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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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EURUSD: recovery to 1.1771
EURUSD: recovery to 1.1771
Previous: On Thursday the 17th of August, trading on the euro/dollar closed down. The daily candlestick closed with a range of 127 pips. The euro survived the ECB’s monetary policy meeting accounts. The price first jumped from 1.1663 to 1.1714. During the US session, the bulls managed to get it back...
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USDJPY dropping perfectly towards profit target, remain bearish while protecting our profits
Sell below 110.34. Stop loss at 111.09. Take profit at 108.77. Reason for the trading strategy (technically): Price has dropped really nicely from our selling area yesterday. We remain bearish looking to sell below resistance at 110.34 (Fibonacci retracement, horizontal pullback resistance) for a fu...
0
USDCHF profit target reached perfectly, prepare to buy on major support
Buy above 0.9598. Stop loss at 0.9557. Take profit at 0.9697. Reason for the trading strategy (technically): Price has shot down perfectly from our selling level and reached our profit targets. We prepare to buy above major support at 0.9598 (Fibonacci retracement, horizontal overlap support) for a ...
0
NZDUSD testing major resistance, prepare to sell
Sell below 0.7322. Stop loss at 0.7372. Take profit at 0.7223. Reason for the trading strategy (technically): Price is now testing major resistance at 0.7322 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a reaction from this level for a push down to at least 0.7223 supp...
0
EURJPY forming a nice reversal pattern, remain bearish
Sell below 130.07. Stop loss at 130.42. Take profit at 128.92. Reason for the trading strategy (technically): Price reversed nicely yesterday and is dropping nicely. We prepare to sell below resistance at 130.07 (Fibonacci retracement, horizontal overlap resistance, bearish price action, bearish div...
0
AUDJPY testing major resistance, remain bearish
Sell below 87.39. Stop loss at 88.08. Take profit at 86.32. Reason for the trading strategy (technically): Price is testing major resistance at 87.39 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a reaction from this level for a drop to at least 86....
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AUDUSD approaching major resistance, prepare to sell
Sell below 0.7938. Stop loss at 0.7982. Take profit at 0.7877 Reason for the trading strategy (technically): Price is now approaching major resistance at 0.7938 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect to see a strong reaction from this level to fuel ...
0
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....
1
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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EURUSD: correction expected after growth to 1.1816
EURUSD: correction expected after growth to 1.1816
Previous: On Wednesday the 16th of August, trading on the euro closed in the black. The single currency was under intense pressure leading up to the release of the FOMC minutes. It first fell against the dollar after a report from Reuters that ECB president Mario Draghi wasn’t planning any significa...
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ECB's Draghi will not deliver fresh policy steer at Jackson Hole: sources (news: 16/08/17)
Today's pressECB's Draghi will not deliver fresh policy steer at Jackson Hole: sources FRANKFURT (Reuters) - European Central Bank President Mario Draghi will not deliver a new policy message at the U.S. Federal Reserve's Jackson Hole conference, two sources familiar with the situation said, temper....
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Daily analytical report (16/08/17)
After an interesting seven days of trading, volatility has subsided and now we have some time for one camp to lick their wounds and for the other to take a rest and count their profits. The US dollar is a bit stronger and it looks like dollar buyers will try to gain control over the market in the n....
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British data puts the euro under pressure
Volatility on the euro/dollar pair during the European session is off the charts. At the beginning of the session, the single currency rose to 1.1758 before dropping to 1.1691 (-67 pips) in the space of 25 minutes. This drop was the result of a report from Reuters that ECB president Mario Draghi wo....
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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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EURUSD: correction to continue to the LB line
EURUSD: correction to continue to the LB line
Previous: On Tuesday the 15th of August, trading on the euro/dollar pair closed in the red. In the US session, the euro fell against the dollar to 1.1687. Strong retail sales data coupled with an abating of tensions surrounding North Korea provided support for the greenback. Previous negative retail...
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USDJPY testing major resistance, prepare to sell
Sell below 110.88. Stop loss at 111.44. Take profit at 109.67. Reason for the trading strategy (technically): Price is approaching major resistance at 110.88 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a bearish reaction off this level for a drop to at least 109.67 su...
0
USDCHF approaching major resistance, prepare to sell
Sell below 0.9770. Stop loss at 0.9809. Take profit at 0.9671. Reason for the trading strategy (technically): Price has reached our profit target perfectly from Monday. We prepare to sell below major resistance at 0.9770 (Fibonacci extension, horizontal swing high resistance) for a push down to at l...
0
NZDUSD has broken major support, prepare to sell
Sell below 0.7258. Stop loss at 0.7286. Take profit at 0.7196. Reason for the trading strategy (technically): Price has broken our major support-turned-resistance level at 0.7258 and we prepare to sell below this resistance level (Fibonacci retracement, horizontal pullback resistance) for a further ...
0
EURJPY forming a nice reversal pattern, remain bearish
Sell below 130.07. Stop loss at 130.35. Take profit at 128.92. Reason for the trading strategy (technically): Price is approaching major resistance at 130.07 (Fibonacci retracement, Fibonacci extension, bearish divergence) and we expect to see a strong reaction off this level for a drop to at least ...
0
AUDJPY testing major resistance, remain bearish
Sell below 86.57. Stop loss at 85.42. Take profit at 87.17. Reason for the trading strategy (technically): Price is back to testing our selling area. We remain bearish looking to sell below strong resistance at 86.57 (Fibonacci retracement, Fibonacci extension) for a corrective drop towards 85.42 su...
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EURUSD dropping perfectly towards profit target, remain bearish
Sell below 1.1824. Stop loss at 1.1928. Take profit at 1.1615. Reason for the trading strategy (technically): Price has started to drop really nicely towards our profit target. We remain bearish below major resistance at 1.1824 (Fibonacci retracement, horizontal overlap resistance, pullback resistan...
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Forex - Dollar extends gains on upbeat U.S. retail sales data (news: 15/08/17)
Today's pressForex - Dollar extends gains on upbeat U.S. retail sales data Investing.com - The dollar extended gains against the other major currencies on Tuesday, helped by the release of upbeat U.S. retail sales data and as market sentiment continued to prove amid easing tensions between the U.S.....
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Daily analytical report (15/08/17)
The market is back in Risk-On mode. No nukes were fired, no islands were bombed, no countries were invaded. It’s for this reason that we’re now only seeing buying on risky assets and why we should see a correction of the safe havens. The SP500 has reversed as it usually does; with a V-shaped patter....
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The pound is falling after inflation data
In the European session, the US dollar is trading up against all the majors. Demand for the dollar surged on the back of a rise in US 10Y bond yields to 2.248%. The downwards movement on the euro/dollar and pound/dollar crosses has strengthened the dollar. After the release of weak inflation data f....
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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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EURUSD: dollar attacking on all fronts
EURUSD: dollar attacking on all fronts
Previous: Trading on the euro/dollar pair closed down on Monday. Sellers almost completely annulled Friday’s gains. The euro fell against the dollar to 1.1770, after which a phase of consolidation began. A growth in US bond yields provided support for the dollar, which was helped by a de-escalation ...
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NZDUSDdropping perfectly towards profit target, prepare to buy for a bounce
Buy above 0.7256. Stop loss at 0.72299. Take profit at 0.7326. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area yesterday and is fast approaching our profit target. We prepare to buy above major support at 0.7256 (Fibonacci extension, horizontal swing ...
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EURJPY approaching profit target, prepare to sell
Sell below 129.60. Stop loss at 130.17. Take profit at 128.11. Reason for the trading strategy (technically): Price has reacted very nicely off our selling area yesterday. We remain bearish looking to sell on major resistance at 129.60 (Fibonacci retracement, horizontal overlap resistance) for a pu...
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