Articles by Forex analysis review

Global macro overview for 18/08/2017:Increasing risk aversion is again becoming a leading reason behind the current financial markets behavior. The positive result season in the US has encouraged the continuation of the indexes to a historic high, but …

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Global macro overview for 18/08/2017:The release of European Central Bank Meeting Minutes has raised some concerns. According to the statement, the were concerns over possible market overshooting, especially in the currency markets. Moreover, there wer…

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Overall picture: ECB and market reaction.The main events are focused on the US market, which showed a sharp decline to -1.2-1.5% on the indices. Currency market: The ECB stimulate the rate of EURUSD.The publication of the ECB’s protocols revealed that …

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Trading plan for 18/08/2017:The US Dollar is losing against all major currencies. The strongest are GBP, JPY, and SEK. The global investors are shocked after yesterday’s attacks in Barcelona: Gold lost 0.1%, Silver is down 0.35%. On the Asian stock mar…

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Wave summary: If a clear break above 1.6236 is not seen soon, we will likely see a deeper correction closer to 1.5928 before the next impulsive rally higher. Only a clear break above 1.6236 confirms the next leg higher towards 1.6969 with minor resista…

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Wave summary:The break below support at 128.89 told us the corrective decline in wave X was not complete and more downside closer to 127.19 and maybe even closer to 125.08 could be seen. Continue to look lower as long as minor resistance at 129.16 is a…

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EUR/USD: The EUR/USD has only consolidated so far this week, with no much directional movement. The market is quite choppy right now, and it would make sense to stay away from it until the price goes above the resistance line at 1.1800 or below the sup…

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The price is seeing major support at 1.1691 (Fibonacci extension, horizontal swing low support) and we expect to see a bounce above this level towards 1.1795 resistance (Fibonacci retracement, horizontal swing high resistance).Stochastic (55,5,3) is se…

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The price has crept closer to our major buying area since yesterday. We prepare to buy above major support at 0.9598 (Fibonacci retracement, horizontal overlap support, bullish divergence) for a push up to at least 0.9697 resistance (Fibonacci retracem…

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