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Gold Technical review 18
Gold Technical review 18
As we reported in Wednesday’s technical report, gold would benefit on the back of a dovish minutes report from the US Federal Reserve whose members are split on any further rate hikes in the nearest future. That pretty much means the nail in the coffin for any further rate hikes this year from the F...
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Forex Technical Analysis & Forecast 18.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 18.08.2017 (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 reached the target level and formed the structure of the Expanding Triangle pattern. Possibly, today the price may be corrected to the upside to reach 1.1765 or even extend this structure towards the upside border of the range, which may be considered...
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EUR/USD Still Bought On Dips
EUR/USD Still Bought On Dips
The EUR/USD has been bought on dips exactly from the zone I showed during Live trading webinar. Major weekly L5 support is still keeping the pair within the bullish range with a potential to break above 1.1790. If the pair drops to POC zone (W L5, D L4, trend line, ATR low) 1.1680-50 it could possib...
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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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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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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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Gold Technical analysis 17
Gold Technical analysis 17
The gold price is stabilizing today after suffering its biggest loss in 6 weeks yesterday on the back of strong retail sales numbers from the US The figures hit the market at 0.5 percent against expectations for a number of 0.3 percent and once again raised speculation that the Fed may raise interes...
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Market Commentary Wednesday 16 August 2017
Market Commentary Wednesday 16 August 2017
Wednesday 16 August 2017 EUR/USD Dollar gains extended on Tuesday, as easing geopolitical tensions coupled with better-than-expected US data. The EUR/USD pair extended its monthly decline down to 1.1686, early US session, with the following bounce well contained and with the pair ending the day arou...
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Forex Technical Analysis & Forecast 16.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 16.08.2017 (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 another descending wave inside the third one and right now is being corrected. Possibly, the price may grow towards 1.1785 and then continue forming the third wave to reach 1.1666. And this is just a half of this structure. After that, the i...
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USD/CAD Flat Top Ascending Triangle Uptrend
USD/CAD Flat Top Ascending Triangle Uptrend
The USD/CAD has been in a steady uptrend. The price has formed an ascending flat top triangle that suggest an uptrend continuation. But the price has already reached the W H4 camarilla pivot so bulls need to be careful. If the pair breaks 1.2760 then 1.2805 will be possible. If there is no breakout ...
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Pound to go 1-1 with Euro
The British pound is under pressure today after the latest round of inflation figures all but killed chances for a rate hike from the Bank of England this year. Consumer price index figures from the UK earlier today hit the market at 2.6 percent against analysts’ expectations for a figure of 2.7 per...
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Forex Technical Analysis & Forecast 15.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 15.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
EUR USD, “Euro vs US Dollar”The EUR/USD pair is still consolidating below 1.1795. We think, today the price may fall to reach 1.1750 and then grow to return to 1.1795. After that, the instrument may resume moving downwards with the target at 1.1666. GBP USD, “Great Britain Pound vs US Dollar”The GBP...
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EUR/USD Bearish Continuation
EUR/USD Bearish Continuation
The EUR/USD seems prepared for one more leg down to test the 1.16 support zone before continuing with the uptrend.The arguments in favour of a larger bearish correction include:The EUR/USD completed 5 bearish wavesPrice showed divergence between the topsPrice is moving with the trend in a corrective...
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Gold down, set to rebound
  The gold price hit strong resistance at the $1,290 mark on Friday and the weakness has continued in today’s trading session but some predict it’s only a matter of time for the uptrend to continue with a break above $1,300. Tensions between the USA and North Korea eased down over the weekend which ...
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Market Commentary Monday 14 August 2017
Market Commentary Monday 14 August 2017
Monday 14 August 2017 EUR/USD After a soft start to the week, the EUR/USD pair ended it up at 1.1820, a fifth consecutive weekly gain as soft US inflation coupled with arising political jitters. On Friday, official data showed that US CPI rose a seasonally adjusted 0.1% in July, and by 1.7% when com...
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EUR/JPY Close to 78.6 Fib Retracement
EUR/JPY Close to 78.6 Fib Retracement
The EUR/JPY broke below the leaned head and shoulders pattern and touched the 128.04 before making a correction. At this point the price is close to possibly completing a correction due to a cluster of strong confluence points that make the POC zone. The POC 129.80-113.00 (W H4, D H4, bearish orde.....
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Weekly video report, RBA minutes, Retail sales from the US
Source: http://www.fibogroup.com...
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Forex Technical Analysis & Forecast 14.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 14.08.2017 (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 almost reached the target of the correctional wave; right now, it is falling. Possibly, the price may form the wave towards 1.1756, which may be considered as the first wave inside the third one. After that, the instrument may form another consolidati...
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Market Commentary Friday 11 August 2017
Market Commentary Friday 11 August 2017
Friday 11 August 2017 EUR/USD The EUR/USD pair turned higher and closed the day with modest gains around 1.1780, as US PPI data provided a reality check on where US inflation and therefore the Fed stand these days. US July headline PPI came in below expected, falling 0.1% monthly basis, and up by 1....
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Market Commentary Wednesday 9 August 2017
Market Commentary Wednesday 9 August 2017
Wednesday 9 August 2017 EUR/USD After a dull start to the day, the greenback gather upward momentum against all of its major rivals after Wall Street's opening, with EUR/USD's decline extending down to 1.1714 before bouncing to settle around 1.1760. The US released some minor macroeconomic figures, ...
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Market Commentary Tuesday 8 August 2017
Market Commentary Tuesday 8 August 2017
Tuesday 8 August 2017 EUR/USD The EUR/USD pair ended Monday pretty much unchanged daily basis, barely a couple of pips above its Friday's close. The common currency saw some limited demand at the beginning of the day, raising up to 1.1807, although unable to extend gains beyond the level as local da...
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Market Commentary Monday 7 August 2017
Market Commentary Monday 7 August 2017
Monday 7 August 2017 EUR/USD The American dollar saw a dramatic change of course on Friday, following the release of the US Nonfarm Payroll report, resulting in the EUR/USD pair trimming all of its weekly gains to end it flat around 1.1773. According to official figures, the US added 209,000 new job...
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Market Commentary Friday 4 August 2017
Market Commentary Friday 4 August 2017
Friday 4 August 2017 EUR/USD The EUR/USD pair recovered from a daily low of 1.1830 and settled at 1.1871, shrugging off early soft European data, and as investors still prefer to sell the greenback. Released at the beginning of the day, the EU final Markit July Services and Composite PMIs resulted b...
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Market Commentary Thursday 3 August 2017
Market Commentary Thursday 3 August 2017
Thursday 3 August 2017 EUR/USD The EUR/USD settled at a fresh 2017 high right below the 1.1900 level and after posting 1.1909, as soft US data coupled with dovish comments from Fed's members. Trading was choppy across the board during the first half of the day, but the dollar had no chances, particu...
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Market Commentary Wednesday 2 August 2017
Market Commentary Wednesday 2 August 2017
Wednesday 2 August 2017 EUR/USD The EUR/USD pair settled lower this Tuesday, but not far below a fresh 2017 high of 1.1845, on a pretty busy macroeconomic day. Data coming from both economies was mixed, with some ups and some downs, nothing however, defining. In the EU, preliminary Q2 GDP came as ex...
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Market Commentary Tuesday 1 August 2017
Market Commentary Tuesday 1 August 2017
Tuesday 1 August 2017 EUR/USD What started as a dull Monday, ended up with the EUR/USD pair reaching a fresh 2017 high of 1.1831, level last seen early January 2015, as mixed US data was not enough to revert the prevailing negative sentiment towards the American currency. The greenback advanced mode...
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Market Commentary Monday 31 July 2017
Market Commentary Monday 31 July 2017
Monday 31 July 2017 EUR/USD The EUR/USD pair closed the week at 1.1748, its highest settlement since January 2015, on fresh signs of decreasing inflationary pressures in the US. On Friday, the country released its advanced Q2 GDP figures, which showed that the economy expanded at a healthy annual ra...
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Market Commentary Friday 28 July 2017
Market Commentary Friday 28 July 2017
Friday 28 July 2017 EUR/USD The greenback edged higher across the board, having reverted most of its post-Fed losses, with the Japanese yen being an exception to the rule. The EUR/USD pair settled at 1.1660, after trading as high as 1.1776 earlier on the day, the highest since January 2015. The corr...
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Market Commentary Thursday 27 July 2017
Market Commentary Thursday 27 July 2017
Thursday 27 July 2017 EUR/USD The EUR/USD pair traded uneventfully around the 1.1640 level, and after falling down to 1.1612, its lowest for the week, but resumed its advance breaking higher and settling at its highest since January 2015, in the 1.1730 region, following the US Federal Reserve moneta...
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Market Commentary Tuesday 25 July 2017
Market Commentary Tuesday 25 July 2017
Tuesday 25 July 2017 Caution prevailed among FX investors at the beginning of the week, with the greenback ending the day marginally higher against most of its major rivals. The EUR/USD pair anyway, remained near a recent two-year high of 1.1683, as worse-than-expected US housing data interrupted do...
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