EUR/USD - The Royal Bank of Scotland predicted 1.05 target
The Royal Bank of Scotland predicted the price for EURUSD as 1.05 1-year target, and those are the 5 key factors from RBS:
"None of this has much directly to do with Greece."
"Other factors that support some renewed fall in EUR/USD this year: faster money positioning in EUR/USD is now much cleaner than it was a few months ago, short EUR/USD is a far less crowded trade."
"The German government bond market, which went into price melt-down in March, raising serious risks to other most owned positions like short EUR/USD, has stabilised."
"Oil prices are falling again steadily."
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Buying dollar correction and selling EUR/USD if it pushes any higher
Societe Generale made some prediction concerning EUR/USD based on fundamental analysis:
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Quick Technical Overview - Buy GBP: bullish breakout for GBP/USD, GBP/JPY and GBP/CHF
The price was on bullish breakout for H4 timeframe for GBP/USD, GBP/JPY and GBP/CHF as well: GBP/USD If price will break 1.5672 resistance level so the primary bullish will be continuingIf the price will break 1.5575 support level so we may see the reversal to the primary bearish condition with secondary ranging. If not so the price will…
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Crude Oil Price Action Analysis - bullish reversal to be unlikely
W1 price is located on bearish market condition with descending triangle pattern to be broken from above to below. The price is trying to cross 51.39 support level for the bearish to be continuing with 45.17 as a next target in this case.
Ichimoku cloud and Sinkou Span A line (which is the virtual border between the primary bullish and the primary bearish on the chart) are located far above the price which makes the bullish reversal to be unlikely in this year;
"Prices paused to consolidate four days of consecutive losses delivered the lowest levels since February. A daily close below the 50% Fibonacci expansion at 52.37 exposes the 61.8% level at 50.66".
If the price will break 51.39 support level so the bearish market condition will be continuing up to 45.17 as a next level.
If the price will break 66.32 resistance from below to above so the price will be reversed to the primary bullish trend.
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AUDJPY Price Action Analysis - good possible breakdown in the near future
W1 price was located between 100 period SMA (100-SMA) and 200 period SMA (200-SMA) for the primary bullish market condition with the secondary ranging between the values of 100-SMA and 200-SMA. For now - the price is crossing 200-SMA and trying to break Fibo support level at 89.15 as the next target. If the price will break 89.15 on close bar so we may see the reversal of the price movement to the primary bearish market condition, otherwise - ranging.
the price is crossing 200-SMA from above to below for the primary bearish condition;
If the price will break 89.15 on close bar so we may see the reversal of the price movement to the primary bearish market condition;
triangle pattern is going to be broken by price from above to below for good possible breakdown in the near future.
If the price will break Fibo support level at 89.15 so we may see the reversal of the price movement to the primary bearish market condition.
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Deutsche Bank with updated EUR/USD review: target at 1.02 by Q3-end
The Deutsche Bank updated their view on EUR/USD summarized all the factors and made a conclusion about target EUR/USD at 1.02 by Q3-end: "In sum, we remain bearish EUR/USD and after a Q2 lull accompanied by much lighter investor positioning we expect*expect the weakening trend to resume," DB concludes.
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Dollar higher ahead of U.S. GDP data while stocks struggle for direction
The greenback continued to be supported against its rivals on Thursday as investors awaited U.S. GDP numbers due later in the day.
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EURUSD Intra-Day Technical Analysis - ranging in consolidation waiting for direction
H4 price is on bearish condition for ranging between 1.0941 support and 1.1082 resistance levels:
Chinkou Span line is located below the price and crossing it in almost horizontal way for bearish ranging;
'reversal' Sinkou Span A line is located in exact 1.0941 level so if the price breaks it - we will see the reversal of the price movement to the primary bearish condition on H4 timeframe;
Tenkan-sen line crossed Kijun-sen line for the bearish trend to be continuing in the neat future.
Resistance
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Gold Price Action Analysis - the weakest level in over five years
W1 price is on primary bearish with 1077.19 support level to be broken:
the price is located far below Ichimoku cloud and Sinkou Span A line which is the virtual border between the primary bullish and the primary bearish on the chart;
Chinkou Span line is indicating the bearish breakdown to be continuing;
"prices are digesting losses after sliding to the weakest level in over five years";
"break below the 14.6% Fibonacci expansion at 1090.20 exposes the 23.6% level at 10778.10."
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Video Lesson - Factor Models In Practice with Ernest Chan
He will discuss the various factor modeling techniques and the more exotic factors recently discovered. Why we should be interested in factor models: About Ernest Chan: Ernie Chan is the author of "Quantitative Trading: How to Build Your Own Algorithmic Trading Business" published by John Wiley & Sons in 2009.
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