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USDJPY Back to the Daily 200EMA

Erric1 Posted 17 Aug. as Analysis on USD/JPY, Target: 93.6000, Date: 1st of October, 12:00 GMT  in #Technical analysis #USD/JPY
Trading well below the 50 Day EMA some 10 days now, unable to move back up (above) again, below cloud (Senkou A and B) and finding resistance on the Kinjun.The pair has a bearish bias and looks weak after a rejected test of the upper trend line (resistance) last weekA diamond shape formation is showing up and a break lower is the play for/untill October 1st.The 200 day EMA at 94,10 (and rmoving lower) as well as the 38.20 rfibo retrace at 93.62 are pulling the pair lower for a revisit.On the we…
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Furian 17 Aug.

next month? Man , this will happen within 7-10 working days... usd are in free fall,... jpy is undervalued...-> usd/jp onw way drive.... it is also very likely for every jpy pair to go in jpy direction next 10 days

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Furian 17 Aug.

off course bigest fall will be in gbp/jpy..becuse usd/jpy go down and gbp/usd go down (buterfly harmonic at 4 h time frame) -> gpb/jpy go down very heavily

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Erric1 27 Aug.

as you see..it was not 7-10 working days....any way the highs are in now and the move starting to unfold to the downside, 97.50 is the big level to watch, a clear break below will open the path for a 95 print

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Erric1 28 Aug.

28/8 the 97.50 level was taken out and a move below 97 was done printing a low of 96.81 so far, need to stay below 97.50 on a daily closing day

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XAGUSD

Erric1 Posted 16 Aug. as Analysis on XAG/USD, Target: 29.8500, Date: 1st of October, 12:00 GMT  in #Technical analysis #XAG/USD
As prior predicted, Silver took out the 22.40$ area and now is looking for the 30$ critical level.http://www.dukascopy.com/fxcomm//technical_analysis/?action=blog&nickname=Erric1&filter_month=TechnicalAnalysisContest_June_2013On the daily chart, above Senkou B as well as above the 50 EMA,a bit overbought with a 75+ RSI reading (need to cool down a bit) but must not violate (to the downside) the 21$ areaIf so then a move to take out the 200 EMA will unfold (at 25$ now), following by a strong and …
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Erric1 17 Aug.

17/8...another strong up day, closing at 23.26 up for the day and up for the week. The 25$ target 1 area should be printed next 2 weeks. Very bullish sign the abillity to trade (that) higher on a 77+ rsi (day) reading

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Erric1 20 Aug.

20/8...we got the pullback below 22.50, longs are trigered..cooldown was done now with a 66 RSI reading.

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Erric1 27 Aug.

27/8....a 2$ move on our side after the dip below 22.40 was done this week, now the 200 EMA target1 at 25 is only 50 cents away. some consolidation on that level 1 or 2 weeks before the final attack to the 29.85 target

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Erric1 28 Aug.

28/8 target 1 25$.done!

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Erric1 14 Sep.

14/9 the 21$ level held nicely and the plan is not violated, next 2-3 weeks will be very volatile. Need to regain 25 as fast as possible in order to target the final target on time...next friday 20/9 close must be above or around 25$

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XAGUSD

Erric1 Posted 30 June as Analysis on XAG/USD, Target: 24.5000, Date: 1st of August, 12:00 GMT  in #Technical analysis #XAG/USD
Nice bottom action at way oversold levels with a V shape almost 2$ move.Its too early to say, but we may have seen years lows.A move above 22 is in play and can shoot as high as 24 till August the 1stTaking out Tenkan and Kinjun on a daily chart will be step 1, forst 2 weeks of Julycooling out a bit just before attacking the 50 EMA (22.40 now)After that the cloud will be the challenge, among with the 23.60 retrace (22.27 area)punching through and breaking out free on the other side,printing a 38…
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