Mixed signal.
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| EUR vs USD M1 |
This is the monthly chart of EUR vs USD. Price is sitting on top of support. I did mention last month, that I would like to see a correction back to the red horizontal line. Last month did close bearish, which puts weight in favour of the correction. As we are sitting at support, it may pay out to be patient.
EUR vs CAD
Bearish bias for the month.
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| EUR vs CAD M1 |
This is the monthly chart of EUR vs CAD. I had a strong bias for CAD last month (here). I did close my long trade last month at 1,60 level (see here). We have successive higher lows, which shows bullish pressure. This asset may have run out of steam and needs new fuel. Currently the 1,50 level seems to be the next level of interest. I'll be looking for opportunities to short this asset.
CAD vs JPY
Bullish bias for the month.
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| CAD vs JPY M1 |
This is the monthly chart of CAD vs JPY. Price has closed bullish last month. We have a Bullish Engulfing Pattern. I did not get my trade long last month. My bias remains bullish.
GOLD
Bearish bias for the month.
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| GOLD M1 |
This is the monthly chart of GOLD. Price is rejecting range resistance. This puts my bias in favour of the bears.
GBP vs USD
Bearish bias for the week.
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| GBP vs USD M1 |
This is the monthly chart of GBP vs USD. This asset shows a better bearish signal opposed to EUR vs USD. Price shows a rejection of the former ATL, which acts as resistance now.
USDOLLAR
Mixed signal.
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| USDOLLAR M1 |
This is the monthly chart of FXCM USDOLLAR. Currently we see USD strength. Price was able to violate a significant level only to bounce back up. Currently it is too eatly to speak of Dollar Bulls. We need to see mothly close above the mother candle. However, we see signs of support holding. And that is basically bullish.
Ger30
Mixed signal.
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| Ger30 M1 |
This is the mothly chart of the CFD for Dax30. We have a bullish signal at a previous resistance leve, which is support now. This basically puts my bias in favour of the bulls. However, the seasonality of equity markets is not in favour of bulls. I am ready to trade both ways. The setup is bullish, so I am more interested in bulls.
USD vs JPY
Bullish bias for the month.
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| USD vs JPY M1 |
This is the monthly chart of USD vs JPY. Price did close bullish last month and form a Morning Star Pattern, which is a bullish reversal pattern. I'd have favoured a close above the 110 level. But we do not always get what we favour, right?
GBP vs JPY
Mixed signal.
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| GBP vs JPY M1 |
This is the monthly chart of GBP vs JPY. Last month did close as a Rejection Candle, which is a bearish sign. But price is close to a level of interest, which may prove to be support. I might look for temporary short opportunities. Once price closes below 145, my bias will be bearish.
NZD vs CAD
Bearish bias for the month.
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| NZD vs CAD M1 |
This is the monthly chart of NZD vs CAD. Last month close did form an Evening Star Pattern, which is a bearish reversal pattern. This puts my bias in favour of the bears.
If you have any questions or would like to give feedback, please leave them in the comments section below.
Happy trading,
TT
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