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FxWirePro: BTC/USD Struggles to Close Above $470, Good to Sell on Rallies Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:53
Analysis : Channel Up identified at 17-May-16:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 108.45 within the next 2 days. Supporting Indicators : RSI above 60 Resistance Levels...
Charts
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Lahcene Ouled Moussa, 18 May 2016, 11:42
GBP/USD Forecast: Unmotivated by Mixed UK Data The American dollar traded generally higher across the board at the beginning of this Wednesday an ahead of the FOMC Minutes, although the GBP/USD pair held within a tight range ahead of the release of UK employment data, which resulted overall mixed...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:20
Bears in #EURUSD show serious intentions to break the support line. It is recommended to stay out of the market prior to the #Fed meeting minutes. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 18 May 2016, 11:19 #Trading
#USDCAD has left borders of the consolidation pattern "symmetrical triangle", which indicates the future direction of the movement. There are two trading tactics to choose – more or less conservative. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 18 May 2016, 11:16 #Trading
Sell the Rallies in USD/CAD – Westpac Strategists at Westpac have recommended selling the pair on upticks to the 1.3000 mark. Key Quotes “Oil price gains leaving CAD in its wake, the former suggesting USD/CAD is more fairly valued nearer 1.25 whereas USD/CAD if anything is threatening 1.30...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:16
ECB’s Villeroy: If Required by Brexit, ECB Ready to Act If Call On Additional comments crossing the wires from ECB governing council member Villeroy: Monetary policy to boost inflation by 0...
Currency
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Roberto Jacobs, 18 May 2016, 11:14 #ECB
Rallies in EUR/USD to Find Resistance at 1.1465/95 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerbank, sees bullish attempts in EUR/USD facing the initial resistance in the 1.1465/95 region. Key Quotes “Rallies are expected to remain muted (initial resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:10
EUR/GBP Muted Reaction to UK Jobs Data, awaits EU CPI Print The EUR/GBP pair broke through 0.7800 handle after the release of UK employment figures that portrayed better-than-expected picture of the UK labor market...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:05
GBP/USD Points to Rangebound Between 1.4300 and 1.4550 – UOB The research team at UOB Group expects GBP/USD to trade in a 1.4300-1.4550 range in the next 1-3 weeks. Key Quotes “GBP touched a high of 1.4524 but eased off quickly...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 11:02
GBP/USD Ignores UK Data, Drops to 1.4420 A brief knee-jerk following UK releases saw GBP/USD reaching 1.4450/55, although the up move proved to be short-lived. GBP/USD offered despite upbeat results After dipping to the area of 1.4420, spot has managed to regain 1...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 10:59
Brexit: Is Hope a Strategy? – Greenwich Associates Research Team at Greenwich Associates, suggests that as the world moves closer to the U.K referendum on continued EU membership on June 23, what once seemed a remote possibility now seems increasingly likely—or at least possible...
Currency
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Roberto Jacobs, 18 May 2016, 10:56
Iron Ore, Steel Price Jumped Thanks to China Iron ore and Steel had their best rally in years, till April, where iron ore prices rose more than 70%, from their December bottom and Steel price rose from Yuan 1580 per ton in December, last year to Yuan 2870 per ton in April...
Market News
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Roberto Jacobs, 18 May 2016, 10:53
Technical Analysis of Silver for May 18, 2016 Technical outlook and chart setups: Silver is seen to be trading at $17.03 levels. It can produce intraday rallies but remain in control of bears till prices remain below $18.00 levels. The metal dropped lower towards $16...
Technical Analysis of Gold for May 18, 2016 Technical outlook and chart setups: Gold is seen to be setting up for a continued drop towards $1,237.00 and lower levels. The yellow metal is trading at $1,272.00 levels at the moment, and might test $1,282...
Elliott Wave Analysis of EUR/NZD for May 18 - 2016 Wave summary: With a low at 1.6538, we are now looking for a break above the minor resistance line near 1.6675 to confirm that the correction from 1.6931 is over and a new impulsive rally towards 1.7254 is developing...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 10:43
Elliott Wave Analysis of EUR/JPY for May 18 - 2016 Wave summary: With a low at 122.93 or exactly the 78.6% correction of red wave [i], we expect red wave [ii] will be in place for the next impulsive rally above minor resistance at 123.55 and, more importantly, above resistance at 124...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 10:40
FxWirePro: EUR/SEK Remains Well Supported Below 9.35, Intraday Bias Remains Bearish EUR/SEK is currently trading around 9.3353 levels. It made intraday high at 9.3442 and low at 9.3285 levels. Intraday bias remains bearish for the moment. A sustained break above 9.35 tests key resistances at 9...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 10:36
FxWirePro: Dax Faces Strong Resistance 10200, Good to Sell on Rallies Major resistance- 10200 (200 day MA) Major support -9750 DAX has made a high of 10110 (May 10th 2016) and declining from that level. It is currently trading around 9816. Short term trend is low as long as resistance 10200 holds...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 10:33
USD/JPY, EUR/SEK, 1H Chart: Channel Up EUR/SEK 1H Chart: Channel Up Comment: EUR/SEK formed the channel soon after a test of 9.16—a major demand area that was established a year ago and repeatedly confirmed thereafter...
Analytics & Forecasts
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Roberto Jacobs, 18 May 2016, 10:28