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Published post GBPUSD: Eyes Further Upside On Bull Pressure
GBPUSD: The pair closed strongly higher the past week and looks to extend that strength in the new week. On the downside, support lies at the 1.2700 level where a break will turn attention to the 1.2650 level. Further down, support lies at the 1.2600 level...
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Published post EURUSD Retains Recovery Threats With Eyes On 1.0759 Zone
EURUSD: The pair continues to seek for recovery though closing marginally higher on Friday. On the down, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Conversely, on the upside, resistance comes in at 1...
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Published post CRUDE OIL: Extends Bullish Offensive On Rally
CRUDE OIL: With the commodity rallying for two days in a row, more price extension is likely in the days ahead. On the downside, support resides at the 51.00 level where a break will expose the 50.00 level. A cut through here will set the stage for a run at the 49.00 level...
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Published post EURJPY: Resumes Its Medium Term Uptrend
EURJPY: The pair resumed its medium term on Wednesday leaving risk of additional strength on the cards in the days ahead. On the downside, support comes in at the 120.00 level where a break will aim at the 119.50 level. A turn below here will target the 119...
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Published post EURUSD Rejects Higher Level Prices With Risk More Weakness Envisaged
EURUSD: The pair continues to retain its broader downside pressure having rejected higher prices on Monday. This development leaves EURUSD vulnerable to the downside in the days ahead. On the down, support lies at the 1.0550 level where a violation will aim at the 1.0500 level...
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Published post GOLD: Follows Through Higher On Recovery Higher
GOLD: The commodity strengthened on the back of its Friday rejection candle on Monday. This has left it targeting further upside pressure in the days ahead. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level...
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Published post EURUSD: Halts Weakness, Recovery Risk Remains On The Cards
EURUSD: The pair continues to retain its broader downside pressure but faces corrective recovery threats in the new week after halting its broader weakness the past week. On the down, support lies at the 1.0500 level where a violation will aim at the 1.0450 level...
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Published post USDCHF: Loses Upside Momentum, Eyes 1.0091 Level
USDCHF: The pair remains biased to the downside on corrective weakness threats having followed through lower during Friday trading session. On the downside, support lies at the 1.0100 level. A turn below here will open the door for more weakness towards the 1.0050 level and then the 1.0000 level...
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Published post GOLD: Weakens On Sell-Off, Resumes Trend
GOLD: Having the commodity sold off strongly on Wednesday, further weakness is likely. On the downside, support comes in at the 1,180.00 level where a break will turn attention to the 1,170.00 level. Further down, a cut through here will open the door for a move lower towards the 1,160.00 level...
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Published post GBPUSD: Recovers Higher With Eyes On 1.2591 Zone
GBPUSD: The pair closed higher on Monday leaving risk higher in the days ahead. On the downside, support lies at the 1.2450 level where a break will turn attention to the 1.2400 level. Further down, support lies at the 1.2350 level. Below here will set the stage for more weakness towards the 1...
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Published post GOLD: Looks To Decline Further On Bearishness
GOLD: Having the commodity closed lower the past week, further bearishness is envisaged. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level...
FXTechstrategy.com
Published post EURUSD: Sees Price Extension On Bear Pressure
EURUSD: The pair weakened further the past week leaving risk lower in the new week. On the down, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. Its weekly RSI is bearish and pointing lower suggesting further weakness...
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Published post GOLD Puts In Temporary Bottom
GOLD: Having halted its downside pressure to close higher on Tuesday, further recovery is expected. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level...
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Published post GOLD: Risk Remains Lower On Additional Bear Pressure
GOLD: Risk Remains Lower On Additional Bear Pressure GOLD: Having retained its downside pressure, more weakness is likely. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level...
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Published post EURUSD Looks To Weaken Further With Eyes On 1.0800 Zone
EURUSD: The pair retains its downside pressure as we enter a new week. This development leaves risk lower. On the down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level...
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Published post USDCHF Faces Further Upside Pressure On Price Rejection
USDCHF: The pair faces further upside pressure after closing higher the past week. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level. On the upside, resistance resides at the 0...
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Published post GBPJPY Rallies On Strength With Eyes On The 135.00 Zone
GBPJPY: The cross remains on recovery after rejecting lower level prices on Wednesday. On the downside, support comes in at the 133.00 level where a violation will aim at the 132.00 level. A break below here will target the 131.00 level followed by the 130.00 level...
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Published post EURUSD Looks To Weaken Further On Bear Pressure
EURUSD: The pair rejected its intra day gains to close lower on Thursday. This development leaves risk lower in the days ahead. On the down, support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0800 level...
FXTechstrategy.com
Published post GOLD Risk Turns Lower On Bear Pressure
GOLD: Having rejected higher prices on Monday, further weakness is likely. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level...
FXTechstrategy.com
Published post GOLD Pushes Higher On Bull Pressure
GOLD: Having held on to its upside pressure, more recovery is envisaged. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 level...