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  • Article / 1 hour ago

    Saxo Trade Navigator: Wednesday, May 6

    Head of Macro Strategy / Saxo Bank
    Saxo Trade Navigator: Wednesday, May 6
    May 6, 2015: The Saxo Trade Navigator provides you with daily technical insight into a wide array of major instruments, ranging from FX to equities, commodities and bonds. With a host of various technical indicators such as pivot points, RSI and moving averages, the Saxo Trade Navigator can be used to spot daily trade ideas.
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  • Squawk / 2 hours ago
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD Bull Pressures Returning into Election

    Despite a corrective setback, a base has built this week in the 1.5088/87 area to allow for a modest rebound and leave a positive bias into midweek.
    Furthermore, the strong rally from mid-April through 1.5164 and late April push through numerous short-term resistance levels to hit 1.5500, maintains a bullish theme into May.

    For Today:
    We see an upside bias for 1.5249; break here aims for 1.5299.
    But below 1.5087 opens risk down to 1.5030/25, maybe 1.4957, which we would look to try to hold.

    Short/ Intermediate-term Outlook - Upside Risks:
    We see a more positive tone with the bullish threat through 1.5500.
    Above here targets 1.5552/69, 1.5620, 1.5786, 1.5826, 1.5879 and maybe 1.6000 into May.

    Momentum: The 8-day RSI, short-term momentum is rising and has scope to go still higher this week.

    View the full report with screencasts, levels and more here
    See all our other reports here
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