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Forex Forum to Share, Discuss, Communicate and Trade Forex • Rosen's Daily
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Re: Rosen's Daily

PostPosted: Tue Jul 26, 2016 7:12 am
by rosentray
EUR/USD looks a bit uplifted in today's early hours of the European session. The pair reached a high of 1.1020 and is currently trading at 1.1011. Main trend on the short-term is bullish. Scheduled for later today is the US Consumer Confidence that may create volatility in the pair.

Re: Rosen's Daily

PostPosted: Tue Jul 26, 2016 7:21 am
by rosentray
USD/JPY is trading lower due to technicals and fundamentals combined. The pair reached a high of 107.50 and started goind downhill. USD/JPY is currently trading at 104.22 about to end a second consecutive day in the red.

Re: Rosen's Daily

PostPosted: Wed Jul 27, 2016 6:49 am
by rosentray
EUR/USD is consolidating around 1.0990 in anticipation of the FED Interest Rate Decision scheduled for later today. Major support is seen at 1.0960. First bull target is seen at 1.1070.

Re: Rosen's Daily

PostPosted: Wed Jul 27, 2016 6:52 am
by rosentray
USD/JPY reached minor resistance in today's early hours at 106.54 and is now trading at 105.62. The pair is in a long-term downtrend with major bear target at 98. Before that milestones are seen at 103 and 100.50. On the other hand, major bull target is to break above 108.00.

Re: Rosen's Daily

PostPosted: Thu Jul 28, 2016 7:25 am
by rosentray
The EUR/USD is trading higher after the FED decided to leave the rates unchanged. The pair went from 1.0961 to a current market price of 1.1109. First resistance is seen at 1.1140, while first support is found at 1.1020.

Re: Rosen's Daily

PostPosted: Thu Jul 28, 2016 7:33 am
by rosentray
Gold reached a high of $1,342 after the FED did not touch the rate. The precious metal found support at $1,311 and since then it has been trading to the upside. First and minor support is seen at $1,324, while first resistance is seen at $1,347.

Re: Rosen's Daily

PostPosted: Fri Jul 29, 2016 7:42 am
by rosentray
The EUR/USD is trading somewhat unchanged compared to yesterday's level. The pair is now 1.1094. In a bit more than an hour we have scheduled the EU GDP (YoY). This may create volatility and if it's positive, we might see price going above 1.1130.

Re: Rosen's Daily

PostPosted: Fri Jul 29, 2016 7:48 am
by rosentray
Gold lost some of it's price in today's session after yesterday's high of $1,345. The precious metal is now trading at $1,333 and has a solid support at $1,325.

Re: Rosen's Daily

PostPosted: Mon Aug 01, 2016 5:51 am
by rosentray
The EUR/USD is trading higher since Wednesday last week when the FED decided not to raise the interest rate. The pair went from 1.0961 to a high of 1.1197 in less than three days. today the pair is trading at 1.1175 as the trend is looking slightly exhausted.

Re: Rosen's Daily

PostPosted: Mon Aug 01, 2016 5:53 am
by rosentray
AUD/USD is trading close to resistance at 0.7650. If bulls manage to drive prices to that level bears will try to bring it down to first support zone at 0.75. Currently price is 0.7611.