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USDJPY could bounce off 120.00 zone

As you could read in my previous USDJPY ANALYSIS and my FXstreet INTERVIEW USDJPY bearish pennant has given us great shorting setups. As i have already stated, I expect a range play in the currency...

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AUDUSD W bullish pattern is showing new confluence point

AUDUSD is correlated to Chinese equities and data as China is a big exporter for Australia. China imports Australian resources mainly bauxite, coal, gold, LNG, some copper and iron ore, but when China...

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EURUSD following bullish W due to USDx weakness

EURUSD and other USD pairs completely reversed the trend mainly due to USD weakness then their own strength. It creates some uncertainty for swing traders and short term traders whether totake long or...

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USDSGD touching important resistance

USDSGD is one of the interesting pairs to trade and analyze. Fundamentally the pair is susceptible to Chinese data , especially Chinese GDP. Latest data also show the raise of Singapore government...

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USDJPY Range bound trading continues

As I already stated a couple of times, USDJPY is range bound with a bit more buying into dips. Presumably it is done by institutional traders as we can see from the chart. Scholastic example of double...

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USDCAD determined to rise even higher

The latest elections in Canada showed that Liberal party won elections which was a surprise. That could be positive for Canada, but i expect that it weights down on CAD national currency. All good...

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USDJPY inverted roof pattern targeting 122.00 and above

BOJ is facing problems due to oil price drop and recession while USD remains strong as a safe heaven. I have warned about USDJPY staying in the range and possible dip buying. Technically we should be...

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EURUSD is waiting for FOMC decision today

The EURUSD has been ranging in the wake of FOMC decision which is scheduled for 6 PM GMT today. No rate hike is expected this week especially because job growth has been slowed down in recent...

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NZDUSD possible short coming at 0.6740 level

The RBNZ decided to hold with rate cuts last night but it was explicitly said that exchange rate is linked to interest rate decision. Judging from RBNZ comments we can conclude that they are not happy...

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EURJPY 2-way Inverted Head and Shoulders confluence

The EURJPY has rallied from a temporary bottom in 131.60 zone and now it is rallying towards POC. This time POC is a neckline of inverted Head and Shoulders pattern type 2- "Inverted Head and Shoulders...

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AUDUSD bears are patiently waiting

The AUDUSD has had a relief rally after the RBA decided to keep the rates at 2 %. The RBA indicated at the start of 2015 that it wanted to achieve 0.75 for the AUDUSD pair; currently it has surpassed...

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USDCAD determined to push higher

The USDCAD appreciated after positive US ADP, ISM and trade balance reports ,generally maintaining positive USDCAD movement. Today we are focused on 1.3120-50 region where rejections could happen. ( 89...

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EURUSD looking to short in the confluence above

The EURUSD dropped like a stone after much better than expected NFP report hitting 1.0710 a historical support which holds the price from proceeding lower. The trend is clear and we also need to watch...

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USDCAD Inverted Head and Shoulders confluence

The USDCAD is currently in retracement mode on higher time frames. Housing prices in Canada dropped from a 3y high reading (231.3 to 198.1) and we could also read OECD forecasts that Canada's Eco...

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USDCHF maintaining a positive tone

The USDCHF is in a strong uptrend, boosted by recent talks about possible rate hike in December and a very positive NFP data last Friday. Technically we see a bullish zigzag and a confluence of L3, WPP...

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GBPUSD paying attention to two breakout points

The GBPUSD has rejected from 1.5180 initially but it stopped in 1.5130 zone being unable to proceed lower. 1.5210 was hit afterwards making it strong POC at this time. But as we can see on the chart...

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EURUSD possible technical target overshoot

The EURUSD is very bearish. Technically we can spot bear flag on H4 time frame and as I have shown in my last EURUSD analysis and Session Recap webinars 1.0835 was the place to go short. The last...

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EURUSD proceeding with downtrend

As i have shown in my previous  EURUSD analysis   and the  conversation with FX experts article , the EURUSD has clearly rejected from POCs and proceeded in trend direction. Overall, the first target...

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GBPUSD possibly targeting 1.5350

As you could read in my previous GBPUSD analysis the pair has broken through 1.5190 initially then went down to a target zone - 1.5155. The pair has been contained below 1.5250 as presumed but today we...

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USDJPY pay attention to 122.40-60 zone

Latest comments from FED members pushed the pair to the upside again re-aligning technical with fundamental analysis. As I have already explained couple of times with EURUSD analysis selling the...

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