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FxWirePro: LTCUSD break trend line support around 127, dip till 109 likely

  • LTC/USD is continuing its weakness for third consecutive week. The pair has broken major trend line support at 127 after a minor recovery till 140 on May 20th 2018. It is currently trading around 124. The slight jump in this pair has been using as selling opportunity by traders.  The pair has formed major double bottom around 109 and any major weakness only below that level.
     
  •  The near term solid resistance is around 141 (daily Tenken-Sen) and any convincing break above will take the pair to next level till 148 (20- day MA)/156/165 (200- day MA).
     
  • On the lower side, any break below 125 (trend line support) confirms minor weakness and a decline till 120/109 is possible.

    It is good to sell on rallies around 130-32 with SL around 141 for the TP of 109

 

 

 

 

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August 17 14:30 UTC Released

USECRI Weekly Annualized

Actual

0.3 %

Forecast

Previous

0.6 %

August 17 14:30 UTC Released

USECRI Weekly Index

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147.4 %

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Previous

147.8 %

January 31 00:00 UTC 288665288665m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 288665288665m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 300485300485m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 288665288665m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 300485300485m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 288665288665m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 288665288665m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 288665288665m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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