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Forex Analysis and Reviews

USD/JPY testing major resistance, prepare to sell

The price is now testing major resistance at 112.69 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop from this level towards 112.00 support (Fibonacci extension, horizontal swing low support). Stochastic (21,3,1) is seeing strong resistance below 97% where we expect a corresponding drop from. Sell below 112.69. Stop loss is […]

Technical analysis of EUR/USD for Nov 21, 2017

There is no Economic Data will be released when the European market opens, but the US will release the Economic Data, such as Existing Home Sales, so, amid the reports, EUR/USD will move in a low to medium volatility during this day. TODAY’S TECHNICAL LEVEL: Breakout BUY Level: 1.1801. Strong Resistance:1.1794. Original Resistance: 1.1782. Inner […]

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