Analysis by AlexKul

This is a discussion on Analysis by AlexKul within the Technical Analysis forums, part of the Methods category; EUR/USD currency pair was fixed at the 1.0600 "mirror" support level during Asian trading session. It caused a "bullish" sentiment. ...

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Old Apr 12, 2017, 7:56am   #9
Joined Jan 2017
alextrader79 started this thread EUR/USD currency pair was fixed at the 1.0600 "mirror" support level during Asian trading session. It caused a "bullish" sentiment. I plan to open deals in the current trendís direction. Iíll buy it after the breakdown and retest of the 1.0630 local resistance. The goal for taking profits is 1.0660. The growth of the MACD histogram is a confirmation signal.
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Old Apr 13, 2017, 8:37am   #10
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alextrader79 started this thread Yesterday's comments by D. Trump put pressure on the American currency. The US president said that the dollar is too strong. Also, Trump preferred to keep the interest rates low.
Bank of Canada has kept the monetary policy at the same level. The head of the Central Bank said that the rates wonít decline in the near future. Bearish sentiments prevail on USD/CAD at the moment. I plan to open deals in the current trendís direction. Iíll sell, if the price fixes below the 1.3230 local support level. Potential movement - to 1.3200-1.3175.
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Old Apr 13, 2017, 8:42am   #11
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alextrader79 started this thread Aggressive purchases took place on GBP/USD since the beginning of this week. I donít rule out a correction at the moment. I plan to wait for the price reduction to the 1.2495-1.2510 demand zone. Upon reaching this mark, Iíll think of buying the pair.
At the same time, if the pound rally continues and the price fixes above the 1.2570 local resistance, I will also buy GBP/USD. The goal for taking profit is 1.2610.
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Old Apr 14, 2017, 8:00am   #12
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alextrader79 started this thread Today, most financial markets are closed due to Good Friday. I expect lower volatility and trading activity. Thatís why I wonít open positions. At the same time, the data on the US inflation will be released at 12:30 (GMT). This event can cause quite strong moves on the major currency pairs. Iíve identified the following key levels on EUR/USD.

Support levels: 1.0570
Resistance levels: 1.0630, 1.0675, 1.076
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Old Apr 14, 2017, 8:02am   #13
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alextrader79 started this thread USD/JPY, the key levels:
Support levels: 108.75
Resistance levels: 109.35, 109.85, 110.40

Iím going to watch how the price will react to them, but will be back to trading on Monday.
Wish you all high profits!
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Old Apr 18, 2017, 7:55am   #14
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alextrader79 started this thread The situation on USD/JPY is ambiguous for me now. On the one hand, the technical pattern indicates a correction. There is also a strong reversal formation on this currency pair: the divergence of the price and the MACD histogram. On the other hand, a tense situation in North Korea supports the demand for safe assets. Iíll open deals after the breakthrough and retest of the key levels.

Iíll buy it, if the price fixes above the 109.35 level. Potential movement - to 109.85.
Iíll sell it, If the price fixes below the 108.75 level. The goal for taking profit is 108.15.
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Old Apr 18, 2017, 7:57am   #15
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alextrader79 started this thread I expect to see "bullish" sentiments on EUR/USD today. The key trading range is 1.0635-1.0650. Iíll buy the pair, if the price fixes above 1.0650. The target mark is 1.0675-1.0700. This deal will be short-term and speculative.
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Old Apr 19, 2017, 8:22am   #16
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alextrader79 started this thread The pound rose against the US currency yesterday. The quotes growth exceeded 300 points. The currency has reached the 1.2900 round level. It happened due to the preterm elections in the UK. Theresa Mayís party has taken the leading positions. Winning will help to make their position in the negotiations with the EU stronger.

I expect for a correction on GBP/USD after yesterdayís significant growth. Iíll sell, if the price fixes below 1.2810. The nearest goal for taking profit is 1.2750.

At the same time, I donít exclude the possible further growth of the GBP/USD quotes. The US dollar is under pressure due to the fall of government bonds. Iíll buy, if the price fixes above 1.2860. the nearest goal is 1.2900.
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