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EUR/USD


Let's look at the chart here in the image (Weekly chart) , where i drawed the purple lines , we see that the price falled down (first line) wich created the first impulsion of this down move, then the price did a nice correction and hit the 61.8% Fib's level (second line) wich is a strong level for reversal and fall down again to do the seconde impulsion as shown in the image.
After the breakout, the price entered in range where i drawed the big rectangle , So let's see what happened there in …
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fqtalix avatar
fqtalix 12 Oct.


( 2H chart) ; so here we can see that the price has broken the 1.17970 as i mentioned in the analysis and go up to do a nice impulsion , there is a hight probability that the orice will do a correction and hit 61.8% Fib's expansion and retest the breakout  aprox 1.18017 ( same level ).
so here there is 2 entry for who want to benefit again ;
-place a buy limit at 1.18017
-buy at the breakout of the impulsion 1.18800

Look at the image i drawed an orange line where the first hight probability target wich is 1.19360 (127.2% fib's level of the implusion ) .

thank you.

fqtalix avatar
fqtalix 12 Oct.

I will do updates  each interesting price movement .

fqtalix avatar
fqtalix 12 Oct.


(4H chart) For more confidence about the hight probability target at 1.19360, look at this image we will se what happen few days ago . you can see an impulsion and correction drawed with yellow lines after a little range ( Red rectangle) the price has broken to form the second impulsion,(correction exeeded  61.8%Fib's retrac so we expect a week movement after breakout).
We can see the seconde implusion hit the 161.8% Fib's expancion level where i drawed the support level, that cofirm this level is hight prob for reversal.

fqtalix avatar
fqtalix 12 Oct.

Resume: What is intresting about this is the 61.8% expasion level of the first impulsion is at the same Price of our hight probability target . The price pulled back for a correction after he hit the bottom of the range where i drawed the red ractangle , and the seconde impulsion will hit our 1.19360.

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EURUSD will rise in february

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
EURUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone. The histogram suggests the buyers taking control of the market.
  • The RSI is almost vertical and headed high and shows the strength of the pair.
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Loonie the best performer so far this week

Last couple of days felt a bit like a summer in the markets. There was no real trend while volatility declined, particularly in European currencies - Euro's weekly range being currently worth only about 90 pips. Loonie (~250 pips) and Yen (~230 pips) have fared somewhat better.
I think UK EU referendum is playing a big part here. The uncertainty is causing many players (including central banks) to postpone their decisions until after June 23rd. I wouldn't be surprised if the markets remain in th…
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fxsurprise8 avatar

time to buy?

al_dcdemo avatar

I think U.S. dollar longs are the correct play in this environment. As for Loonie, I think it will revisit 1.33 in the days/weeks ahead.

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AUD/USD to recover 0.8000 again

General outlook for the pair

AUD/USD pair moved in the last weeks in tight range between 0.7600 and 0.7850 , the pair seemed moved range in the last time, the pair is expected to break current range in the next month either up or down.

Expected rate of the pair
3rd of August, 12:00 GMT: 0.8076
Major support:

0.7600 (lowest level in 2 months), 0.7532 ( lowest level in 2015).
Major Resistance :
0.7850 (the upper band of last 5 weeks range), 0.8162 (weekly top), 8294 ( highest le…
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khalidamassi avatar

The pair traded now around 0.7500 below monthly bottom, if the pair holds below 0.7500 then forget the expected bullish scenario.

khalidamassi avatar

still not able to recover 0.7500 S again, the pair still seen strong bearish in the current time.

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Setups for AUD CAD, CAD JPY

AUD CAD

Aussie Canada (AUD CAD) has recently broken the Support of the Daily Chart´s Pennant, indicating the continuation of the bearish trend. This would be similar to the downtrends that have already taken place on the correlated pairs of AUD USD and AUD NZD.
Right now, the 4H Chart is moving sideways between Resistance and Support lines 0,9520 and 0.9490 and a break of this area will be a signal for me to sell. Target would be at the 0,9200 area just above major Support of 0,9167 formed on …
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