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pepy
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Everything posted by pepy
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Bullish engulfing pattern formed and also it seems RSI and Stochastic which both are leading indicators rise to level 56 and level 60 respectively. EMA100 still below the candle, and price break the parabolic SAR and it switch to below the candle. If the price able to break the current resistance then this pair may rise up to around level 1.0753
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After successfully rose above the resistance level of 16.530, silver is now hoping to get to the next level at 16,650 and then towards 16.790. RSI, Stochastic, Parabolic SAR and MACD are all bullish, considering the current condition the price may do that. But if the price drops back below 16.530, silver is likely to fall to the support level of 16.260
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On H1 chart it seems that CADJPY downside movement seems stuck on support level at 87.65 even before formed a bearish engulfing pattern, this one supported by RSI and Stochastic which both fall down towards level 45 and level 39 respectively, my prediction is if price is not able to pass through support level then this pair will bounce back to pivot at 88.03.
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Strengthening GBPUSD according to predictions will be captured and returned depressed today. Not to mention Parabolic SAR is above the candle and EMA100 still above the current candle too. Current price try to break the support at 1.2345, if this pair broke it then there is potential of downside towards the next support at 1.2275. So vote for SELL.
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A sharp movement this morning is clearly to be seen. Based on H1 chart, GBPJPY break the pivot line at 114.36 during early session. This movement also supported by RSI and Stochastic also Parabolic SAR which all give a bearish signal. The bearish channel still gives GJ to continue its bearish sentiment, so the price may still able to fall at 143.09
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Price successfully break the support level and closed below pivot. EURJPY on H1 chart also observed to formed a bearish engulfing pattern which help this. RSI, Stochastic, EMA100, and Parabolic SAR all formed a bearish signal indicated the further bearish sentiment. Based on my analysis this pair has chance to reach the next support at 122.10
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EURGBP this morning hampered by the resistance at 0.8539 since this pair also formed a bullish engulfing pattern which successfully break the cycle to arrive meet the resistance, if break it will rise to around the next resistance at 0.8567 but if failed will drop to around the pivot line at 0.8509 again based on H1 chart analysis.
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Stochastic oscillator has shown overbought position for EURUSD while Relative Strength Index rise towards 69 near overbought position too. The movement is currently under resistance at 1.0527 and seems have tendency to break it but i suspect it will fail and EURUSD will turn around after failed towards the pivot line at 1.0417. So i will vote SELL for the movement of EU today.
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Based on 4 hour chart EURAUD looks like it failed to hold above the resistance level at 1.4445 with formation of shooting star which indicated the bearish reversal, consequently prices turned lower and potentially lead back towards the pivot line at 1.4387 with the possibility of continuing to support level at 1.4346 or lower.
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Based on 1 hour chart, it seems that the current price is bouncing up and tried to rise above the first support level at 84.90 again. This testing will likely to be successful, considering most indicators are bullish, and my prediction for this pair is If the price managed to close above first support then this pair will rise back towards the pivot line at 85.27 or higher.
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Hammer and also small bullish candle already enough to see there is bullish indication of AUDCHF, the price is testing the pivot level at 0.7407 where the price at bullish channel and supported by RSI, Stochastic, and above EMA100. If the price is able to rise above pivot then it has potential could evolve toward next resistance at 0.7464.
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Based on H1 chart it seems that strengthening Gold today started since the opening of the market. Now the price is already below the second resistance level at 1174.01 and trying to break it. This sentiment seems to be supported by RSI, Stochastic, and Parabolic SAR but MACD is not. Prices likely to continue to rise to 1178.70
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There is a downside potential of movement GBPCHF this morning, but the movement seems to be held back by the support level 1.2550. If the candle is able to pass through this support level, then the downward movement could lead to the level of 1.2532, but if the price is not capable of passing support, the price likely to be bouncing up.
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It seems a strong sentiment supported the movement of this pair, on H1 chart the price weakening deeper but hampered by the second support line at 116.36. RSI and Stochastic both observed to fall around level 34 and level 50 respectively. If USDJPY's price able to break that line and closed below, this pair may even fall towards the next support at 116.25.
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Failed to break the support level at 1.0174, USDCHF on h1 chart bounce back in correction. But the movement still inside of the bearish channel so there is still few chance for this pair to fall down once again and test the support back. If the price on this chart able to break that support then it may fall even towards the next support at 1.0142
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Based on 1 hour chart it seems that USDCAD seems to have a chance to fall down, this downward trend also supported by a shooting star pattern which formed. With the price which is still moving inside the bearish channel the price has chance to fall deeper. It has potential to break the support at 1.3236 and even up to 1.3171
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The inability of prices to rise above pivot level, resulting in prices move down this morning, following the bearish engulfing pattern formed. If this pattern is followed, then the price of USDCHF has the potential to fall towards support level at 1.0233. However, if price is able to rise above the pivot level, it will open the opportunity to strengthen resistance at 1.0303 or higher.
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GBPCHF is currently testing pivot level at 1.2798, if it is able to pass through it in accordance with the bearish sentiment, then the price could fall to as low as the second support at 1.2718. This downtrend also supported by RSI which fall to level 45 and Parabolic SAR which formed lower lows formation also Stochastic which fall to level 45.
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The downward movement today following the shooting star pattern which formed after the peak of bullish sentiment and now the price is testing support level at 117.46. The price is also moving beneath EMA100 and Parabolic SAR. If this level is able to break that support , then the downward movement could easily lead to next support at 116.99.
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Based on 1 hour time frame chart it seems that USDCAD today playing below the pivot level. Flat channel / rectangle formed on this chart today followed by small tendency to rise, at mid term there is a tendency for the pair to rise up through pivot level at 1.3379 and towards the next resistance 1.3423, considering that most other indicators are bullish leaving only Stochastic with bearish signal.
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It seems that the price fall down and closed below the support at 85.51 and at the same time Parabolic SAR is still moving above the current candle accompanied by RSI and Stochastic which both are bearish, only MACD which formed lower high indicated a bullish signal. There is big potential that AUDJPY may fall deeper further to at 84.92 which is next support.
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Until this afternoon, it seems that AUDCHF movement appears to be still flat, but the movement is within the bearish channel pattern, then this pair is still likely to weaken to support level between 0.7450 to 0.7410. This weak movement supported by RSI, EMA100, and Parabolic SAR which signalling bearish but MACD and Stochastic are both bullish opening another scenario to close above the pivot level at 0.7520.
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Gold based on 1 hour time frame chart rose slightly on a bullish channel today. The price seems to rise up to around the resistance at 1141.41 and may continue to rise higher. MACD is forming higher high while Parabolic SAR is moving above the price and RSI rise to level 56 but Stoch fall to level 33. In mid term, this pair may fall to the pivot if failed to do that at 1133.62
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This morning EURAUD based on 1 hour time frame chart is still moving and tend to be flat. But it still looks bullish potential with the formation of bullish engulfing pattern also with RSI(14), Stochastic(5,3,3), MACD(12,26,9) also Parabolic SAR formed bullish signals for this pair. Prices may climb to resistance at 1.4390 and next towards 1.4472.
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Even the movement of this pair is weak, but EURUSD still under bullish tendency right now, the situation near christmas and new year eve starts to affect the market, where start from next weekend to the early week of new year this pair tend to be flat. Right now RSI and Stochastic both rise indicated bullish signal, MACD formed higher high position, so for today i will vote for BUY.