There is an opposite focus surrounding the Dollar Yen. Let’s examine the hourly chart first. After breaking above the lower descending channel the price managed to crawl towards 112.40 only to know that it was kicked back. Looking at this pattern one can easily draw the trend and suggest a sell, measuring 112 as the […]

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The pair is unable to move any further except for the long spikes towards the support. It’s the third straight row that we are trading at the same level, this leaves us to think that the price may retrace to the first resistance 1.111. On the contrary if the fundamental side of the markets resume […]

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The price is stuck inside a wedge but trades above 80.136, though this a good sign in the first quarter yet the price is plotting lower highs as opposed to the sentiment. The upper motion is limited by the wedge and the daily moving averages, but we still see a lot of positive room for […]

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Following a bounce on the hourly chart that occurred on the 22nd of this Month. We were cautious on the sell side after seeing this bounce and as pointed the price has once again moved to 1226 and is trading within a narrow ascending channel. The weekly chart is now poising the move towards 1278/84, […]

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The pair hit our first target 111.70 as mentioned yesterday. The price has reversed in a very minimal fashion after a round of profit taking, our immediate target is 111.121 followed by 109.020 if the trend is strong. The hourly chart is trending within a descending channel that leads to 110. This is the same […]

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The price broke above the declining channel only to fake us out and catch the real time sellers. Alas, we were also victimized on this move. The pair declined after hitting our stop and moved well below our initial target. Though being hit, we must always cheer for the principals and rules that are laid […]

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The price has reached 1.0995 area, the first target in our list. The weekly chart clearly pointed to this level, and the next target is placed at 1.079. We had a strong decline yesterday as EUR/USD moved 100+ pips from open, the daily target for the week is at 1.09681 followed by 1.0847. Sellers can […]

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Our Friday’s article pointed out that if the candle does not turn out to be a doji then we may go for a sell and hold towards 1198/91. The candle failed to be a doji, and hence the price moved back to its original action. We also discovered that the price is supported by the […]

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After breaking the ascending channel (yellow) then pair made a reversal from 114 and reached 112. The entire circle was inline with our analysis. The current channel (Blue) is pointing south and the current candle has ended right below the descending channel. We may see a small bump down but the price is likely to […]

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