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It´s Tuesday, November 27th my name is Jeff Fretts and you are watching Axiory´s news
Broadcast.
We will begin with technical analysis. Up first is the euro dollar. Price is now suggesting
consolidation when it fell below resistance at R1. Also sideways move will be still in
favor if price approaches daily pivot. But rebound from daily pivot will be indicating
upward move and this rise could be limited at R2 resistance. If price falls below this
level we can expect it will rebound from support at S1. Deeper decline towards S2 support hasn´t
been excluded. Based on the conclusions for each indicator and chart analysis we are expecting
a bullish trend.
Now let’s move on to another currency pair with the dollar yen analysis. Price has declined
below daily pivot and now is approaching support at S1. Rebound from this level will confirm
consolidation which could be limited by daily pivot. But break below will be indicating
deeper decline towards S2 support. But rebound from first support and rise above daily pivot
will negate previous conclusions and target will be at R1 resistance. In this case price
could be limited at R2 resistance. Conclusion made by Axiory´s chosen indicators shows
a bullish trend today.
After that we have the sterling dollar outlook. Price has increased above resistance at R1
and sustained rise above this level is indicating next target at R2 resistance. But it seems
consolidation could be in favor around first resistance. Upward move will be in favor as
long as price holds above daily pivot. Break below this level will confirm objective at
support S1. The Summary of our indicators show a bullish trend.
Our last technical analysis is about the dollar franc pair. Price was able to rebound from
second support at S1 but it seems sideway move could be in favor. Consolidation will
be confirmed if price holds below daily pivot but break above this level will be indicating
upward move towards R1 resistance. Further fall towards next objective at S2 hasn´t
been excluded. The vast majority of our indicators and chart analysis for the dollar franc show
a bearish trend.
Today we begin with figures about revised GDP which will be released by Office for national
statistics at 9:30 am GMT. Analysts are expecting rise by 1 percent, the same rise which has
been recorded in a last report. Moreover high impact on the sterling can be awaited.
At 1:30 pm GMT Census Bureau is going to publish data about core durable goods order in the
United States. This high impact news is expected to fall by 0.6 percent while in a previous
month orders increased by 2.0 percent. Analysts are also expecting a high impact on the dollar.
Last news for today will concern about US consumer confidence which will be published
at 3:00 pm GMT. Analysts are expecting slight improvement from 72.2 points to 73.1 points.
Moreover it will have a high impact on the dollar.
Taiyo strategy for kiwi dollar is holding at first place despite it has declined to
164.9 pips. On the upside, second Taiyo for aussie yen increased by 18.8 pips. Third Auto-Action
FX remained unchanged at 336.5 pips. At fourth place is SystemFiro which has declined slightly
to 454.8 pips and Sphynx on the fifth place fell by 293.3 pips.
The biggest rise recorded Jumping FX which has increased by 0.36 percent. On the other
hand IGSFund declined to 8.39 percent. Remaining strategies haven´t changed at all.
On this date in 1895 Alfred Nobel establishes Nobel Prize
Thanks for watching Axiory´s news broadcast, don’t forget to check us out on facebook
and twitter, and we’ll see you tomorrow.