Gold wave analysis for March 10th
March 10, 2017
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March 13, 2017

Last Friday was an important trading day for the Dollar as we saw a beat from the Non-Farm Payrolls mark another top in the Dollar index and a bearish pressure put on most Dollar pairs. Friday’s price action was a  typical ‘sell the news’ behavior rather than  a buy the good news. The Dollar index got rejected once again at 102.30 and with a double top reversal price  has broken support instead of resistance.

The GBPUSD gave one of the clearest reversal signals on Friday and I was expecting to see a bounce above 1.22 towards 1.23

EURUSD also made an important breakout last Friday….




More fx pairs analysis in the comments section during the day. Have a great week ahead.





Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.