Category Archives: Forex analysis review

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Technical analysis of GBP/JPY for January 06, 2017

GBP/JPY is expected to trade with a bearish bias as key resistance is set at 144.10. The pair is holding below its key resistance, and remains capped by the 50-period moving average. Meanwhile the relative strength index is around 50 and lacks upward m…

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EUR/JPY remain bullish above major support

Price is above major support at 122.15 (Fibonacci retracement, horizontal overlap support, bullish divergence) and we expect a rise above this level to at least 122.83 resistance (Fibonacci retracement, recent swing high resistance).Stochastic (21,5,3)…

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AUD/JPY remain bullish above major support

We remain bullish above major support at 84.58 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to at least 85.12 resistance (Fibonacci retracement, horizontal overlap resistance, recent swing high).RSI (34) is ri…

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Gold analysis for January 06, 2017

Recently, gold has been trading upwards. As I expected, the price tested the level of $1,184.75 in a high volume. My upward target at the price of $1,184.70 has been met. According to the 30M time frame and using the market profile, I found yesterday’s…

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EUR/NZD analysis for January 06, 2017

Recently, EUR/NZD has been moving upwards. The price tested the level of 1.5126 in a high volume. According to the 30M time frame and using the market profile, I found yesterday’s point of control at the price of 1.5060. I found broken 3-day balance, w…

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Technical analysis of NZD/USD for January 06, 2017

Overview:
The NZD/USD pair has faced strong support at the level of 0.6925. So, the strong support has already been set at the level of 0.6925 and the pair is likely to try to approach it in order to test it again. The level of 0.6989 represents a da…

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Daily analysis of major pairs for January 6, 2017

EUR/USD: This pair has
generated a “buy” signal. Price went upwards significantly on Thursday, owing
to the weakness of USD (which is visible on USD/CHF and USD/JPY). Bulls would
now target the resistance lines at 1.0650, 1.0700, and 1.0750. As it was…

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Technical analysis of USD/CHF for January 06, 2017

Overview:
The USD/CHF pair faced strong support at the level of 1.0040.
Yesterday, the USD/CHF pair continues to move downwards from the level of 1.0249. The pair dropped from the level of 1.0249 (this level of 0.9965 coincides with the double top) to…

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Elliott wave analysis of EUR/NZD for January 6, 2017

Wave summary:We still need a break above minor resistance at 1.5123 and more importantly a break above resistance at 1.5235 to confirm, that the correction in wave ii/ is complete and wave iii/ higher towards 1.5911 has taken over. As long as minor res…

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Elliott wave analysis of EUR/JPY for January 6, 2016

Wave summary:EUR/JPY refuses to correct low and we have to seriously consider the possibility of a wave iv running triangle unfolding instead of the expected expanding flat correction. If a triangle is unfolding, it could be complete with the test of 1…