Analysis by AlexKul

This is a discussion on Analysis by AlexKul within the Technical Analysis forums, part of the Methods category; Hello! I decided to do something useful for other traders, especially for newbies. I'm going to share my technical analysis ...

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Old Apr 7, 2017, 8:18am   #1
Joined Jan 2017
Analysis by AlexKul

Hello!
I decided to do something useful for other traders, especially for newbies.
I'm going to share my technical analysis and forecast on different currency pairs. I don't tell you that my analysis is absolutely right, I just focus on my decisions and write about signals I see on the market.
Hope it will be useful for traders.

If you want to discuss something, feel free to comment here or write a private message to me!

Best regards,
Alex
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Old Apr 7, 2017, 8:22am   #2
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alextrader79 started this thread An important statistical data will be published today. The report on the US labor market is in the focus of attention. The preliminary report from ADP released on Wednesday indicates a positive statistics.

I usually donít trade during such days. Still, Iíve identified the following key levels on EUR/USD
Support - 1.0640, 1.0600
Resistance - 1.0685, 1.0740
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Old Apr 7, 2017, 8:24am   #3
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alextrader79 started this thread USD/JPY
Support - 110.15
Resistance - 111.00, 111.75
Iíll watch how the price will react to these marks. And Iíll get to trading next Monday. I wish you all high profits!
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Old Apr 10, 2017, 10:10am   #4
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alextrader79 started this thread The US Department of Labor published a mixed report on Friday. At the same time, the US dollar has finished the trading session in the positive zone. The dollar index has risen by more than 0.5%.
USD/JPY has kept the key demand zone at 110.15-110.35. It has triggered aggressive purchases. The closest resistance level is 111.50. I plan to open deals in the current trendís direction. Iíll buy this pair, if the price fixes above 111.50. The goal for taking profit is the 112.00 round level.
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Old Apr 10, 2017, 10:13am   #5
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alextrader79 started this thread The drop of EUR/USD quotations exceeded 250 points over the past 2 weeks. I donít exclude a technical correction. Iíve identified the following key levels:
Support Ė 1.0570
Resistance Ė 1.0600
I plan to open transactions from these levels.

Iíll buy it, if the price fixes above 1.0600. Potential movement - to 1.0645.
Iíll sell, if the price fixed below 1.0570. Potential movement - to 1.0525.
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Old Apr 11, 2017, 8:04am   #6
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alextrader79 started this thread The technical pattern on GBP/USD is ambiguous for me now. Iíve identified the key levels:
Support Ė 1.2405
Resistance Ė 1.2425

Iíll open positions after the breakthrough and retest of these levels.
Iíd buy GBP/USD, if the price fixes above 1.2425. Potential movement - to 1.2460.
Iíll sell it, if the price fixes below 1.2405. Potential movement - to 1.2370.

The data on the inflation in Britain will be published today at 8:30. This event can cause a strong movement on the pair.
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Old Apr 11, 2017, 8:06am   #7
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alextrader79 started this thread Aggressive sales were at USD/CAD yesterday. The Canadian dollar has added more than 75 points. The currency found its support at the 1.3315 level. I plan to open deals in the current trendís direction. Iíll sell USD/CAD, if the price fixes below 1.3315. Target movement - to 1.3280.
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Old Apr 12, 2017, 7:54am   #8
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alextrader79 started this thread Geopolitical risks in Syria and North Korea continue to grow. It increases the demand for the safe assets. Iíll sell the USD/JPY pair, if the price fixes below the 109.35 local support. Potential movement - to 109.00-108.75.
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