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Major pairs Technical analysis

Discussion in 'Signal Service' started by pipexch, Oct 16, 2015.

  1. pipexch

    pipexch ECZ Member

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    In this forum, I will be analyzing major pairs and posting them here, anyone can give their views or analysis on the major pairs here! I will start by analysing
    Technical analysis of GBP/CHF for October 16, 2015
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    Technical outlook and chart setups:

    The GBP/CHF pair is approaching its Fibonacci 0.618 resistance of the drop from the 1.4900/50 to 1.4550/60 levels. Besides, the 50-day moving average seems to be passing through the 1.4750 levels, which could provide resistance. The pair should remain in control of bears until prices stay below the 1.4950 levels at least. It is hence recommended to remain flat for now and look to short around the 1.4775 levels with risk at 1.4950. Immediate support is seen at 1.4550 (interim), followed by 1.4400 and lower, while resistance is seen at the 1.4800 levels (interim), followed by the 1.4900/50 levels and higher.

    Trading recommendations:

    Remain flat for now and look to go short around 1.4775.
     
  2. pipexch

    pipexch ECZ Member

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    Technical analysis of EUR/JPY for October 16 2015

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    Technical outlook and chart setups:

    The EUR/JPY pair has dropped to expected levels around the 135.00 levels for now. Besides, please note that the Elliott channel is also passing through the 134.80 levels, which could provide the necessary support and bounce. It is hence recommended to initiate 50% long positions at current levels and the remaining, around 134.70/80 levels if prices manage to reach it. Immediate support is seen around the 134.50 levels, followed by 133.00 and lower, while resistance is seen at the 137.00 levels, followed by 138.00/139.00 and higher.

    Trading recommendations:

    Initiate long positions between 134.75 and 135.10, stop is at 134.00, target is open.
     
  3. pipexch

    pipexch ECZ Member

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    Technical analysis of NZD/USD for October 16, 2015

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    Overview:

    The NZD/USD pair will continue moving straight from the price of 0.6770 (38.2% of Fibonacci retracement levels) on the daily chart. It has already formed a double bottom at the level of 0.6770; therefore, the kiwi is showing signs of strenght following the break of the highest levels of 0.6770 and 0.6825. So, it will be a good sign to buy above the level of 0.6825 with the first target of 0.6950 in order to retest the weekly resistance 1. If the trend breaks this strong resistance at the level of 0.6950, the pair will go further to 0.6983. The price of 0.6983 will act as strong resistance, it is going to be a good place to take profit this week. This level of taking profit will coincide with the last bullish wave. However, in case a reversal takes place and NZD/USD breaks through the support level of 0.6812, the market will lead to further decline to 0.6766 in order to indicate its bearish market in coming days.
     
  4. pipexch

    pipexch ECZ Member

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    Technical analysis of AUD/USD for October 16 2015

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    The AUD/USD pair is currently trading just below the technical resistance at the level of 0.7384 after bouncing from the support at the level of 0.7198. The next resistance is seen at the level of 0.7438.
     
  5. pipexch

    pipexch ECZ Member

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    GBPNZD Technical Analysis:
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    Analysis :

    Rising Wedge identified at 07-Sep-05:00 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.8145 within the next 17 hours.
     
  6. pipexch

    pipexch ECZ Member

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    CADJPY Technical Analysis
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    Analysis :

    Rising Wedge identified at 07-Sep-05:30 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 89.7940 within the next 15 hours.
     
  7. pipexch

    pipexch ECZ Member

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    NZDJPY Technical Analysis
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    Analysis :

    Descending Triangle identified at 06-Sep-04:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 78.1760 within the next 21 hours
     
  8. pipexch

    pipexch ECZ Member

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    GBPUSD Technical Analysis:
    [​IMG]
    Analysis :

    Channel Up identified at 06-Sep-04:30 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2908 within the next 2 days
     
  9. pipexch

    pipexch ECZ Member

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    GBPJPY Technical Analysis
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    Analysis :

    Falling Wedge identified at 06-Sep-02:00 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 141.1530 within the next 23 hours.