Gold has lost its ground for the entire month and is trading at 1210 after reaching the lowest level (1199) for this quarter. Having made a decline at 1199 has opened the gate towards 38.2% fib at 1184 leaving Gold uninterested. Though the price went so low, we still do not find any prospect investors […]

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Euro has been taking a hit since May 3rd after reaching 1.16116, the pair has lost over 500 pips this month. Most of its decline comes from the Euro area weakness and the recent GDP was lower than forecast as the economy expanded at only 0.5%. The renewed interest rate sentiment from the US has […]

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Most of the majors are trading within the boundaries of the previous day’s range as the present day condition is quite. EUR/USD continues to trade between 1.1208 / 1.1120 and is currently trading above the 20 DMA. The release of the Japanese inflation report had no impact on the investors motivation and failed to fuel […]

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Gold is knocking off all supports and is largely bearish across charts. We have hedged our orders that were triggered at these support zones. One of the major sentiment surrounding the Gold is the US Interest rate decision. The next support is at 1214 followed by 1207 and 1197/1. The weekly candle poses a strong […]

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The Asian session was a period of consolidation for the European majors & the equities rose at the back of oil gain which surged to new year highs. Both Asian and the European markets are strong for the day. EUR/USD was considered as the funding currency for the year collectively with Gold and Jap’s Yen, […]

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Monday was a surging day for GBP/USD as it posted peaks after the London’s bell and was later supported by the declining EUR/GBP as the pair slipped into the sell zone with a large extent against most of its rivals. Technically, the pair remains bullish and continues to gain levels, on the daily chart we […]

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After the yesterday’s stall the pair has resumed its bearish leg and is largely negative. The equities on the European regions opened higher, but EUR/USD declined to fresh low 1.11673. The GDP figures for Q1 released by Germany had no changes from the previous readings and will not add up to the common currency. However, […]

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The pair moved close to our initial target 1.4612 with strong gains an is now giving up its profits after reaching the 50% fib on the weekly chart. The bearish volume is strong and we have decided to liquidate the long orders from 1.3909 where the pair gained about 500 pips for the last 11 […]

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EUR/USD is trading bearish for three consecutive weeks now and is largely bearish. The USD is pulled by rate hike possibilities and this strength has contributed to the Euro weakness. The hourly chart gives us a clear point of entry, by using a descending trendline we will be able to place our sell orders at […]

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Gold had a steep decline in yesterday’s trading session. We have been hinting about this move for quite few days now and the decline came in swiftly. The higher bulls were all caught by surprise but the lower bulls rejoiced as their orders were triggered on the lowest level. The pair is trading above the […]

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