Analysis by AlexKul

This is a discussion on Analysis by AlexKul within the Technical Analysis forums, part of the Methods category; USD/CAD failed to overcome the 1.3525 support level yesterday. It has triggered aggressive purchases in the second half of the ...

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Old Apr 28, 2017, 8:29am   #31
Joined Jan 2017
alextrader79 started this thread USD/CAD failed to overcome the 1.3525 support level yesterday. It has triggered aggressive purchases in the second half of the day. 1.3665 acts as a local resistance. Iíll look for the entry points into long positions, if the price fixes above this mark. Potential movement - to 1.3700.
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Old May 3, 2017, 8:14am   #32
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alextrader79 started this thread The Canadian dollar continues to lose ground against the US dollar. A negative dynamics on the "black gold" market pressures it. I plan opening deals in the current trend direction. Iíll buy USD/CAD, if the price fixes above 1.3745. Potential movement - to the 1.3800 round level.
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Old May 3, 2017, 8:17am   #33
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alextrader79 started this thread A positive statistics on the New Zealand labor market was published today. It caused aggressive purchases during the Asian session. The currency is testing the 0.6930 mirror level at the moment. Iíll buy NZD/USD, if the price fixes above 0.6950. The goal for taking profit is 0.6975-0.7000.
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Old May 4, 2017, 8:04am   #34
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alextrader79 started this thread The Fed expectedly kept the interest rate at the same level yesterday. The latest statistics from the US was rather weak. Nevertheless, the regulator said that the economy is stable. The probability of increasing the rate in June has significantly risen. The FedWatch Tool is at the 73.8% level at the moment.

The technical pattern on GBP/USD indicates the development of a corrective movement. The price has overcome the 1.2860 local support. Iíll sell the pair after the retest of this mark. The target level is 1.2800. The decrease of the MACD histogram is a confirmation signal for me.
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Old May 5, 2017, 7:48am   #35
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alextrader79 started this thread The report on the US labor market is in the focus today. The majority of experts think that the market will recover. Iíd like to remind that the previous data on the number of employed in the non-agricultural sector of the country was very weak.
I wonít open deals today and these are the key levels for EUR/USD:
support - 1.0935, 1.0885
resistance -1.0985
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Old May 5, 2017, 7:54am   #36
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alextrader79 started this thread USD/JPY
support - 111.75, 111.000
resistance - 112.25, 113.00
I plan to watch how the price reacts to these marks. So, Iíll back to active trading on Monday. Wish you all nice profits!
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Old May 8, 2017, 8:43am   #37
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alextrader79 started this thread The US Department of Labor released a positive report on Friday. At the same time, EUR/USD maintained the 1.0950 "mirror" support level. According to the preliminary data, Macron leads in the second round of the presidential elections in France, and it means a great support for the euro. I plan to look for entry points for opening long positions. I will buy this pair, if the price fixes above the 1.1020 local resistance level. Potential movement - to 1.1050-1.1075.
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Old May 8, 2017, 8:46am   #38
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alextrader79 started this thread The New Zealand dollar has retained the 0.6850 key support level during the last week. It caused a correction. NZD/USD is testing the 0.6930 local resistance now. It seems to me that the correctional movement can continue. The latest report on the labor market of New Zealand was very positive. I plan to buy NZD/USD, if the price fixes above 0.6930. The immediate goal for fixing profits is 0.6965.
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Old May 9, 2017, 7:50am   #39
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alextrader79 started this thread The euro reacted weakly to the Macronís victory. Bearish sentiments dominate on EUR/USD at the moment. The demand for the US dollar is supported by an optimistic report on the labor market in the US. The currency has overcome the 1.0920 local support level. Iíll sell it after the retest of this mark. The goal for fixing profit is 1.0875. Iíll use a trailing stop for this position.
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Old May 9, 2017, 7:52am   #40
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alextrader79 started this thread The New Zealand dollar is under pressure due to the weak data on retail sales in Australia. NZD/USD and AUD/USD pairs are correlated rather closely. Iíll sell the NZD/USD pair, if the price fixes below the 0.6880 support level. A confirmation signal is a decrease of the MACD indicator. Potential movement - to 0.6845.
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Old May 10, 2017, 8:33am   #41
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alextrader79 started this thread My yesterday expectations for the euro were justified. I expect the correction continuation on EUR/USD. A reversal Price Action pattern, Bearish Engulfing, was formed on the daily chart near the 1.1000 round level. This level acts as a rather strong resistance. Iíll sell the pair, if the price fixes below the 1.0875 level. The goal for fixing profits is 1.0835.
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Old May 10, 2017, 8:48am   #42
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alextrader79 started this thread The technical picture on USD/JPY is ambiguous for me now. The demand for the US dollar is supported by a strong report on the US labor market and an increase of the expectations of an interest rate growth in June. At the same time, I donít exclude a technical correction after a significant rally of the US currency.

Iíve identified the following levels. Iíll look for the entry points, if the price is fixed above/below these markers:
Support Ė 113.65
Resistance Ė 114.30

Iíll buy USD/JPY, if the price fixes above the 114.30 level. Potential movement - to 114.75.

Iíll sell, if it overcomes the 113.65 local support. Target movement - to 113.000.
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Old May 11, 2017, 8:28am   #43
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alextrader79 started this thread The news background on the GBP/USD pair is very saturated today. At 11:00 (GMT), there will be a meeting of the Bank of England during which a decision regarding further monetary policy will be made. I plan to wait for the conclusions on the interest rate.

Iíve identified the following key levels. Iíll watch how the price reacts to them:
Support - 1.2910, 1.2865
Resistance - 1.2980, 1.3025
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Old May 11, 2017, 8:31am   #44
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alextrader79 started this thread The New Zealand dollar fell today due to the RBNZ decision. The NZD/USD pair is dominated by bearish sentiments. I plan to open deals in the current trend direction. Iíll sell it after the retest of the local offer zone (0.6880-0.6900). The goal for fixing profits is 0.6825. This transaction can last for a few days.
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Old May 12, 2017, 8:17am   #45
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alextrader79 started this thread Sales dominate on GBP/USD at the moment. I plan to open deals in the current trend direction. Iíll sell, if the price fixes below the 1.2880 local resistance level. The goal for taking profit if 1.2850.
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