Technical Analysis

USD/CHF Double top rejection in progress


The USD/CHF had made the double top pattern after rejecting resistance where we see historical vs now moment sellers (blue rectangles). Currently we see a downward movment on the pair towards 0.9718 as the first target. If we see breakout or 4h candle close below 0.9718 next target is 0.9670...


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USD/CAD make it or break it


The USD/CAD has dropped from important historical resistance and it was shown live on a previous Session Recap webinar. Currently the price is at important support and it will be either make it or break it for the pair. 1.2980-95 is POC zone (L3, EMA89, 61.8, trend line) and...


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GBP/USD wait for retracement first


The GBP/USD fell sharply making 30 year lows(!) due to Brexit referendum result. We shouldn't be shocked with the price movements as it went in according with our pre fact analysis and expectations. Another thing to pay attention is that the market follows our updated and early market analysis...


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Weekly Forex Overview: Impact of Brexit on Forex


The Brexit had a huge impact on the Forex market with the GBP/USD falling from 1.50 to 1.32. Fibs and waves show that further GBP weakness is likely as long as price stays below the critical 1.4250 level, but a bearish turn around will most likely occur lower. The EUR/USD...


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EUR/AUD determined to proceed lower


The EUR/AUD has broken through important trend line below 1.5180 and it seems it is targeting 1.4930-00 zone as the first target. A huge uptrend that started from 1.4434 lows ended up with 1.5647 and as commodities got stronger AUD got stronger too. The pair is showing a potential for...


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