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If a M15 close above 0.8200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8000 sell only and do not buy. If price closes back above it again do nothing
The range 0.8200 and 0.8000 is neutral area, any trade done in between is personal decision and not part of this analysis
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because of the moving under the level of 0.8000 as we can see from the chart , I think the down trend is still standing and the pair might head to 0.7965 and then 0.7925 how ever the pair made any hourly correctio
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If a M15 close above 0.8000 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8050 sell only and do not buy. If price closes back above it again do nothing
The range 0.8000 and 0.8050 is neutral area, any trade done in between is personal decision and not part of this analysis
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the pair and as we can see from the chart has closed it's daily candle under the level of 0.8000 , so , that's mean the down trend is still standing and the pair is heading to 0.7950 then 0.7920
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ye pair abi strong resistance or fibo level zero par hai..
agar ye es resistance ko todta hai to ese khridna chahiye..but mujhe lagata hai ki yahaa se eska girna suru hoga..
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as what i can see from the hourly shart this pair is alreday in uptrend the macd is abouve the 0 level the rsi is abouve the 50 levelso general indicator give the uptren
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the pair has two strong resistance levels and each one could signal the end of present rises and the move to a new wave of decreases.
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As market sentiment continues to improve, higher yielding currencies across the board have been on the advance with the swissie and the greenback coming under increasing pressure
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as we can see the weekly chart the pair succeded to close under strong up trend with good bearish candle. i think it should go more down to test the level of 0.79500. if it can close under it then more down expected. and do not forget that all this can happen with some correction
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the week which saw interest rate expectations from the Bank of Canada climb. When taking into account the recent prints on the respective economic dockets, today’s price action seems logical.