elkaninvestment's Blog

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USDCHF going UP

The pair has taken a nice bounce from a very good support of 0.880.
I expect it to be on bull rally now. target is 0.921
It can also be seen by daily chart.
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A not very famous pair :)

A bounce is seen and i am expecting a good reversal and next resistance level is 0.884.
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Cable going down!

The current resistance of 1.642 is respected nicely. With divergence and other indiactors showing short trend the next support is 1.5920
attached is the daily chart that suggest almost same.
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elkaninvestment avatar

Not going to take longs now

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Silver

Silver seems stable a bounce can be observed to 22.6 level.
the weekly chart below tells the story better
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arsalanadnan avatar

nice one

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GBPNZD

After testing a high of 2.026 it should retrace to a very strong support of 1.926
daily chart supports the perspective.
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arsalanadnan avatar

you are good

elkaninvestment avatar

thanks

elkaninvestment avatar

should be a right prediction

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Gold

Indicators suggest gold will break the next resistance of 1261 and will target 1294.
daily chart is also telling the same story
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EURUSD BEARISHNESS

The pair should resumes its bearishness after testing a high of 1.380. My technical indicators suggest it to be bearish.The daily chart is also self explanatory.
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arsalanadnan avatar

goOd idea

elkaninvestment avatar

thanks arsalanadnan

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CABLE ALL THE WAY

WEEKLY TECHINCAL OUTLOOK ON CABLE: Deciding on the way that you want to trade ‘The Cable’, this will walk you through a way of trading ranges. GDP to be announced just 24 hours away from now and testing a key resistance of 1.5400, a reversal in Cable’s move is expected.The weekly chart suggests a good move taken from the bottom and bouncing to 1.5400. Cable looks like respecting these levels. GDP is expected at 0.6% as compared to previous 0.3%. For Cable bulls it might be a bad day and retrac…
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elkaninvestment avatar

This blog was posted on July 24th and 1.51 was predicted for cable (Y)

arsalanadnan avatar

goOd

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Fundamentals and technicals

To me the combination of technicals and fundamentals is the key to success.
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