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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Old Apr 12, 2017, 7:56am   #9
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alextrader79 started this thread EUR/USD currency pair was fixed at the 1.0600 "mirror" support level during Asian trading session. It caused a "bullish" sentiment. I plan to open deals in the current trendís direction. Iíll buy it after the breakdown and retest of the 1.0630 local resistance. The goal for taking profits is 1.0660. The growth of the MACD histogram is a confirmation signal.
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Old Apr 13, 2017, 8:37am   #10
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alextrader79 started this thread Yesterday's comments by D. Trump put pressure on the American currency. The US president said that the dollar is too strong. Also, Trump preferred to keep the interest rates low.
Bank of Canada has kept the monetary policy at the same level. The head of the Central Bank said that the rates wonít decline in the near future. Bearish sentiments prevail on USD/CAD at the moment. I plan to open deals in the current trendís direction. Iíll sell, if the price fixes below the 1.3230 local support level. Potential movement - to 1.3200-1.3175.
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Old Apr 13, 2017, 8:42am   #11
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alextrader79 started this thread Aggressive purchases took place on GBP/USD since the beginning of this week. I donít rule out a correction at the moment. I plan to wait for the price reduction to the 1.2495-1.2510 demand zone. Upon reaching this mark, Iíll think of buying the pair.
At the same time, if the pound rally continues and the price fixes above the 1.2570 local resistance, I will also buy GBP/USD. The goal for taking profit is 1.2610.
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Old Apr 14, 2017, 8:00am   #12
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alextrader79 started this thread Today, most financial markets are closed due to Good Friday. I expect lower volatility and trading activity. Thatís why I wonít open positions. At the same time, the data on the US inflation will be released at 12:30 (GMT). This event can cause quite strong moves on the major currency pairs. Iíve identified the following key levels on EUR/USD.

Support levels: 1.0570
Resistance levels: 1.0630, 1.0675, 1.076
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Old Apr 14, 2017, 8:02am   #13
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alextrader79 started this thread USD/JPY, the key levels:
Support levels: 108.75
Resistance levels: 109.35, 109.85, 110.40

Iím going to watch how the price will react to them, but will be back to trading on Monday.
Wish you all high profits!
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Old Apr 18, 2017, 7:55am   #14
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alextrader79 started this thread The situation on USD/JPY is ambiguous for me now. On the one hand, the technical pattern indicates a correction. There is also a strong reversal formation on this currency pair: the divergence of the price and the MACD histogram. On the other hand, a tense situation in North Korea supports the demand for safe assets. Iíll open deals after the breakthrough and retest of the key levels.

Iíll buy it, if the price fixes above the 109.35 level. Potential movement - to 109.85.
Iíll sell it, If the price fixes below the 108.75 level. The goal for taking profit is 108.15.
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Old Apr 18, 2017, 7:57am   #15
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alextrader79 started this thread I expect to see "bullish" sentiments on EUR/USD today. The key trading range is 1.0635-1.0650. Iíll buy the pair, if the price fixes above 1.0650. The target mark is 1.0675-1.0700. This deal will be short-term and speculative.
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