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Technical Analysis
XtreamForex Daily Technical Analysis
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[QUOTE="xtreamforex26, post: 184129, member: 59158"] [SIZE=5][B][COLOR=rgb(65, 168, 95)]Technical Overview of EUR/USD and GBP/USD[/COLOR] [COLOR=rgb(184, 49, 47)]EUR/USD[/COLOR][/B][/SIZE] The EUR/USD pair will run out of the stream and reached the level 1.1916 on Thursday that indicates the technical indicators. The EUR/USD pair daily chart indicates the bearish divergence according to the Relative strength index with slow stochastic. Moreover, the bearish divergence occurs that indicates the chart lower highs that opposed the higher lows and the Higher highs in Price that will take to be the sign of the Bullish momentum. On Friday the pair was a decline at the level 0.78% to validated the uptrend exhaustion by the Thursday formed the spinning top candle that confirmed the short term bullish to a bearish trend change. All things considered, a more grounded pullback might be seen for this present week. Quick help is situated at 1.1696 (Aug. 3 low), which, whenever entered, would declare a double top breakdown on the day by day chart and open the entryways for 1.1482 (focus according to the planned move strategy). On the higher side, 1.1916 is the level to beat for the bulls. At press time, the pair is sidelined close to 1.1791. [SIZE=5][B][COLOR=rgb(184, 49, 47)]GBP/USD[/COLOR][/B][/SIZE] GBP/USD was traded around the level at 1.3050 during the early Monday's Asian meeting. In doing as such, the Cable trims increase following a U-turn a seven-day-old helpline. The information could be followed by the pair's failure to cross 200-HMA. Other than the 200-HMA and quick helpline, weak RSI conditions and waiting MACD furthermore bring up issues for the pair traders. Subsequently, they search for an away from of any of these key specialized levels for new headings. The Cable pair will be traded upside that breaks the 200 HMA at level 1.3067 that will aim to go at the level 1.3100 the pair further go up with the ascending trend line and currently traded at the level 1.3190. It will be expected, a drawback break below the referenced helpline, close at the level 1.3020, can attack the 1.3000 points to return to July 28 top close to 1.2950. It ought to likewise be noticed that the pair's ascent past-1.3190 will require approval from 1.3200 before examining the bulls. In the interim, the bears' strength past-1.2950 can feature at the level 1.2840/35. [URL deleted] [/QUOTE]
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