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  • Analysis of gold for May 24, 2017

    Recently, the GOLD has been trading downwards. As I expected, the price tested the level of $1,248.00. Anyway, on the 15M time frame, I found a fake breakout of the yesterday’s low at the price of $1,249.80. There is also a hidden bullish divergence on the moving average osiclator, which is another sign of potential […]

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  • Ichimoku indicator analysis of gold for May 24, 2017

    GOLD price pulled back from $1,260 area as expected. Gold price could still move lower towards $1,240-45 area before the next upward move towards $1,280-$1,300. I do not see a deeper pullback at the moment at hand, so I will be waiting for an upward reversal that can come even this week. Gold price continues […]

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  • Technical analysis of USD/JPY for May 24, 2017

    In Asia, Japan will release the Flash Manufacturing PMI data, and the US will release some Economic Data, such as FOMC Meeting Minutes, Crude Oil Inventories, Existing Home Sales, and HPI m/m. So, there is a probability the USD/JPY will move with low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Resistance. 3: 112.37. […]

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  • Technical analysis of EUR/USD for May 24, 2017

    When the European market opens, some Economic Data will be released,such as Belgian NBB Business Climate, German 10-y Bond Auction, and GfK German Consumer Climate. The US will release the Economic Data, too, such as FOMC Meeting Minutes, Crude Oil Inventories, Existing Home Sales, and HPI m/m, so, amid the reports, EUR/USD will move in […]

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  • Technical analysis of USD/CHF for May 24, 2017

    Overview: The market is still set trader around the daily pivot point of 0.9739. Yesterday, it continued to move downwards from the level of 0.9787 to the bottom around 0.9739. Today, the first resistance level is seen at 0.9787 followed by 0.9847, while daily support 1 is seen at 0.9691. The USD/CHF pair broke support […]

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  • Technical analysis of NZD/USD for May 24, 2017

    Overview: On the one-hour chart, there is the USD/CHF pair bullish trend from the support levels of 0.6953 and 0.6985. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average (100), […]

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  • Analysis of Gold for May 23, 2017

    Recently, GOLD has been trading upwards. As I expected, the price tested the level of $1,263.75. Anyway, according to the 30M time frame, I found a fake breakout of yesterday’s high at the price of $1,262.60, which is a sign that buying today seems risky. There is also a hidden bearish divergence on the moving […]

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  • EUR/USD analysis for May 23, 2017

    Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1268. Anyway, according to the 30M time frame, I found a fake breakout of yesterday’s high at the price of 1.1264, which is a sign that buying today seems risky. There is also a hidden bearish divergence on […]

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  • Ichimoku indicator analysis of gold for May 23, 2017

    GOLD price remains just below the important resistance of $1,265 where the 61.8% Fibonacci retracement is found. Trend remains bullish but a pullback towards $1,250 is justified in the short term. As long as price is above $1,213, I expect Gold to reach $1,280-$1,300. Gold price continues to trade above both the tenkan- and kijun-sen […]

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  • Ichimoku indicator analysis of gold for May 22, 2017

    GOLD price is overbought in the short-term and justifies a pullback towards $1,240. It is important for Gold bulls to hold above $1,230 and create a new short-term base of a higher low in order to move above $1,280-$1,300 which is the long-term resistance. Gold price is trading above the Ichimoku cloud support. Price got […]

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  • Daily analysis of Gold for May 19, 2017

    Overview The GOLD price shows bullish bias after testing the critical resistance at 1,547.56, where the price is affected by positivity of stochastic and the EMA50. As long as the price stays below this level, the bearish bias will remain preferred; the price is likely to test 1,229.32 levels before it returns to resume the […]

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  • Analysis of Gold for May 19, 2017

    Recently, GOLD has been trading downwards. The price tested the level of $1,246.00. According to the 30M time frame, there is a fake breakout of yesterday’s low, which is a sign that sellers lost downward pressure. There is also a hidden bullish divergence on the ROC oscilator, which is another sign of strength. My advice […]

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  • Ichimoku indicator analysis of gold for May 19, 2017

    GOLD price as expected is pulling back from the important weekly resistance at $1,260. Bulls now we need to see a higher low relative to the May lows at $1,214. A corrective pullback that will not hurt the bullish scenario should hold above $1,234. Gold price is trading above the 4-hour cloud. Trend is bullish. […]

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  • Technical analysis of EUR/USD for May 19, 2017

    When the European market opens, the eurozone will post the reports on consumer confidence, current Account, and German PPI. At the same time, the US will not release any key econmic data. So, amid the reports EUR/USD will move with a low to medium volatility during this day. TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.1166. […]

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  • Technical analysis of USD/JPY for May 19, 2017

    Today, the economic calendars of Japan and the US are bereft of any first-tier news, so there is a probability the USD/JPY pair will move with low volatility during this day. TODAY’S TECHNICAL LEVELS: Resistance. 3: 111.75. Resistance. 2: 111.53. Resistance. 1: 111.31. Support. 1: 111.04. Support. 2: 110.83. Support. 3: 110.61. Disclaimer: Trading Forex […]

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  • Technical analysis of USD/CHF for May 19, 2017

    Overview: In the long term, the USD/CHF pair continues to move downwards from the level of 0.9893. The major resistance level is seen at 0.9850 followed by 0.9893 as second resistance. Also, the level of 0.9787 represents a weekly pivot point for that it will act as major level in coming hours. Amid the previous […]

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  • Technical analysis of NZD/USD for May 19, 2017

    Overview: The NZD/USD pair is still moving upwards from the area of 0.6876. Additionally, the first resistance level is seen at 0.6971 followed by 0.7014, while daily support 1 is found at 0.6876. According to the previous events, the NZD/USD pair is still moving between the levels of 0.6876 and 0.6971. As the price is […]

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  • Daily analysis of USDX for May 19, 2017

    USDX gained momentum during the afternoon in the American session on Thursday, following reports of a video where former-FBI director James Comey suggested that there were no obstructions to investigations ongoing. Currently, the index is supported by the 97.50 level and that zone should give up to extend the bearish momentum towards 96.90. To the […]

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  • Daily analysis of Gold for May 18, 2017

    Overview GOLD price managed to confirm the return to the main bullish channel after closing yesterday’s trade above 1,254.56 level. This reinforces expectations for a further bullish trend on the short-term basis. Besides, it provides signals of stopping the downward correction that set the tone for trading in the second half last month. Therefore, we […]

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  • Analysis of Gold for May 18, 2017

    Recently, GOLD has been trading upwards. As I expected, the price tested the level of $1,265.05. The metal tested my yesterday’s take profit level at $1,265.50. Anyway, today I found that price is having hard time to break above yesterday’s high, which is a sign that downward correction is possible. My advice is to watch […]

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  • Ichimoku indicator analysis of gold for May 18, 2017

    GOLD price has reached our target of $1,250-60 as we mentioned in our recent posts since price was trading just above $1,215. Now it is time for a pullback as price has reached important resistance levels. A shallow retracement will be a bullish sign. A sharp decline could be the start for a final decline […]

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  • Analysis of Gold for May 17, 2017

    Recently, GOLD has been trading upwards. As I expected, the price tested the level of $1,248.84. The price is heading higher since the breakout of a flat base in the background. My advice is to watch for buying opportunities. The upward target is set at the price of $1,264.50 (Fibonacci retracement 61.8%). Resistance levels: R1: […]

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  • EUR/JPY analysis for May 17, 2017

    Recently, the EUR/JPY pair has been trading downwards. The price tested the level of 124.54. Anyway, according to the 4H time frame, I found that yesterday’s low held successfully and that EUR/JPY is in a short-term uptrend. I added Bolinger Bands and price was rejected from the middle line, which is another sign of strength. […]

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  • Fundamental analysis of USD/CAD for May 17, 2017

    USD/CAD retraced towards 1.3600 after a surge towards 1.3800. The greenback is stronger than the Loonie on the back of some positive economic reports. Today we have the manufacturing sales report from Canada which is expected to be positive at 1.1% versus the previous reading of -0.2%. At the same time, the United States will […]

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  • Ichimoku indicator analysis of gold for May 17, 2017

    Short-term trend has changed to bullish in GOLD as price has broken out of the 4-hour cloud resistance as expected. Gold price is approaching our target area of $1,250-60 where the important medium-term resistance is found. Blue lines – bearish channel (broken) Gold price is breaking out above the Ichimoku cloud on the 4-hour chart. […]

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  • Daily analysis of Gold for May 16, 2017

    Overview The GOLD price keeps its stability above 1,229.32 levels and above the correctional bearish trend resistance keeping the bullish trend active for today. The price is likely to test 1,254.56 levels initially. A breach of this level will open the way to head towards 1,295.37 as the next main station. Therefore, we will continue […]

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  • Analysis of Gold for May 16, 2017

    Recently, GOLD has been trading upwards. As I expected, the price tested the level of $1,237.34. Anyway, I still epxect higher price. Today I found an open and dive type of trading, which is a bullish session type. In the background, I found a broken trading range, which is another sign of strength. The price […]

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  • Ichimoku indicator analysis of gold for May 16, 2017

    GOLD price is trading in a neutral zone inside the 4-hour Kumo. Trend has changed to neutral and price has bounced as we expected from the support area of $1,210-20. Blue lines -bearish channel Gold price has broken out of the bearish channel. Short-term resistance is at $1,242 and next at $1,250-60. As long as […]

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  • Global macro overview for 16/05/2017

    Global macro overview for 16/05/2017: The Reserve Bank of Australia Meeting Minutes did not trigger any dramatic turnaround in the AUD market. The general RBA’s point of view is still dovish and positive, but the risks around rapid house price growth remains a principal concern. It was clearly expressed in this passage: “Growth in housing […]

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  • Analysis of Gold for May 15, 2017

    Recently, GOLD has been trading sideways at the price of $1,228.00. According to the daily time frame, I found a broken sideways range today, which is a sign that selling looks risky. I also found hidden bullish divergence on the 2-period rate of change, which is another sign of strength. My advice is to watch […]

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