All Blog Posts Tagged 'crude' (48)

Forex & Futures Outlook

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Weekly Forex Trading Commentary - Sunday 9th March 2014

GBP/USD - Price Remains Supported By 8-Day EMA, Continuation Of Uptrend Likely

Despite the NFP announcement on Friday the GBP/USD has remained supported by the 8-day EMA. This market is still in an uptrend and so the most likely scenario next week is a resumption of the buying pressure and a retest of resistance at 1.6800. If the market closes above 1.6800 early next week this could open the flood gates to significantly higher prices in this market.…

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Added by Lewis Barber on March 9, 2014 at 8:45pm — 1 Comment

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