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Greetings Fellow Traders, To start 2016 EURUSD tested for the third time a short term support level that emerged off of the first significant pull back from the massive rise at the beginning of December 2015, the 1.08 level. This time the level gave way and was broken, it presented itself as a good short term selling opportunity however the sells were cut off...

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Greetings Fellow Traders, As previously posted USDCAD had a good short opportunity when the bullish strength on the move from 1.34 showed definite signs of weakness...however that sell off was rather short lived which is starting to paint a different picture for what's to come. If you're a strong supporter of USDCAD bulls, you should look for a confirmed trend...

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Greetings Fellow Traders, 2016 has been off to quite the volatile start. Hopefully this bearish strength has not caught anyone off guard. At .66000 my NZDUSD trades were closed - I mentioned in 2 other posts we were aiming for the .6590 area as this is the key technical level that matters to the market. What next? Patience! Now is the time to not be overly...

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Greetings Fellow Traders, NZDUSD trade entry possible in approximately 30 minutes at the close of the current candle. We are looking for price to maintain it's current form, closing at or below the .6625 area. If this should happen, any rise should be taken as a selling opportunity and immediate targets will be looked for at the most obvious support level near...

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Greetings Fellow Traders, Confirmation for a continuation to .69 and .71 was not received. I made a comment on the previous NZDUSD analysis after Monday's trading that the trend of monday was very likely to continue into Tuesday's trading and beyond. You can see that analysis below. With this week's trading already close to half over we're coming up to a very...

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Greetings Fellow Traders, Quick Buying Opportunity on GBPAUD - Look at the current structure on the 15 minute time frame, waiting for a close above the indicated correction strength. If that occurs we should be on the way to retest the daily high and potentially move much higher. A trade only occurs if a candle closes above that line, do not assume that it...

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Greeting Fellow Traders! First and foremost, Happy New Year! NZDUSD has formed a bullish triangle after breaking the bearish strength trend line - It has also maintained it's current bullish strength in the process. I will be looking for Buys immediately to start the new year off (provided there are little to no gaps in price) - Confirmation will come with a...

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Greetings Fellow Traders, GBPUSD has been in a pretty extensive correction/consolidation mode for several months now. We've seen a couple false break outs and channels been ever so slightly redrawn - but it has stayed true to the overall structure. Pay key attention to the strength of the larger trend lines on the chart above and apply that strength to previous...

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Greetings Fellow Traders, Just a quick chart and trade set up for those that are looking. People in the forex chat room were talking about the direction of NZDUSD, I thought I would add my view on it before I hit the road for the holidays. Current Bullish impulse up...we've been consolidating or correcting since peaking near a familiar high at .6835. Watch for a...

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Greeting Fellow Trades, 123.50-124.00 has proven to hold as a formidable resistance level that was a former support outlined in a related publication linked below. With the recent price action at the end of last week USDJPY's long term trend that originated back in late 2012 is being put in potential jeopardy. Over the coming days/weeks pay very close to how...

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Greetings Fellow Traders, The most recent channel created by AUDUSD has finally been confirmed to be broken by the bulls on the 4 hour chart. From here it is likely that AUDUSD will continue rising to meet sellers that are camped at the .7380 area. Should price reverse from those levels or lower it will have a good chance at breaking a weekly consolidation...

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Greetings Fellow Traders, GBPNZD had a crucial 4 hour candle that not only maintained the bearish strength over the last 24 hours but also reinforced the new low that was created. Expect minor retrace to retest the 2 descending blue lines...but more importantly, keep a close eye on the horizontal red line. Market should stay below or defend this line in order...

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Greetings Fellow Traders, Small update for those looking at USDCAD - We did have a clear signal for a trend continuation from the last post to go long...since then that momentum has for the most part seemed to have stalled. As it's been consolidating the last several days we're beginning to see that critical point where the market has to make a decision to...

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Greetings Fellow Traders, Here's a quick look at a good trend continuation set up for the start of this week's trading. We have clear consolidation and a prime set up to thrust lower. On my long term view for EURJPY I am still looking for longs...however we failed to confirm a break on the daily and were provided with this move on the 1 hour time frame. The...

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Greetings Fellow Traders, My overall view for USDCAD remains unchanged, even though we've continued to rise. If you're still looking for an entry short on USDCAD as I am, let's first take a look at the latest wave up. We have a very well defined trend line that is visible on the 4 hour and 1 hour charts. I've shown the 1 hour chart here. This trend line...

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Greetings Fellow Traders, I don't use news to influence my trade ideas, but I know that many of you do. If you're trying to guess where EURUSD is going, I urge you to stop guessing and just watch what the market is doing instead. After the initial surge from 1.05 area we're seeing more and more structure appearing from EURUSD, particularly a potential channel....

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Greetings Fellow Traders, GBPAUD has nullified the Head and Shoulder's pattern that was previously identified after failing to confirm on the weekly candlestick last Friday. Many lines have been removed, 1 new one has been added. It now appears that the long term bullish GBPAUD analysis might soon be ready for liftoff. Pay close attention to the 2 lines shown on...

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Greetings Fellow Traders, I've been waiting on posting this USDCAD update until we started to get much closer to one of the key technical levels that could be used as a trade opportunity. USDCAD, as was expected has finally broken past 1.34 an create a new yearly high. We are currently trading just under 1.35. If you've seen my other USDCAD analysis you know that...