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EURUSD getting a bid?

Price came down towards a major area of support from 1.3312 to 1.3301 (50% retracement, and the 76,4% retracement). A possible bounce was likely to occur from this level. And it did, today the EURUSD moved sharply higher during the European and American session. Currently the price is moving down a little but this could well be because of profit taking daytraders.
The next big level of resistance is at 1.3460 ( This is also the Fibonacci retracement, and last previous high). The next big level o…
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Opening long USD positions again today

I have opened a few new positions long Usd today
The bounce above 1.10 on Friday was very interesting to me
Technically, 1.10 holding is good news for UsdJpy
I sense a recovery coming - maybe some more strong data ahead
Fundamentally that makes the dollar potentially changing direction again
There could be a lot of pips to be made
I am long UsdNok, UsdSek, UsdMxn and UsdJpy
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Short AUD this month

I will be shorting Aud this month
Fundamentals tell me the AudUsd has risen too much too fast
I see possibilities in shorting AudCad, too
It is trapped below the SMA daily 200
I expect AudUsd to return or retrace to 0.97 level
I will trade it and other Aud crosses accordingly
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GBPUSD

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More GBP weakness to come next week?

It looks like there maybe more Gbp weakness next week
I made a couple of good Gbp short trades this week
I was looking at the Gbp charts yesterday evening
Technically, there are plenty of reasons to sell Gbp
GbpUsd seems stuck below 1.29 - and analysis points to immediate downside
The same can be said for GbpNzd and GbpAud
The fall in these pairs is likely to continue after failiure to recover last evening
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The UJ seen through the eyes of Bloomberg DB and TC See Chart Trump Tweetss Market effect.

I have noticed for some time the Dukascopy Traders have had more faith in the UJ than American traders. The following statement came from DB .// Trump’s tweet storms don’t shake up the foreign exchange markets as much as you might think. But when they do, it’s time to get on board. That’s the conclusion of a Deutsche Bank study, which says that when a currency moves by a least a quarter of a percent on his tweets, it keeps going in that direction for at least 12 hours. And that's a lifetime in the world of financial markets.
Chart Trump Twts
[table]When Vladimir Putin talked with Donald Trump Tuesday, the two leaders tried to move past the tensions triggered by last month’s U.S. missile strike on Russia’s ally Syria.
The White House called the conversation “very good.” The Kremlin praised its “constructive” tone. Though short on specifics, the readouts were in stark contrast to the chill visible earlier in the day when Putin met with Angela Merkel and tensions over the Ukraine conflict were on open display.
For Putin, the improved mood music with Washington is important. He’s looking for a foreign policy win as low oil prices drag down his domestic economy. His diplomatic drive continues today when he meets Turkish President Recep Tayyip Erdogan, with the Kremlin needing Turkish help to make a Russian-brokered cease fire in Syria stick.
But what Putin really needs are warm words from Trump to keep hopes alive that the Russian leader might get a chance to break out of his isolation. Unfortunately for him, the outlook in Washing…
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Short GBP at beginning of this month

I am short Gbp to begin the month of trading
I have opened short positions in GbpNzd and GbpAud today at market open
GbpUsd is nearing 1.30 - where I expect resistance
Fundamentally, brexit is still a problem in UK
and recent move up in Gbp will find little ground for a continued move up soon
Technically, I see retracement starting in Gbp crosses
and I will be waiting for more weakness in Gbp
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Repeating USD longs today

I am long Usd again today
After closing my Usd longs yesterday with a healthy profit
I am back in today
Technically a lot of Usd crosses are supported and/or bullish in their setup
This combined with a rate hike coming up today made me re-enter
I am long UsdJpy, UsdCad, UsdMxn, UsdNok and UsdTry
I will be hoping to close my positions with profit just before the announcement this evening
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EURGBP near-term bearish

EURGBP is currently up but little changed relative to yesterday’s close.
The short-term sentiment given by the RSI is negative as the indicator is currently at 46, below the 50 mark distinguishing positive from negative short-term bias. Adding to this, the MACD is slightly negative and below the red signal line. The fact that RSI and MACD are relatively close to 50 and 0 respectively is perhaps indicative that the bearish sentiment is not that strong and that mostly sideways movement in the near…
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Kiwi well bid ahead of the FOMC decision

Kiwi remains well bid as we head into the FOMC decision later today. Unless they deliver a dovish or an extremely hawkish surprise, I think that after the decision technicals will come back into focus. This is also supported by a lack of market moving economic data from New Zealand this week.
The pair established a firm foothold above 50 DMA, which I see as the current bull/bear line in sand. Below that, 200 DMA is the first in a series of strong levels all the way down to 0.6950. October high (…
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