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  #1  
Old 04-02-2016, 07:24
Momentous Moments Member
 
Join Date: Aug 2015
Posts: 530
Default Franc's Journal

EUR/JPY for February 4, 2016

Summary;

As the resistance line at 141.04 has protected the upside and turned prices lower, we still have two possible scenarios in play.

The first shows that a very complex corrective pattern is still unfolding for an orthodox top at 145.69 and since then an expanded flat pattern has been unfolding. A final decline to the territory below 126.05 should be seen.

The second scenario suggests that an expanded flat pattern has terminated at 126.05 and a new impulsive rally now is unfolding, but a break above the resistance-line near 132.50 is needed to gain momentum to play out this scenario. The breakout above 132.50 calls for 141.04 and above.

Trading recommendation:

We will remain sidelined for now.
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  #2  
Old 04-02-2016, 07:26
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Join Date: Aug 2015
Posts: 530
Default EUR/NZD for February 4, 2016


Summary:

EUR/NZD has taken a position from where a strong rally through 1.7007 and more importantly a breakout above 1.7271 can be seen anytime now. But this scenario needs support at 1.6564 to protect the downside for a breakout above minor resistance at 1.6917 and then at 1.7007.

The breakout below 1.6564 will be yet another disappointment which delays the expected rally higher closer to 1.6487 and maybe even closer to 1.6370 before higher again.

Trading recommendation:


We are long EUR from 1.6837 and have placed our stop at 1.6537. If you are not long EUR yet, then buy near 1.6640 or upon a breakout above 1.6780 and use the same stop at 1.6537.
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  #3  
Old 04-02-2016, 07:29
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Default Technical analysis of USD/CAD for Febuary 4, 2016


Support/Resistance:

1.4690 - Swing High

1.4553 - WR3

1.4436 - WR2

1.4324 - Technical Resistance

1.4173 - WR1

1.4061 - Weekly Pivot

1.4104 - Intraday Resistance

1.3907 - Intraday Support

1.3798 - WS1

Trading recommendations:

Buy orders are now in profit and day traders should move the SL to the BE and wait for the TP at the level of 1.4173 is hit.
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  #4  
Old 04-02-2016, 07:31
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Default Technical analysis of EUR/JPY for Febuary 4, 2016 (another View)


Support/Resistance:

133.69 - WR1

132.27 - Local High|Technical Resistance|

130.81 - Intraday Resistance

130.76 - Weekly Pivot

130.22 - Intraday Support

129.18 - WS1

Trading recommendations:


An uptrend might be resumed now, so day traders should consider placing buy orders from the current market levels with SL below the level of 130.21 and TP open for now.
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  #5  
Old 04-02-2016, 07:34
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Default Gold technical analysis for February 4, 2016


On a weekly basis, the gold price remains inside a long-term black downward sloping wedge below the Ichimoku cloud, but it has broken above the weekly kijun-sen resistance (yellow line indicator). However, we should wait to see if this week closes above the kijun-sen. Strong weekly resistance is found at $1,150, so this level cannot be ruled out for a final upward move.
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  #6  
Old 15-02-2016, 07:31
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Default Technical analysis of USD/JPY for February 15, 2016


TODAY'S TECHNICAL LEVEL:

Resistance. 3: 112.91.

Resistance. 2: 112.69.

Resistance. 1: 112.47.

Support. 1: 112.20.

Support. 2: 111.98.

Support. 3: 111.75.
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  #7  
Old 15-02-2016, 07:34
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Default Technical analysis of EUR/USD for February 15, 2016


TODAY'S TECHNICAL LEVEL:

Breakout BUY Level: 1.1365.

Strong Resistance:1.1358.

Original Resistance: 1.1347.

Inner Sell Area: 1.1336.

Target Inner Area: 1.1309.

Inner Buy Area: 1.1282.

Original Support: 1.1271.

Strong Support: 1.1260.

Breakout SELL Level: 1.1253.
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  #8  
Old 15-02-2016, 07:36
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Default EUR/JPY for February 15, 2016


Trading recommendation:

We bought EUR at 126.10 and hit the stop+revers at 126.10. So now we are short EUR from 126.10 looking for an opportunity to take profit near 125.00.
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  #9  
Old 06-03-2016, 09:25
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Default Technical analysis of Silver for7 March 2016


Technical outlook and chart setups:

Silver is trading at the levels of $15.22/25 at the moment, after hitting intraday highs of $15.30. The metal seems to be poised to push prices lower towards $14.80 and $14.60. The metal is trading ahead of its big brother gold by hitting fresh swing lows yesterday at $14.92. Furthermore, the dropping trend-line resistance is also being followed, keeping the intermediary trend intact. It is hence recommended to hold short positions with risk at $15.50. Immediate resistance is seen at $15.50, while support is seen at the level $14.90 (interim). Only a breakout above $15.50 should disturb the existing bearish setup.

Trading recommendations:


Remain short with stop at $15.50, a target is at $14.60.

Good luck!
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  #10  
Old 06-03-2016, 09:27
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Default Technical analysis of GBP/CHF for 7 March 2016


Technical outlook and chart setups:

The GBP/CHF pair is trading lower at 1.4050 now, looking foe an opportunity to rally. Please note that GBP/CHF has completed a zigzag corrective wave 2 at 1.4000 before pulling back today. If the pair holds above 1.4000, bulls are expected to take control and push higher towards at least 1.4460 before producing a meaningful pullback. It is hence recommended to remain long from here (1.4050), with risk below 1.4000. Immediate interim support is seen at 1.4000 followed by 1.3920, while resistance is seen at 1.4150 and higher. Please note that a drop below 1.4000 would probably confirm a continued downtrend.

Trading recommendations:

Remain long again with stop at 1.3950, a target is 1.4460.
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