05 / 06 / 2015 | Technical Analysis

Gold – Will the Bulls Retrace the Metal Upwards?

European Session
The precious metal has been facing strong downside pressures since the 18th of May, 2015, pressures that forced the price as low as 1173.10, today’s major support level.
The buyers are at the moment withholding the metal above 1173.10. The bullish momentum is expected to increase throughout the day and become more intense upon the North American Session (New York) opening.

In the scenario where the price will indeed escalate, buyers could place their take profit targets at 1202.83 and 1209.43 respectively. A long term target for the day could be 1232.41. All stop losses could be placed at 1160.31 giving some ‘’breathing space’’ to the price in case of aggressive fluctuations.




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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04 / 06 / 2015 | Technical Analysis

EUR/CAD – Will the Pair Drop Today?

The pair has been escalating since the 17th of April, 2015 with the buyers having placed tremendous bullish pressures, giving no option whatsoever to the sellers of re-tracing the price slightly to the downside.
Looking at today’s chart, June 4, 2015, the pair has been making some considerable strong attempts to retrace to the downside without any success though. The major resistance level for today’s session is 1.4040.
In the scenario where the price drops, bears could lock their profits either at 1.3806 and 1.3655 respectively. All stop losses can be placed at 1.4109.



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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04 / 06 / 2015 | Technical Analysis

EUR/JPY – Will the Pair Retrace to the Downside?

The pair has been escalating since the 14th of April, 2015 with the buyers having placed astonishing upside pressures, giving no option whatsoever to the bears of at least re-tracing the price slightly lower.
Looking at today’s chart, June 4, 2015, the pair has been making some strong attempts to retrace downwards without any success though. The major resistance zone for today’s session is 140.25
In the scenario where the price decelerates, sellers could lock their profits either at 137.06 and 135.04 respectively. All stop losses can be placed at 141.15.



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 / 06 / 2015 | Technical Analysis

XAU/USD – Strong Bullish Pressures Noticed at 1192.31

The precious metal stabilized since yesterday’s trading session at 1192.31, indeed a really critical level where both bulls and bears will take their chances to shift the price in their favor.
Looking at today’s chart, June 3, 2015, the metal will most probably attempt to break once again above 1192.31 this time.
In the scenario where the buyers will overcome the sellers in trading volume, their profits could be locked either at 1206.41 and 1212.20 respectively. All stop losses could be placed at 1167.88 and 1180.32 even though this level, 1180.32, is perceived to be a powerful support area within the overall uptrend channel.



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 / 06 / 2015 | Technical Analysis

EUR/JPY – Bearish Pressures Expected at 138.79

EUR/JPY sellers started placing some considerable downside pressures on the pair at 138.79 a really critical resistance level for today’s trading session.
Looking at today’s chart, June 3, 2015, the EUR/JPY pair has greater chances of retracing to the downside, with the bears expected to surpass bulls in trading volume.
In the scenario where the price drops, sellers could lock their profits either at 136.63 and 135.94 respectively. All stop losses could be placed at 139.42.



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 / 06 / 2015 | Technical Analysis

GBP/JPY – Will the Pair Retrace to the Downside?

The pair stabilized since yesterday’s trading session close to 190.73, a major resistance level where the sellers will most probably force the price toward lower zones.
Looking at today’s chart, June 3, 2015, the pair has greater chances of retracing to the downside, with the bears expected to surpass the bulls in trading volume at 190.73.
In the scenario where the price drops, sellers could lock their profits either at 189.02 and 188.57 respectively. A closer target could be 189.88. All stop losses can be placed at 191.35.



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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02 / 06 / 2015 | Technical Analysis

USD/JPY – Will the Pair Drop Today

The pair has been appreciating since the 15th of May, 2015 with the bulls having placed extremely upside pressures, giving no any option whatsoever to the bears of re-tracing the price slightly to the downside.
Looking at today’s chart, June 2, 2015, the pair has been making some considerable strong attempts to retrace to the downside without any success though. The major resistance level for today’s session is 125.03.
In the scenario where the price drops, sellers could lock their profits either at 123.67 and 122.86 respectively. All stop losses can be placed at 125.67



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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02 / 06 / 2015 | Technical Analysis

EUR/USD – Bullish Pressures Noticed at 1.0965

EUR/USD buyers exerted some considerable upside pressures on the pair since yesterday’s session, having forced the price slightly higher than 1.0965, a critical level for today’s trading session.
Looking at today’s chart, June 2, 2015, the EUR/USD has greater chances of resuming to the upside, with the buyers expected to exert more pressures on the pair.
In the scenario where the price escalates, bulls could lock their profits either at 1.1123 and 1.1196 respectively. All stop losses could be placed at 1.0750.



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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02 / 06 / 2015 | Technical Analysis

XAU/USD – Bullish Pressures are Expected to Resume

The precious metal attempted to retrace to the upside since yesterday’s trading session, having reached close to the 1206.41 level.
Looking at today’s chart, June 2, 2015, the metal will most probably attempt once again to break above 1192.65.
In the scenario where the price escalates, buyers could lock their profits either at 1206.41 and 1212.20 respectively. All stop losses could be placed at 1167.88.



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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01 / 06 / 2015 | Technical Analysis

EUR/USD – Will the Pair Escalate Today?

The pair has been declining since the 15th of May, 2015 with no intentions whatsoever of retracing to the upside. 
Looking at today’s chart, June 1, 2015, the EUR/USD has been making some considerable strong attempts to retrace upwards from 1.0816, a major support level.
In the scenario where the price appreciates, buyers could lock their profits either at 1.1143 and 1.1216 respectively. All stop losses can be placed at 1.0750.



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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