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Wednesday 14 May 2014

live forex eurusd and gold

live forex eurusd and gold



 live forex eurusd
    EUR/USD fell again, after consolidating for a while below the 1.3790 (R2) resistance bar. The pair met support at 1.3695 (S1), where a clear dip may see the next hurdle at 1.3650 (S2). Nonetheless, considering that the RSI is trying again to exit its oversold territory, I would expect the forthcoming wave to be an upside retracement, maybe to test the 1.3745 (R1) resistance before the bears take control again. The 50-period moving average fell below the 200-period moving average, confirming the negative picture of the pair. On the daily chart we can identify negative divergence between the daily MACD and the price action, while on the weekly chart, we see a bearish engulfing candle formation, increasing the possibilities for further declines.
    Support: 1.3695 (S1), 1.3650 (S2), 1.3600 (S3).
    Resistance: 1.3745 (R1), 1.3790 (R2), 1.3815 (R3).


    live forex Gold price
    Gold moved once again in a consolidative mode, remaining below the 1305 (R1) resistance barrier. The picture remains neutral, since only a move above the resistance of 1315 (R2) will confirm a forthcoming higher high. This could turn the picture back to the upside and perhaps target the 1330 (R3) hurdle. Both the moving averages continue to point sideways, while our momentum studies moved near their neutral levels, confirming yesterday’s non-directional movement.
    Support: 1280 (S1), 1268 (S2), 1250 (S3).
    Resistance: 1305 (R1), 1315 (R2), 1330 (R3).

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