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Tuesday, August 30, 2016

Daily Report in FOREX ..

Daily  Report in FOREX by  instaforex

EUR/USD: There is a bearish signal on EUR/USD, which has come into place since last Friday. Bears might be able to target the support lines at 1.1150, 1.1100 and 1.1050 this week. In this market, any short-term rallies that occur should be taken as opportunities to go short. 

Thursday, August 25, 2016

Gold's weekly candle is bearish and shows signs of a ... Read more ..

Daily  Report Gold by  instaforex

Gold price has broken through $1,330 yesterday confirming our bearish view after the backtest of the broken triangle. 

Tuesday, August 23, 2016

EUR/USD - Price is testing the previous high but bulls need to be cautious ... Read more ..

Daily  Report EUR/USD by  instaforex

EUR/USD remains inside the bullish short-term channel as I expected from my latest analysis targeting 1.1380 at least. Yesterday I said that the most probable outcome will be one more new high at least and this is what we are seeing now.

Friday, August 5, 2016

The weekly candle is shaping up to be a nice bullish reversal signal ... Read more .. USDX

Daily  Report USDX by  instaforex

The Dollar index is rising after reversing from the 95 level and has crossed above short-term resistance levels. However price has still more obstacles ahead in order to confirm an important low is in. 

USD/CHF is expected to trade with a bullish bias... Read more ..

Daily  Report USD/CHF by  instaforex

USD/CHF is expected to trade with a bullish bias. The pair is trading above its 20-period and 50-period moving averages, which are playing support roles. 

The market is still trading below the weekly pivot at the level of 1.3081 and below the dashed intraday trend line .. Read more..rate USD/CAD

Daily  Report USD/CAD by  instaforex

For the second time the market has tested the intraday support at the level of 1.3000 and still this support is not clearly violated. 

If bulls manage to push the prices higher, then the next resistance is.. Read more .. rate AUD/USD

Daily  Report AUD/USD by  instaforex

The Reserve Bank of Australia quarterly statement on monetary policy was released overnight and it reveals some interesting conclusions. First, RBA projects the underlying inflation to remain under 2 pct for much of forecast period, reach 2 pct by end 2018. 

Tuesday, August 2, 2016

The pair has finally found support at fibonacci 0.618 retracement of the rally between 1.2500 through 1.3200 level.. Read more.. rate GBP/CHF

Daily  Report GBP/CHF by  instaforex

The GBP/CHF pair has dropped to fresh lows at 1.2720/30 levels today. The pair has bounced back higher again and is seen to be trading at 1.2790 level at this moment.

Bearish persistence below 1.3000-1.2970 (61.8% Fibonacci level) was needed to enhance bearish momentum in the market... Read more .. rate USD/CAD

Daily  Report USD/CAD by  instaforex

On May 16, a bullish pullback towards 1.3000 (61.8% Fibonacci level) was expected to offer a valid signal to sell the USD/CAD pair. 

There is a high possibility that the market is waiting for fundamental news to trigger another .. Read more.. rate GBP/USD

Daily  Report GBP/USD by  instaforex

Another post-Brexit important economic indicator will be released later on today in the United Kingdom and this time, it is a Construction PMI. 

A new high is not ruled out as long as price is holding above $1,345-50 ... Read more .. Gold

Daily  Report Gold by  instaforex

Gold price is consolidating near its recent highs around $1,350. Short-term support is held and the trend is bullish as long as price is above $1,345.