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On our way to the bottom of the Darvas Box


We are in a huge Darvas Box on the weekly chart, under the Moving Averages on the weekly, daily and 4 Hours. According to MACD we are sellers with convergence to the downside on the weekly and the daily time frame. Currently looking for a sell at 82.20, add to my position at 79.80, at 78.96, at 77.46 and every time when I have a correction ending with engulfing candles to the downside.
My final target is: 76.34
(Ones we hit the target and we still have convergence to the downside my next tar…
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EUR/CAD

EUR/CAD presently mark: 1.54707
Forecast: buy from any green candle on Fibo supports
H4 Key points:
Top Resistance: 1.5488
1st support: Fibonacci Retracement (23.6%)
2nd support: Fibonacci Retracment (38.20%)
3rd support Fibonacci Retracement (61.6%)
Moving support: ascending longitudinal line
Floor: Fibonacci Retracement (100%)
I'd not recommend buy now after price has grown almost 90 pips ahead of broken resistance and holds at. Wait from some retracement if you missed breakout. The trend is c…
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EUR/AUD

NZD/USD presently mark: 1.57205
Forecast: Down
H4 Key points:
Top Resistance: 1.5731
1st support: Fibonacci Retracement (23.6%)
2nd support: Fibonacci Retracment (38.20%)
3rd support Fibonacci Retracement (61.6%)
Floor: Fibonacci Retracement (100%)
Just sell NOW until 1st support on first wage with main goal located around 3rd Fibonacci Retracement
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EURUSD

Trend Direction - Up Trend
Macd & Moving Avarage 50 Going Up
Candle Going Down & Again uP break resistance Line 1.20947
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EURNOK Trend

Market Rising - Up Trend
Moving Avarage Going Up Trend
Candle Close Fibonacci 38.2
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USD/JPY entering support zone


Price found some good support on the 0.618 Fibonacci level (of the previous big uptrend) and near the 200 day moving average. Please keep in mind the big red line, this marks a very strong level which acted as support for some big moves in the past.
I have written an article about how I find the best trades and how it helped me to stop overtrading, this led to more profitable trades. You can find the article here, please have a look! I am sure it will help and benefit you!
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USDJPY DOWN TREND NEXT MONTH

MACD indicates that momentum is improving, but it remains in Bullish territory. I expect the histogram as well as moving average to approach the centerline during the expected move Lower. RSI is trading in territory and a breakout should initiate the rally.Current Level 112.77 I expect the pair to be trading near 111.25 towards the end of the forecast period which will conclude on the 1st of November, 12:00 GMT, Ideally, the pair will follow the expected price path as outlined on the charts.
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Multiple Studies Says EUR/SEK to Stay Near Longterm Average

This is one of those pictures that's worth a thousand words. The chart below shows mutiple studies confirming my view that the EUR/SEK will stay near its long-term average. First we have the 200 month moving average in blue. It's currently at 9.277, only 5 percent away from the current market price. This means that the current price is just a few days worth of trading away from its average during the past 16 years.
If that doesn't show you the state of this currency pair, there's more! Notice th…
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Singapore Dollar Near Long-Term Average

The Singapore Dollar is trading near its long-term moving average. On the chart below we can see two things, a Fibonacci retracement tool spanning the most recent swing high and low on the daily chart and a 365 period moving average.
The Fibonacci tool shows us that we're currently trading in between the 50 and 61% retracement, very close to the middle ground of the move during the past 12 months. Two, the 365 MA (in blue) is right now at 1.3858, only 26 pips away from the current price for USD/…
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EURAUD@1ST JUNE 2017

Currency market: EURAUDIndicators: two Moving averages and RSIStrategy: Price over both moving averages in both time frames validates an upward market trend, while price below the moving averages in both time frames validates a downward market trend.This is purely a technical analysis of the different markets using indicators, so even withprice below both MAs, if RSI is turned upwards then price can be expected to move up.RSI is the momentum indicator for price direction, and ultimately the tren…
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