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EUR/USD

Technical Indicator Used:
horizontal/vertical lines
support/resistence
EMA : 200 , 100
Bollinger Bands
Fundamentals:
US: Rate hike cycle
EU: No tapering
Trends: Weekly, Monthly down / daily up
Eur/Usd is correcting up to ema 200, some change of fundamentals could support this thesis.
Weekly Chart:
Monthly Chart:
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Fed’s Yellen Confirms December Rate Hike

As the market points to a nearly 100 percent probability that the US Federal Reserve will raise interest rates in December, Janet Yellen warned of the risks of postponing that decision. Taking too much time to make that decision may lead the Fed to have to steeply raise interest rates in the future or create excessive risk behaviors in the markets. And he says the climb will happen "soon".
Yellen was broadly optimistic surrounding the economic outlook as growth appeared to have picked up from it…
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GBP/USD - Heavly consolidation!

  • Charts: 4Hours, 1 Day.
  • Elements used: Fiboancci Fan Lines, Supports & Resistances.
  • Prepared with : JForex 4.
  • Current Level : 1.6766
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Metal_Mind 25 June

UPDATE 1: Current price level is 1.6990 which is an over 200 pips deviation from target.From the current setup  i see the price leve very far from target.

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Metal_Mind 27 June

UPDATE 2: Deviation increased in the meantime to over 270 pips.

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GBP/NZD - Bullish amid rate hike talks!

  • Charts: 4Hours, 1 Day.
  • Elements used: Fiboancci Fan Lines, Fibonacci Retracemets.
  • Prepared with : JForex 4.
  • Current Level : 1.9661
[list][/list]…
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Metal_Mind 25 June

UPDATE 1: Current price level is 1.9548 which represents  a 140 pips  deviation from target. Currently the pair is moving within a 200 pips range. Since this is such a volatile pair ,everything can happen. The target could be met or not in the remaining days.

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Metal_Mind 27 June

UPDATE 1: The deviation increased to over 386 pips from previous 140 pips as a result of a 1 day strong sell wave.

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DAY 27 - Japan's Consumption Tax Hike

Over the next few weeks, the big question for the Bank of Japan, Nikkei, Japanese Yen and JGB traders is the amount of damage that the consumption tax hike had on the economy. One would naturally assume that after spending strongly in March in the lead up to the April 1 tax hike, demand would retreat aggressively in April and May. This possibility would deter business activity and investment as companies in Japan wait to see how much drag the tax had on the economy.
However based on the initial…
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