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Quotes of #Gold continue to fluctuate in a narrow trading range with a tendency to increase. It is recommended to stay out of the market before the price leaves the range of $1190-1260 per troy ounce. Find out more by checking out the Source Link...
#EURUSD continues to trade within a downward price channel. The disappointing consumer price index in the euro zone gives a reason to expect an extension of the current quantitative easing program at the next ECB meeting. Find out more by checking out the Source Link...
GOLD: With GOLD reversing its Friday losses on Monday, a build up on that gain is likely. However, it remains trapped within its consolidation, leaving directional move a challenge. On the downside, support comes in at the 1220.00 level where a break will turn attention to the 1210.00 level...
Technical Analysis of USD/CAD for March 1, 2016 01 Maret 2016 2:40 PM General overview for 01/03/2016: The projected target levels for wave (b) blue has not been hit so far and the market is starting to reverse lower sooner than expected...
US ISM Manufacturing (Feb) - Tue 3/1 - 10:00 AM ET BofAML: The ISM manufacturing index should inch lower in February to 48.0 from 48.2 previously. This would indicate another month of deteriorating manufacturing conditions, amid a still-strong dollar and sluggish global backdrop...
Analysis : Channel Down identified at 01-Mar-04:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.715 within the next 5 hours. Resistance Levels : ( B ) 0.7154Last resistance turning point of Channel Down. Support Levels...
EUR/USD has been range-bound over the last few months but we continue to believe the range is likely to break to the downside...
EUR/USD: Bearish: Bearish for a modest target of 1.0810. We just turned bearish EUR yesterday and there is no change to the view. As mentioned, we have a modest target of 1.0810 with a stop-loss at 1.1030 even though 1.0965 is already a strong resistance. Overall, only a move back above 1...
Technical Analysis of EUR/JPY for March 1, 2016 01 Maret 2016 2:34 PM General overview for 01/03/2016: Let's take a look at the higher time frame technical picture and Elliott wave count for this pair. In a daily time frame, we can see a complex corrective structure labeled as ABC-X-ABC pattern...
Our trade call is to sell Cable on a Manufacturing PMI reading below 51. Both stop-loss and take-profit approximately equal the ADR of 140 pips, but both should be set above significant levels of support or resistance...
Technical Analysis of EUR/USD for March 01, 2016 01 Maret 2016 9:17 AM When the European market opens, some economic news will be released such as Unemployment Rate, Italian Monthly Unemployment Rate, Final Manufacturing PMI, German Final Manufacturing PMI, German Unemployment Change, French Fina...
Technical Analysis of USD/JPY for March 01, 2016 01 Maret 2016 9:16 AM In Asia, Japan will release the 10-y Bond Auction, Final Manufacturing PMI, Capital Spending q/y, Unemployment Rate, and Household Spending y/y...
Daily analysis of major pairs for March 1, 2016 01 Maret 2016 6:29 AM EUR/USD: The EUR/USD pair traded further south on Monday, making more conspicuous the bearish movement that started a few weeks ago...
Business activity in China's industrial sector remains below the level of 50 that is considered to be contraction. Another portion of weak statistics gives reason to expect new stimulus moves by the People's Bank of China. Find out more by checking out the Source Link...
Yen Drops Against Majors 01 Maret 2016 1:50 PM The yen weakened against the other major currencies in the late Asian session on Tuesday. The yen fell to 122.76 against the euro, 113.07 against the Swiss franc and 157.27 against the pound, from an early 3-year high of 122.07, a 1-week high of 112...
Fxwirepro: NZD/JPY Extends Range Trade, Weakness Only Below Trendline Support at 73.60 01 Maret 2016 1:18 PM NZD/JPY remains stuck in its multi-week range of 76.84-73.54 although recent signs point to a test of the downside ahead...
EUR/GBP Eases Towards 0.78 Ahead of UK, EMU Data 01 Maret 2016 6:28 AM The better tone around the sterling has prompted EUR/GBP to extend its correction lower to the 0.7800 neighbourhood on Tuesday...
EUR/USD Flat-Lined Around 1.0885, Awaits German Data 01 Maret 2016 6:12 AM The EUR/USD pair extends its consolidative phase into early Europe and keeps range below 1.09 handle, largely unperturbed by the prevalent risk-sentiment. EUR/USD capped below 100-DMA at 1...
Daily Forecast GOLD 1/3/2016 On the h1 chart, having the shark harmonic pattern formed a reversal is in sight. If thes ituation continues, we will have more drops coming in the market. Best of luck to all the members of MyForexOffice. Description Analyzer : http://myforexoffice...
