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Forex Analysis:::2019-06-18
USDJPY at major triangle support
USDJPY continues to hold above the 108 price level and inside the long-term triangle pattern. Current price action provides a favorable opportunity for being bullish as price is very close...
Forex Analysis:::2019-06-18
Bitcoin shows bearish divergence signs
Bitcoin has many chances of marking a top above $9,000. The RSI is showing bearish divergence signs and that is an important warning for bulls. Price could be at the...
Forex Analysis:::2019-06-18
EURUSD under pressure with bears under control of the trend
EURUSD bulls are unable to push price above the resistance of 1.1230-1.1260 and bears remain in control of the trend pushing prices below 1.12. At current market conditions I prefer...
Forex Analysis:::2019-06-18
Gold price gets rejected at $1,350-60 area once again
Gold price has reached $1,350-55 area but selling pressures are forming a short-term bearish reversal formation while price is now more than 10$ lower from today's highs. Gold price...
Forex Analysis:::2019-06-17
The Dollar index is waiting for the FED
Not much action is expected in forex markets until Wednesdays FOMC. Although most expect rates to remain unchanged, what will the strategy over the next meetings and the tone...
Forex Analysis:::2019-06-17
EURUSD at major Fibonacci support area
EURUSD is trading just above 1.12 having entered the broken wedge pattern once again. Bulls need to step in now and provide a strong move higher from this Fibonacci support...
Forex Analysis:::2019-06-17
Gold under pressure
Gold price as we explained in our last post made a bearish reversal candlestick pattern on Friday implying more downside to come. The start of the week finds Gold price...
Forex Analysis:::2019-06-15
Bitcoin technical worries due to bearish divergence signs
Bitcoin is trading very close to an 8 month high. Price has reversed its trend back in March and since then it is making higher highs and higher lows. Trend...
Forex Analysis:::2019-06-15
EURUSD fears of a false breakout
EURUSD was expected to pull back towards 1.1250-1.1230 area for a back test of the break out. The wedge break out now seems like a fake one unless we see...
Forex Analysis:::2019-06-15
Gold ends the week with a bearish reversal signal
Gold price made new higher highs this week above $1,350, but at the last day of the week bulls received a bearish surprise by the market. A bearish reversal candlestick...
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