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Violated the "Falling Wedge"

The top of the wedge setting bullish is been violated.
After an initial phase of prices return (pull back) to $ 13.00 area, we can attend a further increases, which identify the first target at $13.16 - $13.25 and finally $13.38 area.
The "momentum" MACD is in "positive divergence" supporting the view just described. His return to positive area (above the 0 line) will confirm the start of the rebound.
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Short-Terme: Descending Triangle

In the medium term the spot silver results in a large triangle (falling wedge), the upside reversal pattern.
However, reducing the horizon time, the precious metal resides in a descending triangle, suggesting, for now, the continuation of the decline started from April 24, 2011.
Against this background, after a first initial reaction to $19.40, I expect a new and decisive drop to the first target in 18.50 - $ 18.00 and then $ 17.80 area.
Already for some time, the large traders are closing thei…
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Potential Momentum's Bottom

In a long-term the cross AUS-USD is in a downtrend channel started from 1.1065 area (highs of July 2011).
After reaching the 0.8660 zone, the price reacted, now being outburst of positive divergence (daily-weekly chart) detectable on the indicator MACD.
In this context, after the break up of the downtrendline from the 1.0585 highs, the prices have continued to rise up to 0.9300 area.
The indicators are still in the positive zone (upward) and do not mention to weaken. As a result, from the closur…
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Expected short-term reversal on USD-CAD

The prices have broken out the 1.0820 area (bearish trendline drawn from afar August 2002).
However, if a long-term context I think that the rise could continue, in the medium - short term the chances of being able to witness a decline are high.
In fact, from a technical point view, the prices are in area 1.1237 (resistance band represented by the 50% retracement of the fall from the highest of March 2009 and the bullish uptrendline previously perforated.
Consequently, it waits for a potential p…
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Convallium avatar

Good analys, my friend)

Loughney81 avatar

Tks my dear friend!!!!

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The Institutional increase long positions

We assume that the institutions are increasing their longpositions on the Mexican peso as shown on the chart below (from -33,940.00 - 11/2 to -1,654.00 - 25/3) with the COT index has exceeded 50.
From the following chart the prices are resting on thesupport dynamic in area 13,00, with the MACD past in negative area. In this
case, you look momentary rebounds with new downward pressures that it will violate the support represented by the blue line ascending.
The forecasts indicate target price 12…
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Convallium avatar

Good analys! Well done!

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Expected short bearish trend

The prices ascent from the August 2012 lows (from which he started a new cycle of about 2 years and 2 months) reached 1.5587 area, without indecision (1 cycle being long term bullish).
However, we can see on the chart, that area 1.5470 (61.8% retracement from the highs to 1.7505) was fully recognized, favoring a return of prices to 1.5100.
Now, being almost completed the first cycle bullish and with the presence of "negative divergence" of the MACD, to 1.5587 area is a short bearish phase that i…
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Maria_r avatar
Maria_r 31 mar

+100

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Trend is your friend

If the current week closing in around $ 1,260 (12/06/2013 confirmable with settlement) would create a bullish candle "hammer", triggering at least for a few weeks a trend sideways with bullish potential target to $ 1,300.
However, the underlying trend remains set to fall as a result do not exclude new push-ups, with also descended below the lows of June 2013 to $ 1180, $ 1120 towards (the target 2013/02/3), , forming also a positive divergence on the MACD.
View is reinforced by INSTITUTIONAL tha
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jezz avatar
jezz 4 déc

Predicting gold price... good luck on that

Loughney81 avatar

we try :-)!!!!

Mariia avatar
Mariia 29 mar

Good luck!!!

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Uptrend in outperformance

The uptrend (started from the July lows) outperformed, reaching 139,70, in conjunction with the 61.8% retracement (downtrend from 170.32 to 94.318) and maximum of June 2009. Technically, we can not exclude a last spike to 141.30, however, the future expectations will remain focused on the possible declines (physiological nature), at least until 130,00. The view also reinforced from MACD momentum in negative divergence on the weekly chart.
Analysing the COT's chart, it can not notice that the …
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Rising wedge formation

In a medium-long term, the current uptrend started from lows of 23 July 2012 (1.2050) and at the maximum in the 1.3815 area is configuring like a rising wedge (in this case the downtrend continuation pattern). This uptrend is seen as a correction in the larger downtrend triggered from the highest at 1.4939 on May 2, 2011. In detail, the highest level reached to 1.3815 is the 61,8% of the Fibonacci level (of the drop from 1.4939 and 1.2052). At this prices, the fall is started. Moreover, on the …
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jezz avatar
jezz 2 déc

You're a little late, but I wish you good luck.

Loughney81 avatar

Why late?

jezz avatar
jezz 2 déc

Well, not late late not to be in the competition. I hope you read the rules, it only concerns the size of the prize.

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