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Analysis

Analysis (120)

05 November 2013

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Technical outlook and chart setups:

The currency pair should gather pace on the higher side after bouncing off the fibonacci 0.618 retracement levels at 1.4380/1.44 recently. It is, hence, recommended to hold long positions for now and also look to add further on dips. Initial support is at 1.4350 (intermediary), followed by 1.4200, and 1.4075,...

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05 November 2013

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Technical outlook and chart setups:

The currency pair has bounced off the fibonacci 0.618 retracement levels recently, of the rally between 131.00 and 135.00. It is recommended to remain long on positions taken yesterday and also buy on further dips as long as prices are above 131.00. This is immediate support (131.00), followed by 130.00/129.00...

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05 November 2013

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Technical outlook and chart setups:

The metal has been almost unchanged since yesterday, after bouncing off from the 1,310.00 levels. As depicted here, it is quite possible that the retracement or pullback might be over around the 1,310.00 levels; hence, it is recommended to remain long on positions initiated yesterday. As shown here, the best buy...

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05 November 2013

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Technical outlook and chart setups:

There has been structurally no change in the counter since yesterday. It is very much recommended to hold long positions initiated yesterday and buy more around the 21.00 levels. It is the fibonacci 0.618 retracement of the rally between 20.50 and 23.00. Intermediary support is at 20.50, followed by 19.00 and sub...

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05 November 2013
 USD/CHF technical analysis for November 5, 2013
Overview
  • It should be noted that the price of the USD/CHF pair has still been trapped between 0.9080 and 0.9110, as well as the price has been set below strong resistance at the levels of 0.9170 (50% of Fibonacci retracement levels in H4 chart). Additionally, it is worth noting that these levels coincidу between 50% and 38.2% of
...
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05 November 2013

EUR/NZD: Analysis for November 05, 2013

EUR/NZD: Analysis for November 05, 2013

Overview:

Since our last analysis, the EUR/NZD pair has been trading downwards, the price tested the level of 1.6181 on high volume. I placed Fibonacci expansion to find a potential end of bearish corrective phase and I got FE 61.8 % at the price of 1.5940. We also got Fibonacci retracement 61.8 % at the price of 1.5920. In my opinion, the...

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05 November 2013

 USD/CAD: technical analysis for November 5, 2013

Overview
  • The resistance for USD/CAD is set at the level of 1.0490; thus, the bears are going to sell below 1.0495, because there is a new top at the price of 1.0486 (between 61.8% Fibonacci retracement levels and 78.6%). 
  • So it should also be noted that the resistance is set at the level of 1.0460; therefore swing trade at the area
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05 November 2013

GOLD: analysis for November 05, 2013

GOLD: analysis for November 05, 2013

Overview:

Since our last analysis, Gold has been trading downwards,as we expected; the price tested the level of 1,311.62 on high volume, and we ended the small bullish corrective phase as we expected. In the daily chart, we can observe no demand bar on volume below the average, which is a sign that Gold started bearish continuation. We are still...

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