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EURCHF: Near to reversal?

In H4 timeframe, EURCHF is moving within the descending triangle between the trend line T1 and support S1. As long as 5 EMA remains above 33 EMA and RSI(14) above 50 respectively, we suppose that the pair could maintain the uptrend towards around 1.14 level, where 61.8% Fibonacci level takes place. In addition, Stochastics(5,3,3) is […]

Asia shares hit 1-year high…

     Good Morning,   – The euro stood at $1.3650-70 level after hitting a three-month trough of $1.3634 on Wednesday. The dollar took some advanced against the euro yesterday, which has been hurt by growing expectations the ECB will ease monetary policy in June and potentially destabilizing European Parliament elections later this week. – […]

USOIL is approaching the psychological 50 Level

USOIL continues heading to 50$ level after regaining around 6$ from the lows at 44. The 50 level is an important psychological area for the market. If Crude violates it to the upside with volume, then it targets 52 area. The market is discounting the scenario that OPEC will extend and deep the oil supply […]