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EURUSD

EURUSD- 07/06/2018
Despite the latest round of setbacks into the 1.1500 area, the Euro remains confined to a medium term uptrend, with any additional weakness expected to be limited. Daily studies are already turning back up after the market finally dropped back to retest a major previous resistance turned support zone in the form of the breakout area from 2017. A daily close back above 1.1830 will strengthen the constructive outlook.
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Canada Ivey Purchasing Managers Index (PMI)

Canada Ivey Purchasing Managers Index (PMI)
The Ivey Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in Canada. A reading above 50 indicates expansion; a reading below 50 indicates contraction. The index is a joint project of the Purchasing Management Association of Canada and the Richard Ivey School of Business. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leadin…
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U.K. Construction Purchasing Managers Index

U.K. Construction Purchasing Managers Index
The Chartered Institute of Purchasing and Supply (CIPS) Construction Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the construction industry. A reading above 50 indicates expansion in the construction industry; a reading below indicates contraction. It gives an indication about the health of the construction section in the UK. Traders watch these surveys closely as purchasing managers usually have early access t…
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U.S. Nonfarm Payrolls

U.S. Nonfarm Payrolls
Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.
Latest Release
May 04, 2018
Actual 164K
Forecast 189K
Previous 135K
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.…
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Dollar Vulnerable Post Fed Minutes

Dollar Vulnerable Post Fed Minutes
In Asia, Japan will not release any Economic Data today, but the US will release some Economic Data such as Natural Gas Storage, Existing Home Sales, HPI m/m, and Unemployment Claims. So, there is a probability the USD/JPY pairwill move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Resistance. 3: 110.16.
Resistance. 2: 109.93.
Resistance. 1: 109.71.
Support. 1: 109.46.
Support. 2: 109.25.
Support. 3: 109.03.
Good luck !!!
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EURUSD

EURUSD – technical overview
Despite the latest round of setbacks, the Euro remains confined to a medium term uptrend, with any additional weakness expected to be limited. Daily studies are looking to turn back up from oversold readings, while any recovery will also open the door for the possibility of that next meaningful higher low ahead of a bullish continuation. A daily close back above 1.2000 will however be required to encourage this prospect. Setbacks are expected to be well supported ahea…
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AUDUSD This Week

My AUDUSD trading analysis & forecast for this week
I also oppened an order after first pullback....
It is an Inverse Head & Shoulders on 1 hr chart.
Good luck....!!!
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GBPUSD

GBP/USD Intraday: the downside prevails
Pivot: 1.3455
Our preference: short @ 1.3415 with targets @ 1.3390 & 1.3350 in extension.
Alternative scenario: above 1.3455 look for further upside with 1.3485 & 1.3520 as targets.
Comment: the RSI is mixed to bearish.
Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point .
Good LUCK...!!!
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USD/JPY

USD/JPY
US Dollar well supported by rising Treasury yields with 111.00 in sight
The US Dollar is trading little changed on the upside at around 110.80 against the Japanese Yen as the rising US benchmark Treasury yields support in across the board. Technically next hurdle for USD/JPY is the big figure of 111.00.
Momentum beyond the 111.00 handle is likely to get extended towards the 111.25-30 supply zone, above which the pair seems all set to extend its bullish trajectory in the near-term. On th…
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GBP/USD Intraday: the bias remains bullish.

GBP/USD Intraday: the bias remains bullish.
Pivot: 1.3505
Our preference: long positions above 1.3505 with targets at 1.3575 & 1.3600 in extension.
Alternative scenario: below 1.3505 look for further downside with 1.3480 & 1.3450 as targets.
Comment: the RSI shows upside momentum.
Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point
Good Luck !
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