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Thread: FOREX Recommendations and Analysis -- Discussion --

      
  1. #161
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF technical analysis for March 26, 2013



    The price is probably going to form a strong support at 0.9445 (0.9441: 61.8% of Fibonacci retracement levels in the M15 to H1 chart). The saturation is likely to take place around 0.9445. Therefore, it is possible that the market will start showing the signs of a bullish behaviour. The daily pivot point is set at the level of 0.9444. In other words, buy deals are recommended above 0.9445 with the first target seen at 0.9500 level and further at 0.9550 level.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    GBP/USD: Intraday technical analysis for March 28, 2013

    Overview:
    GBP/USD: The trend movement was controversial as it took place in a narrow sideways channel. Taking into account the previous events, the price is still between the levels 1.5160 and 1.5110, so it is recommended to be cautious while making deals in this area. Therefore, it is necessary to wait till the sideways channel is passed through. Then, the market will probably indicate the signs of a bullish trend. In other words, BUY-deals are recommended higher than 1.5090 level with its first target at level 1.5165. From this point the pair is likely to begin the ascending movement to the point 1.5190 and further to the level 1.5220. However, if the pair fails to pass through the level 1.5220, the market will indicate a bearish opportunity below the strong resistance level 1.5220. In this regard, SELL-deals are recommended lower than the 1.5220 level with the first target of 1.5150. It is possible that the pair will turn to downward movement continuing the development of the bearish trend to the level 1.5090 in order to form triple bottom.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CAD: Trading recommendations for March 28, 2013



    Trading recommendations:

    USD/CAD: If the trend is not able to break and close above the level of 1.0300, then it will be a downside momentum, which is rather convincing and the structure of the fall does not look corrective, for that the market will indicate a bearish opportunity at 1.0280. Hence it will be a good sign to sell at this level in order to continue downward towards 1.0280 on H4. Thus, according to previous events, the price has still been trapped between 1.0225 and 1.0200.

    Buy above 1.0070 (a strong support has been set for three weeks) with targets at 1.0175 and then 1.0260. Below 1.0280 (a strong resistance has been set for two days) look for further downside with a target of 1.0080.
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  4. #164
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    S?p d?n 1/4 r?i, các b?n c?n th?n kéo an cá tháng 4 nhé.
    Chúc di?n d*n ng*y m?t m?nh m?.
    Thân m?n.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF technical analysis for April 2, 2013

    Intraday technical levels:
    The price is probably going to form a strong support at 0.9400 ( 236% of Fibonacci retracement levels in the M15 to H1 chart).
    The saturation is likely to take place around 0.9400.
    Therefore, it is possible that the market will start showing bullish signs. The daily pivot point is set at the level of 0.9455.
    In other words, buy deals are recommended above 0.9400 with the first target seen at the 0.9500 level and further at the 0.9550 level.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    NZD/USD: technical analysis for April 2, 2013

    Overview:
    The NZD/USD pair (Kiwi Dollar) continues its movement straight from 0.8300 (at H4 chart 38.2% of Fibonacci retracement levels, as well it is probably going to retest it again). Therefore, the Kiwi has shown signs of strength following the break of the highest level of 0.8300, so it will be a good sign to buy above the level of 38.2% of Fibonacci retracement levels on H4 chart (strong support) with the first target of 0.8400 and further to 0.8450 (it will act as a strong resistance for that it is going to be a good place to take profit, it also should be noted that this level of taking profit will coincide at 78% of Fibonacci). However, in case reversal takes place and the NZD/USD pair breaks through the support level of 0.8350, the market will lead to further decline to 0.8310, in order to indicate a bearish market.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    EUR/JPY technical analysis (Euro/Yen long-term period) for April 4, 2013



    Overview:
    It should be noted that the price is still trapped between 123.20-122.76 and it has been set below strong resistance at the level of 126.00. EUR/JPY's subsequent sharp fall suggests that decline from 126.00 a month ago had resumed to 122.20 (strong support). The pair has already formed a strong resistance at the level of 126.00 and it is now approaching it in order to test it. Therefore, the fact that the yen will move downwardly is rather convincing. The structure of the fall does not look corrective. It is likely to indicate a bearish opportunity below 126.00 (you should keep in mind that the weekly pivot point is at 122.40). It will be a good sign to sell below 126.00 with the first target at 124.30 and it will call for downtrend to continue moving towards 122.40 (around 50% of Fibonacci retracement levels in the H4 chart).
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    EUR/USD weekly technical levels for April 8-12, 2013



    Note:
    Use the M15 time frame to determine the low and the high price of today, yesterday or the day before yesterday, because it is more precise.

    The best indicator to use in this case is ZigZags indicator. In order to be able to insert ZigZag in your chart, you should follow this way on your MetaTrader 4 or 5, then you can click on the third tap: Insert/Indicators/Custom/ZigZag.
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CAD technical analysis for April 10, 2013
    2013-04-10


    Forecast:
    Long buying above 1.0070 for the short term with the first target at the level of 1.0125 then it will resume towards 1.0200 as the second target. A stop loss should be placed below the strong support at 1.0015.



    Overview:
    USD/CAD: History will probably repeat itself at this level again. When the trend is not able to break and close above the level of 1.0300, then it will be a downside momentum, which is rather convincing and the structure of the fall does not look corrective, for that the market will indicate a bearish opportunity at 1.0280 (it should be noted that the key level is at 1.0280). Hence it will be a good sign to sell at this level in order to continue downward towards 1.0280 on H4. Thus, according to the previous events, the price has still been trapped between 1.0225 and 1.0200. Buy above 1.0070 (a strong support has been set for three weeks) with targets at 1.0175 and then 1.0260. Below 1.0280 (a strong resistance has been set for two days) look for further downside with a target of 1.0080.
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF technical analysis for April 11, 2013



    Overview:
    The price is probably going to form a strong support at 0.9260 (below 00% of Fibonacci retracement levels in the H1 chart, it is formed the last bearish wave for the last week). The saturation is likely to take place around 0.9260 because this level also forms the first strong support for April 8-12, 2013. Therefore, it is possible that the market will start showing bullish signs. The daily pivot point is set at the level of 0.9394. In other words, buy deals are recommended above 0.9260 with the first target seen at the 0.9310 level and further at the 0.9390 level. Therefore, it should be noted that in the point of 0.9394 a strong resistance (it is the weekly pivot point).

    Weekly technical levels:
    R3: 0.9692, R2: 0.9609, R1: 0.9477
    PP: 0.9394
    S1: 0.9262, S2: 0.9179, S3: 0.9047
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    GBP/USD weekly technical levels for April 15-19, 2013



    Forecast:
    The first weekly resistance will be formed at a strong level for short selling of 1.5416 (it should be noted that the level of 1.5452 is going to form a peak level this week because it was the top point of last week, therefore it could form a double top) with the first target of 1.5327 (the weekly pivot point for April 15-19, 2013), it might resume to 1.5240. A stop loss should be placed above resistance at 1.55.
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    NZD/USD technical analysis for April 16, 2013



    Forecast:
    NZD/USD: According to the previous events, the price is still between the levels of 0.8450 and 0.8485. The descending movement will probably be lower than 0.8885 (on the ratio 61.8% of Fibonacci retracement levels) with the first targets at 0.8500 and 0.8433. Buy deals are recommended above 0.8380 with targets at 0.8480 and 0.8550.

    Notes:
    Trend: Upward (the trend still calls for a bullish market). Range: 165 pips (weekly). Resistance: 0.8550 (sell below this level). Support: 0.8380 (buy above this level for retesting this level for a short period).
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    Weekly technical levels for April 22 - 26, 2013
    2013-04-22




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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF technical analysis for April 26, 2013

    Overview:
    The price is probably going to form a strong support at 0.9392 (above 61.8% of Fibonacci retracement levels in the H1 chart, it is formed the last bearish wave for the last week and the level of 0.9382 acts as strong support). The saturation is likely to take place around 0.938 because this level also forms the first strong support for April 22, 2013. Therefore, it is possible that the market will start showing bullish signs. The weekly support 3 is set at the level of 0.9520. In other words, buy deals are recommended above 0.9392 with the first target seen at the 0.9450 level and further at the 0.9515 level. Thus, it should be noted that the level of 0.9520 is a strong resistance (weekly support 3).

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    EUR/USD: Intraday technical analysis for April 26, 2013

    Overview:
    The EURUSD's support had been broken and it was turned to resistance around the price of 1.3090 yesterday. Therefore, the pair has already formed a strong resistance at 1.3090. Moreover, after it could close above 1.3100 and the pair started signing for bullish market, it should also be note that the price has still been trapped between 23.6% Fibonacci Retracement levels and 38.2%. As well the RSI and the last strong support (around the double bottom (1.2970) on H1 chart) are still calling for uptrend at this level. So the market indicates a bullish opportunity on the level of 1.2970 on the H1 chart with a first target of 1.3080 (the weekly pivot point: 1.3084), and continues towards 1.3100 today. However, in case reversal takes place and the EUR/USD pair breaks through the support level of 1.2970, the market will lead to further decline to 1.2880.

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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CHF technical analysis for May 2, 2013



    Overview:
    The price is probably going to form a strong support at 0.9210 (below 38.2% of Fibonacci retracement levels in the H1 chart. It formed the last bearish wave for the last three weeks and the level of 0.9210 acts as strong support. The saturation is likely to take place around 0.9210 because this level also forms the first strong support for April 17, 2013. Therefore, it is possible that the market will start showing bullish signs. The weekly support 2 is set at the level of 0.9210. In other words, buy deals are recommended above 0.9290 with the first target seen at the 0.9320 level and further at the 0.9350 level. Thus, it should be noted that the level of 0.9350 is a strong resistance (Note: support had become resistance as well as the ratio 61.8% of Fibonacci equals 0.9359).
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    GBP/USD: intraday technical analysis for May 2, 2013



    GBP/USD:
    Resistance:1.5611 (sell below this level).
    Support: 1.5517 (buy above this level for retesting this level for a short period).

    Trading recommendations: (intraday) According to the previous events, the price is still between the levels of 1.5520 and 1.5580.

    The descending movement will probably be lower than the 1.5615 level with the first targets at 1.5560 and 1.5518. Buy deals are recommended above the 1.5510 level with targets at 1.5580 and 1.5610.
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    USD/CAD technical analysis for May 8




    Overview:
    The market is continuing to show the signs of strength following the break of 1.0110 (red horizontal line in the chart). USD/CAD's support was broken and turned to resistance of yesterday (May 7, 2013). The pair has already formed a strong resistance at the level of 1.0110. So, the market indicates a bearish opportunity at the level of 1.0110 with the first target of 1.0080 and continuation towards 1.0015. However, if the trend fails to break this level and closes below 0.9940, then an upside momentum is rather convincing and the structure of the rise is not corrective. The market will indicate a bullish opportunity at 0.9940. Hence it will be a good sign to buy at this level with a first target at 1.0050. Then it will continue towards 1.0120 in order to retest the support.
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    EUR/JPY technical analysis for May 8, 2013



    Overview:
    The EUR/JPY's subsequent sharp fall suggests that a decline from 130.80 a month ago had resumed to 126.00 (strong support). The pair has already formed a strong resistance at the level of 130.80 and it is now approaching it in order to test it. Also it should be noted that the price is still trapped between 126.20 and 130.80 and has been set below strong resistance at the level of 130.80. Therefore, the fact that the yen will move downwards is rather convincing. The structure of the fall does not look corrective. It is likely to indicate a bearish opportunity below 130.80 (you should keep in mind that the weekly pivot point is at 128.45). It will be a good sign to sell below 130.80 with the first target at 129.50 and it will call for downtrend to continue moving towards 126.56 (around 61.8% of Fibonacci retracement levels in the H4 chart.
    Furthermore, it should also be said that the price at 126.00 will probably form a double bottom and call for a strong support. So it will be saturation around 126.20 to rebound the pair. The market might also be going to start showing the bullish signs. In other words, it will be a good sign to buy above 126.00 with the first target of 129.00 and continue towards 130.80.
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    Default Re: FOREX Recommendations and Analysis -- Discussion --

    GBP/USD technical analysis for May 10, 2013



    GBP/USD: Resistance:1.5630 (sell below this level). Support: 1.5500 (buy above this level for retesting this level for a short period). Trading recommendations: According to the previous events, the price is still between the levels of 1.5580 and 1.5610. The descending movement will probably be lower than the 1.5630 level with the first targets at 1.55905 and 1.552. Buy deals are recommended above the 1.5500 level with targets at 1.5570and 1.5625.
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