The pair has turned north for the last 3 days and broke above the 61.8% fib drawn from April 2015. We do not consider this as a bullish leg but rather we may see a range play within the channel about 200 pips before breaking higher. The range at which we expect AUD/USD to trade […]

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Long awaited signal is just hours ahead of confirmation. We have been tracking Gold and as mentioned earlier the monthly candle is our signal for the coming quarter. We have seen USD weakness in the last few days and contradicts to our monthly analysis on Gold. The chart has plotted a reversal bearish candle after […]

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The pair is still under pressure after a dovish comment by Fed Yellen. This stalled the 7 day rally on Dollar and signaled a strong bearish move. The pair broke below the rising channel and quickly moved about 120+ pips negative, it was also able to get below the ranged support 112.35 and is currently […]

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Following a 3 day bullish candle the pair is now taking a halt near the upper channel line. Yesterday’s bullish pressure was accelerated and closed the candle above the daily Ichimoku cloud, this is an indication for further gains. But on the other hand the Stochastic are in the over brought level and the pair […]

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At the back of Yellen’s comment the Euro showed a strong bullish sentiment and it regained yesterday. This rally left a strong bullish candle and the momentum continued as we entered the European session today and the price is approaching the mid term barriers at 1.13610. A break above this level with good sustainability will […]

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Though the USD is strong across board yet we see a minimalistic strength when it comes to trading against CHF. The volume has been thin for the last 8 days and now we see that the price is slightly trading low, this might be seen till the lower trendline. But a break above the 200 […]

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The pair continues to trade within a declining channel but is limited by the support 1.3719. We are voting for the bears as the decline appears to be prominent and the trigger may be around the upper channel level. The long term forecast is at 1.27 and this may be quite far for now but […]

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The price barely rose above the ranged resistance 0.6731 on the 4 hour chart. This momentum was followed by a doji in the 4hour chart but it appears to be short lived. The current price has once again dipped into the ranged territory and if this break doesn’t sustain then we will once again start […]

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The pair continues to trade in a range between 111 and 114 and is holding since February 2016. The RSI had a rebound when the price reached 110 (March 17) and since then the price is continuing to build higher pillars. This shows that the bottom may be in place at these areas (110/109) and […]

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Unable to beat its compeer pairs, GBP continues to trade lower at the back of a possible Brexit. The rally during the last week was still not enough to break the 1.42 level and was later held near the 1.41 area. The downside risk remains open at large until the Referendum that is due this […]

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