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EUR/USD:SELL From Breakout Trendline and PMI Data <50 pt SHORTEUR/USD yesterday the positive news about the USD Unemployment Claims pushed the EUR downwards and today the price may continue to drop more after the breakout of the dynamic trendline to the 1.0500 value. Today the S&P Global Composite PMI shows a value below 50 points showing contractions of private sector manufacturing and services companies. Following the economic data plus the technical analysis scenario, we are looking for a new bearish impulse by the EUR.
Short
by FOREXN1
12
GOLD:BUY From Support Area For a New Pullback LONG Setup GOLD after the solid Drop of Yesterday Today's price may recover value from the resistance area with a new bullish impulse in the direction of the main trend, bullish. Also, the price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM, and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Our forecast is about an increase of the value from the discount price in this area with a recovery of value by the GOLD.
OANDA:XAUUSDLong
by FOREXN1
9
USD/JPY:SELL From Resistance Area FIBO Level SHORT Setup USD/JPY yesterday had a solid reaction to the FOMC release news with a bullish impulse. Today's price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Technical Analysis shows the price in a resistance Area in confluence with Fibonacci levels where the value can have a change of direction. The Main trend is still Bearish from our point of view. Looking for a Short setup.
Short
by FOREXN1
7
GOLD:BUY From Support Level For A New LONG Setup GOLD as EUR/USD ( Both Strongly correlated ) take advantage after the bad news released yesterday for the USD with a strong bullish impulse as predicted. Today the Market is in pullback waiting for the release of FOMC Economic Projections, USD FOMC Statement, USD Federal, and the USD FOMC Press Conference. The bias is about a new bullish impulse for the GOLD and a Bearish momentum for all the USD pairs and correlated. Technically GOLD it's inside a Bullish trend and the price today is retesting the support inside the Fibonacci levels of 38.2% and 50%. Today the GOLD value may take again advantage of today continuing with another Long impulse from the support area.
OANDA:XAUUSDLong
by FOREXN1
15
USD/CAD:SELL From Resistance Area For A New SHORT SetupUSD/CAD after the bad news released yesterday for the USD today the Markets will have another strong shaking by the release of FOMC Economic Projections, USD FOMC Statement, USD Federal, and the USD FOMC Press Conference. The bias is about a new bearish impulse for the USD and a Growing for all the EUR pairs and correlated. Technically the USD/CAD it's inside a new Bearish trend and the price is around a strong Resistance area. Price may continue to follow the trend and have another bearish impulse.
Short
by FOREXN1
6
GOLD: BUY From Retest FIBO+Support Level for a New LONG SetupThe GOLD is growing making Higher-highs and Higher-lows and the last pullback on the support area can help only the value of this metal to grow. From the previous Swing low today the price retested the 50% Fibonacci level and the correlation with the other Forex pairs can only help the value to grow more. The price supported by the dynamic trendline plus the 50 moving average seems ready in this session to have a new impulsive push-up.
OANDA:XAUUSDLong
by FOREXN1
19
BITCOIN (BTCUSD) - Final resistance zone before macro upsideHello everyone, before reading ahead I want to let you know I am a Bitcoin maxi, but I also have to listen to the charts. I am not convinced we have a market bottom, there are still a few questions left unanswered fundamentally speaking that will allow us to create the path for macro upside. This is the last area of macro resistance stopping the price from a macro break out. From this, I think one final short attempt is on the table.
BITSTAMP:BTCUSDShort
by JamesSpindler
1