Euro has bounced off the broken channel and is falling. Now we will seek sales after breaking on a pullback to the 1.0800 level. For now we are focusing on candlestick signals:
As for the AUD/NZD pair, we are waiting for the breaking of the descending channel and we will buy the pair on a pullback to this channel. We can even do it with a limit order because the channel rests on three points:
The price has drawn a “long-legged doji” (rickshaw), which has run into the 79.50 level on a weekly chart. We expect a pullback to the broken upstream triangle, where we will try buying, and a further movement above the ninetieth figure:
October 24, 2016 Gold prices edged lower
Gold prices traded mixed on Friday. The yellow metal traded lower the half of the day and higher the other half. Sellers moved the price to the level 1260 dollar per ounce which appeared a solid barrier for it. The pair bounced from the level and reversed some of its losses...
October 24, 2016 Earnings and Macro data to drive financial markets the week ahead
A pretty robust U.S. corporate announcements last week indicated that thereâ€™s a high chance for corporate America to get out of a profit recession which lasted for five consecutive quarters...
October 21, 2016 Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
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