TipTVFinance

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Resistance – 1.1280, 1.1342, 1.1376 Support – 1.1215, 1.1184, 1.1144 Head and Shoulder breakout has opened doors for a possible drop to 1.1098. Prices have been on the rise today, but a failure to near or take out 1.1280 could result in a cut through 1.1214 and a possible drop to 1.1184 (50-DMA). EUR bulls are likely to make their presence felt...

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Resistance – 0.6897, 0.6966, 0.70 Support – 0.6835, 0.68, 0.6750 Pair’s three-day losing streak and a convincing close below 0.6897 indicates a short-term top may be in place 0.7054. The uptick seen today if fails to take out 0.6897 would shift risk in favor of a drop to 0.6750 (rising trend line support). On the contrary, a day end closing above...

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Resistance – 1.4514, 1.4578, 1.46 Support – 1.4425, 1.4382, 1.4350 Moderation in the pace of contraction in the total orders reported by CBI seems to have put Cable on a recovery mode. The bird is now trading around 1.4460 levels. As noted earlier today , a rebound from 100-DMA if results in break above daily high of 1.4469 could yield 1.4514...

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Resistance – 1237, 1244.12, 1263 Support – 1227, 1219, 1207.69 Gold’s failure to sustain above $1263 on Thursday followed by a break below 50-DMA on Friday indicates the prices could be heading towards head and shoulder neckline seen today at $1219 levels. Day end closing below $1219 would expose strong support around 1190 levels. On the higher...

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Resistance – 125.53, 125.77, 126.16 Support – 124.67, 124.20, 123.25 Pair’s closing above trend line hurdle on Friday provides more power to the bulls, however, risk-off in equities has pushed it back to 125.06 (100-DMA) levels. Still, a rebound from 125.06 could be anticipated and if followed by a break above 125.53 could yield 126.16 levels. ...

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Resistance – 1.1260-1.1280, 1.1342, 1.1376 Support – 1.1236, 1.12, 1.1144 Pair’s closing below confluence of rising trend line levels and confluence of Fibo levels – 1.1241 (23.6% of 1.0517-1.1465) – 1.1236 (38.2% of 1.0463-1.1714) coupled with drop in RSI below 50.00 indicates rallies towards 1.1260-1.1280 as seen now could be met with fresh offers. ...

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Resistance – 6334, 6365, 6400 Support – 6289, 6244-6232, 6200 Bearish break from rising trend line on hourly chart on Friday saw index trying to cut through 6311 (50% Fib of Apr 2015 high-Feb 2016 low). A break below 6289 (Friday’s low) could see prices test hourly 200-MA at 6244 - 6232 (sideways channel level on daily chart). Rebound needs to...

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GBP/USD clocked a high of 1.4451 on Friday, before trimming gains to end the day at 1.44. The day end closing was just above the inverse head and shoulder neckline level of 1.4395. The upside break comes after US President Obama urged Britons to vote in favor of EU membership. GBP bears worry that could force Britons to rethink about the consequences of Brexit...

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EUR/JPY ran into trend line hurdle at 125.40, extending gains on the back of a bullish price-RSI divergence as anticipated. Bullish move could continue if we see a day end close today above 125.40, above which falling trend line hurdle at 126.70 stands exposed. Daily RSI has just turned bullish, thus adding to the possibility of further gains. ...

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Brent’s move back above rising trend line if followed by a cut through offers around $46.16 could open doors for a rise to rising channel hurdle seen on daily chart at $47.80-48.00 levels next week. The recovery from the intraday low also marks failure to sustain below key level of $44.90 and adds credence to bullish momentum. Short-term bullish...

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Call it a triple bottom or invese head and shoulder. A break higher could signal major trend reversal in AUD/JPY. The neckline coninces with larger falling trendline level

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Resistance – 1.1342-1.1376, 1.14, 1.1465 Support – 1.12, 1.1144, 1.1088 EUR/USD is now trading below confluence of rising trend line support levels seen in the range of 1.1260-1.1275. If violated on day end closing basis, prices could drift lower to sub 1.12 levels next week. On the contrary, a recover back above 1.1260 followed by violation at...

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Resistance – 110.97, 111.87, 112.50 Support – 110.00, 108.76, 107.84 Scenario Daily closing above 110.67 Bullish momentum strong, Bullish invalidation seen only below 110.00 Daily closing below 110.00 Bearish momentum strong, Bearish invalidation see only above 110.67

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Resistance – 1.4392, 1.4436, 1.45 Support – 1.4350, 1.43, 1.4252 GBP traded weak as expected in Europe, but bears failed to keep it below 1.4320, with prices now breaking higher from triangle formation on a 5- minute chart. A re-test of inverse head and shoulder neckline at 1.4392 appears likely. A violation there would expose 1.4438 levels. On the lower...

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Resistance – $1255, $1270, $1283 Support – $1237, $1223, $1218 Gold’s failure to sustain above $1260 and a fall back below falling trend line on daily chart has left the doors open for a drift lower to 50-DMA of $1237 levels. Fall back from NY session high kept the head and shoulder formation intact. On the higher side, prices need to breach...

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Daily Chart Resistance – 1.4350, 1.4392, 1.4438 Support – 1.4298, 1.4252, 1.4220 Pair’s rejection at 100-DMA of 1.4438 in the NY session followed by a fall back below inv. H&S neckline and a daily close below 1.4350 has opened doors for a drift lower to 1.4298. A violation there could yield 1.4252, although only a daily close below 50-DMA of 1.4220...

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FTSE - Bull grip intact Pattern on hourly chart – Rising trend intact despite falling RSI Support – 6350, 6325 (hourly 100-MA), 6307.28 Resistance – 6427.32, 6447.34, 6487.89, 6511 Rising bottom on the hourly chart coupled with falling RSI warrants caution on the part of bulls, although bears have little room to make their presence felt as long as...

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GBP/USD rebounded from 1.43 levels post dismal UK retail sales data release and ran into inverse head and shoulder neckline resistance at 1.4395. This was followed by a move higher to 100-DMA level of 1.4438 as expected in the morning write up on GBP/USD Almost an entire spike has been reversed and the currency pair now trades around 1.4438 levels. The rejection...