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Weekly GBPUSD ForecastThe pair ended a cycle up in wave ((A)) from the 9/3/2019 lows at 1.3519 where the hourly is turning down. While a bounce fails below there it can see a pullback correct the cycle from the 9/3/19 lows. While it shows it will remain above the 9/3/2019 lows where the 4 hour right side is up it can see another swing higher in the correction of the cycle lower from the 7/15/14 highs. Weekly Buying Area. 1.2550-1.2500 target: 1.3500-14000 Stop Loss: 1.2350 Good luck !
Long
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Daily Outlook of AUD/USDAUD/USD A hotter-than-expected Chinese industrial production figure is good news for the Aussie dollar, a proxy for China.The data, though positive, is likely being taken by trades with a pinch of salt, given the Lunar New Year holidays usually distorts the economic numbers. Also, mild risk aversion as represented by a 0.20 percent decline in the S&P 500 futures could be capping the upside in the AUD/USD pair. As technically the pair trading on daily daily support with double bottom chart pattern, we can see first target 0.7930/50, if break then it can be test near 0.8000.
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Long XAUUSDXAUUSD the pair fall after US Fed rumor to hike rates in December, The dollar was supported by reports that President Donald Trump was favoring a monetary policy hawk as the next head of the U.S. Federal Reserve, as technically the pair trading on the 50% retracement, under the trend range , we can see a rally before going to fall to test 1298/1304. Today we will get the opportunity to react to the reports on Building Permits and Housing Starts. The Fed will release its Beige Book and the government will release the Federal Budget Balance. BUY XAUUSD @1283.50/1280 Target: 1296/1300 Stop loss: 1276 gud luck ! #forextuitions
FX:XAUUSDLong
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2
Short EUR/JPYEURJPY pair still overall trend is bullish , Sustained break of 134.20 fibonacci level will extend larger up trend to 141.04 resistance next. However, break of 131.69 will be an early sign of medium term reversal and will target 127.55 key support level instead. Currently the pair trading pattern short term bearish trend with the strong resistance and double top pattern on daily & Weekly candle , we can see atleast three waves down before going to large bullish . Sell EUR/JPY @132.85/133.05 Target: 132.18/131.70 Stop loss: 133.30 gud luck ! #forextuitions
Short
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Short GBP/USDGBPUSD the pair while on FOMC hit a new high of 1.3659 yesterday After FOMC hawkish comment the pair sharp decline from the high . today the pair made a new 4hr support and retrace 61.8% fibo, currently the pair pattern shows one more leg down towards the retest trend zone around 1.3459 if break will see immediate support around 1.3370/1.3330. We don't like the buying the pair. Sell GBP/USD @1.3580/1.3600 Target: 1.3490/1.3400 Stop loss: 1.3632 gud luck ! #forextuitions
Short
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Long USDCAD & Short USDCADUSDCAD long term the pair still have a leg down towards test below 1.20, The USD/CAD fell close to 1400 pips from the May 2017 highs into the July lows,On Wednesday, September 6, the Bank of Canada increased its benchmark interest rate to 1%. Following the announcement of this news, the USD/CAD moved lower, Along with USDCAD the U.S. Dollar Index (DXY) has also continued to move lower. But currently DAX is made some support by which we can some retracement , if we see DAX retracement we believe USDCAD will also retrace towards test his resistance around 1.2268/1.2316 and then we can see another fall of USDCAD. We have two trades here. BUY USDCAD @1.2175/1.2150 Target: 1.2250/1.2300 Stoploss: 1.2112 Alternatative Sell USDCAD @1.2300/1.2350 Target: 1.2100 Stop loss: 1.2400 gud luck #forextuitions.
Short
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Weekly Technical Chart- GBPUSDThe British pound initially fell during the week but found enough support at the 1.2850 level to turn around and form a hammer. I believe that this market is going to continue to go higher, and a break above the 1.3050 level is that signal. At that point, I believe the market can go looking towards retest again 1.2850 /1.2800 and then we can see rally towards 1.31/1.32, The British pound has shown a significant resurgence during the week, and I think it looks good overall. However, if we were to break down below the 1.2850 level, that would be a negative sign.
Short
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Weekly Technical Chart- EUR/USDThe EUR/USD pair jumped to 1.1979 following the release of the US Nonfarm Payroll August report. The pair however, changed course quickly on headlines reporting that the ECB won't be ready to taper QE until December, which seems a desperate move to keep the pair below the 1.2000 level. Now struggling around 1.1900, the 4 hours char shows that the pair was unable to settle above a bearish 20 SMA, whilst technical indicators remain within negative territory, losing upward strength. Below 1.1880, the short term risk turns towards the downside, with scope then to retest this week low of 1.1822/1.1760. We can see fall towards 1.1700.
Short
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LONG GBPUSDGBPUSD the pair still the long term trend is downwards , but as technically the pair making short term bullish pattern as currently the pair made a strong support on daily candle, after the gap opening the pair filled the gap and bounce back upwards , on weekly candle the pair making a Dozi pattern , as per technical i like to long the pair for immediate target of 1.3020/1.3080. We don't like to selling the pair. BUY GBP/USD @1.2920/1.2890 target: 1.3020 stop loss: 1.2850 gud luck ! #forextuitions
Long
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1
USOIL Long USOIL prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. U.S. crude production has broken through 9.5 million barrels per day (bpd), its highest since July 2015, but analysts say growth may slow as U.S. energy firms cut the number of rigs drilling for new oil."It looks like the growth in U.S. production is quickly running out of steam and, all else being equal, this should be good news for OPEC and the price of oil, As technically the pair trading above the trend range under 1hr time frame , we have strong support around 47.20 on 4hr time frame, we can see bounce towards retest $50. BUY USOIL @47.50/47.20 Target: 48.50/49.00 Stop loss: 46.90 Gud luck ! #forextuitions
TVC:USOILLong
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Short USDJPYUSDJPY the pair trading under pressure despite positive NFP, Overall we believe the pair has target 112.00/114.00 , but before reach this target we can see one more leg down towards 119.50/108.80. as technically Currently the pair stuck in triangle on 4hr time frame and the Pair is testing the trendline since 4.2017, but should fail and trade lower into 109-108.30 area. We don't like to buying here. Sell USDJPY @110.30/110.55 target: 109.55/109.00 Stop loss: 110.90 gud luck ! #forextuitions
Short
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Short USOILUSOIL the pair have huge volatility expecting this month, as OPEC have The two-day gathering in Abu Dhabi, United Arab Emirates, will focus on members’ compliance with the output pact the cartel signed with 10 other oil suppliers, including Russia, in late 2016. The deal so far hasn’t produced meaningful effect in tamping down global output or inventories.One major development the market will be watching for from the OPEC meeting is whether Libya will join the agreement to cap production.As technically the pair trading below strong resistance around 49.70, if it break the immediate target around 50.30/50.80, below the strong resistance we can see one more leg towards 48.55/47.80. Short term trading. Sell USOIL @49.30/50 Target: 48.40/47.90 Stop loss: 49.90 gud luck ! #forextuitions
TVC:USOILShort
by Forextuitions