Category Archives: Forex analysis review

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GBP/USD bouncing above major support, remain bullish for a push up

The price has started to form a nice bullish configuration. We look to buy above major support at 1.3120 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.3236 resistance (Fibonacci retracement, Fibonacci extension, horizo…

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GBP/USD bouncing above major support, remain bullish for a push up

The price has started to form a nice bullish configuration. We look to buy above major support at 1.3120 (Fibonacci retracement, horizontal overlap support) for a push up to at least 1.3236 resistance (Fibonacci retracement, Fibonacci extension, horizo…

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AUD/USD right on major support, remain bullish for a bounce

The price has now formed an even stronger bullish reversal signal with our bullish divergence. We remain bullish looking to buy on dips above 0.7628 major support (Fibonacci extension, horizontal swing low support, Long-term Fibonacci retracement, bull…

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Brent accused of corruption

The growth of geopolitical tensions in the Middle East has become a catalyst for the rise of oil prices to its highest in 2.5 years. From the level of June lows, Brent added about 40% against the backdrop of information about mass sweeps in Saudi Arabi…

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Ichimoku indicator analysis of USDX for November 8, 2017

The Dollar index continues to trade sideways. The trend remains bullish as long as the price is above 94.20. The target of this uptrend remains at 95.50 while we could see an extension higher towards 96.50.The price is above the 4-hour cloud. The trend…

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Ichimoku indicator analysis of USDX for November 8, 2017

The Dollar index continues to trade sideways. The trend remains bullish as long as the price is above 94.20. The target of this uptrend remains at 95.50 while we could see an extension higher towards 96.50.The price is above the 4-hour cloud. The trend…

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Ichimoku indicator analysis of gold for November 8, 2017

The Gold price is in a neutral short-term trend as the price is inside the 4-hour Kumo (cloud). I continue to be a long-term Gold bull but as long as we trade below $1,284 there many chances of visiting the $1,240 area.Red line -RSI bullish divergenceB…

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Daily analysis of USDX for November 08, 2017

USDX remains in a range across the board, well supported by the 200 SMA at H1 chart. The resistance zone of 95.14 is helping to add further pressure and if it gives up, then another leg higher is expected to take place towards the 95.85 level. To the d…

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Daily analysis of USDX for November 08, 2017

USDX remains in a range across the board, well supported by the 200 SMA at H1 chart. The resistance zone of 95.14 is helping to add further pressure and if it gives up, then another leg higher is expected to take place towards the 95.85 level. To the d…

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Daily analysis of GBP/USD for November 08, 2017

GBP/USD is consolidating the price action around the 200 SMA once again, still under heavy pressure by the sellers. During Tuesday’s session, it has formed two fractals that are acting as strong resistance levels and if it manages to break those levels…