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AUD/JPY Breaking a Down Trend

Hello Guys,
AUD/JPY pair has just break a Down trend on the 4H chart but This candlestick comes in the ned of the day beside it is in front of a strong support at 83.05 so becareful with this trade . I would recommend a sell stop under the sppuort line let's say at 82.95 with a TP at 82.60 and a SL at 83.50
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EUR/NZD Break a daily down-trend

Hello guys,
The EUR/NZD has just broke a down trend on the daily chart , which made think to entre a sell trade but from the testing point . I will the price untill it return ( Sell limit order ) to 1.6970 , with a small take profit at 1.6910 and if you want to get more make the take profit 1.6820 . stop loss above the level 1.7000
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GBP/USD Breaks a Down Trend on 4H Chart

Hello guys ,
A 4H GBP/USD pair candlestick has closed above a strong down trend , which gives us a good sign that the pair will continue rising . But I think it is better to wait for a daily close above the trend line to entre a buy trade to a target TP: 1.4055 ans a stop loss at SL:1.3830.
4H Chart Close :
You could open a buy trade or Wait for the Daily Close upper the trend line :
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CAD/JPY


  1. I AM using Bollinger Bands and RSI for my technical analysis
  2. i am using weekly chart and daily chart for my analysis.
  3. I think it was double top .
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USDCAD DOWN TREND NEXT MONTH

MACD indicates that momentum is improving, but it remains in Bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move Lower. RSI is trading in territory and a breakout should initiate the rally.Current Level 1.2507 I expect the pair to be trading near 1.2350 towards the end of the forecast period which will conclude on the 2nd of October, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
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USDCHF DOWN TREND NEXT MONTH

MACD indicates that momentum is improving, but it remains in Bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move Lower. RSI is trading in territory and a breakout should initiate the rally.Current Level 0.9600 I expect the pair to be trading near 0.9406 towards the end of the forecast period which will conclude on the 2nd of October, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
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USDJPY DOWN TREND NEXT MONTH

MACD indicates that momentum is improving, but it remains in bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move lower. RSI is trading in territory and a breakout should initiate the rally.Current Level 110.12 I expect the pair to be trading near 10818 towards the end of the forecast period which will conclude on the 2nd of October, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
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Singapore Dollar Oversold on Bigger Timeframes

The Singapore Dollar seems to be oversold on all the bigger timeframes. The pair from a high of over 1.4500 to 1.3500 right now. This is a large move for a currency that mostly follows the USD.
On the first weekly chart above we are seeing that the USD/SGD is already oversold on the weekly charts. The 5,3,3 Stochastic Oscillator is printing values below 20, indicating that the selling may be overdone.
On the second chart below we are seeing a similar situation on the daily chart, with values bel…
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fxsurprise8 avatar

Everything went according to plan with my forecast. The pair spent the month of August in a range, as can be seen on the chart above.

The August price action is marked with a rectangle on the picture. We opened the month at 1.35742 and closed it at 1.35729, a percentage change of less then 0.01%.

My forecast bet on the pair staying near the what was then the current market price of 1.3559. at 12:00 on September 1st the pair was trading at 1.35451. This is a percentage difference of only 0.10%.

(more below)

fxsurprise8 avatar

Overall the intra-month price action suit the forecast too. The monthly high stands at 1.3688 and the low at 1.3504.

This is only 184 pips or a percentage variation of only 1.34%, fairly low even for the forex market. Furthermore as we see in the picture in my previous comment, the lows got quickly bought up and the highs got sold.

This suits in the narrative presented in the opening post of price being oversold and stuck in the main downward trend. These two conflicting forces kept the USD/SGD in a range during August. Overall a solid analysis that panned out nicely.

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NZD/USD retakes the downtrend

Charts: Weekly and 4 Hours
Used tools: Support and Resistance lines, Trend lines, Vertical line (forecast date ), Fibonacci Retracements
Indicators: RSI 14, Simple Moving Average 200 (yellow ), Simple Moving Average 30 (red )
Support levels: 0,6690, 0,6982, 0,7200
Resistance levels: 0,7357, 0,7450
Premisas:

El marco temporal semanal indica que el par NZD/USD se encuentra en una tendencia bajista, pero desde marzo de 2015 se encuentra atrapado en un canal alcista y ahora esta situado en la part…
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Elens94 avatar
Elens94 28 sep

good

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USD/CHF DOWN TREND

I'M THINKING THIS IS STARTING FROM THE MEDIUM-TERM DECLINE IN LEVELS ARE...
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