Category Archives: Forex analysis review

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Technical analysis of NZD/USD for December 23, 2016

Overview:
The NZD/USD pair fell from the level of 0.6966 toward 0.6882. Right now, the price is seen at 0.6904. The resistance is seen at the level of 0.6966. Moreover, the price area of 0.6966 remains a significant resistance zone. Therefore, there i…

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Technical analysis of USD/CHF for December 23, 2016

Overview:
The USD/CHF pair continued to move upwards from the level of 1.0220. The pair has risen from the level of 1.0219 to the top around 1.0270. The USD/CHF pair did not make any significant movements yesterday. There are no changes in our technic…

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Technical analysis of USD/JPY for December 23, 2016

A triangle pattern is what we focus on in the short term in order to get a pullback towards an important trend support at 115-116. The short-term trend remains neutral as the price is moving sideways.Red line – resistanceBlue line – supportThe price is…

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Technical analysis of GBP/USD for December 23, 2016

GBP/USD has broken support at 1.23 and is heading towards our next targeted support area of 1.22-1.2150. The trend remains bearish, but the downside move is very close to completion.Blue lines – bearish channelThe price is making lower lows and lower h…

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Technical analysis of USDX for December 23, 2016

The US dollar index is trading sideways inside a trading range between 103.50 and 102.50. The medium- and long-term trend remains bullish. The continuation of the upside trend is more probable as long as the price is above 101.50.Blue lines – trading r…

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Technical analysis of gold for December 23, 2016

The gold price remains inside its sideways trading range in what it seems a triangle pattern. The short-term trend is neutral. Gold is very close to important long-term support. A bounce is expected. There has been no reversal confirmation yet.Blue lin…