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Rosen's Daily

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Re: Rosen's Daily

Postby rosentray » Fri Mar 11, 2016 8:36 am

The EUR/USD is trading higher since yesterday's press conference. The pair reacted sharply bearish in the initial moments and reached 1.0820. However, the Euro decided it's time to break the resistance and pierced through the 200SMA at 1.1045 reaching as high as 1.1218.

Currently a modest decline is taking place and the EUR/USD is trading at 1.1120. Strong support at 1.1080. Major target for bulls 1.1400.
rosentray
 
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Re: Rosen's Daily

Postby rosentray » Mon Mar 14, 2016 12:55 pm

The EUR/USD lost a bit from what was gained during the last two days of the previous week. Nevertheless, the pair is now trading in the uptrend channel and looks ready to test the first support at 1.1080. If this support holds, then the pair might attempt to test first resistance which appears to be the last high of 1.1220.
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Re: Rosen's Daily

Postby rosentray » Wed Mar 16, 2016 10:26 am

The EUR/USD is trading lower today due to technicals and fundamentals combined. Main trend remains bullish, but a correction is currently taking place and driving price down below 1.11. First support 1.1060. First resistance 1.1135.
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Re: Rosen's Daily

Postby rosentray » Wed Mar 16, 2016 11:20 am

GBP/USD lost a lot and is currently consolidating. I hope it finds support and bounce off from here.
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Re: Rosen's Daily

Postby rosentray » Wed Mar 16, 2016 11:21 am

Gold is currently consolidating around the $1,230 level. Below $1220 we might witness an attempt for $1,200. Above $1,238 we are headed towards first resistance at $1,255.
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Re: Rosen's Daily

Postby rosentray » Wed Mar 16, 2016 11:26 am

Silver is close to visiting the $15 level. This would be a good time to enter the market and hold it for the long-term. First resistance is 15.35, first support is 15.00.
rosentray
 
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Re: Rosen's Daily

Postby rosentray » Thu Mar 17, 2016 2:07 pm

The EUR/USD rose to a new highs amid dovish tone by the FED. The pair is currently trading at 1.1330 with a high of 1.1342. First strong resistance is seen at 1.1410, while first strong support is seen at 1.1150.
rosentray
 
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Re: Rosen's Daily

Postby rosentray » Fri Mar 18, 2016 10:35 am

The USD/CAD is trading at 1.30 thus marking a stable support zone. Below that we might witness a drop to 1.29. If bulls manage to keep prices up, then first target is 1.3070 and getting back into the trading channel.
rosentray
 
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Re: Rosen's Daily

Postby rosentray » Mon Mar 21, 2016 10:35 am

Gold made a head and shoulders pattern on the H1 chart. Currently price is $1,1245 and Gold bears are ready to take it down to $,1225 and below. First resistance $1,255 has to be taken out in order for the precious metal to return to the short-term bullish channel.
rosentray
 
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Re: Rosen's Daily

Postby rosentray » Tue Mar 22, 2016 2:46 pm

The EUR/USD reached 1.1188 due to the blasts at Brussels airport and metro. The euro is still feeling the impact of the event as Europe is trying to stand strong and continue normal everyday life. My prayers and support is with the people of Belgium.
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