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USDCAD MAY SEE 1.3400

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Indicator, rectangle.
USDCAD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is neutral.
  • The Stochastics is rising.
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killer195175_reborn avatar

UPDATE-1
The uptrend on the daily chart is quite strong. The pullback is over it seems. The pair has just broken the neckline of the short-term double bottom pattern. Now the test of 1.3350 looks imminent. All things are pointing towards 1.3400. Let us see what happens next.

killer195175_reborn avatar

UPDATE-2
The pair is on the move. it appears to be following a channel. The channel extends up to 1.3380. The pair will be supported by the rising channel support and the RSI and MACD are bullish. So I am expecting a move towards 1.3400.

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GBP/AUD is bearish and fall further

GBP/AUD is likely to fall further. The pair fall after touching the upper channel line and likely will move down towards the lower channel line.
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USD/PLN is moving inside a channel

USD/PLN is moving inside a falling channel. The pair is likely to bounce up from the lower channel line towards the upper channel line.
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FTSE Index will move higher

Chart Analysis
GBR FTSE index will move higher. The index is tracing the wave 1 of the 1-2-3-4-5 Impulsive Elliot Waves. The index has been on upside and has traced other bullish impulsive Elliot Waves.
Indicators Readings
SMA50 and SMA200 in day chart are both above the price and are rising.
ADX9 in day chart is at 31 and show strong trend.
Fibonacci Expansion Levels are
100% (8275.67)
61.8% (7900.01)
Fibonacci Retracement Levels are
0% (7597.26)
23.6% (7364.44)
38.2% (7220.42
50% (7104.01)
61.…
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mrlfx avatar
mrlfx 19 Jan.

mrlfx avatar
mrlfx 19 Jan.

FTSE has risen sooner than expected and is now correcting.

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USA Tech Index just breakout from a traingle Pattern

Chart Analysis
USA Tech Index just breakout from an ascending triangle pattern. The index is expected to further move upside.
Indicators Readings
SMA50 and SMA200 in day chart are below the price and rising.
ADX9 in day chart is at 28 and shows strong trend.
Fibonacci expansion Levels are
100% (6657.06)
61.8% (6500.14)
Fibonacci Retracement Levels are
0% (6420.56)
23.6% (6323.60)
38.2% (6263.64)
50% (6215.16)
61.9% (6166.69)
100% (6009.76)
Day Chart
Week Chart
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USA30 Index is likely to consolidate

Chart Analysis
USA30 Index has traced the 1-2-3-4-5 Impulsive Elliot Waves and is likely to consolidate in near future. The pair is supported by a rising trendline.
Indicators Readings
Sma50 in day Chart is below the price and rising.
Sma200 in day chart is below the price and rising.
ADX9 in day chart is at 42 and shows a strong trend.
Fib Retacement Levels are
0% (24322.67)
23.6% (23725.89)
38.2% (23356.70)
50% (23058.93)
61.8% (22759.93)
100% (21793.97)
Day Chart
Week Chart
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USA500 Index to continue bull rally with the tax Bill

Chart Analysis
USA 500 Index is on a bull rally and is expected to continue with tax bill already passed. The index is moving inside a rising channel that is increasingly steeper.

Indicators Readings

SMA50 in day chart is below the price and is rising steeply.
SMA200 in day chart is below the price and is rising steeply.
ADX9 in day chart is 48 and is in strong trend.
Fibonacci Expansion Levels are
100% (2734.37)
61.8% (2666.94)
Fibonacci Retracement Levels are
0% (2596.67)
23.6% (2555)
38.2% (…
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mrlfx avatar
mrlfx 19 Jan.

mrlfx avatar
mrlfx 19 Jan.

USA500 index has accelerated rising but is likely to reverse abd fall.

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USD/MXN is likely to bounced from the 50% FIBLevel

USD/MXN is likely to bounce from the fibonacci retracement level 50% (18.4686) and move up. SMA200 is also acting as a support for the pair.
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EUR/USD is likely to resume its bullishness

EUR/USD is trying to resume its bullishness. The pair has cleared the 1.1880 level to confirm the bullish bias. The pair is tracing the wave 2 of the 1-2-3-4-5 Impulsive Elliot Waves.
Major Support and Resistant Levels are
1.2236
1.2094
1.1978
1.1880
1.1562
Day Chart
Week Chart
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EUR/NZD is rising insde a channel

EUR/NZD is rising inside a rising channel. The pair has traced a series of 1-2-3-4-5 Elliot Waves. The pair is again tracing the wave 3 of the 1-2-3-4-5 Impulsive Elliot Waves.
Major Support and Resistant Levels are
1.7990
1.7567
1.7192
1.6660
1.6149
1.5481
1.5176
1.4629
Day Chart
Week Day
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