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  1. Nikkei 225 Technical Analysis

    by , 05-20-2018 at 08:59 AM
    The Nikkei 225 is right in the middle of an uptrend channel that it looks quite foolish to bet against for now. The channel itself is an extension of the Tokyo stock benchmark's long, consistent rise up from the lows of late March. It probably gives us more usable clues than would a broader band encompassing all trade since that date, as it has seen more tests of both the upside and the down.

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    That upside now comes in above the market at ...
  2. GBP/USD Technical Analysis: ranging for direction of the strong trend to be started

    by , 04-07-2017 at 06:30 PM
    Bulls of GBP/USD will be encouraged by a well-defined pennant formation on the daily chart (see below), a continuation pattern that points to further strength after the pair’s climb from 1.2113 on March 14 to 1.2613 on March 27. If the formation works as it should in theory, a break to the upside above 1.2465 in a few days’ time could lead to an advance equivalent to the height of the “flagpole” – that five-big-figure advance between March 14 and March 27 – taking it to 1.2965.

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  3. NZD/USD Technical Analysis: Support 0.7802, 0.7682, 0.7525 and Resistance 0.7937, 0.8034, 0.8109

    by , 11-24-2014 at 10:20 PM
    • NZD/USD Technical Strategy: Short at 0.7909
    • Support: 0.7802, 0.7682, 0.7525
    • Resistance:0.7937, 0.8034, 0.8109

    The New Zealand Dollar may have resumed the down trend against its US namesake after prices violated the series of higher highs and higher lows set from early November. A daily close below the 14.6% Fibonacci expansion at 0.7802 exposes the 0.7682-96 area marked by the July 2013 bottom and the 23.6% level. Alternatively, a turn above the 23.6% Fib retracement at 0.7937 opens ...
  4. Technical Analysis: USDJPY signs of a major top, AUDUSD reverses at year open and GBPUSD bear channel development

    by , 10-13-2014 at 12:03 AM
    EUR/USD
    Weekly



    -“In keeping with the 3 year cycle tops (2008, 2011, and 2014), EURUSD has collapsed. While the long term wave count points below 1.1875 (and to parity), one cannot ignore how extreme the current situation is and how long that extreme has been in place. Since the inception of the EURUSD, the rate had declined for 8 consecutive weeks once ...
  5. Technical Anaslysis for EURUSD, USDJPY and GOLD (XAUUSD) - Euro Volume & Sentiment Becoming Worrisome

    by , 09-23-2014 at 06:57 AM
    Talking Points

    • EUR/USD turnover failing to confirm recent drop
    • Gold nearing key support zone
    • USD/JPY touches important long-term trendline

    USD/JPY


    • USD/JPY reached new multi-year extremes late last week before stalling near a key long-term trendline connecting the 2002 & 2007 peaks around 109.50
    • Our near-term trend bias remains higher in USD/JPY while
    ...
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