At the H4 chart of EUR USD, the Window in the middle provided resistance. Three Line Break chart shows a bullish tendency; bearish Harami pattern and Heiken Ashi candlesticks confirm a descending movement.
At the H1 chart of EUR USD, the lower level of the upper Window provided resistance. Tower pattern indicated a descending movement. Three Line Break chart shows a bullish tendency; Heiken Ashi candlesticks confirm that the descending correction continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the lower level of the upper Window provided support. Tower pattern and Three Line Break chart indicate a bullish movement; Heiken Ashi candlesticks confirm a bearish movement.
December 2, 2016 Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016 Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016 Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...
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