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Thread: ForexPeoples Daily Technical Analysis for The Majors (4 Pair Forex)

  1. #4391
    riki143 is offline Senior Member
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    EUR/USD: BEARISH "HIGH WAVE"
    15:36 14.07.2017



    The 34 Moving Average has acted as support, so we've got a "Hammer", but this pattern hasn't been confirmed yet. So, we could have a local downward correction in the short term. Meanwhile, bulls are likely going to test the nearest resistance afterwards.


    We've got a bearish "High Wave", but this pattern remains unconfirmed. In this case, the market is likely going to test the closest support, which could be a departure point for another upward price movement.

    More:
    https://fbs.com/analytics/articles/e...h_wave%22_2228

  2. #4392
    riki143 is offline Senior Member
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    USD/JPY: "SHOOTING STAR DOJI" PATTERN
    15:38 14.07.2017



    The 21 Moving Average is acting as resistance. All the last candles are bearish, so there isn't any reversal pattern so far. Therefore, the pair is likely going to test the lower "Window" in the short term.



    There's a "Shooting Star Doji", so the price is declining. In this case, the 144 Moving Average is likely going to act as support. If we see a pullback from this line, bulls will have a green light to return to the market.

    More:
    https://fbs.com/analytics/articles/u...2_pattern_2229

  3. #4393
    riki143 is offline Senior Member
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    AUD/CHF RISING INSIDE MINOR IMPULSE WAVE 3
    17:31 14.07.2017

    AUD/CHF rising inside minor impulse wave 3
    Next buy target - 0.7620
    AUD/CHF continues to rise inside the sharp minor impulse wave 3 – which earlier broke through the multiple consecutive resistance levels – 0.7400 (previous by target), 0.7460 (top of the previous minor correction (iv)), 50% Fibonacci correction of the previous downward ABC correction (2) from February, and most recently – the pair broke through 0.7520 (monthly high from June). AUD/CHF can then be expected to rise further to the next buy target at the next resistance level 0.7620 (top of the earlier wave (ii) from May).



    More:
    https://fbs.com/analytics/articles/a...se_wave_3_2231

  4. #4394
    riki143 is offline Senior Member
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    AUD/USD BROKE MULTI-MONTH RESISTANCE LEVEL 0.7740
    17:33 14.07.2017

    AUD/USD broke multi-month resistance level 0.7740
    Next buy target - 0.7900
    AUD/USD continues to rise inside the minor impulse wave (iii) – which earlier broke through the powerful multi-month resistance level 0.7740 (which has been steadily reversing all upward impulses of this currency pair from the middle of 2016, as can be seen from the daily AUD/USD chart below). The breakout of this resistance level should lead to the substantial strengthening of of the bullish pressure on this currency pair. AUD/USD is expected to rise to the next buy target at the next resistance level 0.7900.



    More:
    https://fbs.com/analytics/articles/a...el_0.7740_2232

  5. #4395
    riki143 is offline Senior Member
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    AUD/NZD: PULL BACKS COULD COME SOON
    06:02 17.07.2017

    AUD/NZD has been following a cycle started from the end of June and it’s currently in an extreme zone for bulls, as the price action had reached the area between 1.0619 and 1.0688, which are the Fibonacci expansion zone of 123.6% and 161.8%. Such territory can provide another selling wave for the pair and if that happens, we can expect a decline towards 61.8% at 1.0507.

    To invalidate that scenario, the pair should break above 1.0688 in order to test the 1.0700 psychological level. RSI indicator at H4 chart is currently overbought.



    More:
    https://fbs.com/analytics/articles/a...come_soon_2239

  6. #4396
    riki143 is offline Senior Member
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    EUR/USD: EURO SUPPORTED BY CLOUD
    10:06 17.07.2017

    Technical levels: support – 1.1430; resistance – 1.1515.

    Trade recommendations:

    Buy — 1.1430; SL — 1.1410; TP1 — 1.1490; TP2 – 1.1515.
    Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal Tenkan-sen and Kijun-sen; the prices are supported by Cloud and bounced to positive area.



    More:
    https://fbs.com/analytics/articles/e..._by_cloud_2242

  7. #4397
    riki143 is offline Senior Member
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    USD/JPY: DOLLAR ENTERED INTO CLOUDY AREA
    10:08 17.07.2017

    Technical levels: support – 112.10; resistance – 113.30.

    Trade recommendations:

    Buy — 112.10; SL — 111.90; TP1 — 113.00; TP2 — 113.30.
    Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction to Senkou Span B – waiting for bouncing.




    More:
    https://fbs.com/analytics/articles/u...oudy_area_2243

  8. #4398
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    AUD/USD: BULLS GOT COMFORTABLE
    10:48 17.07.2017

    Recommendation:

    BUY 0.7715

    SL 0.7660

    TP1 0.7850 TP2 0.8025.

    On the daily chart, AUD/USD keeps moving up to 161.8% target of the inverted “Crab” pattern. The nearest support levels are close to 0.7750 (historical level) and 0.7715 (previous high). As long as the pair is trading above the convergence area of 0.7715-0.7750, bulls will remain in control.



    On H1, there are “Three Indians” and “Spike and ledge” patterns. The decline below the line of “Three Indians” will increase the risks of correction towards 0.7715/0.7725.



    More:
    https://fbs.com/analytics/articles/a...mfortable_2246

  9. #4399
    riki143 is offline Senior Member
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    EUR/USD: "DOUBLE TOP" PATTERN
    11:10 17.07.2017



    Bulls faced resistance at 1.1464, so we've got a bearish "V-Top" pattern, which pushed the price to support at 1.1425. However, bears are likely going to test the next support at 1.1398 in the short term. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards the nearest resistance at 1.1494 - 1.1529.



    There's a "Double Top" pattern, which has been confirmed. The price is testing support at 1.1444, so we could have another decline in the direction of the 89 Moving Average. Meanwhile, if a pullback from this line happens, bulls will have a green light to reach the next resistance at 1.1488 - 1.1494.

    More:
    [URL:https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_2248]https://fbs.com/analytics/articles/eur_usd%3a_%22double_top%22_pattern_2248[/URL]

  10. #4400
    riki143 is offline Senior Member
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    GBP/USD: BEARS GOING TO ACHIEVE CLOSEST SUPPORT
    11:13 17.07.2017



    The price found resistance at 1.3119, so we've got a "V-Top" pattern, which set up a bearish correction. The main intraday target is the nearest support at 1.3057 - 1.2032. However, if we see a pullback from this area, we should keep in mind the next resistance at 1.3184 as a bullish goal.



    We've got a "Double Top" pattern, which has been confirmed. So, bears are likely going to achieve the closest support at 1.3057 - 1.3032 during the day. At the same time, if a pullback from these levels happens, there'll be an option to have a bullish price movement towards resistance at 1.3119

    More:
    https://fbs.com/analytics/articles/g...t_support_2249

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