Articles by Forex analysis review

The price has reversed perfectly from our selling area and is approaching our profit target. We remain bearish below 0.7290 resistance (Fibonacci retracement, horizontal pullback resistance) for a further push down to at least 0.7223 support (Fibonacci…

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The price has dropped perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 0.7846 (Fibonacci retracement, horizontal pullback support) for a push up to at least 0.7938 resistance (Fibonacci retrace…

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When the European market opens, some Economic Data will be released, such as Current Account and German PPI m/m. The US will release the Economic Data, too, such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment, so, amid the repo…

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In Asia, today Japan will not release any Economic Data but the US will release some Economic Data, such as Prelim UoM Inflation Expectations and Prelim UoM Consumer Sentiment. So, there is a probability the USD/JPY will move with low to medium volatil…

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Overview:
The USD/CHF pair continues moving upwards from the spot 0.9639. The bias remains bullish in the nearest term testing 0.9763 or 0.9800.
The market has been trading around the area of 0.9639/0.9600 this week. The pair rose from the levels of…

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Overview:
The NZD/USD pair probably is moving towards the resistance area of 0.7329-0.7360 in order to fall again from the level of 0.7329 (the level of 0.7329 coincides with the ratio of 38.2%). Often, history will repeat itself again. However, the f…

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The Dollar index remains in a bullish short-term trend. Price is making higher highs and higher lows. However, the momentum is not as strong as we expected and this could imply that another strong downward move towards 91 could come soon.Red lines – bu…

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The Gold price remains in a short- and medium-term trend, while in a process of turning longer-term trend to bullish too. The price has broken an important long-term trend line resistance coming from its all time highs. This resistance gave many reject…

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