May 2016

(time / country / index / period / previous value / forecast) 01:00 Australia MI Inflation Gauge, m/m 0.0% 01:00 Australia HIA New Home Sales, m/m March -5.3% 01:45 China Markit/Caixin Manufacturing PMI April 49.7 02:00 Japan Manufactu…

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We could be in front of a possible double bottom pattern on the H1 chart, where the USDX is finding strong support around the 93.72 level. However, this corrective move may be taken as a possible lower low pattern formation in order to extend the decli…

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GBP/USD has been dealing with the strong resistance around the 1.4633 level, in which a breakout could produce another rally to reach new lows, possibly toward the 1.4722 level, which is a key level for sellers, who are highly active. Another scenario …

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