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Tag Archives: Technical Analysis

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. Today’s break was a bit ...

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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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AUDUSD touching the lows

AUDUSD

AUDUSD touching the lows AUDUSD has moved to new lows in the last hour touching 0.7259. The weaker than expected US Employment Cost index on Friday put an end to that break. In fact the price moved above the 200 hour MA for the first time since July 22. That ...

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How to Draw Trend Lines

How to Draw Trend Lines If you want  to draw an upward trend, choose two ascending low points and join them with a straight line to make an upward trend line. In a downward trend, choose two descending high points and join them with a straight line to create a ...

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Forex Trend Trading

Trend Trading Forex traders who search for a method that is low maintenance while allowing for access to nice market moves usually turn to trend trading. Trend trading is a strategy that allows you to take advantage of the big currency market moves while ignoring the small moves in hopes ...

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Support and Resistance Lines

What is Support and Resistance? What Does Support Mean? A support level is the price at which buyers are expected to enter the market in sufficient numbers to take control from sellers. The market has a memory. When price falls to a Low and then rallies, buyers who missed out ...

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USD/JPY Technical Analysis

Technical lines from top to bottom We begin with resistance at the round number of 104. This was a key line in May 2008. 102.50 was an important resistance line in late May. 101.44 was the post-crisis high seen in April 2009, and has not been tested since mid-July. 100.85 ...

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