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GBPUSD: The pair continues to see price hesitation below its key resistance at 1.3337 level. However, while that resistance remains unbroken, we could see the pair weaken. Support lies at the 1.3250 level where a break will turn attention to the 1.3200 level. Further down, support lies at the 1...
Analytics & Forecasts
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FXTechstrategy.com, 16 October 2017, 15:56
The focus of traders trading in the British pound, this week will be the publication of important macro data on the UK. On Tuesday (08:30 GMT), a block of inflation indicators for the UK for September (indices of producer prices, consumer price indices) will be published...
Analytics & Forecasts
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TifiaFX, 16 October 2017, 14:09 #fundamental analysis
Where will it stop? (Yann Quelenn ) • Bitcoin is definitely on a strong momentum. Strong support stands very far at 2975 (22/08/2017 low). Bitcoin si ready to set up new all-time high. The road is wide open for further increase. In the short-term, the digital currency should monitor $6000...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:55
Riding the range. (Yann Quelenn ) • Crude oil is pushing higher within a range defined by the support at 50.43 and the strong resistance lies at 52.86 (28/09/2017). Expected to show continued increase within this range. • In the long-term, crude oil has recovered after its sharp decline last year...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:52
Higher. (Yann Quelenn ) • Silver has further improved as can be seen by the new resistance at 17.43 (13/10/2017 high). The precious metal keeps on trading above $17. Hourly support can be found at 16.13 (06/10/2017 low). Expected to show further increase...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:50
Breaking 1300. (Yann Quelenn ) • Gold is back to bullish. The precious metal is way into an uptrend channel. Hourly support is given at 1291 (13/10/2017 low). Strong support lies at a distance at 1204 (10/07/2017 high). Expected to show continued bullish pressures...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:49
Likely to further decrease. (Yann Quelenn ) • EUR/CHF still lies in a bullish trend. Yet, downside pressures are likely to accelerate. Strong resistance lies at a distance at 1.1623 (22/09/2017 high). Support is given at 1.1388 (02/09/2017 low). Downside risk is very likely...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:47
Bearish pressures. (Yann Quelenn ) • EUR/GBP's weakness is only a consolidation. The pair is back below former resistance at 0.8899 (19/09/2017 low). The very short-term technical structure is now biased to the upside. Hourly support is given at a distance at 0.8746 (27/09/2017 low...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:44
Consolidating below 0.79. (Yann Quelenn ) • AUD/USD has surged and is now pausing below 0.7900. Hourly resistance is given at 0.7897 (13/10/2017 high). Support lies at at 0.7733 (06/10/2017 low). Expected to show continued increase. • In the long-term, the trend is turning positive...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:43
Middle of rising channel. (Yann Quelenn ) • USD/CAD continues to bounce within uptrend channel. Strong support is located at a distance at 1.2062 (08/09/2017 low). Hourly support lies at 1.2331 (26/09/2017 high). Resistance is given at 1.2663 (31/08/2017 high...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:41
Pushing higher. (Yann Quelenn ) • USD/CHF is trading within uptrend channel, Hourly support stands at 0.9712 (12/10/2017 low). The technical structure suggests an improving short-term buying interest. Expected to show continued bullish pressures within uptrend channel...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:40
Edging lower. (Yann Quelenn ) • USD/JPY keeps on declining. The pair is trading around 112.00. Strong hourly resistance is given at 113.44 (06/10/2017 high). Support is located at 111.12 (20/09/2017 low...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:38
Continued increase. (Yann Quelenn ) • GBP/USD continues to rise after the break of falling channel. A support can be found at 1.3122 12/10/2017 low). Hourly resistance stands at 1.3338 (13/10/2017 high). • The long-term technical pattern is reversing...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:36
Increasing selling pressures. (Yann Quelenn ) • EUR/USD momentum is reversing since the pair has set up an hourly resistance at 1.1878 (12/10/2017 high). Strong support is given at a distance at 1.1662 (17/08/2017 low). Expected to show some short-term consolidation...
Analytics & Forecasts
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Jiming Huang, 16 October 2017, 13:34
We welcome you to a new trading week, where trading conditions are hopefully better and more favorable for day traders. As for the U.S. dollar, there was little consistency in its performance in recent days while traders had to struggle with false breakouts and unsteady financial markets...
Analytics & Forecasts
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maimarfx, 16 October 2017, 12:40 #inflation, GBP/USD, EUR/USD
Content courtesy of Tallinex Limited https://www.tallinex.com Here is the market outlook for this week: EURUSD Dominant bias: Bullish Price went up last week, creating a short-term bullish signal before a correction occurred on Friday. This week, movement above the resistance line at 1...
Analytics & Forecasts
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XWigjmMN, 16 October 2017, 08:22
Under the past weeks I've been posting a dollar reversal scenario, this week we are closer to that output. EUR/USD -0.10% broke a 6 month support uptrend on late September. Oscilators on 1W chart were showing enough strengh to break support line and it happend...
Analytics & Forecasts
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Jesus Aldana, 15 October 2017, 20:32
Under the past weeks I've been posting a dollar reversal scenario (https://www.investing.com/analysis/us-index-brent-stocks-weekly-analysis-200217789), this week we are closer to that output. US Index broke a 6 month resistance downtrend on late September...
Analytics & Forecasts
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Jesus Aldana, 15 October 2017, 20:30
EURUSD: With the pair taking back its previous week losses at the end of the week, more recovery could be seen. However, beware of correction pullback. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level...
Analytics & Forecasts
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FXTechstrategy.com, 15 October 2017, 14:46
Hello traders, Here is a trade plan for EURAUD next week. I prepared Swing trade plan on the Actual Support, that we expected price will bounces fast at that levels. This screenshot has many words to explain, and...
Analytics & Forecasts
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Yohana Parmi, 14 October 2017, 21:39 #resistance, support