Analysis by AlexKul

This is a discussion on Analysis by AlexKul within the Technical Analysis forums, part of the Methods category; The pound rose against the US currency yesterday. The quotes growth exceeded 300 points. The currency has reached the 1.2900 ...

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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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Old Apr 19, 2017, 8:23am   #17
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alextrader79 started this thread An interesting technical pattern has formed on NZD/USD. Bearish sentiments prevail here at the moment. The Outside Bar pattern at the H1 timeframe is a confirmation signal of the development of a downward trend. Iíll sell the pair after the retest of the 0.7030 "mirror" resistance. Potential movement - to the 0.7000 round level.
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Old Apr 20, 2017, 8:45am   #18
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alextrader79 started this thread The GBP/USD pair maintained the 1.2770 local support level during the Asian trading session. It has triggered bullish sentiments. The pound is testing the 1.2820 local resistance now. Iíll buy the pair after the breakthrough and retest of this mark. Potential movement - to 1.2860-1.2900. This deal will be short-term and speculative.
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Old Apr 20, 2017, 8:47am   #19
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alextrader79 started this thread Aggressive purchases were observed on USD/CAD during this week. The Canadian dollar has weakened against the US dollar by more than 175 points. The currency has reached the 1.3490-1.3525 key offer zone. I donít exclude a correction on this pair after such a sharp increase in the nearest future. Iíll sell, if the price fixes below the 1.3460 local support. The goal is the 1.3400 round level.
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Old Apr 21, 2017, 7:49am   #20
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alextrader79 started this thread The Canadian dollar hasnít got through the 1.3460 local support. The currency was traded in flat. It is testing the 1.3460 mark at the moment. Iím still waiting for a correction. Iíll sell the pair, if the price fixes below this level. Potential movement Ė to 1.3400.
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Old Apr 21, 2017, 7:51am   #21
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alextrader79 started this thread The pound is flat during the latest sessions. The key range is 1.2770-1.2860. Iíll wait till the price leaves this zone.
Iíll sell GBP/USD, if the price fixes below 1.2770. It can move to the 1.2700 round level.
If it fixes above 1.2860, Iíll buy the pair. The nearest goal for taking profit is 1.2900.
Todayís data about retail sales in the UK can be a good cause for the market volatility.
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Old Apr 24, 2017, 8:22am   #22
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alextrader79 started this thread An interesting technical pattern has appeared on AUD/USD. Todayís trading was opened with gap up. The pair has closed the morning gap and kept the 0.7545 ďmirrorĒ support. The MACD histogram is in the positive zone and is continuing to rise. The ďTriangleĒ figure has formed on the market. I plan to buy it, if the price fixes above 0.7565. The goal for taking profit is 0.7590.
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Old Apr 24, 2017, 8:29am   #23
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alextrader79 started this thread USD/JPY has opened with gap up (more than 140 points) today. The technical pattern is ambiguous for me at the moment. Iíve identified the following levels:
Support Ė 109.85
Resistance Ė 110.45
I plan to open positions after the price fixes above/below these levels.

In case of the breakthrough of the 110.45 level, Iíll buy USD/JPY. Potential movement - to 110.75-111.00.
Iíll sell it, if the price falls below the 109.85 local support. Potential movement - to 109.35.
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Old Apr 25, 2017, 8:11am   #24
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alextrader79 started this thread The GBP/USD currency pair continues being flat. The key trading range is still 1.2770-1.2860. I plan to open deals if the price fixes above/below the boundaries of the trade corridor.
Iíll sell, if the price fixes below 1.2770. Potential movement - to the 1.2700 round level.
Iíll buy, if the price fixes above 1.2860. The goal for taking profit is 1.2900.

It seems to me that the currency can be flat until Friday, April 28. The quarterly data on GDP in Britain will be published on Friday.
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Old Apr 25, 2017, 8:13am   #25
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alextrader79 started this thread An interesting technical pattern has appeared on the NZD/USD pair. The New Zealand dollar is testing the 0.6985 key support level. The MACD histogram has fixed in the negative zone, below the signal line. It indicates the sellersí strength. I will sell NZD/USD after the breakthrough and retest of the 0.6985 mark. Potential movement - to 0.6940. This transaction can last for several days.
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Old Apr 26, 2017, 8:28am   #26
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alextrader79 started this thread There are no important economic reports from the EU today. The speech of D. Trump will be in focus. Heíll tell the details of his tax reform.

The technical pattern on EUR/USD is ambiguous for me at the moment. A fairly strong reversal formation has appeared on the market (the divergence of the price and the MACD indicator). Iíll sell the pair, if the price fixes below the 1.0920 local support. Potential movement - to 1.0875-1.0840.

At the same time, I donít exclude the further growth of EUR/USD. If the price fixes above 1.0950, I Iíll buy the pair. Potential movement - to the 1.1000 round level.
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Old Apr 26, 2017, 8:31am   #27
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alextrader79 started this thread My yesterday's expectations for NZD/USD have confirmed. The currency is trading near the strongest support at 0.6890 now. The MACD histogram indicates the sellersí strength. Iím going to open deals in the current trendís direction. Iíll sell it, if the price fixes below 06890. Affirmations and entry points will be found at small timeframes. A potential entry point may appear within a few days.
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Old Apr 27, 2017, 8:24am   #28
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alextrader79 started this thread There is an increase in demand for the Canadian dollar at the moment. This happens due to the fact that the US doesnít intend to leave the North American Free Trade Zone. A classic Price Action pattern, the ďOutside BarĒ, has formed at the H4 timeframe. I expect a correction for USD/CAD. Iíll sell, if the price fixes below 1.3525. Potential movement Ė to 1.3450. Confirmations and entry points to the market can be searched on younger timeframes.
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Old Apr 27, 2017, 8:30am   #29
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alextrader79 started this thread EUR/USD. The ECB meeting will take place today. Prior to the press conference, there will probably be no strong trend movements. I plan to wait for the Central Bankís decision. Iíve identified the following key levels:
Support - 1.0840, 1.0775
Resistance Ė 1.0950
I will look at how the price reacts to them.
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Old Apr 28, 2017, 8:27am   #30
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alextrader79 started this thread There were aggressive sales on NZD/USD during the last week. The technical pattern is ambiguous for me at the moment. I have identified the key trading range: 0.6850-0.6890.

A strong reversal formation has formed on the market. The divergence of the price and the MACD histogram. I donít exclude a corrective movement. Iíll buy, if the price fixes above the 0.6890 mark. The immediate goal for fixing profits is 0.6920.

I also donít rule out a further drop of NZD/USD. The data on the US GDP will be published today. It can pressure the dynamics of this pair. Iíll sell NZD/USD, if the price fixe below 0.6850. Potential movement - to the 0.6800 round level.
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