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Rosen's Daily

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Re: Rosen's Daily

Postby rosentray » Fri Apr 01, 2016 4:29 pm

Gold lost more than $20 or about 2% today only after upbeat US data attracted traders and investors to buy the Greenback. Safe haven was not necessary today and the precious metal made a low of $1,208 and is currently trading around $1,215. Psychological level of $1,200 is on the radar.
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Re: Rosen's Daily

Postby rosentray » Mon Apr 04, 2016 11:36 am

EUR/USD is trading lower today after upbeat US data depreciated the pair going as low as 1.1334. Currently, the EUR/USD is trading at 1.1365. Major target for bears is 1.1230. Price has hit resistance and a correction is expected.
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Re: Rosen's Daily

Postby rosentray » Mon Apr 04, 2016 11:36 am

Silver is trading below $15. The commodity reached support at 14.82 which is also the 200SMA level and is not trading slightly below $15. First support is 14.83, second is 14.50. First resistance is 15.08, second is 15.53.
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Re: Rosen's Daily

Postby rosentray » Tue Apr 05, 2016 2:51 pm

Fundamentals are impacting EUR/USD today driving its price down today due to weakness in the European markets. Main support zone remains 1.1340, main resistance 1.1410.
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Re: Rosen's Daily

Postby rosentray » Tue Apr 05, 2016 2:53 pm

Gold saw a boost in price due to heavy pressure on major world indices. Europe and US markets are also weak today which resulted in traders and investors seeking shelter in Gold. The precious metal made a high of $1,237 and is now back into its short-term downtrend.
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Re: Rosen's Daily

Postby rosentray » Wed Apr 06, 2016 8:51 am

The EUR/USD is trading at 1.1345 after making a high of 1.1437.9. The Euro seems poised to continue depreciating against the Dollar as first support zone is seen at 1.1320, while major support is 1.1240.
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Re: Rosen's Daily

Postby rosentray » Wed Apr 06, 2016 8:52 am

GBP/JPY is trading at 155.70 going as low as 155.50. Price is yet to reach support as traders and investors have lost trust in the Sterling and might try to push prices down to first support zone at 154.60.
rosentray
 
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Re: Rosen's Daily

Postby rosentray » Thu Apr 07, 2016 2:24 pm

The EUR/USD is slightly to not changed in today's session after reaching major resistance at level of 1.1450. Low volumes are a signal for a change in trend and if this is case also, then we should see 1.1250 next week.
rosentray
 
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Re: Rosen's Daily

Postby rosentray » Thu Apr 07, 2016 2:26 pm

Gold experienced heavy buying today. The precious metal is up almost 2% or some $20. Currently, price has begun to falter at $1,242. If this resistance holds the active bulls then we might see a decline starting now.
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Re: Rosen's Daily

Postby rosentray » Thu Apr 07, 2016 8:13 pm

Slightly uplifted, the EUR/USD managed to climb above 1.1370. Lack of fresh news might drive prices down in tomorrow's session. First support zone remains 1.1320, second support zone is 1.1250.
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