Daily Forex analysis by Real Trade

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Real Trade

We'll be glad to provide You our short, simple analytics reviews about some major currency pairs.
 
Forex forecast for 2 February

USD/JPY
Japanese Yen is trading higher, after FOMC disappointed investors. Currently, we can expect that pair has reached the bottom. Technical level 112.6 already gave reaction. From this support may expect future gains in the pair, but better to wait the end of the day. Fake breakdown is possible.
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GBP/USD
As we expected, near key level 1.24 pair made reversal and gained more than 200 points. It seems pair going to test its resistance 1.2730. This is good levels to sell the pair. Sell orders have to be made between 1.2730 and 1.2760.
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Forex analysis for 3 February

NFP is the main marketmoving news. Investors are bankling on a good report, due to good ADP data in Wednesday. Next NFP reports will be very important as the FOMC watch labor market in their decision to hike the rates.

USD/JPY
The pair is trading above 112.6 If trand line breaks, we could wait movement till 115.3. Buy orders to be done after good NFP data.
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XAU/USD
Gold tried to break resistance 1217, but failed and returned bellow this level. Many different pair made reversal model "tripple bottom". If NFP is going to be good we should sell gold with target 1200.
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EUR/GBP
This pair won't be affected by NFP. Technically pair is traded in simetric triangle, which gives us hope, that uptrand will continie. Main support levels is 0.8580 and 0.85. From these levels is good to buy pair untill downtrend line 0.87.
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Analysis is providded by Real Trade Group.
 
Forex forecast for 6 February

GBP/USD
In the end of previous week Bank of England disappointed investors. GBP meet reversal at 1.27. The most significant support is 1.24. This level is the best to buy pair. If it holds, next uptrend is possible.
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USD/CAD
On H1 pair meet trendline. If buyers will succeed to break it, then next point is 1.316, while Stop Loss is better to move under 1.298 – USD/CAD bottom for now.
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EUR/GBP
Triangle pattern is seen on D1. Triangle is shape of continuation and we are expecting EUR/GBP will move higher and hit trandline at 0.868. If pair break it, more buyers should come into deals.
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Analysis is providded by Real Trade Group.
 
Forex analysis for 6 February

EUR/GBP
Pair is trading in symmetric triangle, near level 0.86. Triangle is shape of trend continuation, in long term we would advice You to buy pair. However, the move to 0.85 is possible. Support level 0.85 is the best time to buy pair.
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USD/JPY
Today dollar finally started to grow up. USD broke trend line on H1. If You want to buy dollar, better to wait untill 112.6. If it holds, further fall is possible, if not - uptrend should to be continued untill 113.9.
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Analysis is providded by Real Trade Group.
 
Forex forecast for 8 February

EUR/GBP
Pair moved to triangle support trendline and traded near strong level 0.85. This level is good for long term buy. From this level pair expected to go up to 0.86 and higher.
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USD/JPY
Dollar moved up, broke trendline on H1 and level 112,1. Near key support levels 112-112.2 pair to be bought and hold till 112.,7-113. Stop Loss need to move under 111.6.
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USD/CAD
Canadian dollar made pullback from its highs and now facing downtrend line. To buy pair need to wait next move above the trendline and correction to 1.3160. Next resistance level is 1.3340.
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Analysis is providded by Real Trade Group.
 
Forex forecast for 9 February

GBP/USD
Pound traded higher after significant fall and made bullish absorption. Now everything is signaling to about trend continuation. We would not advice You from current prices. Better to wait till 1.27, and sell pair from there.
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USD/CAD
Pair didn’t break up downtrend line and is trading below level 1.3160. The main scenario now is fall to support lines 1.3020 or 1.2985, where buy contracts to be made.
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Analysis is providded by Real Trade Group.
 
Forex analysis for 10 February

USD/CHF
Pair is trading near edge of uptrand canal. In spite of strong bullish trand, we do not advice to buy pair now. The best decision for now is to wait lower edge of canal near level 1.00.
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USD/NZD
New Zelland Dollar hited and broked uptrand line, because RBNZ thinks that NZD is too strong. Pair will continue to fall, and the first strong support is 0.71. From this level is better to trade pair up.
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Analysis is providded by Real Trade Group.
 
Forex forecast for 13 February

GBP/CHF
Pair is trading near resistance 1.2560. This level is not the stronges one, as it was hit several times. We advice You to wait till 1.2640, where sell orders to be made.
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USD/CAD
Canadian dollar is moving to support levels 1.3060 and 1.30. Level 1.30 also is very strong psychological level, which, as we expect will reverse downtrend. Buy orders are actual between 1.3060 and 1.30.
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Analysis is provided by Real Trade Group.
 
Forex forecast for 14 February

XAU/USD
Because of the strong dollar gold prices are falling. Trump promised to announce his decision on taxes next week, so we are expecting for deeper correction. However, trend line may stop factor for the pair. The best way to trade now is wait, till pair touch its trendline bellow level 1218. And buy pair in case of false breakout.
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GBP/USD
Pair is traded in flat with range 250 points. Key levels are 1.24 and 1.2640. The best solution now is trade into flat. We advise You to sell pair if it go higher than 1.2640.
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Analysis is provided by Real Trade Group.
 
Forex forecast for 15 February

USD/JPY
Pair breakout the resistance 113,8. Fundamentaly pair need to buy, as trump will announc his stimulus plans and Janet Yellen is going to support dollar. For buyin better to wait correction to 113,8.
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USD/CAD
Situatuiation with Canadian dollar is quite similiar to Yen. Breakout of the level 1,3060 opened petential to future gains. But for buyng Вetter to wait correction back to 1,3060.
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Analysis is provided by Real Trade Group.
 
Forex forecast for 16 February

USD/JPY
Yesterday pair failed, because of disappointed in dollar. As we may see, pair stopped near good support 113.7, where buy orders is actual.
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USD/CAD
Now is good time to start to buy dollar vs major. Buying dollar against CAD is the best between1 1.3 and 1.3060. Stop Loss have to be moved bellow pair bottom 1.2975.
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Analysis is provided by Real Trade Group.
 
Forex analysis for 17 February

USD/JPY

Pair didn't hold level 113.9 and moved down. Strong Yen raising will continue till 112.5, where buy orders will be actual, but better to wait for reversal model or pattern which will give signal to buy.

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AUD/USD

Australian dollar looks very strong, despite decline in chinese and New Zeland datas. Rising up more than 500 points without any correction make future corrections more possible. Pair is traded near strong resistance 0.77, which have never broked within last year. We should expect strong correction and sell pair, but better to do it after pair move under trandline.
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Analysis is provided by Real Trade Group.
 
Forex forecast for 20 February

USD/CAD
Finally pair broke trend line and and moved out of the figure. Pair is traded higher than 1.3060 and the best decision is to buy from this level.
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USD/JPY
Friday pair traded in the downtrend, but didn’t move under broken trend line. Trend line support pair. Better to buy after price will break level 113.7.
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Analysis is provided by Real Trade Group.
 
Forex Forecast for 21 February

XAU/USD
Pair is trading near uptrend line and if it breaks, we may see deeper correction to 1217 and 1209. Sell orders to be made after break of trandline.
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EUR/GBP
Pair broke symetric triangle. Attempt to move back in the triangle failed. Now we can predict futher losses to 0,8460. Near this level buy orders with short Stop Loss can be made, but the main strategy is selling.
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Analysis is provided by Real Trade Group.
 
Forex forecast for 22 February

GBP/USD
Pair made figure “descending triangle”. Need to sell pair from downtrend line and wait breaking support line -1.24.
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USD/JPY
Pair didn’t break the resistance line 113.7. For buying need to wait level 112.2 and there to trade with aim 113.7.
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Analysis is provided by Real Trade Group.
 
Forex Forecast for 23 February

GBP/USD
Pound was traded in descending triangle this week. As we expect, current break of the downtrend line is fake. Strong psychological level 1.25 is good resistance to sell the pair.
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NZD/USD
This week New Zeland
dollar traded in narrow flat. If pair can break resistance line today, and stay above 0.7235, we may see deeper correction. We advise You to buy the pair after breaking level 0.7235.
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Analysis is provided by Real Trade Group.
 
Forex forecast for 24 February

GBP/USD
"Symetric triangle was broke up. Pair traded in uptrend. However fundamental datas shows the weakness of britain aconomy. If Pair wont hold 1.2550 i'd be great moment to sell"
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XAU/USD
Gold is in uptrend, because of the weak dollar. It made figure "ascending wedge", which show us, that reversal is might be soon. If gold will break lower trandline, it'll be signal to sell until next level 1216.
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Analysis is provided by Real Trade Group.
 
GBP/USD
As we predicted pair returned in descending triangle range, and we should to seek continuation of downtrend. Line 1.24 is the only support now. Support breaking will mean bears have taken the market. Conservative traders should seek correction to 1.2450 and sell there, but aggressive – sell after support line breaking.

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USD/JPY
Pair is trading near support level and downtrend line. That gives significant support for the pair. We advise to buy from current price and hold position until 112.8 or 113.7.
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Analysis is provided by Real Trade Group.
 
Forex Forecast for 28 February

GBP/USD
Despite pound breaking of triangle pair can't move under 1.24. It may be consolidation before Trump's speech, which could drive price more significantly. We are up to sell, but the future moves depend on the Trump.
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AUD/USD
Finally! Aud broked trendline. From this moment sell is the main vector of trading. Faling of pair may continue untill 0.76 or even 0.75. But for Today Trump is they key. Because of his comments much can be changed. So we should watching him, and only after that make any decision.
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Analysis is provided by Real Trade Group.
 
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