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Tuesday, October 31, 2017

Gold - 31 Oct.- The trend remains bearish.. Read more ..

Daily  Report Gold by  instaforex

Gold price made a higher high in the very short term yesterday, breaking above and out of the downward sloping wedge, but price remains below the 4 hour Cloud resistance. The trend remains bearish.

EU Economy - Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and in the EU28..- Eurostat

Press Release - Preliminary flash estimate for the third quarter of 2017 GDP up by 0.6% in both the euro area and the EU28 +2.5% in both areas compared with the third quarter of 2016

 Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and in the EU28 during the third quarter of 2017, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat,

USD/CAD - 31 Oct. - Today is going to be a volatile day for CAD ..- Read more

Daily  Report USD/CAD by  instaforex

USD/CAD has been quite bullish recently which is currently quite corrective and showed some bullish rejections off the 1.2800-50 resistance area. USD has been positive with the economic reports which helped the currency to gain momentum against CAD.

Wednesday, October 25, 2017

Daily Report In FOREX - 25 Oct. - Trend remain Bullish for EUR/JPY ..- Read more

Daily  Report In FOREX by  instaforex

EUR/USD: The EUR/USD has not moved significantly this week. However, a movement that is directional is expected soon, which either would take price above the resistance line at 1.1850 or below the support line at 1.1700. Until one of the two boundaries are breached, the bias on the market would be neutral.

Tuesday, October 24, 2017

Gold -24Oct. - Next important resistance for bulls is at $1,290 - Read more..

Daily Report Gold by instaforex

The Gold price has broken out of the downward sloping wedge pattern but has stopped right at the short-term cloud resistance at $1,282. Price needs to break above $1,282 and especially $1,290 for any upward move to consider the start of the next upward move to $1,400.

USD/CHF - 24 Oct. - The market is still in an uptrend ..- Read more ..

Daily  Report USD/CHF by  instaforex

The USD/CHF pair continues to move upwards from the levels of 0.9744 and 0.9800. Hence, the spot of 0.9744 and 0.9800 represents strong support today. Since the trend is above this level, the market is still in an uptrend. 

Monday, October 23, 2017

EUR/USD - October 23 - If the pair succeeds to pass through the level of 1.1836, the market will indicate ... Read more

Daily  Report EUR/USD by  instaforex

Last week, the EUR/USD pair fell from the level of 1.1836 towards 1.1716. However, the trend rebounded to the key level around the spot of 1.1873/1.1800. Right now, the price is set at 1.1804.