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Bearish Downside Favored As AUD/USD Lacking Upside Push into 1-Yr Resistance

Bias: AUDUSD Lacking Upside Push into 1-Yr Resistance Point, Downside Favored Point to Establish Short Exposure: Breakdown Below 0.6972 Spot: 0.7093 Target 1: 0.6826 January 15/20 Low Target 2: 0.6775 127.2% Expansion of the August 24-December 4 Range Invalidation Level: Close below 0.7169 (November 30th low) Highlights: China’s Future Monetary Policy Remains a Negative Impact for AUD FXCM Trading Book Shows Flat Retail Sentiment as AUD/USD Has Traded Sideways Since

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Lowering Stop in Short USD/JPY

Global macro, technical analysis, cyclical analysis & market geometry Connect via:

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Taking Some off the Table in the Nikkei

The Nikkei 225 failed last week in the resistance zone I was eyeing between 16,985 – 17,200 ( 50-day moving average, 38% retracement of the June – February decline, H&S neckline). Given the timing relationship (100% retracement in time of the October 2014 – June 2015 advance) that coincided with this price failure there is scope that this marks the start of a more significant decline as the downtrend in

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AUD/USD Trendline Breakout

Market Condition: AUD/USD Breakout Target 1: 2x ATR .7656 Target 2: 4x ATR .7870 Invalidation: Price Remains Under Resistance AUD/USD Daily Chart (Created using Marketscope 2.0 Charts) After declining as much as 474 pips for the 2016 trading year, the AUD/USDhas begun to retrace back towards a series of key resistance points. The next value of resistance is a trendline, which is depicted above by connecting a series of swing

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GBP/USD: Sentiment & Techs Align With Bearish Fundamental Outlook

To See How FXCM’s Live Clients Are Positioned In FX & Equities Click Here Now Point to Establish Short Exposure: At Market Spot: 1.4355 Target 1: 1.4148 January 29 Low Target 2: 1.4078 January 21 Low Invalidation Level: Close above 1.4577 February 10 Corrective-Lower High Fundamental & Technical Focus: While fundamental troubles have been mounting up around the world, enough to reverse nearly all of the expected hikes from the

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USD/NOK Consolidates After January Sell Off

USD/NOK has been in an impressive rally for the past 2 years as crude oil prices slide lower. Since the start of 2016, prices have quietly been selling off and appear to be consolidating before another break lower. Using technical analysis and wave measurements, the January 6 high came at an interesting price juncture. First of all, the high on January 6 occurred near the 1.618 extension of the April

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USD/JPY Pending Breakout on New Low

Market Condition: USD/JPY Daily Breakout Target 1: 2x ATR 107.58 Target 2: 4x ATR 104.20 Invalidation: False breakouts begin over 114.34 USD/JPY Daily Chart (Created using Marketscope 2.0 Charts) The USD/JPY has declined as much as 1072 pips from the standing February 2016 high at 121.68. With SSI (Speculative Sentiment Index) reading at an extreme +2.23, traders may continue to look for opportunities to join the current downtrend. Breakout traders

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USD/CAD Tests 1.37 as Crude Oil Prices Jump Higher

The USD/CAD has sold off nearly 1,000 pips in the last 30 days while sentiment flirts with parity. The move leading up to the January 20 high was very steep and could be a blow off top. However, USD/CAD has yet to penetrate meaningful support levels on a day crude oil prices jump nearly 6% (at the time of this writing). Failure of USD/CAD to push below support levels suggest

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USDCAD Respecting Resistance

I’ve been short USD/CAD since the 16th and been writing a lot about the crude oil / USD/CAD dynamic in recent weeks at SB Trade Desk (our stop is a little better than breakeven at this point and the target is open for now). Simply, USD/CAD behavior has changed as evidenced by lower highs and lows over the last month. I have no control over whether the downtrend resumes but

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Trailed Out of Remaining USDCAD Position

Market sentiment, technical analysis, important levels, and Elliott wave. Connect via:

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