TheConcierge

TheConcierge

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TheConcierge

Wait for breakout before taking position.

TheConcierge

Wait for break, we will see some more sideways movement before a clear change in direction. Assuming gold analysis is correct silver will follow a similar path and will fall to Pre-Brexit levels

TheConcierge

The uncertainty over the global markets led to a dramatic surge in gold, and as we all know what goes up must come down ;) We broke the 1310.98 Support and Resistance line, subsequently we will see an initial uptrend, followed by a strong downtrend as global markets stabilize gold will return to its Pre-Brexit levels.

TheConcierge

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TheConcierge

We will wait for the break to establish which direction AUDNZD is going, we will keep up to date with any developments.

TheConcierge

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TheConcierge

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TheConcierge

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TheConcierge

With the dust of Brexit still settling there is much uncertainty as to the direction of the world economy, we saw a significant drop in the GBP. As the U.K stabilizes itself with the injection of £250 Billion from the Bank of England (www.independent.co.uk) coupled with the threat of other EU member states considering there own exits (France & Holland) this will...

TheConcierge

Eerie future for the Euro.

TheConcierge

Pivot: 47.75 Most Likely Scenario: long positions above 47.75 with targets @ 49.30 & 50.20 in extension. Alternative scenario: below 47.75 look for further downside with 47.30 & 46.80 as targets. Comment: the RSI advocates for further advance.

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Pivot: 1297.00 Most Likely Scenario: short positions below 1297.00 with targets @ 1272.00 & 1264.50 in extension. Alternative scenario: above 1297.00 look for further upside with 1308.00 & 1315.00 as targets. Comment: technically the RSI is below its neutrality area at 50.

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Pivot: 0.7370 Most Likely Scenario: long positions above 0.7370 with targets @ 0.7475 & 0.7505 in extension. Alternative scenario: below 0.7370 look for further downside with 0.7345 & 0.7330 as targets. Comment: the RSI is bullish and calls for further upside.

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Pivot: 105.00 Most Likely Scenario: short positions below 105.00 with targets @ 103.70 & 103.20 in extension. Alternative scenario: above 105.00 look for further upside with 105.60 & 106.00 as targets. Comment: the upward potential is likely to be limited by the resistance at 105.00.

TheConcierge

Pivot: 1.4430 Most Likely Scenario: long positions above 1.4430 with targets @ 1.4650 & 1.4700 in extension. Alternative scenario: below 1.4430 look for further downside with 1.4350 & 1.4300 as targets. Comment: the RSI shows upside momentum.

TheConcierge

Pivot: 1.1300 Most Likely Scenario: long positions above 1.1300 with targets @ 1.1390 & 1.1415 in extension. Alternative scenario: below 1.1300 look for further downside with 1.1265 & 1.1215 as targets. Comment: the RSI is bullish and calls for further advance.