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NZD/USD Intraday technical levels and trading recommendations for August 25, 2016
Bullish persistence above 0.6550 (the depicted support) was necessary to keep the price moving towards higher bullish targets. In February and March, signs of bearish rejection (triple-top reversal pattern) were expressed around the price level of 0.6750 until April when a bullish breakout above 0.6750 and 0.6860 was executed. Later on May 6, daily candlestick […]
Gold Technical Analysis for August 25, 2016.
Technical outlook and chart setups: Gold has indeed dropped lower below $1,330.00 level, taking out stops yesterday. Please note that the yellow metal still looks to be constructive for bulls to regain control, till prices stay above $1,310.00 level, which is the wave’s low within the triangle structure. The wave structure continues to indicate that […]
Elliott wave analysis of EUR/NZD for August 25 – 2016
Wave summary: We have seen the expected decline closer to 1.5366 (the low has been seen at 1.5328 as an expanded flat wave [ii] has unfolded. We are now looking for a break above minor resistance at 1.5545 to confirm that the correction in wave [ii] is complete and wave [iii] higher is developing. When […]
STOCKTRKR Global Markets Bulletin 25-08-2016
Our global round up in bitsize format.
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