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AUD/USD bullish on technical charts

AUDUSD has been on a downtrend since January this year, But daily charts now show a reversal which is confirmed by moving average 50 and momentum 23 indicators. Fib retracements gives expected levels and a parallel climb gives expected Aud USD value on 1st October 2018.
Target 1: 0.7465
Target 2: 0. 7600( though expected price as per chart is higher but FIB 261 hits at 7600) just in case there is reversal here
Stop loss: 0.7200
The upward trend is confirmed by the weekly chart which has hit yet …
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agrawal4443 avatar

stop loss hit.

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USDCAD MAY SEE 1.3400

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Indicator, rectangle.
USDCAD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is neutral.
  • The Stochastics is rising.
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killer195175_reborn avatar

UPDATE-1
The uptrend on the daily chart is quite strong. The pullback is over it seems. The pair has just broken the neckline of the short-term double bottom pattern. Now the test of 1.3350 looks imminent. All things are pointing towards 1.3400. Let us see what happens next.

killer195175_reborn avatar

UPDATE-2
The pair is on the move. it appears to be following a channel. The channel extends up to 1.3380. The pair will be supported by the rising channel support and the RSI and MACD are bullish. So I am expecting a move towards 1.3400.

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GBPusd

cable not break 1,44 level and h4 candel show up bearish correction .. but im still bullish on gbpusd hopply we will break above this level in this week ..
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GBPNZD daily chart review 12.01.2018

GBPNZD has made a bulish engulfing chandlestick pattern on the daily chart at a significant previous support level. This offers a low risk entry opportunity for the long side. The stop loss should be placed just below the blue rectangle area and the take profit just above the red rectangle area.
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09012018

Hello, my dear friends and fellow community members,
I have a long position in USDSEK. The position is in profits and I have moved my stop loss to the higher sides. I am expecting the pair to reach 8.3500 levels soon. I will be holding it till I see some resistance from the buyers.
Please let me know by using comments section that what you feel about this trade setup.
Happy trading to all.
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GBPCAD 1H cart daily review 08.01.2018

The GBPCAD is currently moving in a down sloping channel on the 4H chart. This provides us with the opportunity to trade the channel by placing a buy order at market and a stop just below the most recent swing low - the blue area and a take profit just below the upper channel line - the green rectangle area. Keep in mind this is a trade against the main trend so we must be very careful.
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GBPNZD 4H chart daily review 07.01.2018

GBPNZD is contained within a slightly down sloping channel. This provides us the opportunity to go long the market with a stop loss just below the lower channel line - the blue rectangle area and a take profit near the upper channel line - the green rectangle area.
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USDJPY | PRICE MAY SOAR TO 116 LEVELS

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
USDJPY Weekly Chart
  • The MACD on the weekly chart is in the positive zone and rising.
  • The RSI is rising.
  • The Stochastics is also 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.
USDJPY Daily Chart
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killer195175_reborn avatar

UPDATE_1
The pair has closed the week inside the falling channel. The government shutdown in the US is a threat for the pair in coming days. If it does not break out of this falling channel on the upside then the target of 116.00 seems very far. Only a miracle will be able to take us to 116.00 in one month time. Let us hope that such a miracle happens as it is not a new thing for USDJPY ~_^.

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GBPUSD 4H chart daily review

GBPUSD has breached the previous high on the 4H chart. After passing that level it quickly retraced back to the same area thus offering a new opportunity to enter the market on the long side. The stop loss should be placed just below most recent swing low - the red rectangle area and the take profit around the green rectangle which represents a measured move from the point of breakout.
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05012018

Hello, my dear friends and fellow community members,
I had placed a buy order in NZDCAD above 0.8933. My order has been triggered but the price is hovering around my buy price. I am bullish on this pair and my targets are .9020 levels. Let me know what you think about this setup in the comments section.
Happy trading to all.
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