Category: Market News

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GBPCHF approaching resistance, potential drop!

GBPCHF approaching resistance, potential drop!

GBPCHF is approaching our first resistance at 1.3087 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.2922 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish ...

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EUR/USD Soars Despite Positive US Data

EUR/USD Soars Despite Positive US Data

EUR/USD was on the rise today during the New York trading session despite the fact that the US macroeconomic indicators came out pretty good this time. Philadelphia Fed manufacturing index rose from 19.9 to 25.7 in July, coming out better than 21.6 expected by market participants. (Event A on the chart.) Initial ...

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EURGBP Wave Analysis – 19 July , 2018

• EURGBP broke key resistance level 0.8890 • Likely to rise further EURGBP recently broke above the key resistance level 0.8890 (which stopped the previous waves (i) and i in June and July, as can be seen below). The breakout of the resistance level 0.8890 accelerated the active minor impulse wave 3 – which belongs to ...

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Palladium Wave Analysis – 19 July , 2018

• Palladium broke round support level 900.00 • Likely to fall further Palladium continues to fall sharply after the earlier breakout of the key round support level 900.00 (which stopped the previous medium-term impulse wave (C) in April, as can be seen from the daily Palladium chart below). The breakout of the support ...

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Intraday Analysis 19th July 2018

Intraday Analysis 19th July 2018

Daily Forex Market Preview, 19/07/2018 Data from the UK saw the release of the inflation figures. Consumer prices in the UK were seen rising at a slower than expected pace of 2.4%. The median forecasts expected a print of 2.6%. Core inflation was also seen slowing, rising at a pace of 1.9%. In the Eurozone, headline ...

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Gold – Limited downside

Gold – Limited downside

USD Index Weekly: Mixed trading for the last 7 weeks. We are looking for further upside pressure to be limited. Trend line resistance (and a possible Right Shoulder of a bearish Head and Shoulders pattern) is located at 95.70. The 50% Fibonacci pullback level from the 103.87-88.13 move is seen at 96.00. This is our ...

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Bitcoin is moving forward

Bitcoin is moving forward

American index managed to break the level of 2802.00, therefore it may very soon approach the trendline of ascending channel and then pull back down: In the daily timeframe, the currency pair EUR/GBP maintains its week-long flat, and the asset’s rate is slowly approaching flat’s upper boundary. The boundary of this ...

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AUDJPY approaching resistance, watch for breakout!

AUDJPY approaching resistance, watch for breakout!

Price is approaching our first resistance at 83.71 (horizontal swing high resistance, 78.6% Fibonacci retracement) and a breakout above this level might push price up to our major resistance at 84.58 (horizontal swing high resistance, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure ...

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