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Technical analysis of USD/JPY for October 13, 2015

Postby pipabode » Tue Oct 13, 2015 9:59 am

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In Asia, Japan will release data on the Prelim Machine Tool Orders y/y, Consumer Confidence, Bank Lending y/y, and Monetary Policy Meeting Minutes. The US is expected to publish economic news on the Federal Budget Balance and NFIB Small Business Index. So, there is a strong probability that USD/JPY will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.50.

Resistance. 2: 120.27.

Resistance. 1: 120.03.

Support. 1: 119.75.

Support. 2: 119.51.

Support. 3: 119.28.
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Re: Daily Technical Analysis

Postby pipabode » Mon Dec 14, 2015 9:27 am

EUR/NZD analysis for December 14, 2015
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Fibonacci Pivot Points:

Resistance levels:

R1: 1.6340

R2: 1.6400

R3: 1.6500

Support levels:

S1: 1.6150

S2: 1.6085

S3: 1.5990

Trading recommendations : Selling EUR/NZD at this stage looks very risky since the price is testing the major support cluster. Watch for potential buying opportunities on dips.
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Re: Daily Technical Analysis

Postby pipabode » Mon Dec 14, 2015 9:32 am

Intraday technical levels and trading recommendations for GBP/USD for December 14, 2015
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Trading Recommendation:

A valid buy entry was suggested around the weekly demand zone of 1.4950-1.4930. S/L should be elevated to 1.5000. T/P levels should be located at 1.5000, 1.5170 and 1.5300.

On the other hand, a valid sell entry can be offered anywhere around the supply level of 1.5300. S/L should be placed above 1.5350.
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Re: Daily Technical Analysis

Postby pipabode » Mon Dec 14, 2015 9:37 am

Intraday technical levels and trading recommendations for EUR/USD for December 14, 2015
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Three weeks ago, daily persistence below the level of 1.0700 (key level) ensured enough bearish momentum towards 1.0550 (prominent monthly low) where a prominent bullish pullback was initiated as anticipated in previous articles.

A daily breakdown of the monthly demand level (1.0550) was needed to expose next bearish target levels at 1.0460 initially.

However, bullish fixation above 1.0550 and 1.0700 brought the EUR/USD pair back towards the level of 1.0990 (Sell Entry).

Today, the price level of 1.1000 remains a significant supply level to be watched for a valid sell entry. S/L should be placed above 1.1075. Initial T/P levels should be located at 1.0900 and 1.0810.

On the other hand, an obvious daily fixation above 1.1000 opens the way initially towards 1.1150 where prominent daily bottoms were previously established.
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Re: Daily Technical Analysis

Postby amittimothy » Fri Jun 10, 2016 7:11 am

Daily Recommendations on Major EUR/USD

EUR/USD - 1.1300
Although euro's anticipated decline from Thursday's fresh 1-month peak at 1.1416 (Asia) to as low as 1.1306 in New York and then intra-day weakness below said sup in Asia confirms early upmove from May's 1.1098 trough has indeed made a temporary top there.
With near term loss of downward momentum it would prevent steep fall and reckon 1.1270/80 would contain downside, bring subsequent rebound but several days of choppy consolidation is now envisaged.

On the downside, only a daily close below 1.1265/70 would shift risk to downside for a stronger retracement of indicated upmove towards 1.1220 (previous res, now sup).
Timothy
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Re: Daily Technical Analysis

Postby orni308 » Wed Jul 20, 2016 5:30 pm

NZDUSD has been up and its likely that prices might push further up in the current scenerio, its better for short trades.
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Re: Daily Technical Analysis

Postby Sevo23 » Wed Aug 24, 2016 12:23 am

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Re: Daily Technical Analysis

Postby Michael Owens » Mon Feb 20, 2017 6:41 am

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Daily Technical Analysis

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Re: Daily Technical Analysis

Postby andengireng » Thu Sep 14, 2017 7:29 am

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AUDUSD is depressedFor trading strategy based on forex technical analysis today September 14, 2017 you can find confirmation of sell signal if there is any correction into the reference area in the range 0.80063. The target potential is up to the range 0.79732. A break below 0.79732 will open further bearish opportunities up to the range 0.79000. be careful if the price breaks above 0.80600 because it will turn the intraday bias to bullish and potentially will raise the aussie up to the range 0.80800.
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