Category Archives: Forex analysis review

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Technical analysis of USD/CHF for January 18, 2017

Overview:
The USD/CHF pair continues to move downwards from the level of 1.0173 and 1.0040. The pair dropped from the level of 1.0173/1.0040 to the bottom around 1.0012. This week, the first resistance level is seen at 1.0040 followed by 1.0173, while…

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Technical analysis of NZD/USD for January 18, 2017

Overview:
The NZD/USD pair continues to move upwards from the levels of 0.7095 and 0.7157. The NZD/USD pair didn’t make any significant movements. There are no changes in our technical outlook. The bias remains bullish in the nearest term testing 0.72…

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Technical analysis of USDX for January 18, 2017

The Dollar index remains in a short-term bearish trend and is moving towards our 100-99 target area where important medium-term support is found. Today we may see a bounce but overall I expect the bearish trend to continue. So any bounce should be seen…

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Technical analysis of gold for January 18, 2017

Gold price remains inside the bullish channel and is making higher highs and higher lows. Trend remains bullish in the short term. We might see a pullback towards $1,200-$1,210. There are several divergence signs but no reversal signal. Red lines – bul…

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Elliott wave analysis of EUR/NZD for January 18, 2017

Wave summary:The corrective decline from 1.5235 has extended closer to the 1.4778 target. However, signs of fatigue is now clear and a break above 1.4886 and more importantly a break above resistance at 1.5003 will confirm that wave ii/ finally has com…

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Elliott wave analysis of EUR/JPY for January 18, 2017

Wave summary:The complex correction in the wave (iv) is finally showing signs of weakness and a break above the minor resistance at 121.40 will be the first good indication that a lower structure is developing, and the wave (v) higher towards 126.54 is…

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Technical analysis of EUR/USD for Jan 18, 2017

When the European market opens, some Economic Data will be released, such as Final Core CPI y/y, Final CPI y/y and German Final CPI m/m. The US will release the economic data, too, such as TIC Long-Term Purchases, Beige Book, NAHB Housing Market Index,…