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AUD/USD 1st March 2017 forecast

Technical tools: simple moving averages (30, 100 and 200) and the relative strength index.
Aussie’s downtrend triggered by November’s US elections is being reversed during this first month of 2017. The next 4-hours chart shows AUD/USD making a U-turn with SMA’s well balanced for a possible extension of this current upside strength.
Australia’s CPI rose 1.3% year-over-year in the 3Q 16 amid higher commodity prices. The forecast of 1.6% for the 4Q 16 also on a yearly basis is set to be confirmed …
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EUR/USD 1st March 2017 forecast

Technical tools: simple moving averages (30, 100 and 200) and the relative strength index.
The following weekly chart shows EUR/USD heading south since 2014. The motion triggered by Fed’s tapering and ECB’s long-term easing agenda induced massive losses in the single currency, while the buck experienced massive gains in what can be named as “Obama’s rally”.
The new President took office and tweeted that a strong dollar is crushing the country export’s capacity, in Trump’s tweet: “it is killing…
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GBP/USD 1st March 2017 forecast

Sterling keeps being influenced by political means regarding the triggering of the article 50 of the Lisbon treaty and the kind of deal that is being engineered by the Toris.
May’s speech offered the sterling a break and the currency is still being lifted. So far, it seems that more gains will be added after the ones accomplished in the week where PM May spoke the press about its plans to quit the union.
In the following chart, the 30-4hours SMA is now above the 100-4hours SMA in what can be s…
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USDJPY 1st March 2017 forecast

Dollar/yen is one of the most active currency pairs in 2017. The 119 level remains Invictus in almost one year. It seems that the cluster formed by this level is the main barrier separating the pair from the 120s. The following 1-hour chart shows the RSI crossing several times the levels below 30 and above 70, which triggered for the most active traders buy's and sell's opportunities.
Currently the dollar/yen is suffering major losses. Trump’s speech with a few of the most influential business m…
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EUR/JPY 1st March 2017 forecast

Technical tools: simple moving averages (30, 100 and 200) and the relative strength index.
The following 4-hours chart shows EUR/JPY surging after November, erasing some of the losses inflicted during the 1st half and 3Q of 2016, peaking at the 124 level, only last seen in May before.
After November 16, SMAs aligned themselves in favour of the bullish outcome, with the 30-4hours SMA above the 100-4hours SMA, as well as the 100-4hours SMA above the 200-4hours SMA.
Currently there has been a sw…
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USD/CAD 1st March 2017 forecast

Technical tools: simple moving averages (30, 100 and 200) and the relative strength index.
My outlook for the loonie is bearish, although the currency has managed to sustain its breath against the greenback during the time being, so far. The following 4-hours chart shows SMAs dancing with several crosses from up to down and also with opposite crosses. It is hard to have a glimpse for USD/CAD regarding SMAs in a 4-hours chart.
Instead, on a daily chart the figure seems to be more clear. SMAs are…
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XAU/USD 1st March 2017 forecast

Technical tools: simple moving averages (30, 100 and 200), the relative strength index and Fibonacci retracements.
The following 1-hour chart shows gold surging in the last week of 2016 and in the beginning of 2017.
The uncertainty committed with Trump’s policies triggered this risk-off sentiment, as investors started to acknowledge that, besides the promises of deregulation, tax cuts and infrastructure spending there were trade reversal intentions that might drag US export’s and raise doubts …
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