Tag archive for ‘support’
By gossewestra On Monday, December 18th, 2017
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GBP/USD Technical Analysis: The Sliding Scales of Support

Talking Points: – The British Pound is showing messy near-term price action, making directional prognosis on shorter-term charts a bit of a challenge. – Retail traders remain slightly net-short, with More...

By gossewestra On Monday, December 18th, 2017
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GBP/JPY Technical Analysis: Choppy Near-Term, Longer-Term Support Remains

Talking Points: – GBP/JPY moved-up to a fresh 2017 high after our last article, but soon broke-down; giving us a false breakout. – GBP/JPY is messy near-term; but longer-term charts may open up the possibility More...

By gossewestra On Monday, December 18th, 2017
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Gold Prices Seek Out Resistance at Prior Support

Talking Points: – Gold prices are recovering early-December losses after last week’s rate hike from the Federal Reserve. – Retail traders are aggressively long Gold with IG Client Sentiment currently More...

By Marc Chandler On Sunday, December 17th, 2017
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Dollar Recoups FOMC-Sparked Losses

The turned in a mixed performance last week, but the gains before the weekend, perhaps partly in anticipation of a tax bill, helped it finish well. Still, in the face of the Fed’s , the continued signal of More...

By gossewestra On Friday, December 15th, 2017
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Technical Insights for EUR/USD, Euro & GBP Crosses, Gold/Silver & More

EUR/USD is finding buyers at an important confluence of support and needs to continue holding for a neutral to bullish outlook to remain. Euro and GBP crosses are at or failing support, hinting at more downside. More...

By gossewestra On Wednesday, December 13th, 2017
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Technical Overview for Euro, Yen, EUR & GBP Cross-rates, Gold and More

The euro is treading very near important support and needs to hold or else risks declining further. USD/JPY is at key trend-line resistance. GBP crosses are at support on the current pullback. Gold, silver to remain More...

By gossewestra On Wednesday, December 13th, 2017
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Silver Technical Outlook: Declining Towards Long-term Support

What’s inside: Silver is expected to remain weak and bounces to fail, looking towards major long-term support A decline into major support looks likely to be needed in order to turn momentum around Gold looks More...

By gossewestra On Tuesday, December 12th, 2017
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Gold Prices Break Chart Support But Follow-Through May Await FOMC

Talking Points: Gold prices edge down but follow-through unlikely before FOMC Crude oil prices recover further but near-term bearish cues remain DOE short-term energy outlook, API inventory data now in focus Gold More...

By Technical Trading On Tuesday, December 5th, 2017
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Forex, Dow Jones Levels: December 5, 2017

Today’s support: – 0.8708 and 0.8685 (main), where correction is possible. Break would give 0.8657, where correction also may be. Then follows 0.8640. Break of the latter would result 0.8628. If a strong More...

By gossewestra On Friday, November 24th, 2017
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GBP Needs Fundamental Support to Justify Current Levels

Talking Points: The time for decision making in the Brexit process is close at hands and both parties need to make concessions before trade talks can begin. Political upheaval in Ireland may cause an unexpected More...