Yesterday’s candle has created some confusions in the market as it appears to be a doji for some trading brokers while other terminals are posing a full bearish candle. This confusion is due to the server timings between the brokers. But as for NoaFX, the candle is clearly a doji and we will be looking […]

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Gold Buyers, here is another opportunity to go long. Today’s candle is flirting with the ascending lower trend line and somewhat appears to be a trend continuation doji. The clear picture will only be revealed when the day closes and a new candle appears. We are currently looking for an opportunity on Gold to go […]

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Gold continues to rise and is currently trading on the ascending channel in the hourly chart as mentioned in our Monday’s newsletter. The dip for additional recruitment was ignored and price continued upwards until the upper channel was met. Gold is on a positive tone since the beginning of 2017 and the same pattern was […]

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Pound Dollar recovered its losses after the weekend rumour. The gap opening that was formed on Monday is yet to be covered and the pair is currently trading upwards as we are heading close towards the UK’s PM Theresa May’s speech. Risk aversion put the USD Dollar under pressure, leading the GBP to gain grounds […]

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It seems that Gold picked on the primary possibility that we mentioned in our previous weeks newsletter. Gold advanced above the 1200 mark and is currently being resisted by the 1202 level. The daily readings, price actions and momentum indicators are all showing a continued strength in Gold and this move may very well last […]

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Uncertainty surrounding the Theresa May’s speech scheduled on Tuesday has moved the markets today. The expectations continue to grow towards a concrete plan from the Prime Minister. The plan seems that she may drop access to the single market so the border control could resume and if this is true then we may see large […]

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USD/CAD has been stalling its upside momentum and is in a consolidation mode for the last 3 days. Price is currently limited by the lower channel support and we are anticipating for a upward correction towards the 50 DMA or the 1.333 resistance area. If the price fails to retrace then the next support will […]

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Price began to decline after reaching the upper trendline and the resistance at 1186. We had mentioned about this move in our yesterday’s newsletter and have gone for a pending sell at this resistance level. The immediate support that is holding the yellow metal is the minor ascending trend line and once this breaks, the […]

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Dollar was able to erase all of its recent losses and managed to climb above the 116 mark and is currently trading in the pre NFP’s range. We may once again see the USD/JPY consolidate between 118 and 116 level in spite of a hard move towards the downside. Both longer and shorter term indicators […]

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Gold is trading at the daily pivot point and there is enough scope for the price to ascend further towards the 38.2% fib located at 1219 with immediate resistances at 1187 and 1199. The immediate support is the S1 at 1167 and if price breaks below the S1 then the price will head to 1150. […]

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