10 / 07 / 2015 | Technical Analysis

Gold – Today’s Major Levels 1163.97 and 1157.50

European Session
The buyers of the precious metal were recently able to aggresively retrace the price to the upside from 1146.18 to approximately close to 1168.00, after the downtrend channel formation that was initiated since the 6th of July, 2015 and forced the price to decline from 1174.48, to 1146.18 the previous major support zone.
The latest bullish formation seems to be considerably stronger than a probable bearish one, therefore in the scenario where the metal breaks above 1163.97, the price could escalate as high as 1174.48 and 1191.60.
Alternatively, in the event where the sellers exert greater pressures, provided that the metal breaks below the 1157.50 level, the price could decelerate once again as low as 1146.18.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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09 / 07 / 2015 | Technical Analysis

EUR/GBP – Today’s Major Levels 0.7208 and 0.7166

European Session
The currency pair has been under tremendous bullish presssures since the 6th of July, 2015, powerful enough that led the price from 0.7042 to 0.7212.
The pair is at the moment showing signs of stabilization at 0.7208, which is a good indication that the sellers might gain momentum, provided though that there is a sufficient break below the 0.7166 level, and force the pair down to 0.7126 and 0.7105 respectively.
Alternatively, in the event where the price breaks above the 0.7208 level, the buyers may resume their upside pressures toward 0.7243.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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09 / 07 / 2015 | Technical Analysis

GBP/USD – Bullish Momentum Noticed at 1.5394

European Session
The currency pair is in a constant downtrend mode since the 6th of July, 2015, as the bears were able to aggresively force the price from 1.5628, to as low as 1.5328 a major support level where the bulls successfuly retraced the price once again to the upside.
In the scenario where the price resumes oscillating above 1.5394, the buyers could increase their bullish momentum and lead the pair to as high as 1.5513 and 1.5628 respectively.
Alternatively, in the event where the bears exert far greater pressures on the pair and the downtrend channel resumes, the price could decelerate toward 1.5250, provided though that initially there is a sufficient break below the 1.5328 level.


 
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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08 / 07 / 2015 | Technical Analysis

GBP/JPY – Today’s Major Zones 187.94 and 187.18

European Session
The pair has been recently under strong bearish pressures, as the sellers gained full control over the price since the 6th of July, 2015.
The latest bullish atttempts though seem to be considerably strong enough to lead the price this time to the upside, provided that there is sufficient break above the 187.94 level. In the scenario where an uptrend prevails, the take profit targets could be settled at 189.38 and 190.24 respectively.
Alternatively, in the event where the downside pressures resume, the sellers could force the price as low as 185.73.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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08 / 07 / 2015 | Technical Analysis

EUR/CAD – Today’s Major Levels 1.3987 and 1.4032

European Session
The currency pair has been recently under strong upside pressures that initially started from as low as 1.3823 to as high as 1.4032.
The latest stability between 1.3987 and 1.4032 is an indication that the sellers could this time retrace the pair to the downside.
In the scenario where the price declines, the sellers could force the pair as low as 1.3823 and 1.3693 respectively.
In contrast, in the event where the price breaks above the 1.4032 level, the pair could aggresively escalate to 1.4261.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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07 / 07 / 2015 | Technical Analysis

EUR/JPY – Bearish Pressures Noticed at 135.41

European Session
The currency pair has been recently under strong upside pressures, with the bullish momentum initially noticed at 133.82.
The price is currently oscillating between the range of 135.41 and 136.43 respectively. The bearish pressures seem to be a bit more tensed at 135.41 and in the scenario where the price is unable to break above this level, the sellers could force the pair as low as 133.82 and 131.12.
Alternatively, in the event where the buyers resume their upside pressures, the price could escalate as high as 138.82.
 


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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07 / 07 / 2015 | Technical Analysis

Gold – Today’s Major Zones 1165.87 and 1170.61

European Session
The commodity has been since the 2nd of July, 2015 oscillating mostly between the range of 1165.87 and 1170.61 respectively.
The bullish presures seem to be more promising than the bearish ones and therefore in the scenario where the metal breaks above the 1170.61 level, the buyers could re-engage in strong upside pressures and lead the price as high as 1179.21 and 1192.85 respectively.
In contrast, in the event where the price breaks below the 1165.87 zone, the metal could resume to decline  as low as 1156.75.
 


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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06 / 07 / 2015 | Technical Analysis

GBP/USD – Today’s Major Levels 1.5537 and 1.5562

North American Session
The pair is currently stable and oscillating between the range of 1.5537 and 1.5562 respectively. 
The latest stabilization above 1.5537 seems to be a good indication that the buyers could exert strong upside pressures at 1.5562 and thereafter lead the pair as high as 1.5602 and 1.5642 respectively.
In contrast, in the scenario where the downside pressures resume, the sellers could re-engage the bearish momentum and force the price from 1.5537 to as low as 1.5433.
 


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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06 / 07 / 2015 | Technical Analysis

AUD/USD – Bullish Momentum Noticed at 0.7512

European Session
The pair is currently oscillating between the range of 0.7472 and 0.7512 after today’s minor bearish gap upon market opening due to the yesterday’s Greek referendum results with the ‘’No’’ vote having reached approximately 61%.
The market sentiment on the AUD/USD seems to be a bullish one and in the scenario where the uptrend prevails, the pair could aggresively escalate as high as 0.7588 and 0.7648 respectively.
In contrast, in the event where the sellers resume forcing the price lower, the pair could decelerate as low as 0.7393.



Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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03 / 07 / 2015 | Technical Analysis

GBP/JPY – Today’s Major Zones 192.03 and 193.63

European Session
The pair is at the moment oscillating slightly above the 192.03 level, today’s probable bearish zone, and below the potential bullish break out zone 192.71.
Due to the latest weakness of the price to escalate, in the scenario where the sellers take advantage of the 192.03 level they could aggresively force the pair as low as 190.43.
In contrast, in the event where the buyers switch the expectations for a downstrend scenario and retrace the price to the upside they could lead the pair as high as 193.63.
 


Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.
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