Analysis by AlexKul

This is a discussion on Analysis by AlexKul within the Technical Analysis forums, part of the Methods category; USD/CHF is trading in flat during the last trading session after a significant increase since the beginning of the current ...

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Old May 12, 2017, 9:19am   #46
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alextrader79 started this thread USD/CHF is trading in flat during the last trading session after a significant increase since the beginning of the current week (it has grown by more than 200 points). The technical pattern is ambiguous. Iíve identified the following key levels:
Support Ė 1.0055
Resistance- 1.0090

I plan to open deals, if the price fixes above/below these levels.
Iíll buy USD/CHF, if the price fixes above 1.0090. Potential movement - to 1.0125.
If the price overcomes the 1.0055 local support level, a correction may develop. Potential movement - to 1.0010-1.0000.

By the way, the data on the inflation and retail sales in the United States will be published today.
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Old May 17, 2017, 8:48am   #47
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alextrader79 started this thread The American currency is under pressure. The latest statistics from the US was very weak. I expect correction of USD/JPY. I plan to sell it, if the price fixes below the 112.20 local support. Target movement - to 111.50. Iíll use a trailing stop for this position. The transaction can last for several days.
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Old May 17, 2017, 8:51am   #48
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alextrader79 started this thread The report on the labor market in Britain will be released today at 9:30. I expect positive statistics, since the latest data on the activity indices was quite optimistic. Iíll buy GBP/USD, if the price fixes above the 1.2940 local resistance. The goal for taking profit is 1.2980.
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Old May 18, 2017, 9:08am   #49
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alextrader79 started this thread There is an increase in the demand for the Australian dollar at the moment. This happens due to the publication of a positive report on the labor market in Australia. Iím going to open long positions today. Iíll buy AUD/USD, if the price fixes above the 0.7465 local resistance. The immediate goal for taking profit is 0.7510.
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Old May 18, 2017, 9:11am   #50
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alextrader79 started this thread A bearish sentiment prevails on USD/JPY since the beginning of this week. The demand for the yen is also supported by the positive data on Japan's GDP. At the same time, the current technical pattern is ambiguous. I donít exclude a technical correction after a significant drop of USD/JPY. Iíll open positions from the key levels.

Iíll buy USD/JPY, if the price fixes above the 111.50 local resistance. Potential movement - to the 112.20 level.

Iíll sell, if the price overcomes the 110.70 local support. Potential movement - to 110.25-110.00.
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Old May 19, 2017, 9:18am   #51
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alextrader79 started this thread A correction was observed on EUR/USD yesterday. The technical pattern is ambiguous for me now. We donít expect the publication of important economic reports from the US and the EU today. For myself, I have identified the following key levels:
Support Ė 1.1080.
Resistance Ė 1.1165.
I plan to open deals after the breakthrough and retest of these marks.

The correction on EUR/USD may continue, if the price fixes below the 1.1080 support level. Iíll sell the pair to the 1.1000 round level.

Iíll open long positions, if the price fixes above the 1.1165 resistance level. The immediate goal for taking profit is 1.1200.
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Old May 19, 2017, 9:22am   #52
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alextrader79 started this thread The technical pattern on NZD/USD indicates the current trend continuation. Iíll open short positions, if the price overcomes the 0.6880 local support level and Iíll use a trailing stop for this position. Potential movement Ė to 0.6860-0.6825
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Old May 22, 2017, 1:56pm   #53
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alextrader79 started this thread The American currency is still under pressure due to the political risks in the US. A bullish sentiment prevails on EUR/USD. The euro has overcome the 1.1210 local support level. I plan to open deals in the current trend direction and will buy the pair after retesting of the 1.1210 mirror support level. Potential movement Ė to 1.1250-1.1275. Iíll use a trailing stop for this deal.
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Old May 22, 2017, 1:59pm   #54
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alextrader79 started this thread The Canadian dollar is trading near the 1.3500 round level at the moment. The technical patter indicates the further fall of the USD/CAD quotes. The MACD says about the sellerís strength. Iíll sell the pair, if the price fixes below the 1.3500 level. A goal for its movement is 1.3450.
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Old May 23, 2017, 9:56am   #55
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alextrader79 started this thread GBP/USD has kept the resistance level at 1.3040. The technical pattern indicates a possible correction. The pound is under pressure now because of the terrorist attack in the UK. The currency is trading near the 1.2970 support level. Iíll open short positions. Iíll sell, if the price fixes below 1.2970. Potential movement - to 1.2910. The MACD histogram has moved to the negative zone that also indicates the development of a downward trend.
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Old May 23, 2017, 9:59am   #56
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alextrader79 started this thread Aggressive purchases are observed on NZD/USD. The New Zealand dollar has risen by more than 100 points over the few past trading sessions. The currency has reached the 0.7035 key resistance level. The technical pattern is ambiguous now.

I donít exclude a technical correction in the nearest future. Iíll buy NZD/USD, if the price reaches 50.0-61.8% of the correctional zone.

Iíll open long positions, if the price overcomes and fixes above 0.7035. Its support is provided by the growth of oil quotations. The goal for taking profit is 0.7085.
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Old May 24, 2017, 9:18am   #57
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alextrader79 started this thread The meeting of the Bank of Canada will be held today. The regulator will make a decision about the further monetary policy. The latest statistics from Canada was ambiguous. Experts believe that the Central Bank will keep the interest rate at the previous level (0.50%). Iíve identified the following key levels:
Support - 1.3450, 1.3300
Resistance - 1.3585, 1.3750
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Iíll open positions, if the price fixes above/below these levels.
Iíll buy USD/CAD, if the quotes fix above the 1.3585 mark. Potential movement Ė to 1.3750.
Iíll sell, if the price overcomes the 1.3450 support level. Potential movement Ė to 1.3300.
This idea has a medium-term character.
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Old May 24, 2017, 9:19am   #58
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alextrader79 started this thread AUD/USD held the 0.7500-0.7510 key resistance yesterday. It has triggered aggressive sales. I plan to open deals in the current trend direction. Iíll sell AUD/USD, if the price fixes below the 0.7445 local support. The goal for taking profit is 0.7410.
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Old May 26, 2017, 9:43am   #59
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alextrader79 started this thread The current technical pattern on GBP/USD indicates the corrective movement development. The strongest reversal formation of technical analysis, the MACD divergence, has formed at the H4 chart. Iíll sell, if the price fixes below the 1.2850 support level. Potential movement - to the 1.2700 round level. Confirmations and entry points into the market can be found at smaller timeframes. This deal will be medium-term.
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Old May 26, 2017, 9:45am   #60
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alextrader79 started this thread The technical pattern on NZD/USD is ambiguous at the moment. Iíve identified the following key levels:
Support - 0.7000, 0.6950
Resistance Ė 0.7050
Iíll open positions after the price fixes above/below these levels.

Iíll open longs, if NZD/USD fixes above 0.7050. Target movement - to the 0.7100 round level.
If the price fixes below the 0.7000 support level, Iíll sell. Potential movement - to 0.6950.
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