AUDNZD: Growth May Continue 🇦🇺🇳🇿
AUDNZD broke one more horizontal resistance last week.
I think that the next goal for the buyers will be 1.0935 level - the next historical structure.
I will expect a bullish continuation to the underlined yellow area.
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Swingsignals
CRUDE OIL (WTI): Bullish Trend Continues 🛢️
Crude Oil set a new higher high higher close on a daily,
violating a key horizontal structure resistance.
It is a strong trend-following signal that indicates that growth will most likely continue.
Next goal - 82.4
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USDCAD: Local Bearish Reversal 🇺🇸🇨🇦
USDCAD is trading within a huge rising wedge pattern on a daily time frame.
After a test of an upper boundary of the wedge, the price formed a double top formation
and violated its neckline yesterday.
We may expect a bearish movement to the support of the wedge now.
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NZDCAD: Local Bearish Reversal?! 🇳🇿🇨🇦
I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD.
After a test of the underlined blue area, the price started to consolidate and formed
a horizontal range on a 4H time frame.
Its support was violated and for us, it is an import sign of strength of the sellers.
We can expect a bearish continuation now at least to 0.83
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NZDCHF: Huge Demand Zone Ahead 🇳🇿🇨🇭
NZDCHF has recently broken and closed above a wide horizontal resistance area,
the broken structure turned into a demand zone.
The price is retesting that structure at the moment.
I think that a bullish wave my initiate from the underlined blue area.
Next resistance will be 0.547
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EURCAD: Waiting For Bullish Wave 🇪🇺🇨🇦
I spotted a confirmed bullish reversal on EURCAD.
The price formed an inverted head and shoulders pattern
and violated its neckline with a high momentum bullish candle this week.
The market became quite overbought and we see a correctional
movement at the moment.
The growth may resume after a retest of a broken neckline.
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EURCAD: Confirmed Bullish Reversal
EURCAD formed a huge inverted h&s pattern on a daily time frame.
The market broke and closed above its neckline yesterday.
To me, it is a confirmed bullish reversal on the pair.
We can anticipate a bullish movement now.
Goal - 1.47
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GBPNZD: Preparing For a Bearish Wave 🇬🇧🇳🇿
Have a look at that bearish imbalance that was formed on GBPNZD
on a daily time frame on Friday.
With one single bearish candle, the price violated a neckline of a
descending triangle formation and a key horizontal support.
The market is retesting the broken structures at the moment.
I believe that a fall will initiate soon.
Next support - 2.0372
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EURJPY: Very Bullish Sentiment 🇪🇺🇯🇵
EURJPY is trading in a bullish trend on a daily.
After the price set the last high, the market started a correctional
movement within a bullish flag formation.
The resistance of the flag was broken yesterday with a strong bullish imbalance.
We can anticipate a bullish trend continuation now.
Goals: 161.44 / 162.5
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NZDCAD: Bearish Wave is Coming?! 🇳🇿🇨🇦
Have a look at NZDCAD.
After a strong bearish wave that initiated at the beginning of January,
the pair was consolidating for 2 weeks.
Friday's NFP was very bearish for the pair and the market set a new lower low lower close
on a daily, violating a key horizontal support.
It may initiate a new bearish wave.
Next support - 0.8115
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GBPNZD: The Price May Go Lower 🇬🇧🇳🇿
GBPNZD formed a double top formation after a test of a key horizontal daily resistance.
We saw a strong rejection from the upside yesterday.
It makes me think that the market may drop lower soon.
Next support - 2.0615
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AUDCAD: Clear Strength of the Sellers 🇦🇺🇨🇦
We got a double bearish breakout on AUDCAD.
The price violated both a solid rising trend line and a wide horizontal demand area.
We see a very nice rejection after a retest of a broken trend line.
It makes me think that the pair may drop much lower.
Next support - 0.878
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GBPCAD: Bullish Trend-Following Setup 🇬🇧🇨🇦
GBPCAD is trading in a bullish trend.
The price formed an ascending triangle formation and violated its neckline
with a high momentum bullish candle.
That is a strong trend-following signal.
We can anticipate growth now to 1.725 level.
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AUDNZD: Breakout & Bullish Continuation 🇦🇺🇳🇿
AUDNZD broke and closed above a key daily horizontal resistance on Friday.
We see the retest of a broken structure after the market opening.
Due to a positive bullish reaction to that, probabilities will be high that the growth
will continue.
Next resistance - 1.0815
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GBPJPY: Bullish Outlook After CPI 🇬🇧🇯🇵
GBPJPY violated a resistance line of a wide horizontal range on a daily yesterday.
The release of the CPI data increases a bullish pressure.
Chances are high that the growth will continue.
Next resistance - 188.28
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EURCHF: Time For Correction?! 🇪🇺🇺🇸
After a strong bearish impulse, EURCHF was consolidating for 2 weeks
within a narrow range on a daily.
Yesterday's CPI report triggered a bullish reaction on the pair.
It managed to violate the upper boundary of the range.
I think that the market may start a correctional movement now.
Closest resistance - 0.94
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