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The long term bias is still bullish on XAU/USD

Daily Vision

The XAUUSD was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above 1 695.23.
I still prefer a bullish intraday scenario at this phase targeting 1 685.23 region.
Immediate resistance is seen around 1 254.23. A clear break and daily close above that area could trigger further bullish pressure testing 1 654.23 region. Immediate support is seen around 1 232.23.
A clear break below that area could trigger further bearish pre…
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EURAUD facing a strong trend line resistance

Daily analysis
EURAUD opened the week at 1.5187 and touched a high of 1.5190. The pair then reversed directions and dropped to 1.5028, as support held firm at 1.5026. The pair closed the week at 1.5031. And the price of 1.5000 has been significant in the recent history of EURAUD, and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 1.5000 level for risk wit…
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Long term bias is still short on CADJPY

Daily analysis
CADJPY opened the week at 86.76 and touched a low of 86.45. It was all uphill for the pair, which hit a high of 86.25, putting strong pressure on resistance at 86.45, CADJPY closed the week at 86.35. With the pair posting sharp gains last week, we begin with a top level at the round number of 86.25. The round number of 86.74 was a swing low and remains of importance. 86.65 was the high and a key resistance line. 86.85, which was a swing low, has switched to resistance. It is a wea…
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USD/CHF Loses upside momentum

Daily analysis
USDCHF printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 0.9600 level. A turn below here will open the door for more weakness targeting the 0.9550 level and followed by the 0.9600 level. A cut through here will bring additional weakness towards the 0.9550 level.
weekly analysis
Weekly RSI is bearish and pointing lower suggesting further weaknes…
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Clear Image of Bearish trend on GBP/USD

Daily analysis

GBP/USD opened the week at 1.5433 and touched a high of 1.5507. The pair then reversed directions, dropping to a low of 1.5302, as support held firm at 1.5269. The pair closed the week at 1.5309.
Technical lines from top to bottom 1.5825 was an important cap in November 2014. 1.5769 is the next resistance line. 1.5682 was a key resistance line in December 2014 and January 2015. 1.5590 is the next line of resistance. 1.5485 was a cap in the first half of September. 1.5341 continue…
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