Category Archives: Forex analysis review

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Technical analysis of USD/CAD for December 23, 2016

General overview for 23/12/2016:The market is trading around the weekly pivot resistace at the level of 1.3505. The level of 1.3433 will act as an intraday support now as the market approaches the resistance level. Pay attention to the growing bearish …

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Technical analysis of EUR/JPY for December 23, 2016

General overview for 23/12/2016:The top for the wave d (green) might be in place and now the market is trying to develop the wave e (green) of a triangle pattern. Break below the intraday support at the level of 122.79 will lead to the immediate test o…

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Analysis of EUR/NZD for December 23, 2016

Recently, EUR/NZD has been moving sideways at the price of 1.5130. Using the market profile, I found today’s point of control at 1.5115 on the 30M time frame. The price is trading above the 21SMA and there is a successful test of supply, which is a sig…

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Technical analysis of NZD/USD for December 23, 2016

Overview:
The NZD/USD pair fell from the level of 0.6966 toward 0.6882. Right now, the price is seen at 0.6904. The resistance is seen at the level of 0.6966. Moreover, the price area of 0.6966 remains a significant resistance zone. Therefore, there i…

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Technical analysis of USD/CHF for December 23, 2016

Overview:
The USD/CHF pair continued to move upwards from the level of 1.0220. The pair has risen from the level of 1.0219 to the top around 1.0270. The USD/CHF pair did not make any significant movements yesterday. There are no changes in our technic…

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Technical analysis of USD/JPY for December 23, 2016

A triangle pattern is what we focus on in the short term in order to get a pullback towards an important trend support at 115-116. The short-term trend remains neutral as the price is moving sideways.Red line – resistanceBlue line – supportThe price is…