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EURusd to go lower

I am expecting the eurusd to get to parity.
I am looking at the weekly and monthly charts.
At parity, we may see some correction to the upside.
On both charts, i look at the DMI indicator, everything is crossed down, and the eurusd is already cancelling last week's bullish candle.
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EURusd to reach 1.0

I expect the euro to continue to suffer losses.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart shows strong rejection from 1.13, with the bollinger bands tightening. Even though the stochastic indicator is attempting a cross up, there is too much presure for more downside.
Weekly chart also looking bearish, price needs to breach lower bollinger band on daily chart to confirm analysis.
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marius24 avatar
marius24 27 Feb

this target is not realistic at all. In order to see 1.0 touched by 1 April we must have a huge event in order to trigger such a huge movement like a Grexit or CPI in USA to rise above 2,5 %. I think you wanted to put 1.10 instead of 1.0

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GBPnzd to drop!

The pair is in some kind of range on the weekly chart. I expect this ranging behavior to continue for awhile. My target is the lower band.
we can see that the pair has tested the upper band twice, and this week's candle is already looking bearish.
The monthly chart shows a possible continuation of the down trend.
with the stochastic indicator firmly crossed down wards, we could see more decline from the pair.
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Bears to tackle usdjpy!!

The pair has done a commendable rally, but i think it is time for a long awaited correction. we can see some signs on the monthly chart( even though the month is not yet over).
Strong reversal pattern with the stochastic indicator crossing down.
we see more confirmation on the weekly charts.
strong reversal candle formation.
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Gbdcad to dip in jauary

The pair has been showing some gains, but i am expecting gbp decline. on the weekly charts, we see the pair steadily climbing and headed for the upper band line. After that target is hit, i expect a strong correction to 1.8.
This is more of a proactive analysis, because right now nothing points to the pair declining.
Although, on the monthly chart we see that the pair has been ranging, after testing the top of the range, it is logical to expect it to fall back to the bottom of the range.
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GBP decline in jauary!!

On the daily chart, we can see the pair forming a top, still under the upper bollinger band.
i am expecting a decline to start from here, depending on how price closes at the end of the week.
The stochastic indicator is also crossed down, and looking ripe for a fall.
My target is just below the middle line.
on the weekly chart, we can see a possible double top formation.
price breaking this top would nullify this analysis.
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GBPjpy to drop!!

I am forecasting a decline of the gbpjpy. my target is the support around 180.
On the daily chart, we see the stochastic indicator crossed down below the 50 line, with the pair just above the middle line of the bollinger bands.
If price is unable to stay above that middle line, we should see a reasonable decline.
on the weekly chart, we also see a bearish candle forming, signalling that the pair may have hit a peak. Stochastic is also crossed down, signaling bearishness.
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Bears on The GBP

The pair has been dropping, and has managed to do a minor retracement. I expect the down trend to fully come back into play, with the pair going as low as 1.52 or even 1.5.
The weekly chart above shows the retracement after weeks of decline.
on the daily chart we can see contraction of the bollinger bands, with a bearish candle already forming. A stochastic cross downwards would signal the continuation of the downward trend.
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Bears on the USDSEK

With overall united states dollar strength, the pair is very much above the 20EMA and 200EMA on the daily chart.
we can however see that there is a previous day bullish candle, and the pair has yet to breach it previous high. If the pair is unable to make new highs, then i expect a strong retracement downwards.
Possible retracement levels are between 7.0 - 7.06, my target is the lower value.
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P3tr4 13 Oct

The pair has started dropping, it is still a bit early to say how far it will drop, but still watch 1.7

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Bears attack GBPCAD

So far the Canadian dollar has shown some resilience over the euro, but not so much against the pound. On the daily chart the pair is above the 20EMA and 200EMA, showing strong signs of bullishness.
I am expecting the CAD strength to continue with a possible test of the 1.78 area, which is a previous support, and possible turning point for upward momentum.
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Alexana5 avatar
Alexana5 30 Sep

Thank you, good analysis.

P3tr4 avatar
P3tr4 30 Oct

The pair has started a good decent, currently it is less than a 100 pips away from my target. The outlook is still very bearish, with the pair dropping for 3 days in a row.
I wonder where it will be by the 3rd of Nov...:)

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