EURAUD Price Action Signal

Hello Price Action Traders.

EUR/AUD

The EUR/AUD found support at the 1.3800 level last week then rebounded and recovered breaking above 1.42100. Today the pair has formed a Pin Bar that rejects the 1.4400 mark after six consecutive bull candles. In addition, the 200 SMA has a bearish slope. A breakdown below the pin’s low might be an opportunity for a sell. Keep in mind, however, that there will be the Reserve Bank of Australia (RBA) Monetary Policy Meeting Minutes in the next hours.

 

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Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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EURUSD Technical Analysis

Hello Price Action Traders.

EUR/USD

The EUR/USD is falling since May after the Double Top pattern. The Euro is currently trading below the 1.3000 psychological level but found support at 1.2880. On the four hour chart, the pair is trading in a triangle while on the daily chart it looks like a pennant. Both are continuation patterns for the 85% of the time. However, only a breakout of the formation will give the right direction.

 

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Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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GBPUSD Overview

Hello Price Action Traders.

GBP/USD

The Cable is greatly affected by the Scottish Referendum this week and many pairs have opened with a huge gap. The GBP/USD found support at the 1.60500 level forming a long engulfing white candle. It seems like the pair is trying to fill the gap. The Pound/Dollar needs to rise to 1.6328 in order to fill it, so resistance could be found in that area.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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USDJPY Overview

Hello Price Action Traders.

USD/JPY

The USD/JPY continues pushing higher after the breakout of the triangle pattern. Friday the Yen passed December 2013 peak and made a 6-year high at 105.694. During the European session, the pair bottomed at 104.673 due to weak NFP numbers. The key level to look at is the 105.400. A breakout of this level might push the Dollar/Yen towards new highs.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis September 5

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This is my End of Week Forex Analysis Video:

Have a great weekend!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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AUDNZD Overview

Hello Price Action Traders.

AUD/NZD

Yesterday the AUD/NZD broke the 1.12 level and reached November 2013 high.
The pair keeps climbing since the beginning of the year, when it touched the 8-year low at 1.04900. On the upside, resistance could be found at the 1.13 level. On the downside, support lies at the 1.12 level (pullback) and further down at the 1.1120 level.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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USDCAD Price Action Signal

Hello Price Action Traders.

USD/CAD

Last week, the USD/CAD fell after the retest of the 1.09800 level. Thursday the Loonie formed an Inside Candle followed by an engulfing Pin Bar. Looking at the Price Action, the pair rejected firmly the 1.08250 level after a day of indecision. In addition, the 200 simple moving average maintains a strong bullish slope. A breakout of the pin’s high could be an opportunity for a buy. Keep in mind, however, that there will be the Bank of Canada Interest Rate decision next Wednesday.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis August 29

Hello Traders!

This is my End of Week Forex Analysis Video:

Have a great weekend!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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Silver Price Action Outlook

Hello Price Action Traders.

SILVER

Silver keeps falling below its 21 EMA. Yesterday the metal rejected the moving average plus the 19.73 level forming a bearish Pin Bar. Today the price action has formed an Inside Candle. Once the market is trending the odds are that it will continue to trend. However, wait for the Inside Candle’s low to be broken before considering short positions.

 

It’s all for today

If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to www.hereforexnaked.com

Get Naked Get profit!

FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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End of Week Forex Analysis August 15

Hello Traders!

This is my End of Week Forex Analysis Video:

Have a great weekend!

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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