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NZDCAD is bearish

NZDCAD is capped by a falling trendline which is starting to formed a falling channel. The pair is bearish.
Important levels towatch are:
0.9930
0.9775
0.9535
0.9170
0.8650
0.8290
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USDCAD is inside a rising channel

USDCAD is inside a rising channel. The pair is swinging lower now and will be supported by the bottom rising trendline.
Important levels to watch are:
1.3777
1.3394
1.3006
1.2435
1.2057
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USDCAD is bullish

USDCAD is bullish. The pair recently breach a falling trendline and is expected to move upward to test level of 1.3785.
Major support and resistant levels are
1.4685
1.3790
1.2465
1.2080
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EURJPY is bullish

EURJPY is bullish. The pair has recently breached a declining trendline and is expected to test level of 133.30.
Major support and resistant levels are
137.45
133.30
130.30
126.60
124.55
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NZDUSD could fall from the falling wedge

NZDUSD is inside a wide wedge pattern. The pair is around the bottom trendline of the wedge and could breach the line.
Important support and resistant levels are
0.7555
0.7050
0.6690
0.6350
0.6080
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NZDCAD cap by a declining trendline

NZDCAD is capped by a declining trendline. The pair is likely to fall towards 0.8300 level if it breaches the 0,8620 support level.
Major support and resistant levels are
0.9920
0.9720
0.9500
0.9200
0.8620
0.8300
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AUDUSD is bearish

AUDUSD is bearish and falling making newer lower low and lower highs. The pair is likely to fall further.
Important Support and Resistant Levels are
0.8135
0.7900
0.7760
0.7490
0.7320
0.7160
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mrlfx avatar
mrlfx 23 Aug.



AUDUSD is moving in predicted line but has move sooner than expected.

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Taking profits early on GBP\USD

As you can see in my trades a took a long side trade on the gbpusd for the same reason as the eurusd but took the profits earlier with my take profit set up at the earlier resistance point. With the price around that same point I will be waiting to see what the market does before trading the pair again.
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AUDNZD continues the bearish trend

AUDNZD is continuing the bearish trend and likely to fall towards the support levl of 1.03750 and supported the falling trendline.
Main Support and resistant levels are:
1.1280
1.1160
1.1020
1.0870
1.0740
1.0585
1.0375
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EUR/USD under 1.22

We can see in the 1D chart a strong resistance at 1.25 and a strong support at 1.22. The 1W then tells us that the pair seems to be at a consolidating stage after a 7w stait that ended at the end of january. Returning back to the 1D chart we can confirm this thought as the pair did pass through the 1.25 mark mid-feburary but came straight back down. Considering these technical trends, we can expect a reversal to first pull through the 1.22 mark in the first weeks. After, knowing that there is no…
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