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AUDUSD – Trade Update

AUDUSD – Aussie/Dollar On 10 August we mentioned and discuss in detail AudUsd, that was trading on the big channel resistance of 2013.  We shorted the AudUsd on that big resistance line (currently 105 pips in the profit). Below see the 4 hourly chart, note the big Triangle that formed since May 2016 (two red […]

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GBPUSD- Pound/Dollar – Head and shoulder test

The GBPUSD has gone through a big pullback the last 2 days.  GbpUsd formed a head and shoulder pattern, and tested the breakout once and today we might see another test to the neckline.  We will be looking for 1 hourly and 4 hourly buy signals today in that support area.We will update our PRO Members of […]

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EURUSD- Euro/Dollar – ECB press conference

The EURUSD rallied today but prices are still below resistance at 1.1250area. Today will be ECB press conference (news), we don’t trade the news but we will definitely take note of it.  We’ve seen this trap into ECB before.  Basically, EURUSD looks like it is headed higher but then takes out the lows (see December […]

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EURUSD- Euro/Dollar – approaching key support zone

As discussed in our weekly forecast, we are still looking for a major low before we will be buying EurUsd for the next big swing.  EurUsd formed another bearish pin on the daily graph, today we should see the price drifting lower to our support zone.  We will watch for potential buy signal in that […]

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USDCAD- Dollar/Loonie – Near Term Support

Forex Signals USD CAD The rebound from 1.2910 keeps me looking higher towards the 1.3295-1.3325 zone. Near term support is estimated near 1.2990. 1.3120s may provide interim resistance. Remember to trade with good risk reward ratio Learn Forex, Daily Analysis and Forex Education in no time. More about Trading Signals Forex Bamboo Growth: USD CAD Market […]

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GBPJPY- Pound/Yen – Fakey setup within head and shoulders pattern

Similar to the UsdJpy, GbpJpy is setting up for a breakout attempt.  Head and shoulder pattern on daily chart, GbpJpy formed a fakey setup on the daily graph, resistance (neckline) at 162.50, and support for this week at 160.00.  See chart for buy entry point and stop loss

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