I've collected 2 charts from the web that can help us to understand where EURUSD prices are about to go. I think that they are very interesting charts for our analysis:The first chart give us a Long View if prices break the previous top and the second give us a SELL view…See More
GOLD: Threatens Further DownsideGOLD: With GOLD continuing to maintain its downside bias, further decline continues to be envisaged. But corrective recovery risk may occur. Support lies at the 1,289.36 level where a break will pave the way for a run at the 1,277.58 level. A turn below here will shift focus to the 1,250.00 level followed by the 1,230.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance is seen at the 1,318.30 level where a…See More
Currently we are at 1.4219 in a channel. We are looking for a bullish continuation to the Wave 1 R5 @ 1.4851 and maybe Wave 3 R4 @ 1.4869. The average daily true range (ATR) for the pair currently is 83 pips.See More
Libya’s central bank has dismissed as baseless recent rumours that the country is facing dollar shortages due to a loss of oil revenues, a bank official said yesterday. The North African country has been struggling for nine months with disruptions in its key oil industry due to protests at oilfield and ports across the desert nation. The central bank has said it has dollar reserves worth more than $115bn. Musbah Al Akari, head of the central bank’s markets department, said that currency…See More
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