Analysis by AlexKul

This is a discussion on Analysis by AlexKul within the Technical Analysis forums, part of the Methods category; Trading activity and volatility wonít be very high today. This is due to holidays in the US and UK. Iíll ...

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Old May 29, 2017, 10:33am   #61
Joined Jan 2017
alextrader79 started this thread Trading activity and volatility wonít be very high today. This is due to holidays in the US and UK. Iíll open short-term speculative positions. Iíve identified the following key levels for EUR/USD:
Support Ė 1.1160
Resistance - 1.1185, 1.1210
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Old May 29, 2017, 10:34am   #62
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alextrader79 started this thread USD/JPY
Support ó 111.15, 110.90
Resistance ó 111.40, 111.65
Potential movement ó to the nearest s&r levels. Iíll use a trailing stop for these positions.
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Old May 30, 2017, 9:58am   #63
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alextrader79 started this thread Bears are dominating on EUR/USD now. The euro has lost more than 50 points during the Asian trading session. Iíll open deals in the current trend direction. I plan to wait for a correction to 1.1160-1.1175. Iím going to open short positions, if the price reaches this zone. Potential movement - to 1.1110-1.1080.
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Old May 30, 2017, 10:01am   #64
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alextrader79 started this thread My favorite reversal formation is the divergence of the price and the MACD histogram as I'm pretty good at working with it. Such a situation has formed on NZD/USD (timeframe N1). I plan to open short positions here. Iíll sell after the price fixes below the 0.7040 support level. The goal for fixing profits is the 0.7000 round level. Signals for opening a position may appear during several days.
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Old May 31, 2017, 10:31am   #65
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alextrader79 started this thread I can identify the following key levels on USD/JPY:
Support ó 110.70
Resistance ó 111.15.

It seems to me that the demand for safe assets can grow in the nearest future. It is rather difficult to predict what the report on the US labor market will be like on June 2, since the latest statistics from the United States was ambiguous. Also, the political risks in Britain are growing.

Iíll sell USD/JPY if the price fixes below 110.70. Potential movement - to 110.30. Iíll use a trailing stop for this position.
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Old May 31, 2017, 10:32am   #66
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alextrader79 started this thread The bearish sentiment prevails on GBP/USD. I plan to open deals in the current trend direction. Iíll think of selling it after the price fixes below 1.2770 (a local extremum). The target level of movement is the 1.2700 round level. Iíll also use a trailing stop here.
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Old Jun 1, 2017, 1:44pm   #67
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alextrader79 started this thread The technical pattern indicates a possible correction on EUR/USD now. The price has held the 1.1250 resistance level. I plan opening short positions. Iíll sell it, if the price fixes below 1.1220. The goal for taking profit is 1.1190.
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Old Jun 1, 2017, 1:51pm   #68
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alextrader79 started this thread The divergence on NZD/USD has continued. There may be a correction in the near future. I plan to sell, if the price fixes below the 0.7070 support level. Confirmations and entry points to the market should be found on junior timeframes. Potential movement - to the 0.7000 round level. Iíll use a trailing stop for tracking the position. This transaction will be medium-term.
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Old Jun 2, 2017, 9:56am   #69
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alextrader79 started this thread The statistics on the US labor market is in focus today. The most of experts expect the worsening of indicators. Iím not going to trade today but will watch the market carefully.

Yesterday's preliminary report from ADP and business activity in the US manufacturing sector turned out to be positive. It seems to me that todayís statistics will be quite strong and may exceed all market expectations. It may strengthen the dollar's position in the nearest future. Nevertheless, Iíll be back to trading only the next week.

Iíve defined the following key levels for EUR/USD:
Support ó 1.1170, 1.1080
Resistance ó 1.1250
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Old Jun 2, 2017, 9:58am   #70
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alextrader79 started this thread USD/JPY
Support ó 111.15, 110.50
Resistance ó 111.70, 112.20
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Old Jun 6, 2017, 9:46am   #71
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alextrader79 started this thread An interesting technical pattern has formed on GBP/USD. An "Ascending Triangle", a classical figure of technical analysis, has appeared. The price has overcame and fixed above the upper border of the figure. I plan to buy the pair, if the price fixes above 1.2940. Potential movement - to 1.2990-1.3035. This transaction will be medium-term.
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Old Jun 6, 2017, 9:48am   #72
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alextrader79 started this thread Iíve identified the following key levels on EUR/USD:
Support Ė 1.1240
Resistance Ė 1.1280
Iíll open positions from them.

Iíll buy, if the price fixes above the level of 1.1280. Potential movement - to 1.1325-1.1350.
Iíll sell, if the price fixes below the 1.1240 support level. The goal for taking profit is 1.1200.
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Old Jun 7, 2017, 10:06am   #73
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alextrader79 started this thread There will be parliamentary elections in the UK tomorrow. GBP/USD will likely be in flat all the time before the results announcements. Iíve identified the following trading range: 1.2800-1.2925 and plan to wait until the elections are over. Iíll open positions from the key levels. There may be strong trend movements in the nearest future. So Iíll try to reduce the risk for that deal.
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Old Jun 7, 2017, 10:17am   #74
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alextrader79 started this thread Aggressive sales are observed on USD/JPY. Iíll open deals in the current trend direction. Iíll sell the pair, if the price fixes below the 109.200 local support. Potential movement - to 109.00-108.75. Iíll use a trailing stop for tracking the position. At the moment, the demand for safe assets is at a high level.
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Old Jun 8, 2017, 10:52am   #75
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alextrader79 started this thread I expect the growth of volativity and trading activity on EUR/USD today. The ECB will make a decision on interest rates at 11:45. At 12:30, a press conference will be held. The economic forecasts will be published.
Iíll reduce risks when opening a position. I plan to trade short-term.
The following key levels for EUR/USD:
support: 1.1240, 1.1200, 1.1165
resistance: 1.1280
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