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Thread: Fbs

  1. #511
    pedagoreng is offline Senior Member
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    USD/CAD: 34 Moving Average acted as support


    There's a bullish 'Hammer', which has been confirmed. Also, the 34 Moving Average has acted as support. Thus, it's likely that the pair is going to reach the next resistance at 1.3563. If a pullback from this level happens next, there'll be a moment for a downward correction towards the previously tested support at 1.3396.

  2. #512
    pedagoreng is offline Senior Member
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    EUR/NZD may test the uptrend


    BUY 1.7140; TP 1.7200; S: 1.7120

    SELL 1.7040; TP 1.6990; SL 1.7055

    Have a look at the pair EUR/NZD as it might present some interesting trade ideas. The pair’s been in an uptrend since the end of March. Last week, it reached resistance around 1.72 (January high) and then turned down forming a doji with a longer upper wick on W1.

  3. #513
    pedagoreng is offline Senior Member
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    EUR/USD: bullish 'Tweezers'


    There're bullish patterns such a 'Tweezers', an 'Inverted Hammer' and a 'Hammer', so the market is likely going to test the 34 Moving Average. If a pullback from this line happens next, bears will probably try to reach another support at 1.1042.

  4. #514
    pedagoreng is offline Senior Member
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    GOLD: price consolidating along 'Window'


    The market is still consolidating along the 'Window'. There's a bearish 'Tower' pattern, which hasn't been confirmed yet. Thus, we should watch the nearest support at 1263.60 as a potential target. The subsequent pullback from this level could lead to a local upward correction towards the 'Window" (1241.73).

  5. #515
    pedagoreng is offline Senior Member
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    USD/JPY: 'Window' acting as support


    The 'Window' is acting as support. Also, there's a bullish 'Hammer' pattern, which hasn't been confirmed enough. In this case, it's likely that the market is going to test the nearest support at 108.88. The subsequent pullback from this level could be a starting point for an upward price movement towards the closest resistance 111.47.

  6. #516
    pedagoreng is offline Senior Member
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    USD/CAD: bullish 'Three Methods' pattern


    The market is still moving up above the Moving Averages. There's a bullish 'Three Methods' pattern, which has been confirmed. So, it's likely that the pair is going to test the closest resistance at 1.3563. If a pullback from this level happens next, bears will probably try to reach the nearest support at 1.3396.

  7. #517
    pedagoreng is offline Senior Member
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    USD/JPY tries to recover


    Trade ideas

    BUY 108.75; TP 109.00; SL 108.65

    SELL 109.20; TP 108.00; SL 109.50

    The US dollar is correcting up versus the Japanese yen. USD/JPY managed to rise above the 50-period MA on H4 and get above the highs of last week. The pair is also trading above the weekly pivot point at 108.19. This opens the way up to the 109.00 area. This level is the target for the bullish correction. Beyond this point, it will be riskier to trace the retracement. Given the declining resistance line around 109.25, it will be sensible to think about selling the pair if it manages to get this far.

  8. #518
    pedagoreng is offline Senior Member
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    Has the downtrend of AUD/CHF ended?


    On the daily chart of AUD/CHF, the pair reached the first crucial support at 0.6880. RSI and Stochastic Oscillator are in the oversold area. Awesome Oscillator formed a bullish divergence with the chart. As a result, we can anticipate a soon recovery of the pair. If bears are able to pull the pair down. The next important support will lie at 0.6830.

  9. #519
    pedagoreng is offline Senior Member
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    On the H4 of AUD/JPY, the pair formed the “Head and shoulders” pattern. However, the same pattern was formed on H1, Up to now, on H1, the pair has rebounded from its target at 75.27 and has been moving up. Until the pair stays above 75.27, we can anticipate a return towards 75.44. As soon as the pair closes below 75.27, on H4, we may see a decline to the pattern’s target at 74.975 with a possible correction near 75.08.

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  10. #520
    pedagoreng is offline Senior Member
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    SELL 108.60; TP 108.25; SL 108.75

    BUY 109.15; TP 109.40; SL 109.05

    CHF/JPY met the resistance of the declining 50-day MA and turned down. Its potential target lies at the support line connecting the lows of May in the 108.25 area. That is a likely scenario as the yen seems like the stronger safe haven than the franc.

    The overall downtrend is in place since September 2018. On H1 moving averages made a negative intersection. The outlook will remain negative as long as CHF/JPY stays below the weekly pivot at 109.05. If the pair managed to return above 109.15, it will be able to retest 109.40. Still, another return to 109.75 will make us once again look for the opportunities to make a sell trade.

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