Technical Analysis Currencies & Commodities

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Old Jan 13, 2018, 4:51pm   #1
Joined Apr 2017
Technical Analysis Currencies & Commodities

GBPCAD: Short Trend Line has been broken. Target is 1.73000
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Old Jan 14, 2018, 5:20pm   #2
Joined Apr 2017
USDJPY: Anka is testing the critical support before 10

fxters started this thread The trend is strongly bearish on all chart timeframes.
Anka is testing the Fibonacci 50% of the AB movement. And this level is an important support.

Daily closing below 110.800 will carry the price towards 110.000 and 108.600.

We will be focusing on 110.800 support.
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Old Jan 16, 2018, 7:23am   #3
Joined Apr 2017
EURUSD Consolidating

fxters started this thread Fundamentals and Economic Calendar:

ECB’s officers have started to talk about EUR’s strength, with Governing Council member Ardo Hansson saying that the central bank could end QE “in one step” without any problem, adding, however, that many eurozone countries are not prepared for an interest rate reversal. This Tuesday, German’s inflation figures will take centre stage, while the US will only offer the NY Empire State manufacturing index.

EURUSD Forecast and Technicals:

EURUSD has been consolidating in Asia session between 1.22900 and 1.22500 ahead of Germany data.

EURUSD is being priced at 1.22680 currently. On the H4 chart; the price is above all main Moving Averages. RSI value is 80.

Short term; price will continue its bullish movement as long as it holds above 1.22100. If it breaks below 1.22100, we may see a corrective move towards 1.21500 and 1.20800.

1.23200 and 1.23600 are the next targets of the EURUSD.

Pullbacks are buying opportunities. Possible pullback levels. 1.22300 and 1.22100.
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Old Jan 16, 2018, 7:27am   #4
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GBPUSD GBP Index indicates bullish bias

fxters started this thread Our mid-term target was 1.38000 and we have reached our target faster than expected.

Soft Brexit: Traders reacted positively to the statement by the finance ministers of Spain and the Netherlands that they support the “soft” version of Brexit.

Today; inflation data for December will be released in the UK, which may have an effect on the dynamics of the British pound. According to preliminary forecasts, the growth of consumer prices may slow down.

We see a bullish bias on GBP Index. And DXY continues to fall.

GBPUSD Forecast And Technicals:

Cable is being priced at 1.37830 currently.

On the H4 chart, we can see the consolidation. If the price cannot remain above 1.38000 we can see a pullback towards 1.37320.

RSI value is 76 and it is not in the overbought area.1.36800 is the main support. And the cable will continue it’s bullish move as long as it holds above 1.36800 support.

Possible pullback levels to use as buying opportunities are 1.37300 and 1.36800.

The next target of the GBPUSD will be 1.38500 and 1.39100.
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Old Jan 16, 2018, 9:07am   #5
Joined Feb 2002
Quote:
Originally Posted by fxters View Post
The trend is strongly bearish on all chart timeframes.
Anka is testing the Fibonacci 50% of the AB movement. And this level is an important support.

Daily closing below 110.800 will carry the price towards 110.000 and 108.600.

We will be focusing on 110.800 support.

What is "Anka" please?
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Old Jan 17, 2018, 2:45pm   #6
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fxters started this thread
Quote:
Originally Posted by tomorton View Post
what is "anka" please?
usdjpy
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Old Jan 17, 2018, 2:46pm   #7
Joined Apr 2017
CADCHF Channel Breakout

fxters started this thread CADCHF Channel Break out Potential LONG Opportunity 01-17-2018

As described in the chart, CADCHF breaks out the falling channel on H1 chart.

Current Level is: 0.77440

Targets are : 0.77800 and 0.78100

Stop Loss: 0.77000

You can visit our web fxters.com for more details
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Old Jan 21, 2018, 3:21pm   #8
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AUDJPY Potential Short Opportunity

fxters started this thread PAIR: AUDJPY

CHART TIMEFRAME: H4

TREND ON THE CHART TIMEFRAME: NEUTRAL

FACTS AND PATTERNS: SUPPORT ZONE, EMA 50 AND TREND LINE BREAKOUT

CURRENT PRICE: 88.48

POSSIBLE “PREDICTED” PRICE ACTION: The pair formed triple top at 89.08 and pulled back. 89.30 is the support. We have a rising trend line. EMA 50 is located at 88.30. Price may test the EMA 50 and the trend line. Break out of the trend line and EMA ( possible breakout zone is 88.20 ) will carry the price 87.50 and 87.10.

ACCURACY: 92%

AUDJPY TRADE IDEA: (MIDTERM )

TRADE: SHORT

AREA OF ENTRY: 89.20-89.10
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