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More bearish signs, but the uptrend is still intact

Currency Pair: Usd/Jpy
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 101.16
Daily chart: On this timeframe, Usd/Jpy seems ready for further declines as long as a massive triangle has been broken to the downside around 101.50 and also an old support which belongs to an ascending channel (comes from February 2013) has been broken around 101.80. So far we have 2 important bearish signals, but it's necessary to be broken the third and the most important support sit…
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A decline in aussie is expected

Currency Pair: Aud/Usd
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 0.9272
Daily chart: The price didn't manage to overcome a strong resistance line coming from October 2013( around 0.9409) and then resumed once again the downward path. On the same time frame the recent bull trend has been backed by a massive ascending channel and also by a golden cross combination ( SMa30+Sma200), but today this channel has been broken to the downside around 0.9280. Another b…
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The bull trend runs out of steam

Currency Pair: Nzd/Usd
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 0.8578
Weekly chart: As you can see, the price is in ongoing consolidation just above of an huge triangle in a tight range between 0.85 and 0.87 in order to find the next direction. Any further rises are at risk because a bearish candle ( an inverted hammer) has appeared and certainly will create some selling pressure on Nzd/Usd. RIght now the rate is below Sma 30 with some chances to touch SM…
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Bearish trend in full force

Currency Pair: Eur/Gbp
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 0.8130
Daily chart: Since September 2013 the price is lying in a very visible descending channel and further declines are coming due to a recent breaking of an important support situated in 0.8150 area.. Right now we are in a dead cross ( Sma30+ Sma200) for some time and the rate is below the Sma 30 which signal that a very strong downward pressure is still on the table
4 Hour Chart: Here …
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USD/CHF ready for take off

Currency Pair: Usd/Chf
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 0.8911

Daily Chart:
So far the price has spent its last year in a huge descending triangle, but last week came the change when Draghi spoke about a possible monetary action in June. Therefore this triangle has been broken to the upside around 0.8840 and hit in the first phase the 0,89 level where a little selling pressure has appeared. Further rises are backed by another bullish pattern calle…
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There is still room for another rebound in USD/CAD

Currency Pair: Usd/Cad
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 1.0900
Daily Chart : On this time frame we have two technical patterns which signal opposite directions. First pattern is an head and shoulders already broken to the downside around 1.0890 which suggests a bearish move until at least 1.07. THe second pattern is a descending triangle already broken to the upside around 1.0910 which suggests a possible spike higher until at least 1.1050 level.As…
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Further consolidation or a little fall in the sight

Currency Pair:Gbp/Jpy
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 171.33

Daily chart:
Last week the price has just broken a very old trendline support around 172 and escaped from a massive ascending channel which kept Gbp/Jpy in a strong bull trend so far. THis doesn't mean we will see from now only declines in Gbp/Jpy , but at least the resistance situated 174.70 won't be exceed any time soon. The recent breakdown should provide further fall until the first…
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EUR/JPY under selling pressure

Currency Pair:Eur/Jpy
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 138.94
Daily chart: Since January 2013 Eur/Jpy has been stuck in a massive ascending channel, but two weeks ago the price managed to break down this pattern around 141.30 and slid back towards lower level as low as 138. Right now the rate is below both Sma 30, Sma200 and this fact indicates that the bearish move has still room to go.
4 Hour Chart: What triggered the latest breakout to the downs…
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Further consolidation with a modest decline in the sight

Currency Pair:Gbp/Cad
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 1.8412
Daily Chart: Very recently we saw the first weakness of the bull trend which began on July 2013.The price managed to break down the support of that ascending channel around 1.8460 and slid in the first phase until 1.8171. From this point gbp climbed once again to 1.8467, but it seems that any rise above 1.8650 has little chances as long as a triple top is right now underway having its n…
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This pair has more room to go up

Currency Pair:Gbp/Chf
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 1.5079

Weekly chart
: Gbp/Chf seems ready to test higher grounds due to two bullish events which have recently occured. The first event is a golden cross ( Sma 30+ Sma200) achieved around 1.49 level which points to a future appreciation of sterling against swiss franc until at least 1.5450. THe second event is breakout to the upside of a massive triangle around 1.5050 which also suggests that m…
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A breakout to the upside in the sight

Currency Pair:Gbp/Nzd
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 1.9688

Daily chart:
The pair is currently trading below the key 1.9761 level, where stays a few pips lower under a neckline which belongs to a double bottom. In case the price will manage to exceed this resistance then the current ascending move might accelerate towards 2.00 area. From this round point a selling pressure is likely to appear in the market and therefore Gbp/Nzd could lose some g…
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All signs indicate further upside moves

Currency Pair:Cad/Chf
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 0.8251
Daily chart: This pair has just escaped from an old massive descending channel and found a breach around 0.8030. The newly bullish trend has been backed also by a big double bottom with its neckline broken at 0.8160. Right now an ascending channel has become visible and it might provide the fuel necessary for further upward moves.
4 Hour Chart: On this time frame we had several bullish s…
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CAD/JPY ready for higher grounds

Currency Pair:Cad/Jpy
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 93.83
Daily chart: In some extent we can consider that Cad/Jpy has been laying in a ascending channel and right now it's heading towards the first resistance ( 94.86) which is also the neckline of an unfolding double bottom. In case this barrier is broken then more bulls will be encouraged to enter in the market and to push the price higher. Even more a golden cross ( Sma30+ Sma200) has some ch…
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AUD/JPY unable to sustain the current level

Currency Pair:Aud/Jpy
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 94.14
Weekly chart: Since June 2012 Aud/Jpy has been laying in a strong ascending channel, but the first weakness of this pattern has appeared recently: a neckline which belongs to a massive double bottom has failed to keep the price above 95.66 and in the same time sent a strong message to bears that the bull trend is faltering.
Daily chart: Lowering the time frame we see here a double top pat…
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Let's see an upside move

Currency Pair:Gbp/Aud
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 1.8232
Daily chart: Initially the price broke the support line which belongs to an old ascending channel around 1.8242 and ultimately a neckline ( 1.8120) of a double top failed to stop the angry bears. After this breakout to the downside Gbp/AUd has touched 1.7750 and eventually the selling interest abated. From this point a new bullish pattern called wedge down has been formed and even broken…
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Slow descent in the sight

Currency Pair:Eur/Nzd
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 1.5929
Weekly chart: At first glance on the chart i see a massive inverted H&S pattern with its neckline broken around 1.6980, but this attempt to send to price higher failed ,and therefore Eur/Nzd chose once again the downward path. Even more it can be seen also another bearish pattern called double top having its neckline ( tested twice so far) around 1.5920.
Daily chart: On this time frame t…
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Bearish trend still in place

Currency Pair:Eur/Cad
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 1.4796
Weekly chart: The presence of a very beautiful double top on this time frame is going to weigh on this pair for a while. This pattern has been broken to the downside around 1.50 level and targeted so far 1.4783. By the end of June more declines are in the sight until at least 1.46 where a very old support line lies.
Daily chart: The outlook looks bearish due to that double top, but we a…
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Some chances to see a bullish reversal

Currency Pair:Eur/Aud
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 1.4736
Daily chart: At this moment the bearish sentiment is fueled by a massive Head and Shoulders pattern ( its neckline broken around 1.50 level) and also by a dead cross combination between Sma 30 + Sma200. But there is a bullish hope in the horizon called wedge down which is waiting for a breakout to the upside around 1.4740. In case this scenario will happen, then we need one more breckou…
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A rebound in NZD/CAD more likely

Currency Pair:Nzd/Cad
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 0.9226
Daily chart:The price fell through key support line around 0.9290 and stopped near 0.92.We already saw a break below Sma 30 two
weeks ago, but as long as Nzd/Cad remains above Sma 200 this means a bullish outlook is still possible in the following month.Thus far we have seen a quite impressive selling pressure on this pair as big as 450 pips and in my view any declines seem limited at th…
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Bearish in full force

Currency Pair: Aud/Cad
Indicators: technical patterns and Sma30 (blue) + Sma200 (orange)
Current price: 1.0072
Daily chart: The recent breakout to the downside of that ascending channel has been confirmed by another bearish pattern called head and shoulders with its neckline already broken around 1.0147. Thus far the price slipped toward 1.0034 where an important support lies. It seems that a further consolidation on this support is expected, but it's a matter of time until the rate will decline…
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