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junjie_s

USDCAD has been trading in a consolidating range this week, forming a triangle pattern. With USDCAD shooting up so fast within a short period of time, a consolidation after a retracement is not unexpected. Furthermore, as Oil prices recovered 30% this week, the Canadian Dollar's weakness has been put on hold temporarily. This week, our focus will be on the OPEC...

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EURUSD unexpectedly shot up this week recovering 5 days of losses due to the dollar finally pulling back after a surge. As EURUSD has reached a supply zone, we are expecting it to pull back slightly first before deciding on a direction. With this week's economic data releases to be focused on USD, we will wait to see if the immediate demand zone can be supported...

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USDCAD has faced strong resistance at 4 - years high and has been falling since. This is mainly due to the Dollar falling due to QE being relaunched. However, with such a large uptrend, a technical pullback is inevitable. This week, we are expecting price to reach previous demand zone. Should price be supported here, it would be a good buy opportunity, as Crude...

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USDCAD continued its uptrend after finding support on market opening. This is largely due to rapidly falling oil prices, to several years low. Before closing this week, USDCAD was resisted at 4 year high, and has begun a technical retracement downward, along with the DXY undergoing retracement. This week, we are expecting USDCAD to continue rising, at least to...

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EURUSD has been bearish for the second consecutive week, breaking previous low. Fundamentally, EUR has had a weaker economy in comparison to US with a stagnating economy. Furthermore, with ECB injecting an additional 750B Euros into the market in form of quantitative easing, the European Dollar has been sent spiraling down. Upon Friday's closing candle, there...

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GBPUSD Failed to create higher highs upon USD weakness, and begun its tumble when the Dollar began to strengthen. GBPUSD is currently headed to 3 years demand zone, back to the lowest level since Brexit. As Pound's closing candle is still bearish, we are expecting GBPUSD to fall further this week before finding support. Look for buy opportunities if price gets...

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USDCAD has been rising ever since a break out of it's 8-month channel. Price gapped this week, breaking strong resistance, due to oil prices falling to a 4 year low. USDCAD has broken several points of resistance, before retracing and finding support at 3 year demand zone. With BoC cutting interest rates to 0.75% yesterday, USDCAD is likely to gap again, or...

junjie_s

USDCAD broke out of a channel in the recent 2 weeks and has found support at 1.3322. With how weak USD was this week, USDCAD still continued it's uptrend after finding support. As BoC had recently cut interest rates by 50bp, and also with oil prices breaking lows, we are expecting USDCAD to continue rising. First resistance in sight would be the supply zone at...

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EURUSD has been on a steep uptrend for 2 consecutive weeks, breaking supply zones and key price 1.2000. Even though Eurozone's economy has been stagnated and slowing down, the main reason for the steep bull run is due to the FED emergency rate cut. This caused widespread panic and uncertainty causing the Dollar to plunge even further. However, US data posted...

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EURUSD has been rising for 6 consecutive days, with the Dollar undergoing retracement. However, we have seen signs of support on the Dollar, and this may mean that EURUSD's bull trend has come to an end. Fundamentally, the Eurozone economy has been slowing down, with growth rates confirmed to be at a 7-year low. Germany, being the largest economy in the Euro is...

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As previously mentioned, GBPUSD has been undervalued for a period of time due to Brexit. GBPUSD has then been trading in a downward wedge since December 2019, and price is currently at a significant support zone, at the bottom of the wedge. This would prove to be a good opportunity to buy GBPUSD, with SL below the wedge at 1.2840, TP levels at 1.3025, 1.3200.

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EURUSD has been falling since the start of February, and has finally found support and consolidated at 34-Months Demand zone. EURUSD then shot up after US PMI figures came below expectations with Coronavirus affecting productions. As we are expecting EURUSD to recover from it's deep plunge, and with the Dollar being overbought, this is a good opportunity to buy...

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EURUSD continued its downtrend this week and has broken 4-months low. This is due to the Euros weakening due to GDP slowing down, and also the Dollar has been rising consecutively for a week. However, with the EURUSD breaking lows and falling for 10 consecutive days, it is currently oversold and we are expecting a retracement to occur soon. With the breaking of...

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EURUSD has completed 3 waves of bearish trend over the past 2 months, with USD strengthening and climbing. As we are expecting a pullback from the Dollar, and with EURUSD being oversold at the moment, await a retracement back to previous support levels for sell opportunities. Depending on the price action during the pullback, we are looking at first level 1.0956...

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The Dollar has been strengthening in response to positive data last week, breaking November's high. This has caused GBPUSD to plummet, breaking rising trendline and also key price 1.300. We are expecting GBPUSD to continue falling this week, await a pullback to previous broken supply zone for sell opportunity. Price range 1.300 - 1.2955

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EURUSD has found support at 3-month demand zone formed at the level where 4 month falling channel was broken. Price shot up sharply after finding support , post-FOMC statement as USD kept rates unchanged as anticipated. This week, we are expecting dollar to fall further, thus a recovery for EURUSD. Await a retracement back to 1-month demand zone at 1.10711 - 1.10544

junjie_s

EURUSD has been falling for a month, with price reaching 3-month demand zone soon. With FOMC statement coming up this week, the market will be watching the tone of Fed, with rates expected to be unchanged. Depending on which direction price moves from here, we will be looking for sell opportunities if price retraces back to 1-month demand zone, or, buy...

junjie_s

AUDUSD recently broke out of a 21-month falling channel and has been undergoing retracement for 3 weeks. Price has currently formed a harmonic pattern into demand zone at fibo level .886. Furthermore, if price is supported at this level and starts a bullish trend, it will form the last leg of a Bat Pattern.