Articles by Forex analysis review

The US dollar index is forming a higher high pattern below the resistance level of 99.73 after a huge rebound made at lows of January 28 . However, we should note that a strong inflection area is located around that resistance zone because the index wa…

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OverviewThe silver price declined strongly yesterday, breaking the 14.27 level, and has settled at a daily close below it. This stops the positive overview suggested in our recent reports and puts the price inside the sideways range again, waiting to b…

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OverviewThe H4 chart demonstrates that a rebound from 163.96 extends higher today and the price has breached 38.2% retracement of 188.79 to 163.96 at 173.44. The rebound is stronger than expected and there is no sign of topping yet. A further rise cou…

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Overview:Since our last analysis, gold has been trading sideways at the level of $1.114.00. An intraday short-term trend is neutral, but the short term trend is upward. It seems like that our strong support at the price of $1,109.00 held very successf…

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Overview: Recently, EUR/NZD has been moving downwards. The price tested the level of 1.6642 in a very high volume. In the daily time frame, we can observe a test of our key point in the control zone (1.6640-1.6515). In the H4 time frame, the price has …

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Global macro overview for 29/01/2016:The UK GDP data for the fourth quarter were released yesterday and the figures were in line with expectations (0.5% q/q; 1.9% y/y). The services industry contributed greatly to the GDP increase in the end of 2015 (7…

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Global macro overview for 29/01/2016:The Japanese yen has fallen sharply on Friday after the Bank of Japan shocked financial markets by lowering interest rates into negative territory from 0.10% to -0.10%. Other fundamental data were worse than expecte…

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