- forex leaning place

forex leaning place

The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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    Saturday 6 August 2016

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    Market Analysis of the 8th of August 2016 : Opportunities on EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, XAU/USD, EUR/JPY, USD/CAD & NZD/USD D1, H4 & H1


    Click on the Menu on "Market Analysis" for all the analysis.

    Daily Charts: Still some lovely trends on the daily charts for the start of the month.

    EUR/USD: The alligator is sleeping, no trend, patience.
    GBP/USD: The price has broken the box so we expexct a second push of the wave 3, look for shorts.
    USD/JPY: The price is below the alligator, downtrend, look for shorts.
    USD/CHF:  There is no trend, patience.
    AUD/USD: The price is above the alligator, still uptrend, look for longs.
    EUR/JPY:  The price keep dropping after the break of the box, downtrend, look for shorts.
    USD/CAD: It still looks like the wave 4, patience.
    NZD/USD: The price is above the box, uptrend, look for longs with prudence.
    XAU/USD: The wave 5 is loosing some steam after reaching TZ1, patience.

    For orientation/direction of trades, click  "Signals" in the menu (On Monday 8th of August  from 8:00 GMT+1)

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