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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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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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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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