There was a sharp bearish acceleration after the pair was rejected at 111 and fully throttled towards 107 base support. The Fed’s left the rates unchanged and there was no immediate reaction, however the rejection brought in more sellers into the market. This is a full retracement from 125 handle and a break below 107.61 […]

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The price returned back to 1.447 after reaching 1.4636, However the interim rising channel on the 4 chart didn’t slide in the decline but held the pair and bounced it back towards the upside. The pair is on its way towards 1.4761 and as mentioned on Tuesday, the bounce should have been used as a […]

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The pair is steadily trading above the 1.1300 level, and is positive for 4 consecutive days. There was a new round of bullish acceleration on account of softer US data, the price broke above the side ways moment and has opened new doors towards 1.1400 where there a triangular rejection in the past. Technically the […]

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Against the odds, USD/JPY has the right candle in place. Most of the USD related pairs are showing a USD negative and Dollar Yen is the only pair that is showing a USD positive. What does this mean? Dollar Yen has been trading positive since the 11th of this month, the April 15th candle was […]

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Price is trading within the wedge and was bounced off the lower level (red). This move is a pre release move towards FOMC, all the USD pairs are also turning positive as we draw near the FOMC meet. Gold’s resistance is at 1253 and 1271, the price may reach 1271 in case of a bearish […]

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GBP/USD has broken above the wedge on the daily chart and confirms a full bullish cycle towards 1.4761, about 200 pips from the current level. The only hurdle on its path is the 1.463 resistance level which may hold the pair for few sessions. The short term indicators in combination with the lagging indicators on […]

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The price has been kicked back and is retracing for two days now. The immediate resistance is the lower wedge line (Red) and the price is likely to be bounced off of this level. On the contrary, if EUR/USD is able to plunge the wedge then we may have a full retracement towards 1.1356. The […]

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The pair is turning more bearish after the price reached a six month high. The immediate support is the 50 DMA and the price is trading between the 50 MA and the 23.6% fib on the daily chart. The bearish leg was confirmed after EUR/USD broke below the wedge (Red) and if the 50 DMA […]

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The daily chart contains two triangular pattern (Red and Blue). The rejected price at 1268 was right smack on the upper triangle (Red) and broke below the same triangle. However, it is currently supported by the secondary triangle (Blue) and we believe that the price will rebound in the short term to the upper blue […]

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We had pin pointed the entry levels in our yesterday’s news letter and also mentioned the opportunity to go short. The spike on Gold was at 1269 and our recommended sell points were 1267, those traders who short the pair at 1267 are currently trading positive with 2000 pips and this was a good quarterly […]

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