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pepy
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Everything posted by pepy
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Bullish engulfing pattern spotted on EURJPY's H1 chart and the price also successfully break the lower band and target the higher price. RSI (14) rise to level 48 while Stochastic (5,3,3) observed to ascend up to level 68 near overbought area. Macd also formed lower highs formation. The bias is bullish for this pair may touch 113.38.
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At H4, seen that EURCHF is currently being rejected by trend line plus followed by strong bearish candle. When the rejection was successful and H4 candle is currently bearish managed to close in the state, then the EURCHF likely to fall back to the target at a low level while this week at the 1.08352 level with support from RSI (14) which seen fall to level 43. While Stochastic seems under bullish with rise to around level 65.
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Based on H1 time frame chart, it seems that today CADJPY move near the trend line down plus breakout from middle band. Interaction with the price trend line of this line could determine the next CADJPY movement. When CADJPY could break this trend line, CADJPY has potential to rise and reached a yesterday's high level in the range of 78.50.
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AUDUSD successfully break the middle band and seems set the target which is the first resistance level at 0.77102. The price is already moving above daily pivot. RSI(14) seems rise to around level 58 following the previous performance of this pair, and Stochastic(5,3,3) rise to around level 76. MACD forms higher high. The bias is bullish and price may rise towards next resistance at 0.77489.
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H4 chart, Silver got rejection from trend line, and rejection of that form a candle pinbar. Under these conditions, it is estimated Silver will go back down and try to reach the low point came in the level 19.360. This scenario will be invalidated if the Silver managed to climb and penetrate the trend line. Other indicators: RSI (14) seems fall down to around level 40 . Stochastic (5,3,3) fall down to around level 55.
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On H1 chart EURUSD successfully moving above pivot and break the middle bad. MA20 still moving below the price indicated the bullish sentiment. Other indicator such as RSI (14) rises to level 59. While Stochastic (5,3,3) rose to level 57. MACD on the other hand just formed lower highs formation so the prediction is bullish for now.
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Condition current price is above the daily pivot point line with the price before formed bullish engulfing pattern on H1 chart. Other indicators gives bullish signal with RSI (14) rises to a level 59. While the Stochastic(5,3,3) rise to level 70 while Macd(12,26,9) formed lower high formation. Predictions for the moment, Gold will get bullish sentiment and price for Gold may reach it at 1335.56.
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Condition current price is below the daily pivot point line, and below the moving average line (20). NZDUSD on H1 chart also form a bullish engulfing pattern followed by few bullish candle. Signal from RSI (14) seems go up to level 52. While Stochastic(5,3,3) rise to level 65. Predictions for the moment, this pair above is bullish with NZDUSD has bigger chance to rise and the next price target is at 0.73042
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USDJPY on H1 chart is moving below daily pivot line while the price also successfully break the resistance point thus make this pair under bearish sentiment. Other indicator such as RSI(14) saw fall to level 42 and Stochastic fall to level 38. At the moment this pair is bearish and may fall towards the 1st support line.
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Condition current price of USDCHF is below daily pivot point line, and below the moving average line (20). Other than that the price of this pair is just formed bearish engulfing pattern. Signal from RSI (14) observed to fall up to level 44. While Stochastic(5,3,3) down to level 44. Predictions for the moment, the pair above bearish and may reach the highest point at 0.95203.
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On H1 chart, the condition is the price of USDCAD moving below daily pivot also below MA20. The price also break the middle band. RSI(14) observed to fall down at around level 44, while Stochastic(5,3,3) fall down to level 28 and MACD formed higher low. Overall the bias is bearish considering all indicators above.
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Control over trading is depend on the trader view but this could be good or bad. Also control over trading doesn't guarantee that you will make more profit. however having control over trading will let you know what happen to your account, your position , and many other aspects which you must understand before trade in forex.s
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Again, another truth by you. Evaluation is always be needed for a trader as the part of understanding, with this i am sure their understanding of the market will improve thus make him a better trader in future and learn that eliminate risk is one of the most impossible way to do for trader because forex itself is a risky business.
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You mean like a robot where that robot just send signal over you? Well that is fine too, but still there is disadvantage once robot will always be robot, there is flaw because it is human creation, also just like what myregister said above, we also not reliable with ourselves, we may have control but it is not like what we know since risk is always present.
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Candlestick bearish engulfing pattern formed on EURGBP's daily frame chart with RSI (14) and stochastic (5,3,3) are both fall down to level 66. Other than that there is MACD (12,26,9) which formed higher low. Price bias for this pair is bearish and it may fall down to around 0.85902 which is EMA10.
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Pinbar formed on GBPJPY's 1 hour time frame where the price is closed above EMA10. Most of indicators seems agree with this just like RSI observed to rise at level 58, Stochastic also rise to around level 20 and MACD formed higher high formation, bias is bullish and it seems this pair may target 131.902 at most.
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On 4 hour time frame AUDCHF pair fall down through the lower band. The price also closed below the psychological support at 0.7400. RSI (14) also fall down to level 30. Stochastic (5,3,3) fall down to level 23. Macd (12,26,9) formed lowers low position. Bias is bearish with the price may fall towards psychological support at 0.73002.
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Three rising pattern spotted on 4 hour time frame of CADJPY with EMA10 rise above and cut the middle band. Not to mention RSI(14) observed to rise to level 60. Stochastic (5,3,3) rise to level 93 but in the oversold area. Macd (12,26,9) also formed lowers high. Bias is bullish for this pair and the price will rise towards 78.902 which is resistance level at most.
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Bearish engulfing candlestick pattern formed in the AUDJPY pair on the daily time frame. The price is moving below the middle band but doesn't show any sign will reach lower band. RSI (14) fall down to level 46. Stochastic (5,3,3) observed to descend to level 22 while Macd (12,26,9) formed higher lower. Bias is bearish with the price may descend to the lower level or up to level 76.50.
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Shooting star can be seen on AUDUSD's daily time frame chart with RSI(14) found to fall around level 58. Stochastic (5,3,3) fall down to level 39. On the other hand it seems Macd (12,26,9) just formed higher low. Overall it seems AUDUSD has bearish bias with the price may fall towards support level at 0.75902 which is middle band.
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Bullish engulfing candlestick pattern formed in USDCHF's 1 hour time frame chart and the price also able to closed above EMA(20). Not to mention RSI seems supported this with rise to around level 53, Stochastic also rise to level 31 and MACD formed higher high position. The bias is bullish with the price may able to meet resistance position at 0.96508.
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Shooting star is formed is formed in the EURJPY pair on 4 hour time frame, and with the price able to break EMA25 plus it closed below. RSI (14) seems falling down to level 56. Stochastic (5,3,3) also fall down to level 71. Macd (12,26,9) formed higher low position. Basically the price is bearish and has chance to fall towards lower band at 112.502.
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USDCAD already penetrated the psychological support at 1.29003 and the price now is 1.28800 also the price is below of today's lower band. RSI (14) descend from previous position to level 39. Stochastic (5,3,3) descend to level 18. Macd (12,26,9) formed lowers low. Price's bias is bearish with the next target is at support level 1.27853
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On 4 hour time frame NZDUSD pair formed a bearish engulfing candlestick pattern and it seems that RSI(14) falling down to around level 55, while Stochastic (5,3,3) fall down to level 38. Macd (12,26,9) on the other hand formed higher low. Bias for this pair is bearish with NZDUSD price may fall to 0.71502 which is the lower band now.
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On 1 hour period of GBPCHF's time frame chart there was pinbar spotted. Furthermore candlestick of this pair seems rise through the middle band which means more bull sentiment. Other indicator such as RSI (14) spotted to rise to level 52, and Stochastic (5,3,3) seem fall to 26. Macd (12,26,9) also formed lower high. Overall, i can see the bias is bullish and price will go towards 1.25807 which act as resistance today.