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Lack of Trends in EUR/GBP

The EUR/GBP opened April at 0.8496. During the month the pair traded to a high of 0.8590. From here we fell to a low of 0.8312, only to rally back higher.
The 278 odd pips of range is not a lot for one month of trading in a major currency pair. This underscores that apart from the direction, the volatility has been absent as well. We are currently quoted at 0.8426, barely 70 pips away from the month's open.
On the longer-term charts the bias toward range-bound trading is visible as well. On the …
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Aussie Knocking on Crucial Resistance Area

The Aussie is knocking on a crucial 80 pips-wide resistance area. Look at our chart below. We’ve been testing this general area between 0.7677 and 0.7757 for the past several months. Each time the bulls got repelled at a different price inside this resistance cluster. But with each test, the odds increase that we will see a bullish breakout.
On our second chart below we can see that the AUD/USD has finally broke the downward sloping trendline. This is an important development and could give the…
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Clashing Trends in the EUR/JPY

We're having two contradicting trends develop in the EUR/JPY. On the shorter time-frame, a tentative bullish trend has developed in the past few days. See the 4h chart below. We're now up over 250 pips from the lows recorded last Friday.
But things are looking quite the opposite on the longer-term charts. Note the strong downward trend on the weekly chart below. Since peaking out at 149.78 in December of 2014, the EUR/JPY has been in a bearish trend. The low was hit at 109.48 this June, post-Bre…
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fxsurprise8 avatar

So far my forecast has been generally correct but prices are still far from my target. Let me explain. In September the EUR/JPY hit a high of 116.07 and a low of 112.07.

But those extremes don't tell the whole story. Most of the month the EUR/JPY spent in the middle of this range. We're currently quoted at 113.69, close to the 50% mark.

Unfortunately due to large selling on two days this month (September 20th and 21st) the neutral point has shifted somewhat lower and for the past week we've been drudging along in this 113-114 range. I will need the pair to rally to bring me close to target.

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Calmer Month for Canadian Dollar

The USD/CAD had a wild ride for the past year. Initially it rallied strongly on US Dollar strength then fell as Oil (a major CAD export) recovered. On the first pic we can see that after a the large decline the charts are finally flashing oversold. Furthermore we've now ticked up from the 20 Stochastic level and heading higher, added confirmation that we may see an end to the losses.
An added supporting factor for a bounce higher is that the long-term trend is still up. On the second chart we ca…
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wisdom_consultant avatar

maybe...

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