Forex Trading Online

GBPAUD: The near term extension likely to cap between 1.6610-1.6660

Like GBPUSD, we repeatedly recommended buying the pound against the Aussie dollar. We got Aussie jobs data tomorrow (Sep14) and BoE event on Friday (Sep 15). Both the events have a potential to raise the […]

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GBPJPY: Aiming at the higher end of the symmetrical triangle.

GBPJPY aiming at the higher end of the symmetrical triangle. Potential resistance seems between 147.75 and 148.45. The cross has been moving higher for four- consecutive weeks, gain more than 5%. Clearing the roof of […]

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GBP overview post CPI. BoE in focus

GBP extends the rally across the board after the CPI data. August CPI Up 0.6% MoM; up 2.9% YoY Versus Up 2.6% YoY in July. August Core CPI Up 0.6% MoM; up 2.7% YoY Versus […]

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Brent: The spread between WTI and Brent climbed to 5.85$ vs 4.93$ last week.

Rejected at 78.6% Range expected between 55-50$. Pattern divergence spotted between BRENT and WTI Brent oil re-tested the earlier resistance zone/38.2% (below chart)and rebounded on Monday session. Impact of Hurricane Irma and Harvey are likely […]

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