Gold is spiking towards the upside and the momentum is strong with targets at 1286 and 1294, scalpers will be the maximum profit takers in this trend as the strength on Gold is open to all and easy to trade. The immediate support is at 1271 and 1269, if Gold declines and closes below 1269 […]

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The medium term outlook for USD/CHF is bullish but the price action is forecasting further slides towards 0.9818. The immediate support is the minor ascending trend line (Blue) and price has to break this level to slip into the B territory. Once the price enters the B territory then there is enough room for USD/CHF […]

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Gold is trading within a minor ascending channel and is currently limited by the 21 DMA. Price has to over come this moving average to advance further, else it has to break the lower channel to descend towards 1261 and 1250. Price is retracing since the 7th of this month and the retracement was close […]

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USD/JPY continues to strengthen but is limited by the 104 resistance in the four hour chart. Price has been ranging between 104 and 103 in the hourly chart with momentum towards the upside. The immediate resistance 104.76 has to be broken for the pair to advance towards 105 where it will meets another strong resistance. […]

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Gold is limited by the 50 MA on the hourly chart, while RSI is still in the mid levels with Stochastics nearing the over brought level. There has been no crossovers or divergences in the lower time frames suggesting a continuation towards 1271.36. This is further strengthened by the candles in the 4 charts that […]

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Dollar Yen is still stuck between the bridges of the 38.2 fib and the lower ascending trend line. Though the weekly candle appears to be doji, yet we will give it to the bears for closing lower than the weekly open. The preceding weeks will witness a Dollar strength, but the price has to break […]

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We had mentioned yesterday that EUR/USD will retrace to 1.1033 and it came to pass the same day. Though we didn’t say anything about the preceding move after the price reached the target level. But what followed was also a surprise to us, Investors started to sell the Euros so aggressively that the price was […]

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Price failed to break above the 0.0 Base fib level and has stepped below this base support falling within the 61 Fib on the 4 hour chart. Momentum indicators are increasingly bearish and we see a series a bearish divergences in the hourly chart. The present move on EUR/USD is quite contrary to Gold but […]

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Price retraced after reaching the 103.17 level as mentioned yesterday and is now heading towards the bottom of the ascending trend line. USD/JPY has to break this resistance level, so it can advance towards 104.52. If price fails to breaks this level then it will retrace back to the 103.17 level and drop towards the […]

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Gold is heading towards the 50% fib or the 21 DMA at 1281, momentum indicators have risen from the over sold territory and is pointing towards the mid level which coincides with the 50% fib on the price chart. MACD has also crossed over in the 4 hour chart and has plotted a bullish divergence […]

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