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USDjpy

smes as this pair have not more fuel to break in too north .. been count for break over the night under monetary policy in japan .. now looking for corection to down town ...
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bucker avatar
bucker 27 Apr.

good data read form us economy but sems as usdjpy is over that read .. (5min chart )

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NZD/USD Pair break a penetrate a strong support

Hello ,
The daily close of the NZD/USD Pair comes with a bulish sign , when it closed beneath a strong support at 0.7180 the closing price was 0.7145 I would recommand a sell limit from a higher point 0.7177 to a Take profit At 0.70.90 and a stop lose at 0.7240
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USD/CAD

HOLA BUENOS DIAS, AYER EL PAR USD/CAD ROMPIO RESISTENCIA IMPORTANTE ( 1,3000 ) ESTOY ESPERANDO UN RETESTEO DE ESA RESISTENCIA PARA INTENTAR IR LARGO, SI ESA ZONA NO SE RESPETASE PODRIAMOS BUSCAR OTRA ZONA DE LARGO QUE ESTARIA POR 1,2920, QUE ES EL MINIMO DE SWING DE 4 HORAS. HABLANDO DE LAS ZONA DE TP, MI PRIMERA ZONA IMPORTANTE RONDARIA POR 1,3250-1,3280. SIENDO VIERNES SUPONGO QUE HABRA POCA VOLATILIDAD, SOLO NOS QUEDA ESPERAR Y VER QUE SUCEDE. ESPERO QUE OS HAYA GUSTADO Y FELIZ FIN DE SEMANA!…
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JPN.IDX/JPY MAY CONSOLIDATE TILL MARCH

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
JPN.IDX/JPY Weekly Chart
  • The MACD on the weekly chart is in the positive zone and rising.
  • The RSI is falling.
  • The Stochastics is rising.
  • The pair has closed the week above 50 periods SMA.
Keeping these facts in mind the pair may see an up move in coming weeks.
JPN.IDX/JPY Daily Chart
[list][/list]…
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killer195175_reborn avatar

Update-1
The pair closed yesterday at 24140. Today the pair is swallowing the gains of the previous day. From here we can expect a correction as the 24000 level seems a good resistance.

killer195175_reborn avatar

Update-2
The pair made a high of 24140 last week. The support is at 23551 and resistance is at 24140 now. The price may be traveling between this range for some time as the MACD has entered into correction mode. Stochastic and RSI is also falling. There will not be much action on the upside until the MACD and stochastic come to buy mode.

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EUR/USD

EUR/USD has brake long term consolidation resistance line at 1.17 and now its moving upwards in a strong bullish trend. I expect new multi month hights being reached. By the 1st of September the price might get as high as 1.21.Ee
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9 DEC 16 | GBPAUD | SELL SETUP EXECUTED

Hello fellow traders,
GBPAUD sell setup discussed on 7 DEC 16 has been executed and now we are waiting for a retest of the trend line. We expect the price to give us a bearish indication near trend line and horizontal support line confluence.
GBPAUD 4H CHART
GBPAUD 4H CHART- ZOOMED IN
I have already placed a sell stop order at bid below 1.6808 with initial target at 1.65730 and next target at 1.61100 levels respectively.
Any suggestion about the setup is welcome.
Happy trading to all.
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EURUSD

EURUSD - longbreak blog ...
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NZDCad below resistance and looking to break it

NzdCad has been stuck below resistance for a while now
On the weekly chart we see the highs in the pair that define the resistance line:
The rising trendline below is pushing the pair up towards the highs again
This is a rising wedge pattern- and is designed for a upward breakout to follow
It is therefore only a question of time before the highs are negociated
On the daily chart we see more evidence of bullish movement:
The rising daily trendline is much steeper and shows strong bullish moves
A …
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AdamFx42 avatar
AdamFx42 3 Aug.

Pair has moved down to trendline support - should see a move up start here again

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AdamFx42 5 Aug.

Pair is up above 0.94 today - so trendline is holding - on its way towards resistance level around 0.95

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AdamFx42 15 Aug.

Pair is testing trendline - if it holds we will see a move up

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AdamFx42 21 Aug.

Price has broken below trendline but seems to be correcting up to retest that break
It was a steep rising trendline so a correction beow is not a problem to return to bullish

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AdamFx42 31 Aug.

Price around 0.95 now - need a bit more strength to reach target at 0.9544

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USD/JPY- Podrá salir de su rango?/Break out?

Hola!!
Desde el mes de febrero el par USD/JPY ha realizado una especie de rango, entre el cual se ha movido sin dar indicios claros de dirección ¿Lograra el USD/JPY salir de su rango y tomar una dirección clara? Parece ser que la semana que viene se perfila como la indicada para librar al par de su rango y darle una dirección con una tendencia marcada.
Esta semana esta cargada de datos, los cuales darán movimiento a todo el mercado. Sin embargo, el dato de mayor peso sera el que tendremos el día…
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USD/CAD to see some more downisde

Monthly chart:
The pair is in uptrend since 2011. It broke 200 month SMA in January and then traded around 50.0% retracement (of the January 2002 to November 2007 decline) for nearly three months. On April 15th the pair broke back down and, after brief pause above 200 month SMA, it continued lower to clear stops below 1.20 level. The confluence of the broken trendline (drawn off July 2003, May 2004 and March 2009 highs) and 38.2% retracement should now offer some support ahead of 20 month SMA.
W…
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al_dcdemo avatar

UPDATE 2: Volatility shall continue in the week ahead as we will get data points from both countries. From Canada: Trade Balance on Tuesday, Ivey PMI on Wednesday, Building Permits m/m on Thursday, Employment Change and Unemployment Rate on Friday. From US: ISM Non-Manufacturing PMI on Tuesday, ADP Non-Farm Employment Change on Wednesday and Non-Farm Employment Change on Friday. Initial resistance is 20 day SMA and then stronger one at 1.2350 (previous range bottom). Support is now defined in 1.1950 - 1.2000 band.

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UPDATE 3: As is usual for this pair in most of the times, it closely followed oil. WTI traded up to 62.50 on Wednesday and the pair made new marginal low just below 1.1950. But as oil then reversed sharply from the highs so did the pair from the lows and traded all the way back to retest weekly opening levels before stabilizing. There is strong demand coming into this pair below 1.20 as this was the second sharp rejection from below that.

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UPDATE 4: There's few lower-tier economic indicators coming in from Canada in the week ahead, but the main focus will be on the latest US releases, (Core) Retail Sales, PPI, Unemployment Claims and Prelim UoM Consumer Sentiment. The direction in the pair will continue to depend on oil until it will found balance and that likely won't be anytime soon. Support remains in 1.1950 - 1.2000 band, while initial resistance comes in a way of 20 DMA.

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UPDATE 5: Price action in commodity pairs was slightly different than that of European pairs. The Dollar was weaker in the first part of the week as the pair revisited lows below 1.20. It held there for a good day before bears gave in and the pullback that followed in the second half of the week was much deeper than that in the Europeans. Weekly candle is still of range type but looks more bearish than the previous one.

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UPDATE 6: Canadian banks will be closed on Monday in observance of Victoria Day, but the rest of the week ahead is quite calendar heavy, with CPI, Retail Sales and Wholesale Sales reports along with a speech from BOC Governor Poloz. Add that to FOMC Meeting Minutes and inflation report to come from the US and there's potential for a volatile week ahead. 1.20 level in Loonie is becoming pivotal with the initial support now into 1.19, while the first resistance may come in at 20 DMA.

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