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EURJPY declines with eyes on 121.76 support zone as it holds on its bear pressure. On the downside, support comes in at the 121.00 level where a break if seen will aim at the 120.50 level. A cut through here will turn focus to the 120.00 level and possibly lower towards the 119.50 level...
Analytics & Forecasts
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FXTechstrategy.com, 2 July 2019, 18:48
The Reserve Bank of Australia (RBA) reduced its official Cash rate (OCR) by 25bp taking the policy rate down to a low of 1.00%. Expectations for the move were balanced as Governor Lowe was worried about labor market developments, soft consumption, weak inflation outlook, and macro headwinds...
Market News
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Jiming Huang, 2 July 2019, 13:56
Over a month has passed since European Parliament successors have been elected while newly elected 28 national leaders from Europe Commission, which already gathered three times this year to elect their President, could not come up with a final decision so far, an unusual case which confirms that...
Market News
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Jiming Huang, 2 July 2019, 13:54
The US dollar vs. the Japanese yen currency pair bounced off strongly from the 106.88 support, leading to the question whether it's a correction of the descending trend or the first sign of its impending change...
Analytics & Forecasts
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Dorin Petre Rosu, 2 July 2019, 12:04 #usd/jpy
Is EG keep going down? The Forecast is yes, let's read the market: 1. We have hit resistance four times 2. We have hit Support and Fib but with high down volumes 3. High Down volumes 4. Very High Down Volume wave...
Analytics & Forecasts
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Panagiotis Diamantopoulos, 2 July 2019, 09:53
Pivot (invalidation): 59.30 Our preference Short positions below 59.30 with targets at 58.35 & 57.95 in extension. Alternative scenario Above 59.30 look for further upside with 59.75 & 60.25 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:23
Pivot (invalidation): 15.2200 Our preference Short positions below 15.2200 with targets at 15.1000 & 15.0500 in extension. Alternative scenario Above 15.2200 look for further upside with 15.2800 & 15.3400 as targets...
Analytics & Forecasts
  • 49
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Jiming Huang, 2 July 2019, 09:21
Pivot (invalidation): 1396.00 Our preference Short positions below 1396.00 with targets at 1382.00 & 1373.00 in extension. Alternative scenario Above 1396.00 look for further upside with 1405.00 & 1415.00 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:19
Pivot (invalidation): 2944.00 Our preference Long positions above 2944.00 with targets at 2977.50 & 3000.00 in extension. Alternative scenario Below 2944.00 look for further downside with 2930.00 & 2912.00 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:17 #S&P 500
Pivot (invalidation): 12480.00 Our preference Long positions above 12480.00 with targets at 12620.00 & 12690.00 in extension. Alternative scenario Below 12480.00 look for further downside with 12400.00 & 12309.00 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:15 #dax
Pivot (invalidation): 5.6830 Our preference Short positions below 5.6830 with targets at 5.6120 & 5.5970 in extension. Alternative scenario Above 5.6830 look for further upside with 5.7040 & 5.7280 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:13
Pivot (invalidation): 0.6990 Our preference Short positions below 0.6990 with targets at 0.6955 & 0.6940 in extension. Alternative scenario Above 0.6990 look for further upside with 0.7005 & 0.7020 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:11
Pivot (invalidation): 1.3110 Our preference Long positions above 1.3110 with targets at 1.3145 & 1.3160 in extension. Alternative scenario Below 1.3110 look for further downside with 1.3090 & 1.3075 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:09 #usd/cad
Pivot (invalidation): 0.9845 Our preference Long positions above 0.9845 with targets at 0.9885 & 0.9910 in extension. Alternative scenario Below 0.9845 look for further downside with 0.9825 & 0.9810 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:07
Pivot (invalidation): 108.15 Our preference Long positions above 108.15 with targets at 108.50 & 108.80 in extension. Alternative scenario Below 108.15 look for further downside with 107.95 & 107.75 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:04 #usd/jpy
Pivot (invalidation): 1.2670 Our preference Short positions below 1.2670 with targets at 1.2620 & 1.2600 in extension. Alternative scenario Above 1.2670 look for further upside with 1.2685 & 1.2705 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:02 #GBP/USD
Pivot (invalidation): 1.1305 Our preference Short positions below 1.1305 with targets at 1.1260 & 1.1240 in extension. Alternative scenario Above 1.1305 look for further upside with 1.1320 & 1.1335 as targets...
Analytics & Forecasts
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Jiming Huang, 2 July 2019, 09:00 #EUR/USD
GBPUSD backs off higher prices with eyes on 1.2600 on Monday. Support lies at 1.2600 as it looks for more weakness. Below that level will turn attention to the 1.2550 level. Further down, support comes in at the 1.2500 level where a break will turn focus to the 1.2450 level...
Analytics & Forecasts
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FXTechstrategy.com, 2 July 2019, 04:17
G20 meeting in Osaka prompted optimism all over the place. Major Asian stock markets closed above 2% across the board while European open is set for a rise as well. The greenback, as well as CNY are also gaining traction amid Trump – Xi meeting while the loonie is supported by surging oil prices...
Market News
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Jiming Huang, 1 July 2019, 15:07
Today is the 1st of July 2019. With a look at the Signal Strength Meter, I almost see no setups as it seems to be a slow Monday. But as you see in the image below, I came across a sell opportunity on GBPNZD...
Analytics & Forecasts
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Naim El Hajj, 1 July 2019, 13:46