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Blog 3/5: A nice SHORT AUDUSD position

Hi Traders,
The weekly chart of AUDUSD shows potential for price redution, so I decided to sell this pair in this week. Go into smaller timeframe to choose entry point: H4 chart shows good entry may be around 0.754 ~ 0.756 area. Let's see the H4 chart below:
Good luck
Haynes6EU
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Blog 2/5: Sell NZDUSD follow weekly chart

Hi Traders,
NZDUSD's weekly chart shows the possibility of a decline. In addition this week there are also some fundamental data will be released: FOMC statement, US non-farm employment; NZ's employment data and inflation expectation. That would be chance for sell, so I setup a sell limit order when price bounce and stop above 0.7.
Good luck
Haynes6EU
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USDCAD - Buy setup as expect another bullish week

Hi Traders,
The weekly chart of USDCAD shows price break out to upside. I expect momentum will continue this week and we have another bullish week for USDCAD. So I setup a buy limit order at lower price. Look at the chart below:
Good luck to all traders
Haynes6EU
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AUDUSD - a bearish month in May

Hi community members,
Background: this forecast base on balanced distribution (supply vs demand; price oscilator and median). Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: shows persistent supply above 0.77 level, price still is in small range on the weekly chart. But median price in smaller time-frame is decreasing. I expect sell power stable and price can break lower in t…
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Update 1: We have a very nice week for bear. Prices fall freely the same way with copper price. The next support level may be 0.733.

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Update 2: Prices was in a down-trend. Market is rebalancing after fall sharply last week with the same direction of commodity prices. I wait new bear power after rebalance process finish.

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Update 3: Prices fall quickly to my target at 0.733 and bounced back to 0.74 in a consolidate process. My strategy is sell on rally with medium-term target is 0.72 and long-term even below 0.7 level.

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NZDUSD - Another bearish month is expected?

Hi community members,
Background: this forecast base on balanced distribution (pure technical view). To simplified: I use monthly chart to forecast trend and daily chart to predict price on 1st of June!
Monthly chart: It's clear there are three months price has been decreasing, it's simple that I expect we will have one more month to decrease.
Daily chart: Price is fluctuating around decreasing median. It need time for market distribute goods and service around the mean so I don't think price wi…
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Update 1: Price is going on the right track of forecast. Balanced area continue to go lower, there are a lot of space ahead so I expect price will decrease on remain days of the month.

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Update 2: prices still be in small range and has not yet break the old range but median prices in daily is decreasing.

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Update 3: The pair NZD/USD still be on the way to my target 0.67. I think that current situation is good for Bear and prices is below sma (50, 100, 200) and median price is decreasing stable.

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USDCAD - Up-trend for this pair!

Hi community members,
Background for the technical contest base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: weekly chart shows price just break and stand above resistance level 1.36. It could be a buy signal for price continue go up in some weeks ahead.
Daily chart: Price is finding a new balance area. Base on fibonacci level, I chose 1.383 level…
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Update 1: We have another bullish week, price break above 1.37 and stand stable on it. I expect commodity currency such as AUD, CAD, NOK ... are weak followed by decreasing price of oil or copper. I don't think that price will be stopped at here, it could go up futher upto 1.38 or 1.39

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Update 2: last week was a doji candle weekly chart. Prices increased at the begin and deacreased at the end of last week. That's price action. If prices continue to go down, 1.358 level will be good level for buy entry.

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Update 3: The H4 and daily chart show supply power stable above 1.37 and it could be signal of bearish correction for USD/CAD. Prices is falling as of writing at 1.363 and finding demand at low prices level. I think that 1.355~1.358 could be demand area and prices can stable at this area. I still expect uptrend for long-term.

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AUDUSD - Wait to buy at support with good RR

Hello community,
The commodity dollar AUDUSD bounced back and test resistance level at 0.743x last Friday, after that price fall again and may be moving to support area at 0.732~3x. I wait to buy at this support area with tigh stop loss.
Have a good trading week
Haynes
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AUD is trying to go up!

Hello community,
As title, AUD is trying to go up, it's thing that chart is telling me. The pair AUDUSD is moving to new range and can test resistance 0.75 again. Look at my chart for detail
Good luck to all
Haynes
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NZDUSD - Short entry to wait RBNZ

Hello community,
RBNZ will be holding a policy meeting tomorrow and market expect RBNZ reduce OCR at least 25 bp. So I setup a short entry at confluent level 0.666 (fibo 61.8 from high 0.677x). I expect NZD will retest the last bottom and even more break to make new low.
Good luck to all
Haynes
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CADJPY - Up trend long term is over???

Hello community,
Yesterday, BOC cut rate 25 bp to 0.5% and market sell off CAD. I see weekly chart show that uptrend long term is over? Look at the CADJPY's weekly chart below (candles below ichimoku cloud)
Thanks,
Haynes
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