USDCAD: More Growth Expected Next Week 🇺🇸🇨🇦
USDCAD will likely grow more next week, retesting a recently
broken daily horizontal resistance, that turned into a support after a breakout.
The next strong resistance is 1.397 - it will most likely be the next goal for the buyers.
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Swingtradingforex
EURJPY: Road It 175.0 🇪🇺🇯🇵
EURJPY broke and closed above a key daily resistance cluster.
With a confirmed Break of Structure, the price set a new higher high higher close.
I think that the market will rise more.
Next goal - 175.0
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CHFJPY: To The New Highs 🇨🇭🇯🇵
CHFJPY has recently broken and closed above a major daily resistance.
As I predicted earlier, the price managed to reach 187.0 psychological level
after a retest of the underlined area.
Watching how strong is a bullish pressure today, I think that there will be a high
chance to see a further bullish continuation.
The next strong resistance is 188.0.
It will be the next goal for the buyers.
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CHFJPY: Strong Bullish Pattern 🇨🇭🇯🇵
CHFJPY is currently updating the All-Time High, breaking
a neckline of a cup & handle pattern.
Looks like an uptrend is going to continue.
Next resistance - 186.85
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CHFJPY: Bullish Accumulation is Over 🇨🇭🇯🇵
It looks like CHFJPY finally completed a bullish accumulation
within a horizontal range on a daily.
Its resistance breakout and a formation of a new local higher
high higher close is an important event.
I believe that the market will grow more and reach 185.4 level soon.
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EURCHF: Move Up Ahead?! 🇪🇺🇨🇭
I see a strong bullish pattern on EURCHF on a daily:
the price broke and closed above a resistance line of a bullish
flag pattern after a test of a critical demand zone.
With a high probability, growth will continue soon.
Next resistance - 0.9393
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NZDJPY: Another Bullish Wave Ahead?! 🇳🇿🇯🇵
NZDJPY violated a significant daily resistance cluster last week.
The broken structure and a rising trend line compose a
contracting demand zone now.
That will be the area from where I will anticipate a bullish movement.
Next resistance - 89.0
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NZDUSD: Important Breakout 🇳🇿🇺🇸
NZDUSD looks bearish after a false violation of a current daily structure high.
The price dropped with a high momentum bearish candle, violating
a significant support cluster and closing below that.
The pair may fall even more.
Next support - 0.5952
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USDCHF: Bearish Wave Ahead 🇺🇸🇨🇭
Quick update for USDCHF.
Earlier on Monday, I shared a bearish forecast based on a
confirmed violation of a neckline of a head and shoulders pattern on a daily.
We got quite a deep retest of that and bears finally showed their presence.
I remain bearish bias and expect a bearish continuation soon.
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NZDJPY: Bullish Wave is Coming 🇳🇿🇯🇵
I have a strong feeling that NZDJPY will resume growth soon.
A neckline breakout of an inverted head & shoulders pattern
provides a strong swing confirmation.
The pair may reach at least 87.0 level soon.
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NZDCAD: Bullish Forecast Explained 🇳🇿🇨🇦
I see a nice inverted head & shoulders pattern on NZDCAD
on a daily time frame.
Its neckline was broken on Thursday last week with a high momentum bearish candle.
Probabilities will be high that the price will rise after its retest.
Goal - 0.82
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NZDJPY: Change of Character Confirmed?! 🇳🇿🇯🇵
NZDJPY confirms a bullish reversal on a daily.
The price violated both the resistance lines of a falling channel
and a horizontal range.
Bullish breakout of the underlined blue resistance also is a valid
Change of Character.
The market may go much higher soon.
Next resistance - 89.75
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NZDCAD: Important Bearish Breakout 🇳🇿🇨🇦
NZDCAD broke and closed below a key daily horizontal support.
The broken structure turned into a strong resistance now.
Taking into consideration the fact that the pair is trading
in a strong bearish trend since the end of September,
we can expect its continuation.
Next support - 0.507
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NZDCAD: Bearish Movement in Channel 🇳🇿🇨🇦
NZDCAD is trading within a wide falling channel on a daily.
After a test its resistance, the price formed a head & shoulders pattern on that.
Breakout of the neckline of the pattern indicates a highly probable bearish continuation
within the channel.
Goal - 0.8161
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GBPJPY: Bearish Outlook Explained 🇬🇧🇯🇵
GBPJPY dropped heavily on Friday.
The price violated both a support line of a rising parallel channel
and a horizontal demand zone.
With a high probability, the price will continue falling next week.
Next support - 193.9
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EURGBP: Waiting For Bearish Continuation 🇪🇺🇬🇧
EURGBP closed in a very bearish mood,
testing a significant daily horizontal support.
I will be waiting for a breakout of that next week to sell.
My confirmation will be a daily candle close below that.
A bearish continuation will follow then at least to 0.8265
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USDCHF: Bullish Move After Breakout 🇺🇸🇨🇭
Look at a price action on USDCHF.
The price broke a resistance line of a wide horizontal range on a daily.
After a breakout, the price started a local correctional movement on a 4H.
A bullish flag pattern was formed.
With the opening of a NY session, the market went up and violated
its resistance.
With a high probability, growth will continue now.
Goal - 0.8598
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MarketBreakdown | USDCAD EURNZD, GBPCAD, GBPCHF
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ USDCAD daily time frame 🇺🇸🇨🇦
The pair is currently consolidating within a horizontal range on a daily.
I am waiting for a breakout of a one of the boundaries of the range
to confirm the future direction of the market.
I think that the price may keep coiling before the FED rate decision on Wednesday.
2️⃣ EURNZD daily time frame 🇪🇺🇳🇿
Similarly to USDCAD, EURNZD is also in a deep consolidation.
The pair trades in sideways for many days, perfectly respecting the same
horizontal resistance and support.
Our trigger and the signal will be its breakout.
3️⃣ GBPCAD daily time frame 🇬🇧🇨🇦
We see a violation of a significant daily horizontal resistance and a formation of a new year's high.
It indicates a clear strength of the buyers and a highly probable further bullish continuation.
I will look for a retest of a broken structure to buy from there.
4️⃣ GBPCHF daily time frame 🇬🇧🇨🇭
I see a confirmed breakout of a resistance line of a falling parallel channel.
With a high probability, the price will go up after its retest.
Do you agree with my market breakdown?
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