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Our Recommended Trades
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| SPOT SILVER DAILY OUTLOOK - +$ 26.15+ |
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| Update
Time: |
12 Aug 2020 16:46GMT |
SPOT SILVER DAILY OUTLOOK - +$ 26.15+
Intra-day strong rebound fm 23.45 suggests dec-
line fm Fri's 7-year 29.86 peak has made a temp.
low n retrace. to 26.15/20 wud be seen later.
Buy again on dips to 25.35 for 26.15 n only be-
low 24.95/97 may risk 24.45/50.
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| Rate: |
+$ 26.15+ |
| Strategy: |
+Target met+ |
| Position: |
+Long at 25.35+ |
| Objective: |
26.15 |
| Stop-Loss: |
+Long at 25.35+ |
| Resistance: |
26.28/26.85/27.38 |
| Support: |
25.32/24.95/24.49 |
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| WEEKLY USD/JPY OUTLOOK - +106.80+ |
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| Update
Time: |
12 Aug 2020 12:59GMT |
WEEKLY USD/JPY OUTLOOK - +106.80+
Despite dlr's resumption of erratic fall fm 111.
71 (Mar) to a 4-1/2 month trough of 104.19 on last
day in Jul, subsequent impressive rally to 106.47
last Mon on yen selling signals long-overdue cor-
rection has taken place n as price has risen after
retreat to 105.31, abv 106.47 wud head to 107.05.
Trade fm long side for this move but reckon 107.
53 shud cap upside. Only a daily close below 105.31
risks weakness twd 104.78, break, 104.19 again.
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| Rate: |
+106.80+ |
| Strategy: |
+Exit long+ |
| Position: |
Long at 105.55 |
| Objective: |
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| Stop-Loss: |
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| Resistance: |
107.01/107.53/108.16 |
| Support: |
106.47/105.31/104.78 |
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| INTRA-DAY EUR/JPY OUTLOOK - +125.69+ |
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| Update
Time: |
12 Aug 2020 09:41GMT |
INTRA-DAY EUR/JPY OUTLOOK - +125.69+
Euro's intra-day rally in Europe n then break of
last Thur's fresh 15-month high at 125.59 confirms
MT upmove fm May's 3-1/2 year bottom of 114.44 has
once again resumed n further headway to 125.69/74
then 125.95/00 wud be seen after consolidation.
Trade fm long side for 125.69 n only below 125.
10/15 indicates temp. top made, risks 124.88/93.
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| Rate: |
+125.69+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 125.29 |
| Objective: |
125.69 |
| Stop-Loss: |
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| Resistance: |
125.99/126.17/126.56 |
| Support: |
125.30/125.15/124.88 |
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| DAILY GBP/USD OUTLOOK - +1.3025+ |
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| Update
Time: |
12 Aug 2020 04:40GMT |
DAILY GBP/USD OUTLOOK - +1.3025+
Cable's selloff fm y'day's high at 1.3132 to
1.3042 in late NY suggests recovery fm Fri's low at
1.3010 has ended there n below said sup wud extend
decline fm last Thur's near 5-month peak at 1.3185
twds 1.2982 b4 prospect of rebound.
Trade fm short side for 1.3010 1st n only abv
1.3132 wud risk stronger gain to 1.3161.
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| Rate: |
+1.3025+ |
| Strategy: |
+Exit short+ |
| Position: |
Short at 1.3095 |
| Objective: |
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| Stop-Loss: |
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| Resistance: |
1.3061/1.3103/1.3132 |
| Support: |
1.3010/1.2982/1.2945 |
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| INTRA-DAY AUD/USD OUTLOOK - +0.7126+ |
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| Update
Time: |
12 Aug 2020 02:03GMT |
INTRA-DAY AUD/USD OUTLOOK - +0.7126+
Y'day's selloff fm 0.7189 n brief break below
Mon's low at 0.7141 to 0.7135 signals decline fm
last Fri's 17-month peak at 0.7243 has once again
resumed n further weakness to 0.7123, then 0.7100/
06 wud be seen b4 prospect of rebound.
Trade fm short side for this move n only abv
0.7190/95 risks 0.7217/22 b4 another fall.
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| Rate: |
+0.7126+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.7166 |
| Objective: |
0.7126 |
| Stop-Loss: |
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| Resistance: |
0.7189/0.7195/0.7222 |
| Support: |
0.7135/0.7123/0.7106 |
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| SPOT GOLD DAILY OUTLOOK - +1905.50+ |
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| Update
Time: |
11 Aug 2020 23:09GMT |
SPOT GOLD DAILY OUTLOOK - +1905.50+
Gold's selloff on Tue confirms long term rise
has made a temporary top at last Fri's record high
of 2075.10 n choppy sideways swings with downside
would be seen for weakness to 1920/1921, then 1905/
1907, however, oversold condition should keep price
abv 1873/1875 n yield rebound later.
Trade fm short side for 1905.50 n exit on subse-
quent fall. Only abv 1963/1965 would risk stronger
retracement to 1980/1983 b4 down.
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| Rate: |
+1905.50+ |
| Strategy: |
+Target met+ |
| Position: |
Short at $ 1945.50 |
| Objective: |
1905.50 |
| Stop-Loss: |
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| Resistance: |
1963.20/1982.10/1997.20 |
| Support: |
1938.20/1920.80/1907.20 |
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| INTRA-DAY GBP/USD OUTLOOK - +1.3045+ |
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| Update
Time: |
11 Aug 2020 22:57GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.3045+
Although cable's erratic upmove fm 1.3010 (Fri)
suggests early correction fm Aug's near 5-month top
at 1.3185 has formed a low, as 1.3132 has capped
intra-day rise, consolidation with downside bias is
seen, below 1.3055 (Europe), 1.3020/30 later.
Trade fm short side for 1.3045 n only abv 1.3132
wud risk gain to 1.3150/60 later.
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| Rate: |
+1.3045+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.3085 |
| Objective: |
1.3045 |
| Stop-Loss: |
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| Resistance: |
1.3132/1.3161/1.3185 |
| Support: |
1.3055/1.3020/1.3010 |
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| INTRA-DAY EUR/USD OUTLOOK - +1.1739+ |
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| Update
Time: |
11 Aug 2020 22:43GMT |
INTRA-DAY EUR/USD OUTLOOK - +1.1739+
Although euro's rally fm 1.1723 (Asia) to as
high as 1.1807 in Europe signals 1st leg of correct
ion fm Thur's 2-year peak at 1.1915 has ended, pre-
sent retreat in NY suggests intra-day top is possi-
bly made, below 1.1756 wud head back twd 1.1723.
Hold short for 1.1739 after choppy trading n
only abv 1.1807 risks 1.1819, then, 1.1842/45 tom.
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| Rate: |
+1.1739+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.1779 |
| Objective: |
1.1739 |
| Stop-Loss: |
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| Resistance: |
1.1807/1.1819/1.1850 |
| Support: |
1.1756/1.1723/1.1697 |
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| INTRA-DAY USD/JPY OUTOOK - +106.65+ |
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| Update
Time: |
11 Aug 2020 22:36GMT |
INTRA-DAY USD/JPY OUTOOK - +106.65+
Usd's intra-day cross-inspired break of prev.
Aug's 106.47 high confirms upmove fm Jul's 104.19
bottom has finally resumed n gain to 106.65 is now
envisaged, loss of momentum is likely to prevent
strong gain n reckon 106.90 wud cap upside today.
Trade fm long side for this move n only below
105.94 signals temp. top is made, risks 105.71/75.
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| Rate: |
+106.65+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 106.30 |
| Objective: |
106.65 |
| Stop-Loss: |
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| Resistance: |
106.65/106.90/107.28 |
| Support: |
106.23/105.92/105.71 |
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| INTRA-DAY GBP/USD OUTLOOK - 1.3078 |
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| Update
Time: |
11 Aug 2020 16:16GMT |
INTRA-DAY GBP/USD OUTLOOK - 1.3078
Although cable's erratic upmove fm 1.3010 (Fri)
suggests early correction fm Aug's near 5-month top
at 1.3185 has formed a low, as 1.3132 has capped
intra-day rise, consolidation with downside bias is
seen, below 1.3055 (Europe), 1.3020/30 later.
Exit prev. short n sell again at 1.3085 as only
abv 1.3132 wud risk gain to 1.3150/60.
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| Rate: |
1.3078 |
| Strategy: |
Exit short n sell at 1.3085 |
| Position: |
Short at 1.3113 |
| Objective: |
1.3045 |
| Stop-Loss: |
1.3105 |
| Resistance: |
1.3132/1.3161/1.3185 |
| Support: |
1.3055/1.3020/1.3010 |
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| SPOT SILVER DAILY OUTLOOK - +$ 27.60+ |
|
| Update
Time: |
11 Aug 2020 12:01GMT |
SPOT SILVER DAILY OUTLOOK - +$ 27.60+
Although silver has rebounded after intra-day
selloff fm 29.27 to 27.71, present retreat fm 28.37
suggests recovery is over n wud head to 27.60/70.
Sell again on pullback to 28.30 for 27.60 n only
abv 28.55/60 risks stronger retrace. to 28.75/80.
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| Rate: |
+$ 27.60+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 28.30+ |
| Objective: |
27.60 |
| Stop-Loss: |
+Short at 28.30+ |
| Resistance: |
28.47/29.03/29.40 |
| Support: |
27.39/27.21/26.97 |
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|
| SPOT GOLD DAILY OUTLOOK - +$ 1975.00+ |
|
| Update
Time: |
11 Aug 2020 11:50GMT |
SPOT GOLD DAILY OUTLOOK - +$ 1975.00+
Gold's intra-day selloff fm 2031.10 to as low
as 1983.80 suggests decline fm last Fri's record
high at 2075.10 remains in progress n consolidation
with downside bias remains for retracement to 1974.
40, however, 1969.10 should remain intact due to
oversold condition n yield rebound later.
Look to sell on pullback for 1975.00 1st n only
abv 2006.20 would indicate a temporary bottom has
been made n risk gain to 2015.70 (prev. sup).
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| Rate: |
+$ 1975.00+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 1995.00+ |
| Objective: |
1975.00 |
| Stop-Loss: |
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| Resistance: |
1997.20/2006.20/2015.70 |
| Support: |
1974.40/1969.10/1965.60 |
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| SPOT GOLD DAILY OUTLOOK - +1985.00+ |
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| Update
Time: |
11 Aug 2020 08:10GMT |
SPOT GOLD DAILY OUTLOOK - +1985.00+
Despite gold's resumption of long term upmove to
a record high of 2075.10 last Fri, subsequent sell-
off to 2015.70 on usd's strength in post-NFP n
intra-day break of this level suggests a temporary
top has been made n downside bias remains for stron
ger retracement to 2005/07 later.
Lower short entry to 2027.00 for 2007.00 n only
abv 2049.90 would risk gain to 2064/2065 b4 pros-
pect of another fall later this week.
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| Rate: |
+1985.00+ |
| Strategy: |
+Target met+ |
| Position: |
+Short at 2005.00+ |
| Objective: |
+1985.00+ |
| Stop-Loss: |
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| Resistance: |
2015.70/2031.10/2049.90 |
| Support: |
1990.50/1981.10/1974.40 |
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| INTRA-DAY EUR/GBP OUTLOOK - 0.8975 |
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| Update
Time: |
11 Aug 2020 03:21GMT |
INTRA-DAY EUR/GBP OUTLOOK - 0.8975
Although euro's rebound after intra-day resump-
tion of decline fm Jul's peak at 0.9148 to 0.8970
in Asia suggests range trading is in store, reckon
0.8997 wud limit upside n yield another retreat, be
low 0.8970 wud extend to 0.8950/55.
Exit prev. short n sell again at 0.8990 for 0.89
50 as only abv 0.9029 wud risk gain to 0.9043.
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| Rate: |
0.8975 |
| Strategy: |
Exit short n sell at 0.8990 |
| Position: |
Short at 0.8995 |
| Objective: |
0.8950 |
| Stop-Loss: |
0.9010 |
| Resistance: |
0.8997/0.9029/0.9043 |
| Support: |
0.8970/0.8938/0.8913 |
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| INTRA-DAY EUR/USD OUTLOOK - +1.1730+ |
|
| Update
Time: |
11 Aug 2020 00:21GMT |
INTRA-DAY EUR/USD OUTLOOK - +1.1730+
Y'day's break of Fri's low at 1.1756 suggests
corrective decline fm last Thur's fresh 2-year peak
at 1.1915 wud head to 1.1722 after consolidation,
however, sup 1.1697 shud remain intact due to loss
of momentum n yield rebound later.
Trade fm short side for 1.1730 n only abv 1.1800
/10 res risks stronger gain to 1.1830/35 tom.
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| Rate: |
+1.1730+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.1770 |
| Objective: |
1.1730 |
| Stop-Loss: |
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| Resistance: |
1.1801/1.1819/1.1850 |
| Support: |
1.1722/1.1697/1.1683 |
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| INTRA-DAY AUD/USD OUTLOOK - +0.7147+ |
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| Update
Time: |
10 Aug 2020 11:54GMT |
INTRA-DAY AUD/USD OUTLOOK - +0.7147+
Aud's present break of Fri's 0.7145 low (NY)
after a recovery to 0.7172 in Asia confirms decline
fm Fri's 17-month peak at 0.7243 has resumed n wud
pressure price to 0.7123, loss of momentum wud keep
A$ abv 0.7106 in NY morning session.
Trade fm short side for 0.7137 next n only abv
0.7172 dampens daily bearishness on aussie.
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| Rate: |
+0.7147+ |
| Strategy: |
+Exit short+ |
| Position: |
Short at 0.7177 |
| Objective: |
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| Stop-Loss: |
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| Resistance: |
0.7172/0.7195/0.7222 |
| Support: |
0.7141/0.7123/0.7116 |
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| DAILY USD/JPY OUTLOOK - +106.15+ |
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| Update
Time: |
10 Aug 2020 10:55GMT |
DAILY USD/JPY OUTLOOK - +106.15+
Dlr's rally to 106.05 in post-NFP NY Fri signals
pullback fm Aug's 106.47 high has ended at 105.31
(Thur) n abv 106.19 wud bring re-test of 106.47,
abv needed to extend rise fm Jul's 104.19 bottom to
106.65, then 106.84/90 wud be seen.
Intra-day retreat to 105.73 wud yield sideways
swings b4 up n only below 105.49 risks 105.31/33.
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| Rate: |
+106.15+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 105.50 |
| Objective: |
106.15 |
| Stop-Loss: |
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| Resistance: |
106.19/106.47/106.65 |
| Support: |
105.73/105.49/105.31 |
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| INTRA-DAY USD/CHF OUTLOOK - +0.9178+ |
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| Update
Time: |
10 Aug 2020 10:41GMT |
INTRA-DAY USD/CHF OUTLOOK - +0.9178+
Usd's intra-day rise n then brief break of last
Fri's 0.9157 high after retreat to 0.9121 in NZ sug
gests near term upmove fm Wed's 5-1/2 year bottom
at 0.9051 has once again resumed n further headway
to 0.9186/91 wud be seen after consolidation.
Trade fm long side for 0.9178 1st n only below
0.9121 wud risk weakness to 0.9100/05.
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| Rate: |
+0.9178+ |
| Strategy: |
+Target met+ |
| Position: |
Long at 0.9143 |
| Objective: |
0.9178 |
| Stop-Loss: |
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| Resistance: |
0.9175/0.9191/0.9229 |
| Support: |
0.9121/0.9104/0.9087 |
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| INTRA-DAY GBP/USD OUTLOOK - +1.3040+ |
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| Update
Time: |
10 Aug 2020 10:36GMT |
INTRA-DAY GBP/USD OUTLOOK - +1.3040+
Cable's intra-day fall fm 1.3088 (Reuters) n pre
sent break of European morning 1.3047 low suggests
recovery fm Fri's trough at 1.3010 has ended n down
side bias remains for weakness to 1.3030/40 but rec
kon said Fri's bottom wud hold fm here.
Trade fm short side for 1.3040 next n only abv
1.3088 dampens daily bearishness, 1.3005/09.
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| Rate: |
+1.3040+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 1.3080 |
| Objective: |
1.3040 |
| Stop-Loss: |
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| Resistance: |
1.3086/1.3098/1.3109 |
| Support: |
1.3041/1.3010/1.2982 |
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| INTRA-DAY EUR/USD OUTLOOK - 1.1764 |
|
| Update
Time: |
10 Aug 2020 08:51GMT |
INTRA-DAY EUR/USD OUTLOOK - 1.1764
Euro's intra-day rebound after brief break of
Fri's 1.1756 low to 1.1753 in Europe suggests near
term decline fm last Thur's fresh 2-year peak at
1.1915 has made a minor bottom n range trading wud
be seen b4 heading to 1.1722 but 1.1697 shud hold.
Exit prev. short n sell again at 1.1780 for 1.17
40 as only abv 1.1801 risks 1.1819/20.
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| Rate: |
1.1764 |
| Strategy: |
Exit short n sell at 1.1780 |
| Position: |
Short at 1.1790 |
| Objective: |
1.1740 |
| Stop-Loss: |
1.1800 |
| Resistance: |
1.1775/1.1801/1.1819 |
| Support: |
1.1753/ 1.1722/1.1697 |
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| INTRA-DAY EUR/GBP OUTLOOK - +0.9010+ |
|
| Update
Time: |
10 Aug 2020 07:19GMT |
INTRA-DAY EUR/GBP OUTLOOK - +0.9010+
Euro's retreat fm Fri's high at 0.9043 suggests
further choppy trading inside recent 0.8981-0.9059
range wud continue with downside bias n below 0.90
10/12 wud bring weakness to 0.8990/95 but indicated
lower lvl shud remain intact, yield rebound.
Trade fm short side for 0.9010 n only abv 0.9053
/59 may risk gain to 0.9082/87.
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| Rate: |
+0.9010+ |
| Strategy: |
+Target met+ |
| Position: |
Short at 0.9040 |
| Objective: |
0.9010 |
| Stop-Loss: |
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| Resistance: |
0.9043/0.9059/0.9087 |
| Support: |
0.8981/0.8967/0.8946 |
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Trendsetter does not warrant or guarantee the accuracy, timeliness
or completeness to its service or information contained therein. Trendsetter
does not give, whatsoever, warranties, expressed or implied, to the
results to be obtained by using its services or information it provided.
Users are trading on their own risk and Trendsetter shall not be responsible
under any circumstances for the consequences of such activities. Trendsetter
and its affiliates, in no event, be liable to users or any third parties
for any consequential damages, however arising, including but not
limited to damages caused by negligence whether such damages were
foreseen or unforeseen.
Please also read the Hypothetical Disclaimer.
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