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Forex market reviews

17 December 2015

Analyst Contest

Analyst Contest participant

Analyst Contest participant

Pair: EUR JPY Bearish momentum

WALE O. STEVEN, participant of the Analyst Contest Indicator – Stochastic Strategy; Candlestick pattern/ Chart pattern/ breakout/ trend following Price fail to test and break the high of 14/12/2015 which is 133.515, given us signal to go short as the bears are preparing to take more charge.
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14 December 2015

Analyst Contest

Analyst Contest participant

Analyst Contest participant

USDCAD (Technical Analysis) - The Bullish Intact

In the Last three year this pair doesn’t have any sign of weakening . In early 2014 The pair make significant Breakout and Pulback on 4 year average highest fractal Level. This Bullish movement is also confirming with the strong upward slope of 50 sma and consistency of price moving above the average. With the failed resistance point in 1.17449 again 1.30600 to stop the bullish momentum.
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Analyst Contest

Analyst Contest participant

Analyst Contest participant

EURGBP (Technical Analysis) - The Bearish Emerge

The price confirm itself by making a pull back an create a lowest fractal at 0.81576 again at 77541 and smoothly break out this level creating more downward pressure. With this model above , next selling point for this pair is at lowest fractal price which is 0.69434. Invalidation point is at the highest fractal at 0.74943 And 0.65423-0.56690. Level for medium - long term target with 50 sma act as a supporting indicator.
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