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Forex - XAU/USD (Gold) Technical Analysis
The pair XAU/USD took up its bullish movement yesterday and is currently testing the resistance at 1.750 points. The pair XAU/USD continues to move on the upper band of its long term bullish channel (long term analysis). All indicators are bullish. We continue to advise long positions as far as 1720 points is support. The breakout of 1750 and 1800 points will both give a new buy signal.
Read more...Forex - USD/JPY Technical Analysis (US Dollar / Yen)
The pair USD/JPY got out yesterday of its range 76.50/76.80 from the top, giving us a buy signal. The resistance at 79.96 has been also broken. All indicators are bullish. We continue to advise long positions as far as 76.65 is support. The breakout of 77.20 will give a new buy signal and open the way towards 77.44. In case of return below 76.65, we will be neutral between 76.50 and 76.80.
Read more...Forex - EUR/USD Technical Analysis (Euro / US Dollar)
The pair EUR/USD has validated yesterday the breakout of the resistance at 1.32, offering a new buy signal. All indicators are bullish. We continue to advise long positions as far as 1.3150 is support. The breakout of 1.33 will give a new buy signal and open the way towards 1.34. In case of return below 1.3150, we will wait the breakout of 1.31 to advise short positions.
Read more...Forex - GBP/USD Technical Analysis (British Pound / US Dollar)
The pair GBP/USD made yesterday a pullback on the support at 1.5750 and just tested its former bullish slant (black line) as resistance. Indicators are globaly bullish. We continue to advise long positions as far as 1.57 is support. The breakout of 1.5860 will give a new buy signal and open the way towards 1.60. In case of return below 1.57, we will be neutral between this level and 1.5670.
Read more...Forex - NZD/ USD Technical Analysis (New Zealand Dollar / US Dollar)
The pair NZD/USD has continued its bullish movement and the breakout of 0.83 gave us a new buy signal. Currently, the pair is testing the upper band of its bullish channel (black line). All indicators are bullish. We continue to advise long positions as far as 0.8238 is support. The breakout of 0.8350 and 0.84 will both give a new buy signal. In case of return below 0.
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