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Consolidation with bearish tilt still on the cards

Currency Pair:Gbp/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 186.05
Trend: consolidation(daily)
Possible trading range:182-189
Technical analysis: So far we have an massive ascending channel which don't let the bears to take control over this pair. A bearish signal has just appeared ( death cross) and it's a matter of time until the downtrend will resume.
Forecast: Both fundamental ( the BOJ took no measures regarding stepping up the QE) and technical analysi…
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marius24 avatar
marius24 23 Nov.

update: not much movement has been seen lately in this pair since i put this prediction. To me more precisely the price headed in one direction from 186 towards 188.70. At this moment the bulls have run out of steam and therefore the price is hovering once again around 186 with bearish outlook in the sight.

marius24 avatar
marius24 30 Nov.

update: a bearish pattern has just appeared on the 4 hour chart and it's called head and shoulders with its neckline situated around 184.26. In the same time we are not very far from a bearish crossroad between Sma 50 and Sma200. Curent price : 185.32 My target is much lower at 183.79.

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There is scope to revisit the 118 level

Currency Pair:Usd/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 120.68
Trend: consolidation (daily)
Possible trading range:118 - 121.50
Technical analysis: It seems that 121.50 level is a very strong barrier for bears to be easily overcome and may represent one more confirmation that the price is going to spend more time in the same trading range between 121.50 and 116. Another bearish sign is lurching under the form of a death cross ( daily chart) and it's wort…
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Consolidation with bearish tilt

Currency Pair:Eur/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.1017
Trend: consolidation (daily)
Possible trading range:1.08 -1.13
Technical analysis :This pair has left behind a very clear bearish flag pattern located on the daily chart with the break point situated at around 1.1070. In normal conditions we must see first the 1.08 level followed by a rebound towards at least the 1.12 handle. In this way another bearish pattern called H&S will have some chanc…
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Consolidation with downside potential

Currency Pair:S&P500
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1903
Trend: downtrend
Possible trading range:1860-2020
Technicals:It's for the first time when i see three very bearish technical patterns complete: 1. H&S pattern whose breakout to downside at around 2030 triggered a very massive sell off in this index sending the price as low as 1850. 2. The so called death cross appeared after this index had lost more than 1500 points.3. Another massive head and s…
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marius24 avatar
marius24 9 Oct.

update: S&P 500 has managed somehow to gather itself and to offer us a quite strong recovery off a very low level at around 1860. Right now the trend remains tilted to the downside as long as the price hovers below the 200 SMA on the daily chart. Even more another super bearish pattern is still alive unless the bulls push the price over a very closely watched level (2024). I am still bearish

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EUR/USD can decline to 1.33550

Hi All,
Based on detailed chart analysis done on daily and weekly time frames, I have come to a conclusion that EUR/USD on 1st of September 2014 can decline to 1.33550.
Daily Chart Analysis

Euro continues to head south and has dipped below the 1.34 level. It has been a July to forget for the euro, which has lost more than 300 pips to the surging US dollar.But with the RSI(14) currently below 30 indicating that prices have been in the “oversold” territory, there is a chance for a short-term imme…
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bharatholsa avatar

still below 1,34 key level as we head for weekly close

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at 1.33185 level - price action below my target

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at 1.32634 - technical pullback is possible

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at 1.328 level - technical pullback in horizon

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at 1.327 level - weekly close - may be bottoming out

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