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  #1  
Old 04-02-2016, 07:24
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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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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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  #11  
Old 06-03-2016, 09:29
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Default Technical analysis of USD/CHF for 7 March 2016


The USD/CHF pair hit the weekly resistance 1 yesterday. But, it dropped down in order to bottom at the point of 0.9934. Today, the pair is trading above its pivot point. It is likely to trade in a higher range as long as it remains above the level of 0.7898. Hence, the major support was already set at the level of 0.7898. Moreover, the double bottom is also coinciding around the major support today. Additionally, the RSI is still calling for a strong bullish market as well as the current price is also above the moving average 100. Therefore, it will be advantageous to buy above the current level of 0.9923 with the first target at 0.9990 in order to retest the weekly resistance 1. From this point, if the pair closes above the weekly resistance 1 of 0.9990 in the H4 chart, the USD/CHF pair may resume its movement to 1.0030 to form a new double top. However, stop loss should always be taken into account, accordingly, it will be beneficial to set the stop loss below the last bearish wave at 0.9840.
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  #12  
Old 06-03-2016, 09:32
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Default Technical analysis of NZD/USD for 7 March 2016


The NZD/USD pair has broken resistance at the level of 0.6692, which acts as support now.
So, the pair has already formed minor support at 0.6692.
The strong support is seen at the level of 0.6613 because it represents the weekly pivot.
In the H1 time frame, the RSI and the moving average (100) are still pointing to the upside.
Therefore, the market indicates a bullish opportunity at the level of 0.6692. Buy above the minor support of 0.6692 with a target at 0.6756 (this price is coinciding with the ratio of 161.8% Fibonacci).
On the other hand, if the pair closes below the minor support (0.6692), the price will fall into the bearish market in order to go further towards the strong support at 0.6620.
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  #13  
Old 06-03-2016, 09:34
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Default Intraday technical levels and trading recommendations for EUR/USD for 7 March 2016


In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms were previously set in July 2012 and June 2010. Hence, a long-term bearish target is projected towards 0.9450.

In March 2015, EUR/USD bears challenged the monthly demand level of 1.0570, which was previously reached in August 1997.

Later, in April 2015, a strong bullish recovery was observed around the mentioned demand level.

The April candlestick came as bullish engulfing one. However, next monthly candlesticks (September, October, and November) reflected strong bearish rejection in the area around 1.1400.

December's candlestick came as bullish engulfing one allowing the current bullish pullback to take place towards 1.1370.

The zone of 1.1350-1.1400 remains the key Supply Zone to be watched during the current bullish pullback. As we expected, recent bearish rejection is currently being manifested.

The level of 0.9450 will remain a long-term bearish target in case the current monthly candlestick closes below the depicted demand level of 1.0570.
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  #14  
Old 06-03-2016, 09:42
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Default Intraday technical levels and trading recommendations for GBP/USD for 7 March 2016


In November 2015, a bearish engulfing weekly candlestick closed below the level of 1.5200 (the neckline of the Head and Shoulders pattern). This enhanced the bearish side of the market in the long term.

Extensive bearish pressure has been applied against the demand levels of 1.4620 and 1.4360. Both of them were broken to the downside.

Shortly after the GBP/USD pair moved below 1.4220, evident signs of bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again, indicating strong bullish demand.

Bullish persistence above 1.4360 was mandatory to maintain enough bullish strength in the market. The first bullish target was seen at 1.4615.

However, recent bearish rejection was expressed at 1.4615 (a broken weekly demand level). It is currently acting as a strong supply level.

The price zone of 1.4300-1.4200 remains a significant demand zone to be watched for a possible buy entry similar to what happened few weeks ago.

On the other hand, If the current weekly candlestick maintains its bearish closure below the depicted demand zone (below 1.4200), the next weekly demand level will be located at 1.3850 (a historical bottom that goes back to March 2009).
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  #15  
Old 06-03-2016, 09:45
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Default Technical analysis of GBP/JPY for 7 March 2016


Trading Recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 157.20. A break of this target will move the pair further downwards to 156.50. The pivot point stands at 159. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 160.50 and the second target at 162.20.

Resistance levels: 160.50, 162.20, 163.00

Support levels: 157.20, 156.50, 155.35
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  #16  
Old 06-03-2016, 09:48
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Default Technical analysis of NZD/USD for 7 March 2016


Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 0.67 and the second one at 0.6730. In the alternative scenario, short positions are recommended with the first target at 0.6565 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6565. The pivot point is at 0.6605.

Resistance levels: 0.67, 0.6730, 0.6775

Support levels: 0.6565, 0.6540, 0.6505
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  #17  
Old 16-04-2016, 09:00
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Default USD/CHF Technical Levels


Resistance 0.9867
Resistance 0.9797
Resistance 0.9723
Pivot Point0.9598
Support 0.9501
Support 0,9461
Support 0,9402
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  #18  
Old 16-04-2016, 09:06
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Default NZD/USD Analysis


You should buy this pair if the price goes 0.6886. The The buy should not go above 0.6890, and should have a stop loss at the point 0.6870
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  #19  
Old 16-04-2016, 09:10
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Default EUR/USD Analsis


Wait for a clear close above 1.1320 then go long with you target at 1.1416. A break above this level will take the price to the upperside.
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  #20  
Old 16-04-2016, 09:13
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Default GBP/USD TEchnical Analsis


Conservative traders should buy this pair above 1.4249 and have a target at 1.4346. As long as Euro remains bullish, look for long positions in this pair!
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