The lower timeframe remains bearish, especially from the break of the strong hold at 1.481985. GBP/USD is slightly trading above this support after breaking through in the past session. The trend towards the down remains strong, the next level that sellers should watch out 1.472165 as we will eventually get there. Disclaimer High investment risks […]

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As we draw near to the year end, the volume is getting dry and the candle are stuck within tight ranges. But the pair was able to gain strength and broke above the descending channel and is now trading above the previous support 120.34. The immediate resistance is 120.57 and we believe that the pair […]

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A strong move overnight has gained attention in the pair again, the immediate resistance at 0.995067 has to be broken to make an advance towards 1.018798. The alligator also is another resistance that we believe will try to push the pair down, but if the momentum is strong as shown by the stochastic, then USD/CHF […]

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A sharp bearish move last night triggered a stochastic cross towards the bearish zone that is currently pointing 1.086102. A break below this first support will quickly open the door towards 1.056026 about 300 pips from the first break to the target. This looks like a hot cake for us in the coming year and […]

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The pair continues to trade within the descending channel but was unable to break above the ascending trend line (green) yesterday, it fell back and is trying another attempt today. On the break of the trend line the pair will advance towards the upper channel. Disclaimer High investment risks Trading foreign exchange (Forex) on margin […]

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The trend on Gold is still the same as yesterday in both 4 and the daily chart. The pair continue to trade above the 4 hour chart but within the boundaries of the horizontal resistance in the 4 hour chart and on the daily it is still hatching around the support zones. This is expected […]

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The hourly chart shows some signs of progress being recovered from the 120..50. This came after the pair struck the zones of the upper wedge from Nov 2014 and June 2015. This may give some strength to the US Dollar to rise further. Our resistance is at 120.58 first and 120.80. We could see a […]

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Gold has taken a tremendous support at 1065 zones for the past several days while, there is enough room for Gold to rise towards the 50% fib at 1128 level. Here we have another resistance that seems to be a magnetic zone which will either have the price sticking there or a quick repel. The […]

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The pair has gained strength today in the early Asian session and is continuing to gain momentum from the day open. It is now trading above the ascending trend line (Green) which was formed on 15th July 2012 and received the first bounce on 12th April 2015 and 30th October 2015, later the trendline was […]

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Gold is ranging between 1081 and 1047 levels and is currently trading at a glittery level around the major moving averages in the 4 hour chart. As the volumes have dried up we are not willing to take any positions except watching the dollar yen for its lows. Gold is set for a bearish outlook […]

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