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DAY 1 - EURUSD ANALYSIS

EURUSD price structure in last few weeks remain interesting. We saw a fake out of resistance level at 1.2070 and price moved down with momentum and after a bullish retracement we have seen a lower high and lower low structure. Price is currently ranging around Daily demand zone between 1.1720 to 1.1750. However, it is below an important support level, which could act as resistance on the retest.
As such I would be looking for bearish price action on lower time frames to enter short trade on this…
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DAY 11 - GBPUSD ANALYSIS

GBPUSD continues to make higher highs and higher lows on Daily time frame, since start of this year. The current impulsive up move is testing supply zone around 1.3200 to 1.3250 zone and we may see some down retracement. However this could provide good opportunity to buy at lower price with target around 1.3485 level.
The bearish scenario would only be considered once price break out of channel and close below Daily support level at 1.2770.
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DAY 6 - USDJPY ANALYSIS

At the end of last year USDJPY rose significantly around 1700 pips, however since January 2017, we have seen some retracement of around 1000 pips.
Since last few months, this pair is ranging between 114.50 resistance and 108.10 support level. We have seen several test of support level and current price action suggest a breakout of this support level. If it happens there is plenty of downside room, as the next major support level is around 700 pips away at 101.20.
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DAY 4 - EURUSD ANALYSIS

Eurozone economy continues to show signs of improvement, while US economy remain vulnerable due to ongoing political turmoil, which could initiate outflow of money from US to European Markets.
From technical perspective EURUSD remain in uptrend as seen on Daily Charts and price broke out of resistance and made new highs last week. Since then we have seen some selling pressure but sentiment remain bullish, so any retracement is an opportunity to get in long trade with better risk to reward ratio.…
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DAY 2 - AUDUSD ANALYSIS

At present I am unbiased as far as direction on AUDUSD. However, there are two important levels to watch to get involved in a trade on AUDUSD. The resistance at 0.8065 would be good level to short again with take profit target around 0.7785 area. Moreover, should the price continues to decline and hit support level at 0.7785 then most likely price would retest resistance at 0.8065.
Both trades could provide excellent risk to reward ratio, if trades are taken based on price action on lower time f…
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DAY 1 - USDCAD ANALYSIS

Today's NFP numbers were below expectations, as 156K new jobs were added in August, as compare to 180K expected. Moreover, the trend in last couple of months were above 200K. Furthermore, average hourly wages increased to 0.1% and unemployment rate increased to 4.4%, so overall a disappointing numbers, which will put more pressure on US Dollar.
We have seen rapid decline on USDCAD in last 4 months as the pair dropped around 1400 pips. Further decline is expected in coming months, as Canadian eco…
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DAY 19 - AUDUSD ANALYSIS

Australian economy continues to show improvement in last couple of months, as trade surplus is rising, consumer spending remain well above expectations and employment numbers are showing that businesses are remain optimistic about future economic growth.
From technical perspective, AUDUSD remain in an uptrend as price continues to make higher highs and higher lows on Weekly time frame. Next major resistance is around 235 pips away and price is expected to hit this level in next few weeks. Howeve…
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DAY 17 - EURGBP ANALYSIS

Since April 2017 EURGBP remain in an uptrend as and the pair moved higher around 800 pips. Improving fundamentals in Eurozone and concerns over Brexit was one of the main reason this pair is going up. The pair is around 200 pips shy of major resistance around 0.9330.
As such the best option would be to buy any dips on lower time frame with tight stop loss and take profit target around 0.9300 level.
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DAY 16 - USDJPY ANALYSIS

USDJPY hit an important support level at 108.80 and we have seen instant bounce of 200 pips from this level which indicate lot of buying interest at this level. There is plenty of upside room, as the next major resistance level is around 112.20. As such I would be looking for any retracement in lower time frame such as H1 or M30 to enter long trade on this pair.
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DAY 10 - NZDUSD ANALYSIS

New Zealand Dollar is showing signs of weakness, as NZDUSD is down around 300 pips in last two weeks from highs of 0.7558. This could well be the start of new down trend.
Recent fundamental numbers remain mixed, while Trade Balance shown improvement, CPI failed to rise and GDT Price Index remain flat.
0.7200 level is an important support level and if price is pushed harder below this level and it would pave the way towards 0.7050 level and even further down towards 0.6950 level.
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