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EUR/USD parity not just yet

Monthly chart:
The pair has been in a downtrend since May 2014. After it broke below the long-term trendline that supports lows of years 2005, 2010 and 2012, series of important levels gave way, falling like dominoes: 50.0% retracement (of the 2000 to 2008 uptrend), 2012 low, 2010 low, 2005 low and 61.8% retracement, before it finally stopped near the declining channel-line (drawn off 2008 and 2010 lows). Next support comes in at 2003 low at 1.0331 and and further down 76.4% retracement just abo…
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الترجمة الى الانجليزية اظهار الاصلي
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USD/CHF will gain in the near-term

Monthly chart:
The pair has broken parity on the first trading day of the year. It was trading around 1.02 when SNB shocker sent it all the way down to 2011 lows. The actual low was 0.7263 or roughly just 70% of its value before the announcement. The turnaround was equally impressive and after barely two months the pair found itself testing middle of the pre-SNB range between parity and 1.03. That was near-term top and it declined from there but it still managed to recoup more than three quarter…
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الترجمة الى الانجليزية اظهار الاصلي
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USD/JPY to extend breakout

Monthly chart:
The pair broke a strong cluster of resistance (trendline that contained the long-term downtrend in years 1986, 1990, 1998; 23.6% retracement of the 1982 to 2011 decline; 2007 high at 124.14) and is poised to close the month above that. There's not a lot of chart based resistance until 2002 high at 135.90, but the big figure levels at 125.00 and 130.00 will without doubt be closely watched.
Weekly chart:
Following 600+ pip correction in December 2014, the pair consolidated in 115.5…
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الترجمة الى الانجليزية اظهار الاصلي
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GBP/USD to remain well supported

Monthly chart:
Current medium-term downtrend has broken longer-term uptrend, which is marked on the chart as a trendline that supported the pair in 2009, 2010 and 2013. After trading down to below 1.50 in January, the pair reversed all sub 1.55 losses in February and even broke above the big level. At that point it looked like a bottom is in place, but another push down followed as the pair declined all the way to 1.4566. It reversed from there but ran out of puff just above 1.58.
Weekly chart:
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الترجمة الى الانجليزية اظهار الاصلي
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USD/CAD will consolidate gains

Monthly chart:
The pair is in uptrend since 2011. It broke 38.2% retracement (of the 2002 to 2007 decline) in January and then traded around 50.0% retracement for nearly three months. In April, the pair broke back down and continued lower to clear the stops below 1.20 level. The confluence of the broken trendline (drawn off 2003, 2004 and 2009 highs) and 38.2% retracement shall offer further support ahead of 20 month SMA, should the pair continue lower.
Weekly chart:
After range support at 1.235…
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الترجمة الى الانجليزية اظهار الاصلي
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AUD/USD to resume downtrend

Monthly chart:
As most major pairs, Aussie accelerated its decline in the first month of the year. After a bit of consolidation it convincingly broke below 0.80 level and 50.0% retracement of the 2001 to 2011 uptrend. In the following four months it traded mostly in 0.7550 - 0.7950 range, but broke higher in the end of April. The breakout appears to have been fake as the pair returned back to the range.
Weekly chart:
Should the downtrend resume, some demand may come in at 0.75 (level touted by …
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الترجمة الى الانجليزية اظهار الاصلي
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NZD/USD to fall further

Monthly chart:
In January, the pair busted 100 month SMA, 38.2% retracement of the 2009 to 2011 uptrend and the low of the 2011 to 2014 trading range around 0.7350. February, March and April were more or less range-bound, but in May the pair broke to the downside strongly in what appears to be continuation of the longer term downtrend. Support is now seen at 0.70 level and near 50.0% retracement (of 2009 to 2011 uptrend) at 0.6868.
Weekly chart:
The pair traded in 0.7175 - 0.7600 range in Febru…
قراءة القصة كاملة
الترجمة الى الانجليزية اظهار الاصلي