Price continues to trade within the upper channel for 5 consecutive days and is currently supported by 1.0619, a break of this support will push the pair towards the lower channel, but from the recent candle sticks we can say that EUR/USD will have a bounce on this support. This is another indicator showing us […]

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Dollar Yen is pointing lower with a target towards 111.45 with about 100+ pips. If the candle breaks 112.64 on the 4 hours chart then the hourly moving average would have made the cross over pushing the pair to the initial support. Though the pair may slide below, yet it is only considered as a […]

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Gold has broken the lower trend line in the hourly chart and is moving towards 1182 and 1177. The momentum indicators are also pointing to a slide in the coming hours, while the longer term trend continues to stay low. Traders are all on the bearish side of the pair while few long term traders […]

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Dollar Yen has taken a break after reaching the over brought level and is now trading below the ascending channel. Though the pair has dropped and paused its gains, yet it is still on the bullish trend. Price is supported by a minor trend line in the 4 hour chart and has plotter lover level […]

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The yellow metal continues to trade within the descending channel in the 4 hours chart and the price has currently reached the upper channel and is slowly retracing back after plotting a reversal candle on the upper channel. The immediate resistance is 1189 followed by 1182 and 1170. The daily chart points to a minor […]

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USD is weak across major pairs and this weakness helped the GBP/USD to advance towards the 1.2530 level today, breaking last week’s high. However this gain didn’t last long and retreated below the 1.2500 level, accelerating down and losing 70+ pips in the last couple of hours. There was no substance behind this loss, and […]

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Gold has reversed in the mid term and is heading towards the 1208 level, but has to clear off the immediate resistance at 1197 before moving to 1208. Indicators have come to an halt and is forming a minor divergence in the shorter time frames while the larger time frames remain on the bearish side. […]

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Dollar Yen has continued to advance further and has hit our first target at 113.75, the price action is strong and will move towards 118 by the end or the mid of the following week. The weekly candle has to break open above 113 to confirm further advancement towards 126, we believe that USD/JPY will […]

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Dollar is holding its ground against most if not all of its rivals and is geared up for the December’s interest rate hike and the Central bank is expected to raise the interest by 1/4%. Traders will also watch the wording from Fed Chair Yellen which will indicate how far the next rate hike may […]

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EUR/USD declined for the last 10 days and has now taken a halt, while trading within a minor ascending channel in the hourly chart. If EUR/USD rebounds then the strongest resistance will be the 23.6% fib at 1.0734, about 95 pips from the current level. The rebound can only happen if there is a highly […]

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