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Rosen's Daily

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Re: Rosen's Daily

Postby rosentray » Mon Jul 18, 2016 4:36 pm

The EUR/USD is trading flat in today's session due to lack of fresh news and events. Technically, the pair is consolidating around the 1.1050 level. Today's high is 1.1084 and the price is now 1.1076.
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Re: Rosen's Daily

Postby rosentray » Mon Jul 18, 2016 4:37 pm

Gold lost some of its shine today after making a high of $1,335. The precious metal is now trading at $1,327 and it looks like it will keep pushing lower. The events in Turkey were not enough to boost prices. First support is seen at $1,321.
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Re: Rosen's Daily

Postby rosentray » Tue Jul 19, 2016 8:19 am

The EUR/USD is losing some ground in today's session but it is still trading in the range of its yesterday's high and low. The pair is now at 1.1054, down from 1.1080.
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Re: Rosen's Daily

Postby rosentray » Tue Jul 19, 2016 8:20 am

Silver is in the red in today's trading. After it reached a high of 21.16, the metal started going downhill and is now trading at 19.90. Is is expected that it would continue depreciating with first resistance at 19.20
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Re: Rosen's Daily

Postby rosentray » Wed Jul 20, 2016 6:03 pm

The EUR/USD reached a low of 1.0981 in today's session and recovered to a current price of 1.1004. Major level of support is seen at 1.0955.
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Re: Rosen's Daily

Postby rosentray » Wed Jul 20, 2016 6:07 pm

Gold lost more than $20 in today's session after market participants took profits from the bull run that started a few weeks ago at $1,200/oz. Price was highest today at $1,338 and is currently trading at $1,317 with a low of $1,313.50. Bearish momentum is expected to continue until the end of the week.
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Re: Rosen's Daily

Postby rosentray » Fri Jul 22, 2016 5:37 pm

The EUR/USD reached major support in today's session with a low of 1.0956. Bulls are expected to take action and buy the dip while bears will try their best to push price below support to first target at 1.0910.
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Re: Rosen's Daily

Postby rosentray » Fri Jul 22, 2016 5:40 pm

USD/CAD reached first resistance today in the face of 1.3180. The pair went through the upper triangle line at 1.3050 and continued steady to reach prior high and make a double top. If this holds, first bear target is 1.3030.
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Re: Rosen's Daily

Postby rosentray » Mon Jul 25, 2016 6:21 am

The EUR/USD is trading at support at 1.0970. If this level is broken we might see an attempt of Bears to go to 1.0900. On the other hand, it 1.0970 is a successful support Bulls might attempt to break above first resistance at 1.1035.
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Re: Rosen's Daily

Postby rosentray » Mon Jul 25, 2016 6:23 am

Gold reached a low of $1,313 in today's early hours and is currently trading at $1,318. The precious metal is at support for a second time since last week and if this level holds we might see Gold going to $1,400. Milestones until then: $1,335; $1,350; 1,375.
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