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Filtrado por etiquetas:  Monthly Resistance
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USD/CHF forecast for 1st April

Below is a weekly and daily chart of USD/CHF. After the floor shock I see the pair moving in a sort of a wedge. Forecasting a move to the lower boundary of the wedge as seen on daily chart.
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fx211pips avatar

price now 40 pips below target, overshot due to Yellen's qe remarks

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price now 30 pips below target, was really worse before 3 p.m., but somehow this pair rallied back even though eur/usd is staying strong, rather strange must say

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price going sideways as it is asia session now

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bottom of this wedge really serving as good support, it was broken today but it looks like it was a false break

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price now 70 pips below target, coming back as euro is losing steam

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EUR/GBP forecast for 1st April

Below are the monthly and daily charts of EUR/GBP. I'm forecasting a move above the 100% fibo expansion (ABCD) to some major monthly resistance and a drop back to the fibo level at 0.80
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i gave up on this pair, but it is comming back with a vengence

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now just 1% below my target

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the opening of the month could see this pair rally and hit 0.80 at 12 gmt

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at times, 12 gmt is a turning point for rallies

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so they might want to push it to the even round number and switch at 12 gmt

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EURSEK Expected lower after breaking through Daily Trendline


Overview

The EURSEK is in a clear uptrend on the daily chart.
On the daily chart, the pair has just broken through it's long term trendline.
The ECB has been implementing monetary policy that is bearish for the EUR, although the effects have not been harsh on this pair as it has been on others, we may see the effects clearer this month as the pair struggles at Monthly resistance
Levels
9.1830 - Daily Spike high Sept 30 (Trendline break Candle / Invalidation)
9.0730 - Daily 200 Moving Average
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Jignesh 2 Out

Thank you Stix, to you as well

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Jignesh 6 Out

The pair has mostly been consolidating sideways last week after a statement from the ECB that was not as hawkish as the market anticipated.  Will be monitoring the price here to see which way it breaks from consolidation.

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Jignesh 9 Out

After faking to the downside, the pair has been bid up to retest the daily trendline.  So far the candlestick on the 4 hour chart confirm a reversal. 

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Jignesh 13 Out

The daily chart has posted a bearish engulfing candle against the trendline.  Expecting a minor retracement before the downtrend starts gaining momentum.  9.1634 is the key resistance level for pressure to remain to the downside.

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Jignesh 16 Out

SEK has been bearish on speculation of a further rate cut after a lower than expected inflation number drove the pair higher in a swift move to retake the trendline.  From a fundamental position, the pair does not have a bearish outlook.  As well the technical setup is considered invalid at this point as the price holds above the trendline

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