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AUDNZD will rise to 1.082

Hi All,
AUDNZD will rise to 1.082 as on 2/Feb/2015.
Chart 1 is based on daily time frame.
Chart 2 is based on weekly time frame.
Chart 1 shows that prices are over-extended from 50 SMA. Also, CCI (14) indicator reading shows that price is oversold.
Possible price target for pullback is atleast 23.6% Fibonacci Retracement level of price 1.062 considering high ATR currency pair of AUDNZD.
Chart 2 shows that monthly Camarilla pivots exist at 1.097 (Central Pivot), 1.086 (R1) and 1.077 (S1).
Importa…
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Update#9:AUDNZD (monthly) has already completed a full Fibo cycle.Next week's price action is crucial.

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Update#10:Recent sell-off in AUDNZD was largely due to an expectation that interest rate differentials would widen. As that is now unlikely, the cross should give back some of its gains. Signs of consolidation in the oil markets will benefit the Aussie more than the Kiwi.

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Update#11:The correction ended nicely on top of the price action.It looks bullish again. This puts the recent 1.0760 high back in the line of fire - and if broken sight should be lifted to refs at 1.0835/70 next. Current intraday stretches are located at 1.0580 & 1.0740.

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Update#12:Technically the 1.06 is key support for the pair and break there opens a run towards 1.05. On the other hand a close above 1.06 would suggest that the pair has found firm support and may be ready to rally

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Update#13:The pair has an immediate resistance at 1.0797 levels, above which gains could be extended to 1.0815 levels. On the flip side, support is seen at 1.0720 levels, from here it to below 1.0653 levels.

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XAGUSD will rise to 18.02

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XAGUSD will rise to 18.02 as on 2/Feb/2015.
Chart 1,2 and 3 are based on daily time frame.
Chart 4 is based on weekly time frame.
Chart 1 and 2 show two Fibonacci Retracement levels. In chart 1, the Fibonacci study is based on bearish downtrend from July 2014 - Nov 2014. In chart 2, the second Fibonacci study is based on bearish downtrend from Oct 2014 - Nov 2014.
Chart 3 shows clustering of 23.6% Fibonacci Retracement level from first chart and 61.8% Fib. Ret. from second chart near 16.…
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Update#9:This pair has already completed a full Fibo cycle.Next week's price action is crucial.

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Update#10:Silver took out the 50% retrace of the weakness seen from last July to that low in December. It has held 16.89 as support, a good example of old resistance levels "switching" to support after they've broken. But now silver has has stalled at the 200 day SMA, which is currently at 18.46, so this is now the bulls' next hurdle.

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Update#11: Silver has more time and more price before it exhausts itself. Silver has been bullish so far in 2015, rallying from a low of 15.53 until a high of 18.47 last week. The 4H chart shows a fairly clear uptrend with persistent higher highs and higher lows. The RSI stayed above 40 and tagged above 70. The 200-, 100-, and 50-period simple moving averages are sloping up in bullish alignment, and price has been trading above them.

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Update#12: Intra-day trend is slightly bullish as long as minor support $17.5 holds. The silver’s minor resistance is around $18.55 (200 Day EMA). On the upper side any break above $18.55 will target $19.05 (61.8% retracement of $22.16 & $15.50) in short term.

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Update#13:While below 18.00 - 18.03 it could fall towards below 17.81. Rise above 18.08 could activate some bullish pattern.Pair is testing second daily support (17.81).

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EURAUD will rise to 1.516

Hi All,
EURAUD will rise to 1.516 as on 2/Feb/2015.
Chart 1,2 and 3 are based on daily time frame.
Chart 4 is based on weekly time frame.
In charts 1 and 2, I have shown two Fibonacci Retracements. First Fibonacci Retracement is based on uptrend from Sept 2014 - Dec 2014. Second Fibonacci Retracement is based on uptrend from Nov 2014 - Dec 2014.
It is evident from Chart 3 that there is clustering at 1.47 when 38.2% Fibonacci Retracement level from first chart coincides with the 50% Fib. Ret. lev…
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Update#1:On weekend close price level is at 1.4059. Bearish bias is confirmed from readings of important momentum indicators: ADX(14) at 24.55, Williams %R at -65.62 and CCI(14) at -71.39.

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SGDJPY to remain at 91.300

Hi All,
SGDJPY pair will be 91.300 as on 2/Feb/2015.
Chart 1 is based on daily time frame.
Chart 2 is based on weekly time frame.
From chart 2 on weekly time frame. Bearish divergence can be identified signaling immediate bearish trend for SGDJPY. CCI (14) indicator is making LOWER highs while prices are completing HIGHER highs.This provides evidence for bearish divergence.
I immediately foresee a minor bearish trend.
Chart 1 shows that price action had touched 23.6% Fibonacci Retracement level …
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Update#8: Bullish Cypher pattern at market. The D completion of the Bullish Cypher is also the potential C to D leg of another bearish one which at the moment would complete at the 88.64 level.

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Update#9:This pair has already completed a full Fibo cycle.Next week's price action is crucial.

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Update#10: 88.145 is the current price level. It has a bullish bias with strong Monday gains.Let us see how it fares this week.

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Update#11:87.845 is the price level.I have bearish bias based on these momentum indicator readings : RSI(14) at 43.2, STOCH(9,6) at 36.18 and ADX(14) at 29.19.

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Update#12:Technically the 87.00 is key support for the pair and break there opens a run towards 85.00. On the other hand a close above 89.00 would suggest that the pair has found firm support and may be ready to rally

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EURJPY to pullback to 147.600

Hi All,
EURJPY will pullback from current downtrend to 147.600 as on 2/Feb/2015.
Chart 1,2,3 and 5 is based on daily time frame.
Chart 4 is based on weekly time frame.
As it is self-explanatory from above charts, EURJPY's downfall is limited as 144 psychological level is reinforced with 23.6% Fibonacci Retracement levels from weekly time frame.Monthly Camarilla pivot points - Central Pivot [145.7],R1 [148.4] and S1 [146.85] also cluster around other important Fibonacci Retracement levels - 38.2% [146.8] and 50% [/148][/146][/146][/145]…
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