BBR : BULLION MARKET LOOKS TO BE BEARISH TODAY, MARKET ALREADY DROPPED AS EXPECTED, GOLD AND SILVER ARE RECENTLY BECAME OVERSOLD BUT STILL SOME DROP IS POSSIBLE, BE ALERT MARKET IS EXPECTED TO TURNAROUND SOON...
During July 2008, GBP/USD traded at 2.0047 then trended to 1.9748 by the first weeks in August 2008. When the US housing crisis was announced mid August 2008, GBP/USD would embark on a 1 year 6000 pip downtrend that would see its bottom in the 1.3500's by January 2009. The cause of the run to the 2.0000's was the economic boom period between 2003 - 2008. Then GBP/USD trended from its January 2003 lows of 1.5953 to the 1.2000's by July 2008. The common theme for both periods was the 50 and 60…See More
EUR has lost almost 200 pips since Monday and the pair despreately needs a correction but still there are no any signs of a possible correction. EUR is in a free fall state, after bad data from the EU and Germany, and better news from the US. Dollar is stronger than ever but i wonder if this is a temporary strength or the start of continuous EUR weakness. The pair needs a correction at least to 1.3330-50, and maybe more next week. But first we need to deal with the 1.3290-1.3310 resistance area…See More
VIT Daily Analysis Review of Euro Dollar / US Dollar (EURUSD)as of 21/08/14 Volatility AnalysisOn 21/08/14, Euro Dollar / US Dollar closed down -0.0010 at 1.3249 Period Statistical Change10-period 4.6578 -0.0121-period 4.0196 -0.0039-period 3.9456 -0.1390-period 4.1403 -0.00 Bollinger Bands are 9.56% narrower than normal. Momentum Indicators Stochastic OscillatorThe Stochastic Oscillator is 4.7720. This…See More
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