Dukascopy Smart People Community

Name:

From:

Bienvenido Jr. Nitura

Philippines

Sex:

Born on:

Not selected

Contests

(2)

Member since:	June 1, 2016
Last Visit:	August 17, 2018
Friends:	443

FX Article Contest
4^th place
Sep 2016

$500

Fundamental analysis
8^th place
Aug 2017, week 1

$100

USDCAD currently trades around 1.3020, having broken below the 1.3000 level this week, prompting market headlines. The pair however traded straight back above this level which is protected on the downside by the 38.2% Fibonacci retracement level at 1.2952. USDCAD trades just below the 20- and 50-day moving averages but above the long-term 200-day ma, currently at 1.2825. A second level of Fibonacci support, the 50% retracement, sits at 1.2820. Short-term upside targets are situated between 1.311…

Read full story

Translate to English Show original

2. Technical Analysis for AUDCAD

bibo Posted 2 Aug.

Following the soft Australian inflation report, AUD/CAD broke below a near-term rising support line from May. This opens the door for resumption of the dominant downtrend from mid-March to mid-May. With that in mind, this presents an attractive opportunity for a short position. The stop for this setup will be a daily close above the most recent high around 0.96618.
Meanwhile, prices may eventually reach the May low around 0.95533 which would be the target of this short setup. Calculating a risk-…

Read full story

Translate to English Show original

1. AUDJPY POSSIBLE REVERSAL

bibo Posted 1 Aug.

There is a possible reversal on AUDJPY with focus, “lower while below the weekly open at 83.24 with initial support objectives eyed at the confluence of the 50-line / 100-day moving average at ~82.50 and the 61.8% retracement / July open at 82.00/04- look for a stronger reaction there for guidance. A ‘strong’ reaction off the 82-handle has fueled a price rally of more than 1.7% with the advance taking AUD/JPY through the 61.8% retracement at 83.12. Interim support now 82.61 with subsequen…

Read full story

Translate to English Show original