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USDCHF in the breakout teritory

As others USD pairs, the USDCHF has pushed to the new recent highs following Trump's win. The pair was trapped in the triangle but made a breakout after Trump's win on hopes of fiscal spending under Trump's administration.
As it can be seen on the weekly chart below, the pair has made a false break down before immediately moving through the resistance and heading to test old resistance near 1.0300.
The daily chart below offers a similar picture. If we manage to get a chance to join this rally, t…
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AUDCAD in correction

In the last couple of months, this pair has provided us with great trading opportunities. If you look at the weekly chart below you will see a creation of two possible patterns. Long term, AUDCAD is in the process of creating either a double-bottom or a double top. We bounces odd 0.992, corrected to 1.03 and then fell to test the old support again. We subsequently moved above 1.03 but only to create a false break out. That resulted in a big correction that is currently underway.
The daily chart …
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AUDCHF close to a break out

Another AUD pair that has a very interesting technical picture. On the first weekly chart below, you can see that we have a potential inverted H&S pattern which targets 0.85 long-term. If we manage to break the neck-line then watch for the prompt test of 200 WMA near 0.7900.
Another weekly chart shows us different perspective. We are currently consolidating in an ascending triangle which cannot last forever. Hence, we may see a break to the upside quite soon, targeting both 200 WMA and 61.8% ret…
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AUDSGD moving higher towards the box

This pair keeps advancing for the six consecutive month as it can be seen on the monthly chart below. It is trying to clear the 23.6% retracement and then test 38.2% together with big horizontal resistance near 1.1100.
Weekly chart below shows that we are in the uprising channel, however we also have a failed break of the channel resistance then put more downside pressure on this pair. We recovered and we are now moving towards next resistance target near 1.08, which represents 78.6% of the retr…
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CADCHF potential inverted head and shoulders pattern

The CAD/CHF is another xxx/chf pair that is slowly but firmly moving higher. As it can be seen on the monthly chart below we are creating potential inverted H&S pattern which can target all the way to 0.85 if the neckline gets broken. Thanks to a great risk appetite currently, we are creating an ultra bullish monthly candle.
The weekly chart offers us a similar picture. We are being supported by the 100 MMA which may push the price above the trend line/neckline towards the resistance box around …
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CHFJPY pushing higher

This pair has pushed higher in the last 4 weeks following improvement in the risk appetite after Trump's win. The yen is the biggest loser and even franc pushed higher against the Japanese currency. The monthly chart shows that we pushed through 55 MMA even though this MA kept the pair at bay the last time they met. Look for a test of the MA but now as a support and another leg higher to test 38.2% Fibonacci retracement around 114.30.
Weekly chart gives us more background as the pair broke out o…
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CHFSGD undecided which way to go

If you want to show Forex to someone that show him CHFSGD charts. The pair drifts around and doesn't really respect lines in the sand. So, we are still being supported by rising trend line which is currently being tested after reversal following Trump's win.
We closed below 100 WMA and we have support in both the trend line and 55 WMA. If we break, watch for the prompt test of the 200 WMA which will provide support to this pair. A lot depends on the risk appetite but look for more of the same in…
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NZDCAD facing reversal

Following agreement between OPEC members to cut/freeze production of oil, CAD pushed higher against all commodity currencies. This resulted in creation of reversal candles in almost all CAD pairs. NZD/CAD was above the resistance before agreement saw light and then we saw reversal. Looking at the chart below you will see quite a big failure at the top.
So since we will probably reverse where should we end up in a couple of weeks ? As you can see below on the weekly chart we may target set of sup…
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NZDCHF still at the scene of crime

This pair is still at the scene of crime. The last time we wrote about this pair, we were targeting area where we are now. If you look at the monthly chart below you will see big resistance area created by 100 and 55 MMA around 0.7200 which provides enough offers to cap the pair below it. This is the fifth consecutive month that we are closing below it.
Furthermore, the pair is being capped by 200 WMA while the 100 WMA provides support below it near 0.6800. We are now trading comfortably above 6…
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SGD/JPY pushing higher

As other JPY pairs, this is another big loser. We pushed around 500 pips to close near the 55 MMA as it can be seen below. We will find some resistance here and maybe correct before going higher.
The weekly chart below shows that we have pushed above big falling trend line which should now provide support. Currently, we are targeting 38.2% but once we clear it, watch for the test of 55 WMA and 50% retracement.
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