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Author Topic: Rosen's Daily  (Read 18981 times)

Offline rosentray

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Re: Rosen's Daily
« Reply #30 on: March 28, 2016, 09:20:01 AM »
The EUR/USD is trading at support at 1.1170. Price has managed to stay in the ascending trading channel and if this level holds then we might see the pair reach 1.1450 next month. First support 1.1170, first resistance 1.1230.

Offline rosentray

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Re: Rosen's Daily
« Reply #31 on: March 28, 2016, 09:20:57 AM »
Gold made a new low in the early trading hours going as low as $1,208. While bulls still have some hopes of price going up, bears are expecting $1,200 to be taken out. First support $1,208, first resistance $1,220. Major target $1,195.

Offline rosentray

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Re: Rosen's Daily
« Reply #32 on: March 29, 2016, 02:42:02 PM »
The EUR/USD is trading higher today due to support level reached yesterday. The pair made a high of 1.1225 and is currently trading at 1.1215. Please be aware that we have important statement from FED's Chairman Janet Yellen in less than a couple of hours.

Offline rosentray

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Re: Rosen's Daily
« Reply #33 on: March 29, 2016, 02:44:06 PM »
Gold saw some safe-haven buying in the past hours partly impacted by the expectations that a rate hike might be postponed. The press conference of FED's Chairman Janet Yellen will impact the Gold market so staying away might be the best some people could do.

Offline rosentray

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Re: Rosen's Daily
« Reply #34 on: March 30, 2016, 11:39:51 AM »
The EUR/USD is trading higher in today's session after it became clear that Janet Yellen is not going to raise rates next month. Traders and investors read her commentaries as bearish for the dollar and the pair surged to 1.1250 mid-event. Early this morning the EUR/USD made a high of 1.1330, first resistance and is now trading at 1.1312.

Offline rosentray

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Re: Rosen's Daily
« Reply #35 on: March 30, 2016, 11:42:21 AM »
Gold is shining again today as the weak US dollar boosted investors' interest in the safe-haven asset. Gold reached its resistance at $1,243 and is now trading at $1,237. Main trend remains bearish for the short-term with first target $1,220.

Offline rosentray

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Re: Rosen's Daily
« Reply #36 on: March 31, 2016, 08:12:52 PM »
The EUR/USD made a high today at 1.1411, exactly where resistance is. The pair is now trading around 1.1380. If 1.1410 is not taken out by tomorrow there is a chance that bears might be able to bring the Euro down and go below 1.13.

Offline rosentray

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Re: Rosen's Daily
« Reply #37 on: March 31, 2016, 08:13:34 PM »
Gold recovered some $8 in today's session due to profit taking and bargain hunting. The precious metal is now trading around $1,233 with first resistance at $1,243. First support zone is $1,220.

Offline rosentray

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Re: Rosen's Daily
« Reply #38 on: April 01, 2016, 05:27:59 PM »
EUR/USD is trading lower after stronger than expected US monthly report. The pair was in buy mode for the week until the latest NFP data was announced and the dollar surged going back below 1.14, making a low of 1.1334. Be aware that 1.1410 is resistance and dollar bulls will try to keep price under this level.

Offline rosentray

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Re: Rosen's Daily
« Reply #39 on: April 01, 2016, 05:29:15 PM »
Gold lost more than $20 or about 2% today only after upbeat US data attracted traders and investors to buy the Greenback. Safe haven was not necessary today and the precious metal made a low of $1,208 and is currently trading around $1,215.  Psychological level of $1,200 is on the radar.

Offline rosentray

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Re: Rosen's Daily
« Reply #40 on: April 04, 2016, 12:35:58 PM »
EUR/USD is trading lower today after upbeat US data depreciated the pair going as low as 1.1334. Currently, the EUR/USD is trading at 1.1365. Major target for bears is 1.1230. Price has hit resistance and a correction is expected.

Offline rosentray

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Re: Rosen's Daily
« Reply #41 on: April 04, 2016, 12:36:44 PM »
Silver is trading below $15. The commodity reached support at 14.82 which is also the 200SMA level and is not trading slightly below $15. First support is 14.83, second is 14.50. First resistance is 15.08, second is 15.53.

Offline rosentray

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Re: Rosen's Daily
« Reply #42 on: April 05, 2016, 03:51:43 PM »
Fundamentals are impacting EUR/USD today driving its price down today due to weakness in the European markets. Main support zone remains 1.1340, main resistance 1.1410.

Offline rosentray

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Re: Rosen's Daily
« Reply #43 on: April 05, 2016, 03:52:48 PM »
Gold saw a boost in price due to heavy pressure on major world indices. Europe and US markets are also weak today which resulted in traders and investors seeking shelter in Gold. The precious metal made a high of $1,237 and is now back into its short-term downtrend.

Offline rosentray

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Re: Rosen's Daily
« Reply #44 on: April 06, 2016, 09:51:33 AM »
The EUR/USD is trading at 1.1345 after making a high of 1.1437.9. The Euro seems poised to continue depreciating against the Dollar as first support zone is seen at 1.1320, while major support is 1.1240.