fxspott

fxspott

Here is an update on the DXY RECAP: In our previous analysis we expected the DXY to be bullish. DXY was trading at 90.9 and was within the ascending channel DXY fell and broke below the ascending channel and also our support at 90.6 After breaking below support we expected DXY to continue its downward trend toward 90.4, 90.0 & 89.2 DXY continued to fall to 90.39...

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Here is an update on GBP/USD RECAP: In our previous analysis we expected GBP/USD to be bearish but as DXY fell the pair continued to rise to 1.37400 range GBP/USD continued to rise and broke beyond previous resistance at 1.37600 triggering our Buy Stop at 1.37800 and hitting our buy stop TP at 1.38000, which we predicted would happen if resistance was broken....

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Here is an update on EUR/USD Note: EUR/USD has broken above the Descending channel RECAP: In our previous analysis we expected EUR/USD to be bearish and had Sell Stop positions opened @ 1.20300. as EUR/USD was below resistance at 1.20600 and was trading within the descending channel. EUR/USD broke this resistance at 1.20600 and continued to go up triggering our...

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Here is what to expect on Gold XAU/USD According to our previous analysis we expected Gold to rise all the way to the resistance at $1830 then fall back to $1800. Gold did exactly this yesterday but managed to break the resistance at 1830 triggering our buy stop at $1835. We currently in a buy. We expect Gold to continue long with the next resistance at $1875...

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Here is what to expect from EUR/USD EUR/USD triggered our sell stop from our previous analysis @ 1.20300 and fell to 1.20200 before returning back to 1.20600. We banked 200 pips at 1.20200 with 20 positions opened. We expect EUR/USD to continue to short and fall back to 1.19 range in the coming days. EUR/USD is still within the descending channel We have opened...

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Here is an update to Monday trading the GBP/USD Our Sell stop @ 1.37000 and Sell stop TP 1 @ 1.36800 enabling us to bank 400 pips as we had 20 positions(buy stops) opened for GBP/USD We have opened similar sell stops for the coming days as we expect to short the GBP/USD Sell Stop @: 1.37100 Sell Stop TP 1@: 1.36800 Sell Stop TP 1@: 1.36000 On the other hand If...

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Here is what to expect DXY hit highs of 91.25 on Monday then reversed its gains falling to 90.88 and is currently @ 90.95 We are expecting a continuation to the downside to at least 90.7-90.6 range then expect it to shoot back up back to the 91.- range NOTE: DXY might ignore this prediction and go back straight to 91.- Reason for DXY fall was due to US10Y bonds...

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According to our previous analysis we expected DXY to hit 90.9 or 90.6 then back to 91.6 DXY hit 90.9 today then made a reversal heading back to 91.6 Currently trading at 91.18-16 range We expect DXY to continue to rise as US10Y has hit a record high of 1.20 this morning, which should act as a catalyst for DXY's uptrend.

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GBP/USD has triggered our sell stop from our previous analysis Currently @: 1.36875 Adjust SL to 1.37 We expect a move further down to 1.36500 by the end of today Remember GBP/USD has an average daily movement of 100pips

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Here is what we expect from Gold in the coming week. Currently @: 1814.20 Resistance line 1 @: 1830 Resistance line 2 @: 1875 buy stop @: 1835 buy stop TP @: 1860 sell stop @: 1800 sell stop TP 1 @: 1786 Gold closed at $1814.20 last week thanks to the NFP report, after hitting lows of $1786. Bullish shark formed at $1786 on the 4H chart. We expect Gold to...

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Here is what we expect from the DXY in the coming week. DXY hit new highs of 91.6 in the past week and fell to 91.0 on Friday due to NFP report. Bearish butterfly formed at 91.6 on the 4H chart. DXY still looks bullish as it is still within the ascending channel. we expect it to continue to fall to 90.9 or 90.6 in the coming week then back to 91.6 Strong data from...

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Here is a look at the EUR/USD pair for the week ahead. Currently @: 1.20466 Resistance line 1 @: 1.20840 Resistance line 2: 1.21900 buy stop @: 1.21100 buy stop TP @: 1.21600 sell stop @: 1.20300 sell stop TP 1 @: 1.20000 sell stop TP 2 @: 1.19600 We expect the EUR/USD to hit the resistance line 1 then bounce back to 1.20400, 1.20000, & 1.19500 which was hit last...

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Here is a look at the GBP/USD pair for the week ahead. Currently @: 1.37380 Resistance @: 1.37600 break line @: 1.37800 buy stop @: 1.38000 sell stop @: 1.37000 TP 1 @: 1.36800 TP 2 @: 1.36000 We expect the GBP/USD to hit the resistance line then bounce back to 1.37000, 1.36700, & 1.35600 which was hit last week. The last 1H chart has formed a " bearish shark"...