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Author: Livermore

Weekly Report of Forex (27th January to 31st January)

XAUUSD Technical Analysis – Gold has been resilient against all odds. Strong United States Dollar which would have originally capped any meaningful Gold gains has not prevented Gold whatsoever from its bullish momentum. This week we are looking at a potential retest of the previous highs up at around the 1610 level and will be…
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Weekly Analysis BTCUSD – 18 Nov 19

TECHNICAL ANALYSIS So long as price breaks and closes beneath current support at around 8400, I believe we will see continuation down to the 8000 magnet number FUNDAMENTAL ANALYSIS Relatively quiet week ahead for the USD and it’s with that in mind I believe in bearish continuation with this pair. Path of least resistance is…
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Weekly Market Forecast – 18 Nov

TECHNICAL ANALYSIS A break and close above key 141 resistance open up the door for a push higher. Little in the way of meaningful resistance up to 144. FUNDAMENTAL ANALYSIS Positive UK election polls favor Tory majority which in turn should favor a strong pound. China-US trade is “RISK ON”. Weaker JPY to prevail

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AUDNZD Weekly Analysis – 11th Nov

The AUD/NZD pair hits previous daily highs and shows strong signs of rejection. This comes at the same time as price hitting the ascending channel limit. From this stage on, our bias is that price could very well continue bearish throughout the week ahead. We will be targeting the 1.07000 level as our level of…
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USDCAD Weekly Analysis 11th Nov

TECHNICAL ANALYSIS Price has reached daily 200EMA plus resistance level and has began to show signs of weakness. I will be looking for a continuation of weakness in the USD/CAD targeting 1.31200 FUNDAMENTAL ANALYSIS FED Chair Powell speaking several times throughout the week. Will be expecting more insight on economic outlook, stimulus and hints of…
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TECHNICAL ANALYSIS Trend continuation, recent pull back into 50% resistance confirmed with bearish 4h engulfer. Resistance seen at 1.1080 so stops above. Weekly target 1.0950 very possible. FUNDAMENTAL ANALYSIS USD bond yields pushing 2 %, 325 bp rise since last week’s cut. Euro yields are negative. The yield differential should push this pair back down…
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TECHNICAL ANALYSIS Price continues to fail against the 1512-1515 resistance zone and even with the assistance of poor data from the US has shown no evidence of a breakout. I would be on the side of the bears this week targeting previous lows at 1485.00 FUNDAMENTAL ANALYSIS FOMC last week cut rates by 0.25% in…
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TECHNICAL ANALYSIS Consolidation with an uptrend bias likely as the higher lows on pull back continue. We are likely to put in a further challenge to the 140.75 resistance. A break and a close above paths the way to 143.50. Although maybe not this week! FUNDAMENTAL ANALYSIS With no deal Brexit off the table (for…
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TECHNICAL ANALYSIS Daily and weekly 8GAPS have been closed and price continuation south resumes. This week I’ll be targeting the 0.82000 magnet as a key area, but should it break and close beneath, a test of the lower trend level is likely. FUNDAMENTAL ANALYSIS BoC this week likely to hold rates unchanged at 1.75%. I…
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