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Low Momentum To Start The Trading Week
#1
 
USD/JPY
The deceleration in bearish momentum yesterday resulted in a bullish reversal to start today’s Asian trading session. The pair is testing the 109.25 price level and the 20-period exponential moving average. A break of these two resistance lines will provide confirmation of the uptrend. MACD still has a negative bias, however, is turning more positive. RSI has flattened below the 50 support level.
 
[Image: 2017-08-22-08_28_49-1006_-Galactus-Live-USDJPYsH4.png]
 

GBP/USD
The GBP/USD pair has been trading in a fairly tight price range from the 1.284 to 1.290 price level, as neither currency has been able to dominate price action. The pair has hit a resistance level at the upper bound of price range at 1.290 and retraced to also break the 20-period EMA. MACD is approaching the zero line and becoming less negative and RSI remains flat. A previous less significant resistance level is at the 1.288 price level which the pair is starting to test. A full break will represent confirmation of the reversal.
 
[Image: 2017-08-22-08_23_45-1006_-Galactus-Live-GBPUSDsH4.png]
 
 
SILVER
Silver prices have been bouncing along the 20-period EMA which is currently acting as a support level. The metal is also reaching the 16.92 price level which when hit on two previous occasions, resulted in a bullish move. MACD is flat just above the zero line and RSI is flat just above the 50 support level, indicating that momentum is moderately bullish. Price action will likely continue to fluctuate between the 17.16 and the 16.92 price levels.
 
[Image: 2017-08-22-08_30_47-1006_-Galactus-Live-XAGUSDsH4.png]
 
 
GOLD
Gold prices have also been affected by low momentum. Price action has hit the 1288 price level and the 20-period EMA. A break of these support level will provide some momentum for the bearish move. However, the move seems unsupported by momentum indicators. MACD is flat above the zero line and RSI has a mild downward trajectory just below the overbought 70 level. Volume is low, therefore major fundamentals news is required to generate any significant move for the metal.
 
[Image: 2017-08-22-08_22_02-1006_-Galactus-Live-XAUUSDsH4.png]
From: https://fx88.vn/vi
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#2
(08-22-2017, 10:19 AM)fx88vn Wrote:  
USD/JPY
The deceleration in bearish momentum yesterday resulted in a bullish reversal to start today’s Asian trading session. The pair is testing the 109.25 price level and the 20-period exponential moving average. A break of these two resistance lines will provide confirmation of the uptrend. MACD still has a negative bias, however, is turning more positive. RSI has flattened below the 50 support level.
 
[Image: 2017-08-22-08_28_49-1006_-Galactus-Live-USDJPYsH4.png]
 

GBP/USD
The GBP/USD pair has been trading in a fairly tight price range from the 1.284 to 1.290 price level, as neither currency has been able to dominate price action. The pair has hit a resistance level at the upper bound of price range at 1.290 and retraced to also break the 20-period EMA. MACD is approaching the zero line and becoming less negative and RSI remains flat. A previous less significant resistance level is at the 1.288 price level which the pair is starting to test. A full break will represent confirmation of the reversal.
 
[Image: 2017-08-22-08_23_45-1006_-Galactus-Live-GBPUSDsH4.png]
 
 
SILVER
Silver prices have been bouncing along the 20-period EMA which is currently acting as a support level. The metal is also reaching the 16.92 price level which when hit on two previous occasions, resulted in a bullish move. MACD is flat just above the zero line and RSI is flat just above the 50 support level, indicating that momentum is moderately bullish. Price action will likely continue to fluctuate between the 17.16 and the 16.92 price levels.
 
[Image: 2017-08-22-08_30_47-1006_-Galactus-Live-XAGUSDsH4.png]
 
 
GOLD
Gold prices have also been affected by low momentum. Price action has hit the 1288 price level and the 20-period EMA. A break of these support level will provide some momentum for the bearish move. However, the move seems unsupported by momentum indicators. MACD is flat above the zero line and RSI has a mild downward trajectory just below the overbought 70 level. Volume is low, therefore major fundamentals news is required to generate any significant move for the metal.
 
[Image: 2017-08-22-08_22_02-1006_-Galactus-Live-XAUUSDsH4.png]
From: https://fx88.vn/vi

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#3
I've been trading Forex since I retired from the U.S. Army 82nd Airborne Division in 2005. I sold my trucking business in 2011 and permanently retired at the ripe old age of 46. I have been following the financial markets since I bought one share of American Motors Corporation stock for a couple dollars when I was 9 years old made a little profit and have been hooked ever since.

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