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Daily analysis of Gold for August 02, 2017

Overview GOLD price shows some slight bearish bias by today’s opening on its way for new retest process to the previously breached neckline of the inverted head and shoulders’ pattern that appears on the chart before resuming the main bullish trend again. In general, the bullish trend still active on the intraday and short term […]

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Daily analysis of Silver for August 02, 2017

Overview Silver price is testing the key support 16.56 now, as it found difficulty to breach the key resistance 16.80 in the previous sessions, which urges caution from the upcoming trading, as breaking the mentioned support will stop the recently suggested rise and push the price to decline towards 15.49 mainly. Until now, we will […]

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Analysis of Gold for August 02, 2017

Recently, the GOLD has been trading upwards. The price tested the level of $1,274.10. According to the 4H time frame, I found 20-day upward channel. The price successfully tested the lower diagonal of our channel, which is a sign that selling looks risky. Buyers are in control and the short-term trend is bullish. My advice […]

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Technical analysis of gold for August 2, 2017

GOLD price made a new high yesterday but prices soon after pulled back inside near the lows of the day just above $1,262. The trend remains bullish but maybe it is time for a pull back. Our short-term minimum target has been achieved. For gold to break above $1,300 we will need a pull back […]

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Technical analysis of gold for August 1, 2017

GOLD price remains in a bullish trend. In the short-term price is moving sideways in a tight range between $1,271 and $1,265. There are more chances for an upward break out and an extended to move higher towards $1,295-$1,310. Short-term support by the kijun-sen (yellow line indicator) is found at $1,257. Cloud support on the […]

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Daily analysis of Gold for July 31, 2017

Overview GOLD price resumed its positive trading affected by the previously completed inverted head and shoulders’ pattern, and the price gets continuous positive support by the EMA50, reinforcing the expectations of continuing the bullish trend on the short term basis, as our next target is located at 1295.37, while the full target of the mentioned […]

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Daily analysis of Silver for July 31, 2017

Overview Silver price keeps its stability above 16.56 level, while it faces solid resistance at 16.80 formed by the previously broken bullish trend as appears on the chart, which means that the price needs to breach this level to ease the mission of heading towards our expected target at 17.43. In general, we will continue […]

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GBP/USD analysis for July 31, 2017

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3096. According to the 15M time frame, I found a successful breakout of the downward channel. There is also a hidden bullish divergence on the moving average which is another sign of strength. Watch for potential buying opportunities. The upward target is […]

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Technical analysis of gold for July 31, 2017

The GOLD price continues to make higher highs and higher lows above our minimum target of $1,260. The trend remains bullish. A reversal from current levels is justified. Even a pull back towards $1,240. Blue line- trend line support The Gold price is trading above both the tenkan- and kijun-sen indicators. Short-term support by the […]

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Global macro overview for 31/07/2017

Global macro overview for 31/07/2017: This week looks very busy on the financial markets, so let’s take a look at the most important economic events for the coming days: NFP Payrolls, PMI/ISM, US PCE Core, Eurozine CPI, Bank of England, RBA and job market from Canada and New Zealand. Many of the next week’s US […]

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Daily analysis of Gold for July 28, 2017

Overview The GOLD price is retesting the previously breached neckline of the inverted head and shoulders’ pattern that appears on the above chart keeping its stability above it, to keep the positive effect of this pattern active, and the price gets positive support by the EMA50, while stochastic gets rid of its negative momentum gradually. […]

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Daily analysis of Silver for July 28, 2017

Overview Silver price fluctuates around the support base formed above 16.56 level after breaching it previously and keeps its stability above it until now, which keeps the bullish trend scenario valid until now, waiting to head towards 17.43 that represents the next main target. Therefore, we will continue to suggest the bullish trend for today […]

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Intraday technical levels and trading recommendations for EUR/USD for July 28, 2017

Monthly Outlook In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is projected toward 0.9450. In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500, which had been previously reached in August 1997. […]

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Technical analysis of USD/JPY for July 28, 2017

USD/JPY is expected to trade with a bullish outlook. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the upside bias. The relative strength index is mixed with a bearish bias. The upward potential is likely to be limited by the resistance at 111.40. Therefore, as […]

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NZD/USD Intraday technical levels and trading recommendations for July 28, 2017

Daily Outlook The NZD/USD pair has been trending up within the depicted bullish channel since January 2016. In November 2016, early signs of bullish weakness were expressed on the chart when the pair failed to record a new high above 0.7400. A bearish breakout of the lower limit of the channel took place in December […]

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Technical analysis of USD/CHF for July 28, 2017

Our targets which we predicted in Yesterday’s analysis has been hit. The pair broke above its key resistance at 0.9595 (the high of July 26), which is coming to the key support now. Both rising 20-period and 50-period moving averages are maintaining upside bias. The U.S. dollar pared losses seen in Asian trading hours and […]

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Technical analysis of GBP/JPY for July 28, 2017

GBP/JPY is expected to trade with a bullish outlook. The pair broke above its 20-period and 50-period moving averages and accelerated on the upside. The relative strength index is bullish above its neutrality level at 50 and lacks downward momentum. The rising 20-period moving average crossed above the 50-period one, which is positive and is […]

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Technical analysis of NZD/USD for July 28, 2017

NZD/USD is under pressure. Although the pair broke above the 20-period moving average, it is still trading below its declining 50-period moving averages, which plays a resistance role. The relative strength index is below its neutrality level at 50. Even though a continuation of the technical rebound cannot be ruled out, its extent should be […]

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EUR/CHF analysis for July 28, 2017

Recently, the EUR/CHF has been trading upwards. The price tested the level of 1.1379. According to the 15M time frame, I found broken intraday flat base, which is a sign that selling looks risky. The short-term trend is bullish and buyers are in control. Stochastic oscillator showing an oversold condition, which is a sign that […]

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GBP/USD analysis for July 28, 2017

Recently, the GBP/USD has been trading downwards. The price tested the level of 1.3051. According to the 30m time frame, I found a potential bearish flag in creation. There is also a hidden bearish divergence on the moving average oscilator. My advice is to watch for potential selling opportunities. The downward targets are set at […]

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Fundamental Analysis of USD/CHF for July 28, 2017

USD/CHF has been quite impulsively bullish recently as the CHF had a series of bad economic reports in comparison to USD. After a long streak of bearish pressure in the pair currently, some bullish pressure is observed which is expected to be a good counter move to turn the pair around. Today CHF KOF Economic […]

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Daily analysis of major pairs for July 28, 2017

EUR/USD: This is a bull market – as shown by the Bullish Confirmation Pattern on it. The price is currently around the resistance line at 1.1700, which is almost being breached the upside. After that, the next target would be the resistance line at 1.1750. USD/CHF: Perpetual weakness in CHF has helped the USD/CHF to […]

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Fundamental Analysis of EUR/CAD for July 28, 2017

EUR/CAD is currently residing inside a corrective volatile structure on the way to retest the 1.4730 level as resistance. EUR has been quite stronger due to positive economic reports published recently. Today EUR French Consumer Spending was published with a less deficit at -0.8% from the previous value of -0.9% which did not meet the […]

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Global macro overview for 28/07/2017

Global macro overview for 28/07/2017: The US Durable Goods Orders data has beat the market participants expectations. The June data of US Durable Good Orders surged to 6.5% from -0.1% a month ago, beating the expectations of 3.5%. The sub index of Durable Goods Orders Excluding Transport noted a slight 0.2% gain for the month […]

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Technical analysis of USDX for July 28, 2017

The Dollar index remains inside the bearish channel and it shows signs of rejection at the upper channel boundary. A new low might be close by. The Dollar is way oversold with glaring bullish divergence signs. Dollar bears need to be very cautious. Blue lines – bearish channel The Dollar index remains in a bearish […]

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Technical analysis of gold for July 28, 2017

The GOLD price made a new higher high yesterday and remains in a bullish trend. The Gold price is breaking above the $1,250-60 resistance area and is heading towards the long-term resistance at $1,280-90. The Gold price is trading above both the tenkan- and kijun-sen. There are initial signs of a bearish divergence but the […]

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Burning forecast: US GDP at 13.30 London time

Burning forecast: US GDP at 13.30 BST US GDP (change in %% APR). The forecast is + 2.6%. The previous value is + 1.4%. The range of forecasts is +2.2 + 3.2% GDP inflation (deflator). The forecast is + 1.2%. Prev + 1.9%. Why is it important? GDP is the main integral indicator of the […]

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Trading plan for 07/28/2017

Trading plan for July 28, 2017 Overall picture: The trend against the dollar stopped. Markets are defined by direction. On Thursday, important events took place on the market. Unexpectedly, the report on orders for durable goods in the US came very strong, much better than forecasts. The growth of total orders is + 16% to […]

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Trading plan for 28/07/2017

Trading plan for 28/07/2017: On Friday 28th of July, the event calendar is busy with important economic releases. At the beginning of the London session, France will present the Preliminary GDP, Consumer Spending, and Consumer Price Index data. After that Spain will post its GDP and Consumer Price Index data as well. Switzerland will post […]

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USD, GOLD & Interest Rates: A Triangle to Watch Out For

If you spend enough time observing the market you will realize that action and reaction cause most of market movements. If you take a closer look you will see that three names seem to always appear close to each other when you read your daily market news. The US dollar, better known to traders as […]

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