The Canadian Dollar may continue to pull back unless the BOC manages a convincing hawkish surprise at the upcoming monetary policy announcement. That looks like a tall order.
The daily price is trying to cross 100 SMA for the 200 SMA to below as the next target for the primary daily bearish reversal.
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Gold fell last week as traders moved out of risk assets, boosting the US Dollar to its strongest level since December 2002. The yellow metal faces a tough path if Greenback strength persists.
Daily price broke Ichimoku cloud to below for the primary bearish reversal: the price is crossing 1,821 support level to below for the bearish trend to be continuing with 1,799 target to re-enter.
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The price of gold slipped below the 50-Day SMA for the first time since February as it extends the decline from the monthly high ($1998), and the update to the US Personal Consumption Expenditure (PCE) Price Index may drag on bullion as the Federal Reserve’s preferred gauge for inflation is expected to downtick for the first time since August.
The H4 intra-day price is below 200 SMA by crossing 1936 support level to below for the primary
This is Merrill's patterns for downtrend: 20832 Merrill's patterns for uptrend: 20833 And this is the indicator to show М & W Wave Patterns by Merrill and support/resistance levels:...
Liked On: 07-17-2016, 11:10 AM
Candlestick Patterns 20837 20838 20839 20840
Liked On: 05-14-2016, 03:53 PM
Australia and New Zealand Banking Group - the EUR/USD consolidating in a 1.10-1.15 range 14437 "A resolution to Greek debt negotiations may reduce downside risks, but a weak currency is...
Liked On: 06-27-2015, 03:15 AM
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