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Rosen's Daily

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Re: Rosen's Daily

Postby rosentray » Thu Apr 07, 2016 8:20 pm

GBP/USD is about to end the day in red losing more than 100 pips. It is currently trading around 1.4050 and has again entered the downtrend channel seen on the daily chart. First support is current market price, second support is 1.3980. Major bear target 1.35.
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Re: Rosen's Daily

Postby rosentray » Mon Apr 11, 2016 2:37 pm

The EUR/USD is trading higher today but it still remains in the range it's been in for the past few days. Once we see a break above 1.1460 then we might conclude that the sideways movement is over and the pair will go further up. Currently the EUR/USD is trading at 1.1435.
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Re: Rosen's Daily

Postby rosentray » Mon Apr 11, 2016 2:40 pm

Gold is up with more than $16 in today's session due to weaker dollar. No major news are expected today so the precious metal might continue to rally and reach first resistance zone at $1,260. If this level is broken then we might very well be headed for the psychological zone of $1,300.
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Re: Rosen's Daily

Postby rosentray » Tue Apr 12, 2016 7:40 am

EUR/USD is trading lower today reaching 1.1434 and currently trading at 1.1425. Price appears to be trading sideways range bound between 1.1350 and 1.1450. Should we see a break above 1.1480 then we may consider that the EUR/USD is on its way North. Until then market sentiment remains bearish with first target 1.1310 and second target 1.1290.
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Re: Rosen's Daily

Postby rosentray » Wed Apr 13, 2016 1:47 pm

EUR/USD is trading lower today due to technicals impacting price movement. The pair reached resistance a few days ago going to 1.1470 and then took it down 1.1295. Currently, the EUR/USD is trading at 1.1304 with first support at 1.1270 and first resistance at 1.1450.
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Re: Rosen's Daily

Postby rosentray » Wed Apr 13, 2016 1:48 pm

Gold is trading lower today after it reached a high of $1,263 and then succumbed to a low of $1,240. Currently, the precious metal is trading at $1,250. Main short-term support is $1,230, main short-term resistance is $1,269.
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Re: Rosen's Daily

Postby rosentray » Thu Apr 14, 2016 8:18 pm

The EUR/USD reached 1.1233 in today's trading session and is currently trading at 1.1258. 1.1260 is support now and price might attempt to climb above this level and possibly close the week above 1.13.
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Re: Rosen's Daily

Postby rosentray » Thu Apr 14, 2016 8:19 pm

Gold lost close to $20 in today's trading session due to major technical resistance at the level of $1,263. Price found initial support at $1,230 and climbed to higher than open price only to fall short and bring it back down below $1,230. Currently, Gold is trading at $1,225 and a move up is expected.
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Re: Rosen's Daily

Postby rosentray » Fri Apr 15, 2016 8:11 am

The EUR/USD is trading relatively unchanged since yesterday's close as it seems to have been caught in a range between 1.1280 and 1.1240. A move to the upside might be expected as price is resting on a short-term support zone.
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Re: Rosen's Daily

Postby rosentray » Fri Apr 15, 2016 8:12 am

Gold is trading at $1,229 which falls below the short-term bull channel. With price out of the bull protection, bears might attempt to take it further down to possible levels around $1,200.
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