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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; EUR/USD is stuck around 1.1250 and formed a shooting star candlestick on the daily time-frame around that level, maybe we ...

      
   
  1. #281
    Senior Member mlawson71's Avatar
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    EUR/USD is stuck around 1.1250 and formed a shooting star candlestick on the daily time-frame around that level, maybe we will see another move south as a part of the consolidation.

  2. #282
    Senior Member mlawson71's Avatar
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    This is the problem with sideways consolidations, signals in the middle of it often prove false. The EUR/USD move up clearly continues.

  3. #283
    Senior Member mlawson71's Avatar
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    USD/CAD found some support at 1.3020 and is currently moving to the upside in a correction. I think it may reach 1.3100.

  4. #284
    Senior Member mlawson71's Avatar
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    EUR/USD rebounded from 1.1200 yet again after it formed an inverted hammer candlestick on the four-hour time-frame around that level. It'll probably rally back to 1.1250.

  5. #285
    Senior Member mlawson71's Avatar
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    EUR/USD is forming something of a correction after it dropped to 1.1200, I think after that it may retest that level.

  6. #286
    Senior Member mlawson71's Avatar
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    The sideways consolidation continues and it looks like it won't end this week.

  7. #287
    Senior Member mlawson71's Avatar
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    As I though, EUR/USD closed at 1.1220. The consolidation lasted this week too, hopefully next week we finally see a breakout.

  8. #288
    Senior Member mlawson71's Avatar
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    EUR/USD finally broke out below 1.1200 and is currently testing 1.1150, I think after a short correction it should continue depreciating.

  9. #289
    Senior Member mlawson71's Avatar
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    The move south is slowly developing but it is yet to break out below 1.1100, it may not be able to this week.

  10. #290
    Senior Member mlawson71's Avatar
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    EUR/USD dropped to 1.1100 after the fundamentals but then bounced off from that level and we're left with another whipsaw, as usual.

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