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NZD USD continuation downward expected

This analysis is both found written and in this video.Below you find the text (a summary) and the 3 pictures.In recent weeks the instrument experienced a bearish reversal from high levels 0.86 and 0.87 to reach actual 0.78 price area. In this weekly chart is drawn the triangle pattern (light blue) broken on downside and price trading for 4 consecutive weeks < 0.80 which is a key level for this instrument (blue hor.line).The whole move found old supports in 0.67 - 0.70 and 0.73 area, where on eve…
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EURo sterling going to the parity... with some patience!

The study is also published in this following video:Starting from monthly chart we see how recently market kept buying the cross to breake higher than main long term descending formation (light blue flag pattern) broken @0.8550 in June 2013. In last 5 months price was ranging and unable to close higher than 0.86 or lower than 0.84 which are 2 main key levels for this instrument now.Weekly TF shows the importance of 0.84 built now as support, and also we see main resistance going near 0.90Using f…
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USD JPY Consolidation mode

The instrument after a strong uptrend is now experiencing a consolidation since market was unable to hold the quarterly close higer than 101 which is an important key level so found weakness to retest lower short-term support area into 93 and 94 range. All this is seen in the following quarterly chart:And a closer look in monthly:Given the importance of the whole move in uptrend, I expect a continuation to the upside in the long term, but in medium and short term there is high potential for a we…
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Pound - Swiss franc building weekly double bottom

The instrument is clearly attempting a bottom in 1.40 area but still shows problems when approaching a long term downtrend coming from 1.54. Watching to the weekly timeframe we see how this is actually developing: in Daily timeframe we see the strength on recent bounce near 1.40 causing a steep move up to 1.45 in few days At this point, I need to recognize a possible low area where market will eventually reload demand. This is usually called by traders 'consolidation'. Watching an 8ho…
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Pound - NewZealand continuation upward

In this first chart above we see how the quarterly candle is developing, showing price clearly higher than previous close (1.9620) and rising from what could become a long term bottom to reach as high as 2.300. But before that, let's consider this following monthly chart: Still month is not closed so this could be invalidated, but if this will be the pattern at the 1st of september, it will be suggesting further upward possible. Close withing the blue lines, is the last supply attempt near 2.…
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U.S. Dollar - Japanese Yen preparing for further rise

This first chart is to show the nearest quarterly levels which will cause main reactions in price: the open 99.45 and the high 101.50.There is still more than one month left to close the quarter so let's watch the following chart:In this monthly setup, another important level comes together with previous ones: a past close/open price 100.40.Watching the overall candlestick pattern, I don't expect this month of August to close far from 99.00-99.20 and further develop will be possible during septe…
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GBP/CHF shows potential to the upside

In recent weeks on this instrument, price was stuck between two important levels 1.40 and 1.50 with some quick spikes during last months of 2013, as seen in this weekly chart:
Why the reason for these two levels to be so important, can be easily explained by considering a larger period of time.
  1. Clear supply pushed price lower, consolidating old downtrend to reach lower supports.
  2. Price did a quick breach on downtrend, after the important bounce on 1.40.
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EUR/GBP weakness expected

This instrument is showing uncertainty on both directions.
In this first chart, I see price trying to consolidate the 0.82 area, after a quick bounce from historical law area between 0.78 and (indeed) 0.82. To analyze better these levels, I had to decrease zoom and watch on older price action.
With blue rectangle, I enlightened what I consider as a key: long time ago (left side of chart) there was a strong bearish momentum, which required huge time before market was finally able to conquer the 0…
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GBP/USD continuation upward

In recent months market pushed this instrument to reach an old area, visited on September 2005 as support and later on August 2009 used as resistance. Precisely, the spot lies on 1.7042 as clearly seen in next chart (monthly TF).
Analyzing it deeper, I find some important resistances broken and even already confirmed as supports: see next chart with following explanation.
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GBP CHF breakout expected


This first chart above here to show how market close last weekly full above than previous resistance area 1.475-1.50 suggesting intentions for a continuation upward. The dotted rising channel is better seen in next chart:
As the chart shows, price is being contained in this particular bullish zig-zag suggesting the probability for an "higher - high" coming in next few weeks. Must not underestimate the resistance coming in 1.51 area but I personally see a straight continuation upward and eventua…
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EUR GBP weakness ahead


The first chart to show the importance of this 0.81 - 0.82 area where we could expect price to bounce upward anytime in a kind of re-test. However the pressure to the downside is still important, clearly shown by the dotted channel, by the strong bearish confirmation in 0.84 (key level) and by what seen in next chart:
As seen last week price invalidated nearest support where market attempted to move up (failing indeed at 0.84). The scenario suggests an imminent continuation downward and if con…
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USD CHF bounce and up.

During March and April 2014 market shown big uncertainty for a continuation to the downside in this instrument, finding a low near 0.870 right in the post-SNB interventation area (...).
As seen in the above monthly chart after the uncertainty, now market shows an interesting progression to the upside approaching quarterly opening rate 0.8925. The move is better seen in weekly timeframe:
The first touch down in 0.87 did not show much, but when second approach occurred 2 weeks ago (green arrow) ca…
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EUR JPY lost its 1year rising trendline

The title already tells a lot about this analysis, but let's see it in details:
In this above weekly chart we see how price built a strong uptrend started last year in April 2013, and used twice as important support. Last bounce was not enough to reach new highs, showing weakness when approaching the resistance areas in 144s. Clearly momentum has changed and this is a good time to watch for lower levels:
On a closer look in daily chart, we see how the breakout came with important strength. Neare…
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AUD USD Continuation downtrend

The instrument shows me an important downtrend after the failure in recent months when price lost parity and also the dynamic support (dotted trend-line) near 0.94:
In the picture also notable how market tested the gray rectangled area to meet new supply and gain speed to reach the 0.8660 low. In recent weeks we see another bounce right to the lower side of gray rectangle into 0.94 area which is clearly seen as important old resistance / support and history tells this area has the power to push …
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AUD/USD gonna test recent resistance area


As seen on the above weekly chart, in recent weeks market was able to stop the strong downtrend, conquering quite steady the 0.92-0.94 area, right in the middle between the most recent resistance found in 0.9660-0.9585, and the more probable nearest support line going approx on 0.9115 (downtrend b/o).
Monthly chart is showing an increasing taste for demand in July after a 2 consecutive uncertain candles, suggesting there's potential for at least a quick continuation. Still in monthly chart we c…
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GBP/CHF attracted by resistance


The above weekly chart to show both main resistance line in 1.5460 and most probable support 1.4970-1.5030: market will test them both.
Monthly here is not much helpful, only underlines how the rise stopped and reversed during last approach at these levels, suggesting to pay the deserved attention before just "buying-because-it's-rising".
In my view, market still wants to reach the top of this resistance area (1.5460-5), but in the same time I'm kind of suspicous there's an increasing interest …
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NZD/USD redistribution of time


Monthly chart shows a solid resistance at 0.8840, with an heavy crash in price followed by a multi-year consolidation. In the picture I also drawn a green horizontal which is better seen in next weekly chart.
As we can see, most recent lower high was going right @0.8080 and market had many problems finally break-it-out to reach the top. The overall move at the moment is quite soft if compared with the fast peak printed in 2011 which is suggesting there is not really the same strength.
Moving de…
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AUD/CHF continuation to the upside


In monthly there are 2 important lines to watch: resistance 0.8760 (red) and support 0.8220 (green). Market was finally able to conquer the 0.8220 now is just a matter of time and will be soon trading on the other side. In the chart we also clearly see the importance of 0.8220 because it's where price sat before the final jump to push as high as 0.90 and then parity. This indeed is the reason why I'm so concerned about the price target since there could be a strong move up straight into 0.88 or…
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USD/JPY consolidation


The above quarterly chart shows how market is trying to sit after the long term rise coming from far lower. The key line is in the middle of 99 area where clearly many times candles failed to close higher except last 2013 quarter with the final push to 105.
The same situation seen in monthly is just to confirm that support is slightly lower and to underline the complete flatness occuring in recent months between 101.40 and 103.60
In my view, as shown in the above monthly chart, market is consol…
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GBP / USD Downtrend representations and levels

MAJOR SUPPORT AND RESITANCE
The overall actual price conditions are clearly seen on a quarterly chart:
The quarter opened @ 1.33292 on 1st July and market attempted a move up but found strong supply near 1.35 which not only is a round number but also a very important multy-year support. The 1.3330 area is now showing important supply and considering the overall situation, market will hardly breake above that area again. So this will be considered as major resistance.
On the other side, market sh…
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