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Thread: Market Analysis

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  1. #1
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    Default Market Analysis



    AUD/CAD is one of my favorites of all time because it maintains a great trend as always. It started a small downtrend recently and wanted to back the previous uptrend but unfortunately, it couldn’t. It shows us clearly that it is going for next resistance at 0.9990. If it can cross it then it will have its uptrend again.

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    CAD/JPY is maintaining a nice looking uptrend over the period of time. But unfortunately it could not pass the last and strong resistance this time. It is moving to a small price correction but hopefully it will back to it’s uptrend soon. It’s the right time of watch at the right time. At 83.00 , it has a strong situation to bounce back.

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    NZD/JPY is on fire for the long term as well as short term. It is trying to exceed the previous resistance at 77.06 and passed but is still fighting to stay there. and creating a DOJI means buyers are confused this time. It’s time to watch for a few price actions before going to make any purchase.

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    AUD/NZD has regained its sharp uptrend recently and it is just behind of the strongest resistance. It has strong resistance at 1.0843. It is time to buy more if you have fresh capital in your hand. In a few days we will see a quick price gain for sure.

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    AUD/USD having a good time for a long time. Recently it moves sidewise in between 0.7818 and 0.7670. There is a small price fluctuation having a good chance of sure profit from this situation. I personally like this kind of movement for my trades. It recently broke the height resistance at 0.7818 and confirms the new uptrend.

  6. #6
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    NZD/USD is my favorite one for a long time. Look at this, it is having a really good position over the period of time. Though it broke the long term uptrend but recently it broke its height resistance and shows big movement for future. My recommendation is to buy.

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