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Forex Market News :
ANZ economists on the Australian dollar, a very quick take:
The run-up to 0.8000 looks stretched. Continued uncertainty about the USD may hold the AUD up, however
For the Reserve Bank of Australia (next meeting is not too far away, September 5):
We see rates on hold at1.5%. Recent datas uggests the risks to the upside are rising.
We have used statistical techniques to analyse the language in the RBA's post-board meeting statements. From this we have constructed a measure of the RBA's bias - our RBA Bias Index. This index provides a clear signal about the likely change in the cash rate over the coming 6-12 months (Figure 3). It also leads changes in market pricing of the RBA cash rate.
The most recent post-meeting statements have taken the RBA Bias Index a little above one.
This indicates the RBA's policy bias is starting to lean in a slightly hawkish direction.
We don't think the signal is yet strong enough to shift our view from 'on hold', but the evolution of the RBA's language clearly bears watching.
Forex Signals: Date: 22-Aug-2017
ENTRY POINT: Buy at 109.25
TAKE PROFIT: 109.56
STOP LOSS: 108.84
ENTRY POINT: Buy at 0.9654
TAKE PROFIT: 0.9685
STOP LOSS: 0.9613
ENTRY POINT: Sell at 1.1796
TAKE PROFIT: 1.1765
STOP LOSS: 1.1837
ENTRY POINT: Sell at 1.2863
TAKE PROFIT: 1.2832
STOP LOSS: 1.2904
Helpful Link :
Forex Signals Service
EUR/USD resistance is looming. I just noticed this technical analysis from Société Générale overnight
Major Currency Signals (Date: 01-08-2017)
EURUSD: 16 Pips USDJPY: 41 pips GBPUSD: 00 pips USDCHF: 00 Pips
TOTAL PROFIT HIT: 57 Pips
In an accelerated up trend, EUR/USD is now probing the 100 week MA and more importantly it is closing in on our advocated target of 1.1875 which corresponds to the lows of 2012 and a projection for the ongoing move.
(Note - not just closing in, its now hit there)
SG go on:
It is tentatively piercing above a steep daily upward channel however the move now appears to be a bit overstretched as both weekly and daily indicators are at their respective resistance levels.
In case of persistent bullish momentum, next objective will be near 2012 lows of 1.2043. 1.1760 is an immediate support while previous highs of 1.1714/1.1675 should cushion short term downside. Down sloping channel drawn since 2015 at 1.1490/60, also the 23.6% retracement from January will be a medium term support
Status: Close ENTRY POINT: Sell at 1.2440 TAKE PROFIT: 1.2409 STOP LOSS: 1.2481 DATE: 05-Apr-2017
Status: Close ENTRY POINT: Buy at 110.60 TAKE PROFIT: 110.91 STOP LOSS: 110.19 DATE: 05-Apr-2017
Status: Close ENTRY POINT: Sell at 1.0674 TAKE PROFIT: 1.0643 STOP LOSS: 1.0715 DATE: 05-Apr-2017
Status: Close ENTRY POINT: Buy at 1.0015 TAKE PROFIT: 1.0046 STOP LOSS: 0.9974 DATE: 05-Apr-2017
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