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EURUSD Daily


This is the case in the middle term.The future of the euro is bright but there may be a stagnation for now .
I am evaluating the overall situation this way.In the coming days definitely different formations can be formed.
Good luck to everyone
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EUR/JPY to Stabilize at Double Bottom

The EUR/JPY has lost a lot of ground in April. The pair closed the month lower by 636 pips. On the first picture below we can see that the currency pair is oversold on the lower timeframes according to the Stochastic Oscillator. Values below 20 indicate an oversold market.
Let's go up in timeframes. On the daily chart below we see that the pair is now right at a critical support level. This area around 122 Euros per Yen has acted as support on two other separate occasions, forming a double botto…
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fxsurprise8 avatar

The 122.00 support managed to hold up prices once again. We bounced from this level on May 2nd and on May 6th. That bounce took us much higher to 124.63 but we've since falling back.

The EUR/JPY is currently quoted at 122.91, about 120 pips away from my forecast. The 122 mark should continue to act as a magnet. I'm hoping that as we get closer to month-end we'll see renewed selling in this pair to bring me closer to my target.

fxsurprise8 avatar

Very volatile session in the EUR/JPY but with little progress. During the Asian session heavy selling pushed this pair to a low of 122.25, only 50 pips away from my target.

But these lows were quickly bought up as risk appetite picked up across the board and the pair hit a high of 123.06 during the US session.

From here we got another reversal, this time downward as the EUR/JPY closed at 122.85. This is only 1 pip below the daily open. Fundamentally nothing has changed in this pair, so counting on more stabilization and continued flirting with the 122 handle.

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Today we got another reversal close to the 122 handle. Prices bottomed out at 122.21 before clawing back some of the losses to close at 122.50.

This is 75 pips away from my target. With the Euro being heavily sold on Friday, we could see continuation of the EUR down moves next week to bring us closer to 121.75.

Technically the 122 handle continues to act as both support and a price magnet, inline with my analysis.

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Time for another update!  In the past few days the EUR/JPY had a wild ride. On Monday we rallied to a high of 124.18. But these gains were short-lived as today we crashed back down to.....wait for it.....yes the 122.00 handle again!

The pair bottomed out at 121.98 this morning, then bounced to an interim high of 122.82 before trading back down to the 122.00 handle yet again. We are currently quoted exactly at this level (122.003) with only few hours to go in the contest.

Given how volatile this pair has been today, it will be part luck how close the EUR/JPY gets to my 121.75 target.

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AUDJPY proces of formating HS


Char 1. audjpy weekly
Audjpy have very bullish last week and close on trendline. This is mean resistance in this moment but on next week we have big impact events in Japan and this resistance on trendline can easy be history ( Chart 1)
Chart 2 - audjpy daily
My view is that break of this trendline will happen in next week or two. After that pair will go up to very strong resistance on 90.75 , breaking that resistance this pair get very bullish view but i think that resistance will hold in first…
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золотая жила.

Всем привет!!! Хочу обратить ваше внимание на пару GBP\NZD в дневном диапазоне. После почти завершившейся коррекции, есть хорошая возможность роста. Сопротивление находится в зоне зеркального уровня (очень сильного) 2.3346, стоп за уровень. Не стоит забывать что это не аксиома, есть несколько вариантов развития событий возле этого уровня: отбой или пробой.
Всем удачи!!!…
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USD/PLN triangle formation

CHART SCALE: Weekly

INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
RESISTANCE LEVELS: 3.8287 - 4.0012
SUPPORT LEVELS : 3.52012
PAIR ANALYSIS :
USD/PLN has been traded within a triangle formation, the chart analysis in consideration of the convergence of the line suggest the possibility of a trendless tendency.
A passage below3.52012 could be an indication of a bears domination. The Linear Regression Slope around 0.001 with the MFI support the trendless forecast . The confi…
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Comment 1 - At the meeting of the FOMC, the Fed has apparently given no change regarding the monetary policy. The interest rate remains at 0.25%, this can be analyzed as a possible neutral on chart analysis.  In consideration of the American economy scenario it is possible to forecast a slightly bullish tendency.

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Comment 2  - The USD is in a bearish tendency against other major currencies after data showed a smaller improvement than expected non-farm payrolls data in July, weighing on expectations of a rise in interest rates.  The payroll processing company ADP reported that nonfarm employment has seen an increase of around 185,000 new jobs, against a forecast of 215,000 units.
So the economic release could suggest a bearish tendency.

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Comment 3 -  The NFP release marginally disappointed the USD bulls. The  215,000 in the NFP values  did not improve the 225,000 units forecasted but the result can be  evaluated as profitable for an improvement of the interest rate. So it is possible a bullish forecast for the pair USD/PLN

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Comment  4 - The 27/08/2015 GDP release indicates the improvement of the US economy.
The cyclic technical analysis and the  NFP  forecast could support the  USD/PLN  bullish propency

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Comment 5 - At the opening of  week 30/08/2015 the pair USD/PLN pattern indicates a slightly bullish  propency . This trend can be supported by the positive linear regression slope and the bullish parabolic Sar.

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SGD/JPY triangle formation

CHART SCALE
: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear regression slope
RESISTANCE LEVELS: 86.08-85.02
SUPPORT LEVELS : 82.94-82.03
PAIR ANALYSIS :
SGD/JPY has been traded within a symmetric triangle formation started at 09/2014, the MFI at 58.32 and the linear regression slope at 0.23 can suggest a slightly bullish secondary domination tendency. With a consistent resistance line it is possible to configure a sell limit position around the 85 area with SL at 86.10 and TP at 84…
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USD/DKK-Channel Down


Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 5.5703

Danish Krone in July this year found a resistance level at fibonacci retracement 0.00% (6.1792) price level which is also the area of fibonacci fan line 38.20% level. From there the krone started to strengthen beaking fibonacci retracement level one after another founding support at fibonacci 61.80% retracement level.As can be seen in
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Metal_Mind 26 déc

UPDATE 1 : The prediction is over 600 pips from target . It is on the right path but it is very far though from target.

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USD/CHF TRIANGHLE FORMATION

USD/CHF has two major support & resistance at this moment which are also the pillars of the trianghle formation that has been forming since the begining of February 2013. The support is the 100% Fibonacci retracement level (0.9023) & the retracement level of 0.00% (0.9845) act as the resistance.I expect an up move towards the retracement level of 23%(0.9651) and continueing with a pullback to the 50% retracement level of 0.9434 as a target for the 1 st of October.
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Jessa avatar
Jessa 23 aou

my speculation is its gonna go up but not much it will gonna go down more eventually.. and your a bullish on this part.

Metal_Mind avatar

Update: The pair has started a run as i predicted and has reach today highest level of (0.9383) being at 51 pips below target. I expect the uptrend to continue as stated in my initial analysys.

alincik avatar
alincik 15 sep

I hope will be as you expect

Metal_Mind avatar

Update 2 : With all the Fed 's recently decision which weaken the Dollar this pair has already reached my initial target and now is very far from it at 0.9106 at over 334 pips from my target. With no extraordinary event for the dollar i don't expect the initial target to be meet.

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Update 3 ; This prediction is wrong. Ther current price from the target is almost 400 pips away .

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