AUDCAD: Bullish Trend Continues?! 🇦🇺🇨🇦
AUDCAD has a nice potential to continue moving up.
Last week, the price was consolidating within a narrow range on a daily.
A bullish breakout of the resistance of the range is a strong bullish signal.
With a high probability, the market will keep growing.
Next resistance will be 0.9295
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Swingsignals
NZDCAD: One More Bearish Wave Ahead?! 🇳🇿🇨🇦
NZDCAD is trading in a minor bearish trend on a daily.
A recent violation of the low and a formation of a new lower low
indicates the dominance of the sellers.
I think that the market has a nice potential to drop lower.
I believe that a correctional movement will complete soon
and the pair will drop to 0.826 support.
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EURGBP: Bearish Trend Continues? 🇪🇺🇬🇧
EURGBP is trading in a long-term bearish trend.
After the price set a new low in June, the market
started a correctional movement within a rising wedge pattern on a daily.
Bearish breakout of the support of the wedge may signify the
resumption of a bearish trend and a highly probable bearish continuation.
The price may reach 0.8437 level soon.
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GBPCHF: Confirmed Change of Character 🇬🇧🇨🇭
One more setup that we discussed on the yesterday's live stream
is GBPCHF pair.
The market violated a key horizontal resistance - the last lower high
in a minor bearish trend - and closed above that on a daily.
Such a violation is a confirmed Change of Character,
it indicates that the pair returns to a global bullish trend.
We can anticipate more growth now.
Next resistance - 1.1596
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NZDCHF: Bullish Reversal Confirmed?! 🇳🇿🇨🇭
NZDCHF leaves multiple bullish clues on a daily:
I see a bullish flag pattern and a cup & handle formation.
Both the trend line and a neck line of the patterns are broken.
We can expect more growth now.
Next resistance - 0.553
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CADJPY: Important Breakout & Bullish Continuation 🇨🇦🇯🇵
CADJPY broke and closed above the resistance level
based on the year's high.
It indicates the strength of the buyers and a high chance
of a further bullish trend continuation.
I think that the pair will reach 119.0 level soon.
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EURAUD: Important Breakout 🇪🇺 🇦🇺
We got a massive breakout on EURAUD.
The pair broke and closed below a wide horizontal daily demand zone.
It confirms the overall bearish sentiment and increases the probabilities that
the market will keep falling.
Next supports: 1.60 / 1.59
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EURAUD: Confirmed Bullish Reversal?! 🇪🇺 🇦🇺
EURAUD formed a huge inverted head and shoulders pattern on a daily time frame.
With the release of the yesterday's fundamentals, the price bounced and violated
the neckline of the pattern.
Growth may continue next week.
Next resistance - 1.6475
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GBPCHF: Potential Bullish Continuation 🇬🇧🇨🇭
GBPCHF is trading in a strong bullish trend on a daily.
After the price updated a higher high, the market started a correctional movement.
The pair is currently approaching a significant support cluster.
I believe that probabilities are high that the next bullish wave will initiate from that.
We can expect a growth at least to 1.16
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EURJPY: Bullish Outlook Explained 🇪🇺🇯🇵
This week, EURJPY broke and closed above a key daily structure resistance.
After a breakout, the broken structure turned into support and was retested.
Retesting that, the market started to consolidate within a horizontal range
on a 4h time frame.
A bullish violation of the resistance of that range is an important
intraday bullish confirmation and sign of strength of the buyers.
I think that growth will continue next week at least to 171.0 level.
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USDCHF: Important Breakout 🇺🇸🇨🇭
Today's FOMC is clearly bullish for USDCHF.
The price broke and closed above a resistance line
of a wide accumulation range on a daily time frame.
It opens a potential for a further bullish continuation now.
Next resistance - 0.919
I suggest waiting for a pullback before you buy.
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EURCAD: One More Bullish Confirmation 🇪🇺🇨🇦
I have already shared a very bullish forecast for EURCAD,
after a breakout of a key daily resistance.
Today we see one more intraday bullish confirmation
- a bullish breakout of the resistance line of a symmetrical triangle on a 4H time frame.
I believe that the market will reach at least 1.485 level soon.
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EURCAD: Bullish Accumulation & Breakout 🇪🇺🇨🇦
After quite an extended bullish accumulation within an ascending triangle formation,
EURCAD bounced yesterday and violated its resistance.
It opens a potential for a further bullish continuation.
Next resistance will be 1.486
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NZDUSD: More Growth is Coming 🇳🇿🇺🇸
Like US30 Index, NZDUSD looks very bullish on a daily.
The price formed a double bottom pattern and broke its neckline on Friday.
The next strong resistance is 0.606.
We can expect a bullish continuation to that area.
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USDCHF: Your Trading Plan For Next Week 🇺🇸🇨🇭
USDCHF is trading in a long-term bullish trend on a daily.
The price is currently testing a key horizontal resistance.
I am waiting for its breakout - a daily candle close above, to buy.
Bullish violation of the underlined blue are will give us a strong bullish confirmation
that will push the prices at least to 0.92 level.
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Dollar Index (DXY): Important Breakout 💵
As we discussed on the yesterday's live stream,
Dollar Index broke and closed below a key daily structure support
after a consolidation
Retesting the broken support, we see a positive bearish reaction to that.
It makes me think that the market will drop lower.
Next support - 105.2
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EURJPY: More Growth is Coming?! 🇪🇺🇯🇵
EURJPY turned very bullish after a release of US PMI data today.
We see a new higher high higher close on a daily with a breakout
attempt of a key horizontal resistance.
Daily candle close above will confirm the violation.
A bullish continuation will be expected 166.5 then.
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GBPUSD: Where is Support?! 🇬🇧🇺🇸
This weekend, I shared a very bearish forecast for GBPUSD,
following a confirmed violation of a key daily horizontal support.
As I predicted, the pair started to fall sharply today.
The closest support that I see on a daily time frame
is 1.222.
The underlined blue area will most likely be the next goal for the sellers.
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GBPUSD: Important Breakout & Bearish Outlook 🇬🇧🇺🇸
Friday was very bearish for GBPUSD and the market formed
a strong bearish candle on a daily.
The pair managed to violate a wide and significant demand zone
and close below that on a daily.
The market may keep going lower next week.
Next support - 1.222
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