Price reacted the same way as mentioned in our Tuesday, Wednesday and Thursdays newsletter. USD/JPY declined after failing to break 105.57 resistance and spiked towards the lower trendline at 102 level. Several pending orders were triggered near the trendine, but the retracing momentum was not as good as expected. Today is the last trading day […]

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Gold is trading below the 20 DMA for the past 8 days and price is unable to overcome this dynamic resistance. The Bullish trend started on the 16th of December 2015 at 1045 and Gold is on the rise since then. It has had 4 trend line bounces in the last 7 months and price […]

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The price on the 4 hour chart spiked towards 106 but was unable to sustain the strength and dropped back to the lower line of the channel towards 104 level. This is the second time in the week that the price is supported by the lower channel and a break below this will be supported […]

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3 days of bullish strength after the pair plotted a minor doji on the daily chart, these candle can also be termed as three white crows and if today’s candle closes above 0.7107, then the price may head towards 0.7171 about 70 pips from the current level. If the price fails to break above the […]

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USD/JPY traded lower towards the channel in the 4 hours chart as mentioned in our yesterday newsletter. Price was choppy today as the additional Japanese stimulus surrounded the market and weakened the Yen during the Asian trading session. USD/JPY advanced towards 106.54 but was not able to hold and dropped towards 105.15. Price has to […]

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Price is caught inside the wedge on the 4 hour chart with large lower spikes for the last 8 hours. With the present price action it is more comfortable to say that Gold will break below the wedge but on the contrary few other traders are looking for a reversal and a break above the […]

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The price was unable to overcome the upper channel and as mentioned in our yesterday’s newsletter the pair broke the 23.6% fib and made its way towards the 38.2 fib and the 21 day moving average. RSI is below 50 and is pointing south, we are looking for a move towards 102.30. USD/JPY will have […]

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After a great struggle the pair managed to climb from 99 level to 107, but it still has a long way to regain the lost levels during this year. For now, USD/JPY is limited by the upper channel and had feared the bulls for a pull back. The pair is supported by the 23.6% fib […]

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The price is currently above the wedge and is trading higher for the last 5 days. Though the pair is above the wedge, yet the bulls are finding it difficult to break above 0.9885. A continuous failure will lead to a quick reversal into the wedge as we saw on 13th July. If the pair […]

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EUR/USD continues to be under pressure and could face further decline in the coming days. It is currently being supported by the 61.8% fib drawn from 3rd December 2015 to 3rd May 2016. A break of this level will push the pair towards 1.0905 June 24th low and further pressure could move the price towards […]

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