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Pair EURJPY is at new lows as expected.

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USDNOK made a pull-back on a Weekly chart that can be near completion, because on the four hour we see an impulsive reaction from the lows. That said, current bullish momentum is expected to continue after any short term downward correction. We see that pull-back already unfolding on the hourly chart, where prices could find support near 7.4000. www.ew-forecast.com

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NZDUSD made three legs up from march lows that appears to be a completed corrective rally with an ending diagonal in c wave. Price is trading bearish for the last few days, breaking beneath wave b support (red line) so we assume that market will continue south, down to around 0.7000 in weeks ahead. www.ew-forecast.com

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We assume that wave B will be a Double Zig-Zag, because of its three wave structure in wave (w) and now wave (y). The price may reach the Fibonacci level of 0.5. After wave B is completed, we are expecting more weakness ahead in wave C.

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CHFJPY has been bullish for the last two years as we see on the Weekly chart, but that is likely already over as A-B-C correction is already unfolding. The first wave A has already made 5 waves down, which confirms a new bearish cycle, that said be aware of more weakness after current wave B that is approaching resistance level. www.ew-forecast.com

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Today, we shall keep an eye on EURJPY as well. Pair has a nice bearish structure following a break down from an ending diagonal at the start of the week, so we assume that price will continue much lower after any corrective bounce. Well, we already see correction unfolding towards 135.50 area where sellers may cause next leg down.

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EURAUD remains bearish with three wave decline since start of the year, that could prove as a temporary reversal. We are tracking a zig-zag with current ending diagonal taking place in wave c, that can still make a new low near 1.3500. www.ew-forecast.com

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Head and Shoulder pattern suggest that more bullish moves are ahead. To confirm the Head and Shoulder pattern price needs to close above the 'neck' line. When the neck line is broken a strong buy signal is given. www.ew-forecast.com

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EURJPY is bullish for the last two months but this could come to and end in coming days or weeks, because we can count five waves up on the 4h chart. Besides that we also see a decreasing bullish momentum on the RSI, while the price can be forming a wedge pattern in fifth wave. This refers as an ending diagonal in Elliot Wave Theory which can cause bearish turning...

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GBPAUD is still looking up.

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I'm bullish on GBPAUD as long as market trades above 1.92897.

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Gold did not move much last week so our view remains unchanged. We are expecting another swing high as we see slow price action in tight range that looks like a triangle in wave b). as such, price is expect to rise to around 1240/1250 before downtrend can be coming back later this month. Save 50% on subscription www.ew-forecast.com

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AUDUSD found a low just beneath 0.7558 and turned up in the last few days, probably into a temporary corrective rally. This can be wave 2) that is already showing a corrective structure on the lower time frames which can stop at 0.7730-0.7780 resistance. An impulse sell-off from there will send pair into a new strong bearish impulse. Invalidation level is at...

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We believe that new correction on EURUSD has started, but of a larger degree, which means that rally can lift prices even back to 1.1200 area, before larger downtrend resumes. more details >> www.ew-forecast.com

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GOLD: Ending Diagonal Suggests For Bounce From New Low. More details www.ew-forecast.com

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Crude oil is in strong impulsive downtrend from 107.50 that appears incomplete as impulses are five wave pattern, but latest decline from around 96 looks like an extended wave 3 that could be looking for a support around current levels, or at 72.00, We believe that new corrective wave 4 will occur by the end of the year details: www.ew-forecast.com

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On the weekly chart we are still look at incomplete big three wave decline. We see wave V now in action towards $13-$14 in months ahead. source: www.ew-forecast.com

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Gold has recovered up to 1320-1342 resistance area that we highlighted it several times in our past updates. We also noted that bearish reversal could be near if we consider a double zigzag from the low. Well, market fell very sharply in this week through the lower support line of a corrective channel that suggests a completed wave (b). With that said further...