Gold analysis for December 05, 2016

Gold analysis for December 05, 2016

Since our previous analysis, gold has been moving downward. The price tested the level of $1,162.26. Using the market profile on 30M time frame, I found yesterday’s point of control at the price of $1,174.00. The price is trading below 21SMA, which is a sign of...
EUR/NZD analysis for December 05, 2016

EUR/NZD analysis for December 05, 2016

Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5131 in a high volume. Using the market profile on 30M time frame, I found strong trend day and selling looks very risky. I found successful test of supply and the pair is trading above 21SMA....
Global macro overview for 05/12/2016

Global macro overview for 05/12/2016

Global macro overview for 05/12/2016: Details of the November 2016 UK Markit/CIPS Services PMI report revealed better than expected figures. Market participants expected a slight drop from 54.5 points to 54.2 points, but the data beat expectations of 55.2 points for...

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