downtrend

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    (Share) USDJPY broke above channel resistance

    USDJPY broke above the top of the descending price channel on 4-hour chart, indicating that the downward movement from 112.19 had completed at 108.13 already. However, the bounce from 108.13 would possibly be consolidation of the longer term downtrend from 115.50. Range trading between 108.13...
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    (Share) USDJPY is facing channel resistance

    USDJPY is facing the resistance of the descending price channel on 4-hour chart. A clear break above the channel resistance will indicate that the downtrend from 112.19 had completed at 108.13 already, then further rise to 110.50 area could be seen. On the downside, as long as the channel...
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    (Share) USDJPY stays in the descending price channel

    USDJPY stays in the descending price channel on 4-hour chart and remains in downtrend from 112.19, the price action from 108.13 could be treated as consolidation of the downtrend. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at...
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    (Share) USDJPY remains in downtrend from 111.57

    USDJPY remains in downtrend from 111.57, the rise from 108.13 is likely consolidation of downtrend. Resistance is at 109.40, as long as this level holds, the downtrend could be expected to continue, and next target would be at 107.00 area. On the upside, a break of 109.40 resistance will...
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    (Share) EURUSD moved sideways in a trading range between 1.0569 and 1.0689

    EURUSD moved sideways in a trading range between 1.0569 and 1.0689. As long as 1.0689 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.0905, and further decline to 1.0400 area is still possible after the consolidation. On the upside, a...
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    (Share) EURUSD pulled back to 1.0610

    Under pressure by 1.0689 resistance, EURUSD pulled back to 1.0610. Deeper decline to test 1.0569 support is possible. A breakdown below this level will indicate that the downtrend from 1.0905 has resumed, then next target would be at 1.0500 area. On the upside, as long as 1.0569 support holds...
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    (Share) EURUSD remains in downtrend from 1.0905

    EURUSD remains in downtrend from 1.0905, the bounce from 1.0569 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be at...
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    (Share) USDJPY continued its sideways movement

    USDJPY continued its sideways movement in a range between 110.11 and 112.19. Resistance is at 112.19, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 115.50 and further decline to 108.00 area is still possible. However, a break of 112.19...
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    (Share) USDJPY stays below a descending trend line

    USDJPY stays below a descending trend line on daily chart and remains in downtrend from 118.66. As long as the pair is below the trend line, the downtrend could be expected to continue, and next target would be at 108.00 area. On the upside, a clear break above the trend line resistance will...
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    (Share) EURUSD remains in downtrend from 1.0905

    EURUSD remains in downtrend from 1.0905, the rise from 1.0635 is likely consolidation of the downtrend. Resistance is at 1.0705, as long as this level holds, the downtrend could be expected to continue, and further decline to 1.0550 area is still possible. On the upside, a break of 1.0705...
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    (Share) EURUSD continued its downward movement from 1.0905

    EURUSD continued its downward movement from 1.0905 and the fall extended to as low as 1.0642. As we mentioned yesterday, the resistance level is at 1.0705, as long as the pair is below this level, the downtrend could be expected to continue and next target would be at 1.0600 area. However, a...
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    (Share) EURUSD pulled back to 1.0650

    After touching the top of the price channel on daily chart, EURUSD pulled back to 1.0650, indicating that the pair remains in downtrend from 1.1616 (May 3, 2016 high), and the rise from 1.0340 could be treated as consolidation of the downtrend. Further decline could be expected over the next...
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    (Share) USDJPY is facing 111.57 resistance

    USDJPY is facing 111.57 resistance. As long as the pair is below this level, the rise from 110.11 could be treated as consolidation of the downtrend from 115.50 and further decline to 109.00 area is still possible after the consolidation. On the upside, a break of 111.57 resistance will indicate...
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    (Share) USDJPY broke above the channel resistance

    USDJPY broke above the channel resistance and is now facing 111.57 key resistance. A break of this level will indicate that the downtrend from 115.50 had completed at 110.11 already, then the following upward movement could bring price back to 113.50 zone. On the downside, as long as 111.57...
  15. Andora Andrei

    (Discuss) EUR/USD: Targeting 6-Month Down Channel

    EUR/USD continues trending lower, hitting the 1.05 handle and has only two support levels left. The team at SocGen focuses on the downwards channel. EUR/USD is trading comfortably below the multi-decade channel support (around 1.0780, monthly closing, pointed by arrow). Only a definite break...
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    (Share) Update on usdjpy index before market open call

    What I saying about USDJPY index before market open (@9 sep 2016, 7:23PM, 5:30+ GMT)? “USDJPY index daily chart is indicating downtrend. You will see 103.376 – 102.666 – 102.326 levels soon.” ALL TARGETS HAS BEEN ACHIEVED 103.376 – 102.666 – 102.326 levels.
  17. R

    Need Modification on ADX MTF code

    Hi coding experts I have a code adx mtf which displays value of ADX in each timeframe. Actually ADX by itself has no direction.It requires values of DI,-DI and which of these two is dominating over the other. I need to add below ADX value,the value of DI & -DI in each timeframe. I found by...
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    the forex daily analysis

    EURUSD remains in downtrend from 1.3905, the rise from 1.3785 could be treated as consolidation of the downtrend. Resistance is now at 1.3879, as long as this level holds, the downtrend could be expected to resume, and one more fall to 1.3750 area to complete the downward movement is still...
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    the daily analysis for forex market 28-4-2014

    EURUSD stays in a trading range between 1.3785 and 1.3864. Key resistance is at 1.3864, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.3905, one more fall to 1.3750 area to complete the downward movement is still possible...
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    Strategic forecasts: EUR/USD, GBP/USD, GOLD

    Hello, this is my personal forecasts, you can also find it on fxstreet. enjoy EUR/USD, Weekly forecast, 02/11 - 02/15 The pair is trading along an downtrend. The downtrend may be expected to continue in case the market drops below support level 1.3345, which will be followed by reaching...
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