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Short-term Trading Idea FX GBP/CAD – Bull Speculation: Expected Break in 2.032 Resistance

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Trading opportunities for currency pair: due to oil prices falling, we should consider a break in the resistance after a bounce to 2.020. If the buyers pass 2.0335 on Monday, keep 2.0500 in your sights. The idea will be valid for just one week and will become invalid at any point if the four-hour candle closes below 2.0150.

Short-term Trading Idea FX EUR/USD – Bear Speculation: Development on Ideas from 26/10/15

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Trading opportunities for currency pair: the euro/dollar’s candle has been closing with a long upward shade for six weeks in a row. The eurobulls aren’t able to strengthen above 1.15. The interim 1.0838 target is still there, with the support zone at 1.0807-1.0818 (27th May and 20th July minimums). A scenario where we’ll see growth will become frozen out for a while if the daily candle closes above 1.1210.

Short-term Trading Idea FX GBP/USD – Wait and See: Likely Rebound From or Break Through Trend

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Trading opportunities for currency pair: There’s no point rushing for the moment. The pound managed to return to the trend line on Friday issuing support from the euro/pound cross. Monday will be decisive since the price will either recoil from the trend or will break through it. We could see a false break before the Bank of England convenes so be careful. If the pound bounces back, the target is 1.5150, if it breaks: 1.5554. I’m not looking at it going any higher for the moment.

Short-term Trading Idea FX USD/SEK – Bull Speculation: Expected Forming of W-shape Pattern

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Trading opportunities for currency pair: the USD/SEK has broken away from the support. A double top didn’t quite form. I’ll risk saying that we’ll see a W form with an 8.8359 target. This idea for growth will become invalid if we see a close of the weekly candle below 8.5544.

Short-term Trading Idea FX EUR/USD – Bear Speculation: Bear Takeover

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Trading opportunities for currency pair: ECB representative Ewald Nowotny pushed the eurobulls into closing long positions. It’s highly likely that before the ECB’s Thursday meeting, we’ll see the downward movement on the euro resuming. I’ve picked out two price levels: 1.1250 and 1.1086 (by middle of November), with 1.0290 over the medium term.

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