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Forex - EUR/USD Technical Analysis (Euro / US Dollar)
The pair EUR/USD has faked last friday the breakout of the support at 1.27 and is currently testin a pullback on 1.28. The pair is still moving below the lower band of its bearish channel (purple line). A paralell of this bearish channel is acting as resistance (pink line). All indicators are still bearish. We continue to advise short positions as far as 1.28 is resistance. A return below 1.
Read more...Forex - EUR/GBP Technical Analysis (Euro / British Pound)
The pair EUR/GBP has validated on friday a return above 0.8050. The pair is still moving into a bearish channel (purple paralell lines). We are neutral between 0.8050 and 0.81. We advise to wait an exit of this range to take position: - Long above 0.81. The breakout of 0.8150 will give a new buy signal. - Short below 0.8050. The breakout of 0.80 will give a new sell signal.
Read more...Forex - AUD/USD Technical Analysis (Australian Dollar / US Dollar)
The pair AUD/USD found support on 0.98 last friday. The pair continues to move on the lower band of its bearish channel (purple lines). All indicators are bearish. We continue to advise short positions as far as 0.9950 is resistance. The breakout of 0.98 will give a new sell signal and open the way towards 0.97. In case of return above 0.9950, we will wait the breakout of 1.
Read more...Forex - EUR/JPY Technical Analysis (Euro / Yen)
The pair continues to move on the lower band of its bearish slant (purple line). The pair is still testing the support at 102. All indicators are bearish. We continue to advise short positions as far as 103.67 is resistance. The breakout of 102 will give a new sell signal and open the way towards 101. In case of return above 103.67, we will wait the breakout of 104.45 to advise long positions.
Read more...Forex - XAU/USD (Gold) Technical Analysis
The gold is currently making a pullback on the resistance at 1550 points. The pair continues below the lower band of its medium term bearish channel (purple lines). Indicators stay globaly bearish. We maintain to trade only short positions as far as 1577 points is resistance. The breakout of 1520 will both a new sell signal and open the way towards 1500 points.
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