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Strategy Contest – June 2020 - Article

I will try to explain in this article the underlying theory related to the overbought and oversold strategies. This is the strategy used by my contest strategy.
Charles Dow (considered the father of technical analysis) had noticed that any asset prices series experienced recurring cycles indefinitely. He noted three different phases related to price movements, whether in a bull or bear market.
In a bull market, we have:
The Phase 1: The Accumulation Phase
The first phase of a bull market is …
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EURUSD MAY BOUNCE FROM SUPORT LINE

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator. rectangle.
EURUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is falling.
  • The Stochastics is headed South.
  • 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. The pair is assumed to be traveling in a channel and will continue to move in it. …
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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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GBP/USD For July 3

WEEKLY CHART:

EMA (5, 30, 60) - Moving UP
William % r - over brought condition
Support and resistance
MONTHLY CHART :

Ema (5, 30, 60)- Moving UP
William % r - over sold condition
Support and resistance
According to William %R over brought condition in weekly chart and , over sold condition in monthly which indicates it going up , it confirms the same.
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The Sensation Legacy All GREAT things have to come to end EVER CHANGING BUT NEVER ENDING


Sensation Photo's Sensation … The Sensation Legacy All GREAT things have to come to end EVER CHANGING BUT NEVER ENDING except the memories "2.. The OCEAN of WHITE - "
Great up tempo EURO DISCO
[url=https://youtu.be/msuyc19y6kU?t=3][/url]All Forty thound tickets to Sensation final are sold out. But there are a few back stage passes..
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Strategyrunner avatar

MegJay Think #LoveMissDukasCopy You talent goes beyond beauty.THERE IS OVER TWIO THOUSAND VIDEOS ON THIS LIST https://www.youtube.com/results?search_query=alex+findlay+sensations+amsterdam

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AUD/SGD for 1st JUNE

WEEKLY CHART:
Stochastic -over sold condition
ema (5,30,90)- uptrend
support and resistance
pivot points
MONTHLY CHART :
Stochastic -over buy condition
ema (5,30,90)- range bounding
support and resistance
pivot points
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someday777777 avatar

nice

Alyona18 avatar
Alyona18 30 Abr

So impressive

NikaTigra avatar

удачи

TInna avatar
TInna 2 May

отлично!

LizaQ avatar
LizaQ 2 May

Perfect!

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AUD/CAD for 1st JUNE

The value of the Canadian Dollar is strongly correlated with the price of crude oil as the country remains a dominant exporter of the commodity. Both currencies are therefore sensitive to broader commodity price trends.
WEEKLY CHART:

Stochastic -over sold condition
ema (5,30,90)- range bounding
support and resistance
pivot points
MONTHLY CHART :
Stochastic -over buy condition
ema (5,30,90)- range bounding
support and resistance
pivot points
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nhamfx16 avatar
nhamfx16 30 Abr

very interesting

Alyona18 avatar
Alyona18 30 Abr

U try your best

NikaTigra avatar

здорово

Anton_Bustrov avatar

отлично

TInna avatar
TInna 2 May

хорошая работа

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GBP/AUD for 1st JUNE

WEEKLY CHART :

Stochastic –in the middle of the over sold and over buy condition
ema (5,30,90)- range bounding
support and resistance
pivot points
MONTHLY CHART :

Stochastic -over buy condition
ema (5,30,90)- range bounding
support and resistance
pivot points
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Martell avatar
Martell 30 Abr

i like this idea

someday777777 avatar

nice

Alyona18 avatar
Alyona18 30 Abr

Great work

williamb avatar

good  analysis

TInna avatar
TInna 2 May

nice!

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Aussie Going Back to 0.7500

The Aussie is nearing oversold levels. On the daily chart below we can see that the pair dipped below the 20 level in the Stoch (8,3,3) and is now moving higher. This confirms a bullish signal for this pair.
A similar situation can be seen on the hourly chart below, although here the bullish scenario has been underway for several bars now. Notice how the pair rallied shortly after the dip below 20 and the move back above it.
Now let’s talk about the target. We’re currently quoted at 0.7222. Wi…
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Elens94 avatar
Elens94 1 Ene

great!

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Cable Back in Oversold Territory

Cable is back in oversold territory. Let’s take a look at tour first chart below. Notice how on the daily chart the Stoch (5,3,3) dipped below the 20 figure. This is considered oversold in technical analysis. The climb back above the level confirms the ‘buy’ signal.
Our second chart below shows a similar oversold pattern but one that has run its course further then on the daily chart. Here the dip and climb back above the 20 level happened few bars ago.
I’m targeting 1.2781. This is right belo…
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