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Predict the direction of GBPUSD
Expected rate: 1.3035
Technical analysis:
Weekly time frame
Daily time frame
Expected rate: 1.3035
Technical analysis:
Weekly time frame
Daily time frame
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AUDUsd pushing to break long term downtrend
AudUsd is looking to challenge long term downtrend
Looking at the weekly chart I see a long term downtrend:
Indicators (DiNapoli) and SMA's are pointing to bullish action, though
And a shorter term trendline seems to be leading the pair up to longer term downtrend upper border
On the daily chart it becomes more clear:
Here too, indicators are mostly bullish, and we can see price action playing out
I believe that longer term trendline will be tested and should hold at first
The daily trendline sh…
Looking at the weekly chart I see a long term downtrend:
Indicators (DiNapoli) and SMA's are pointing to bullish action, though
And a shorter term trendline seems to be leading the pair up to longer term downtrend upper border
On the daily chart it becomes more clear:
Here too, indicators are mostly bullish, and we can see price action playing out
I believe that longer term trendline will be tested and should hold at first
The daily trendline sh…
EUR/CAD-CAD getting stronger!
- Charts: 4Hours, 1 Day.
- Indicators: Fibonacci Fan Lines,Fibonacci Retracements.
- Prepared with : JForex 4.
- Current Level : 0.8141
AUDUSD Analysis for 1st Week of February 2014
Here are my analysis and price action forecast for AUDUSD for 1st week of February 2014.
1) Weekly Chart: We can see that price broke a significant demand zone between 0.8840 - 0.8890 couple of weeks ago.
2) Daily Chart: Price retested this zone after breakout and in doing so created a nice supply zone on daily time frame and this zone is holding price for now. Overall trend on Daily looks bearish as price continues to make lower highs and lower lows and in doing so creating supply zones.
I am e…
1) Weekly Chart: We can see that price broke a significant demand zone between 0.8840 - 0.8890 couple of weeks ago.
2) Daily Chart: Price retested this zone after breakout and in doing so created a nice supply zone on daily time frame and this zone is holding price for now. Overall trend on Daily looks bearish as price continues to make lower highs and lower lows and in doing so creating supply zones.
I am e…
Commitments of Traders
In last COT report bullishness increased a lot and after checking Dukas COT chart I noticed that in this whole up move from 1,31 is alot of bulls and in last week candle there are more bulls than there were at 1,3711 high from 20130201 so are we really so bullish or lots of sheep are ready for shearing?
Take care & good trading!
Take care & good trading!