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Technical Analysis

EURUSD Technical Analysis 9-7

EURUSD79

EURUSD Technical Analysis 9-7 The pair shows sideways trading today after breaking yesterday the 1.12 level due to worst than expected ISM number from USA, EURUSD affected by stochastic negativity that might push the price to test the support base formed above 1.1196 level. The bullish trend scenario still active as long as the mentioned ...

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GBPUSD higher after ISM non-manufacturing PMI. Technical analysis

GBPUSD69

GBPUSD Technical analysis The pair has moved above the July high at 1.3371 and keeps trading higher. Weaker data out of the US, ISM non-manufacturing PMI down to 51.4 in August, lowest in 6 years, is pushing the dollar lower and the GBPUSD higher the price moved above the 1.3400 level. ...

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DAX Technical Analysis

dax69

DAX Technical Analysis The index is testing the resistance at points 10750. Faillure to break above would give a negative reaction. The index is assessed as technically negative for the medium long term. The index is between the support at points 10510 and the resistance at points 10740. A definitive ...

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Relative Strength Indicator – RSI

rsi

Relative Strength Indicator – RSI Relative Strength Index is a so called momentum indicator that is very popular to use in technical analysis of financial instruments. Relative Strength Indicator is a momentum indicator that compares the number of days with price increases in relation to the number of days with ...

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Technical Analysis of GBPUSD

GBPUSD

Technical Analysis of GBPUSD The pair has fell to strong support area near a cluster of support defined by the 100 bar MA on the 4-hour chart, the 200 hour MA and the 100 hour MA.  The three moving averages come in at 1.3161, 1.3165 and 1.3171 respectively.   The low ...

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Dax30 Technical Analysis

Dax30 Technical Analysis DAX30 has now risen up towards the ceiling of the trend channel, which should give a reaction down. The index is approaching the resistance at points 10260, which may give a negative reaction. One extra risk is the geopolitical and terror incidents that are taking place across ...

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GBP/USD technical analysis

gbpusd technical

GBP/USD technical analysis GBP/USD trading in positive territory all day, it made three attempts to break above 1.34 but with no success. The forex pair seems to run out of power at that level. I believe a test of the 1.3000 area remains well on the cards for Cable in ...

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EUR/USD buy signal

EUR_USD tues

Nice move from our favorite forex pair EUR/USD, after hit the daily high at 1.1349 the sellers stepped in and drove the euro back down to 1.1242, which now acts as a strong support, entering a long position for the pair at the daily lows will gives us the opportunity ...

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How to trade GBP/USD

GBP_USD

How to trade GBP/USD Enough is enough and the fundamentals can’t change! Every single time since April, a break above the blue trend-line is followed by a break back below it. GBP/USD opened higher in early forex Asian trading Monday as the first poll taken after the murder of opposition ...

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Will FED raise interest rates on June?

forex poll

Will FED raise interest rates on June? Please Vote    

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