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USDCAD index indicating bearish signals you will see 1.28822-1.28650-1.28597 levels soon.
USDCAD follow (05/08/2016 high 1.31984 level and 18/08/2016 low 1.27622 level).
If USDCAD close above 1.29287 level you may see upto 1.29643 level.
EURUSD index hourly chart indicating reversal trend, you will see EURUSD 1.11886 – 1.12301 levels soon.
If it crossover or close below 1.11398 level you will see EURUSD 1.10 level.
USDCHF is generating selling pressure. This selling pressure will push down the USDCHF up to 0.97359 – 0.97229 – 0.97091 levels. 0.97649 level will drag up so be careful with this level.
GBPUSD pair can come down up to 1.28766 – 1.27957 levels but don’t forget to keep eyes on event and this Tuesday event (U.K. Average Earnings Index +Bonus) is most important.
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USDCAD generating aggressive buying pressure will see 1.29739 – 1.29960 – 1.30251 levels soon.
Keep in mind USDCAD close below 1.29539 level, it will touch 1.29007 level definitely.
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Before market open, what I had written about GBPUSD
“GBPUSD follow basic Elliott wave structure, you can see 1.32125-131898 levels soon. You may buy at 1.31898 or below levels, it will raise up to 1.32581-1.32888 levels.”
You can see GBPUSD eat both targets (1.32125-1.31898 levels).
USDCAD follow Elliott wave method, you can see USDCAD raise up to 1.31408-1.31858 levels. It’s a strong seller area.
An invalidation level is at 1.32514, break above this level would invalidate the count.
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GBPUSD follow basic Elliott wave structure, you can see 1.32125-131898 levels soon. You may buy at 1.31898 or below levels, it will raise up to 1.32581-1.32888 levels.
An invalidation level is at 1.32993, break above this level would invalidate the count.
Its reversal time in USDJPY for Long-term traders!
USDJPY is generating massive buying pressure. Smart traders should buy USDJPY at the support level(it will U-turn from 100.525 level).
USDCAD is indicating strongly down signals in RSI, MACD, and Stochastic. You will see 1.29978 level in a few hours. Additionally, it will also hit strong support level 1.29434 soon.
Keep in mind if it is a crossover or close above 1.30752 level then you can see up to 1.31408 level.
BE ALERT FOR EURUSD TRADERS!
EURUSD is indicating neutral signals. You will see pricing moves patterns between 1.11963-1.11057 levels and make a triangle.
USDCAD is for lion heart daily traders. You can earn a bunch of dollars in a night but if you know where to pick! Yesterday it had dropped a lot and today USDCAD is continue falling. It’s time for recovery. Smart traders for support: 1.29105 levels. You must buy it above (anywhere) the support level. It will shortly hit 1.30150 – 1.31330 levels.
If this currency breaks and close below to the support then you may see downfall up to 1.28450 levels.
Above chart is explaining everything, so now we don’t need to type more.
Targets: 1.28654 – 1.28394 – 1.28212
GBPINR Trading Tips & Forecasts
On last week this currency dropped -1.815 rupees. GBP INR will continue to drill downside. Day traders can sell anywhere for 89.2 – 88.8 levels. Be careful with positive opening bell and don’t forget to pick a perfect top for intraday short!