURGBP 08/17/2017
The EUR/GBP pair continues to form an upward medium-term. The immediate target of growth is the weekly control zone at 0.9190-0.9171. Any reduction will be corrective until the formation of the reversal pattern.Medium-term plan.The growth of the pair remains a priority, which allows us to consider a...
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Murrey Math Lines 17.08.2017 (AUD/CHF, EUR/JPY)
Murrey Math Lines 17.08.2017 (AUD/CHF, EUR/JPY)
AUD CHF, “Australian Dollar vs Swiss Franc”As we can see at the H4 chart, the AUD/CHF pair has broken the 5/8 level at 0.7629. If the price breaks this level to the downside again, it may resume moving downwards with the first target at the 3/8 one at 0.7507.At the H1 chart, the pair is trading clos...
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