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DEU.IDX/EUR | NOT MUCH ON THE CHARTS

Technical ToolsResistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.DEU.IDX/EUR Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is turning North.
From the weekly chart, it looks like there is more potential to the upside. But last weekly candle suggests that more correction is possibleDEU.IDX/EUR Daily Chart [list][/list]…
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UPDATE-6
The pair closed the week at 13076 and is very near to our target. I expect a fall in the pair next week. if that happens then this pair will be very close to our target of 12900 on 2nd January.

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UPDATE-7
The pair is currently trading at 13068.98. MACD is not is good shape and RSI is also falling. The pair is making a Doji candle on daily chart as of now. I expect the price to settle at 13000 level.

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UPDATE-8
The pair made a doji candle on the daily chart yesterday. Today the pair has broken the low of the yesterday candle as well as the previous two lows at the same level and currently trading at 12978 levels. I expect the 13000 level to act as resistance for the pair in the near future. The target of 12900 does not seem far now.

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UPDATE-9
As expected the pair gapped down today and falling since then. The pair is trading at 12927 levels at the time of writing this update. There is no immediate support nearby. Next support is at 12660 level which seems very far. But since it is Friday so I am not expecting much fall here. A 12900 price will be a decent price to finish the day I guess.

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UPDATE-10
The pair closed the week at 12859 levels. We have a target at 12900 levels. indicators suggest a downmove ahead. But since the pair has hit the support levels we can see a little consolidation on the 1st day of the new year.

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EUS.IDX/EUR

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
EUS.IDX/EUR Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is headed South.
From the weekly chart, it looks like there is more potential to the upside. But last weekly candle suggests that the correction is not over yet.
EUS.IDX/EUR Daily Chart
[list][/list]…
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UPDATE-3
The price has closed the week at 3558. But the outlook is very bearish. Indicators are suggesting a move lower next week. I expect this pair to reach our target of 3490 next week.

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UPDATE-4
The price is trading at 3541 levels. The MACD has crossed over the signal line on the down side and is currently in the negative zone. The RSI is also headed south. This scenario indicates that a test of 3500 level is certain but we are left with only 3 trading days and these are also filled with holidays in many countries. Only time will tell now what will happen.

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UPDATE-5
The price is trading at 3522 levels. The pair is finally able to break the lows of last week and is heading lower. A close below 3513 will open the way to our target of 3490 and then 3450. Since there are only 2 more trading days left so I guess we will be close to our target here too.

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UPDATE-6
The price is trading at 3509 levels. The pair has made an intraday low of 3503. If it is able to sustain below 3500 level next week  then we can see 3450 level also. The indicators favor a down move from here. 3496 is a level where the pair can find support.

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UPDATE-7
The pair has made an intraday low at 3491 and closed the week at 3493. Our target is at 3490. I am expecting a close fight in this prediction. As the pair is now sitting at short-term support but indicators are suggesting more downfall.

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XAGUSD MAY FALL TO 15.30 LEVELS

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
XAGUSD Weekly Chart
  • The MACD on the weekly chart is in the negative zone.
  • The RSI is neutral.
From the weekly chart, it looks like the rising trendline may break anytime soon. If it breaks then it may find the support at the channel support line or the horizontal support as shown in the image attached.
XAGUSD Daily Chart
[list][/list]…
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UPDATE-1
The pair has ended the week at 15.81. The next stop is at 15.20 which may come anytime soon. But I expect the pair to take some rest before reaching 15.20. The indicators are aligned for the move lower.

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UPDATE-2
The pair has ended the week at 15.81. At the time of writing this post, the pair is at 15.783. It is very near to our target of 15.30 by 2nd January 2018. I expect the pair to hit 15.186 and then take support there. The breaking of the rising trendline generally results in such kind of falls.

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UPDATE-3
The pair has done very well so far. The indicators look very promising. Last three days there has been a pullback. Now the price should reverse to the downside again and achieve the target of 15.20 by next week and settle month near 15.30.

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UPDATE-4
The pair has recovered from the lows last week and has closed this week at 16.34. The pair is not going to fall in coming days it seems. As not much market participants will be active next week so I am expecting price to hover around the 16 levels till 2nd January.

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EURUSD | 02042017

Hello my dear fellow community members,
There is a setup in EURUSD where you can see the rising trendline and falling pair. I expect the EURUSD to take support on this rising trend line near 1.0572 area on an intraday basis. Although the upside is limited as 50 SMA will be acting as resistance.
EURUSD DAILY CHART
A daily candle closing below the rising trendline will open the downside targets. Any comments about the setup are welcome.
Happy trading to all.
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23 JAN 17 | AUDNZD TRADE SETUP UPDATE

Hello fellow traders and community members,
This is an update to the trade setup on AUDNZD discussed on 22 Jan 17. If the pair closes the day below the rising trendline then the setup fails. So stay cautious if you are going long in this pair.
AUDNZD DAILY CHART
Happy trading to all.
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EURUSD will rise in february

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
EURUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone. The histogram suggests the buyers taking control of the market.
  • The RSI is almost vertical and headed high and shows the strength of the pair.
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USDCHF 17 OCT 16

Hello to all fellow community members.
Today I was able to spot a nice setup with high probability of success in USDCHF. Here we can see in the chart attached that there is a confluence of falling trend line and a previous resistance. I am expecting the price to get rejected near .99500 levels.
The idea is to sell the pair near .99500 with stop loss above .99800 and target of .97000. Thus keeping the risk to 30 pips and reward of 250 pips making risk to reward ratio of 1:8.33 which is quite good…
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13 oct 16 AUDUSD

Hello everyone,
After a nice downmove by GBPUSD and a nice upmove by USDJPY is trading above our crucial level of 104.32. Closing this week above 104.32 will open an uptrend in the pair.
Now our focus is on AUDUSD.
To make a good deal here I will look for a buy near .75500 levels with a stop below .75200 and target will be .76700 levels with a risk to reward ratio of 1:4.
Good Luck to all.
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GBPUSD AND USDJPY UPDATE 10 OCT 16

Hello friends this post is an update to the setup in USDJPY and GBPUSD that we saw in first week of October. In the last post we saw that USDJPY broke the triangle to the upside and as per the triangle height the upside target is at 107.45 levels. Last week after a nice break the pair found resistance near the crucial level spotted by us at 104.16 which is very much in the resistance zone. Today at the time of writing this post the pair is trading at 103.73 and seems like the pullback is over a …
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USDJPY

CHART : USDJPY
TIME FRAME : DAILY, WEEKLY
TOOLS USED : TRENDLINES, JFOREX PLATFORM

After doing a careful multi time frame analysis of the pair I came to a conclusion that the pair has bounced off from the Weekly support region as shown in chart by a rectangle. If the pair is able to close a week above 104.32 then we can safely say that an uptrend has resumed.
On the other hand on the daily chart we can see a triangle and the price is bouncing from the base of triangle again and again. I expect t…
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High of 104.01 till now. Let us see if the pair is able to close the week above 104.32 or not.

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