Daily market watch

On the NZDJPY daily chart, we can see that the pair is bouncing off the uptrend support line 80-80.500 zone. We expect a continuation into the 82-83 zone. The invalidation of this continuation higher would be on a close below 80.300 level.

Note: look only for the long trades with the SL below 80.300

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On the GBPUSD daily chart, we can see that the pair is breaking above the important upside resistance 1.3650-1.3700 zone. This zone is now the strong support for an upside continuation higher. If there will be a pullback this is the pullback targeted area.

Note: look only for the long trades with the SL below 1.3700

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On the Litecoin daily chart, we can see that the cryptocurrency is breaking the triangle 210 breakpoint and is continuing to the downside. The measured target of this downside triangle break is 100.

Note: look only for the short trades with the SL above the 210

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On the EURUSD daily chart, we can see that the pair is in the flag formation and is bouncing off the strong support 1.21600 level. This bounce could lead to a test of the 1.23000 level for an upside extension into the 1.23610 key resistance level.

Note: look only for the long trades with the SL below the 1.21600

eurusd.png



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On the GOLD daily chart, we can see that the instrument is testing the support 1327 level. This level and the next support 1310 level are important for the upside continuation. The bounce from here could lead to an upside test of 1350 level.

Note: look only for the long trades with the SL below the 1320 level.

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On the USDCHF daily chart, we can see that the instrument is testing the support 0.9600 level and is bouncing off that level. The downside support is 0.9650-0.9700 zone. We could see a downside continuation into the 0.9400 level in the coming days.

Note: look only for the short trades with the SL above 0.9700 level

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On the AUDJPY daily chart, we can see that the pair has broken below the flag 88.200 level and is targeting the support 86.500-87 zone. This zone should be used for the long trade entries.

Note: look only for the short trade entries with the SL above 88.400

audjpy.png




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On the AUDUSD daily chart, we can see that the pair is being rejected by the strong resistance 0.8100-0.8150 zone. This rejection could lead to a deeper pullback correction in the pair towards 0.7850 level.

Note: look only for the short trade entries with the SL above 0.8110 level
audusd.png








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On the BTCUSD daily chart, we can see that the instrument is in the downtrend channel with space for one more possible move down before an upside break. An important level for a downside continuation is 9320.

Note: look only for the short trade entries with the SL above 14400 level

btcusd.png




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On the AUDUSD daily chart, we can see that the pair is testing the strong upside resistance 0.8130 level. This level is important for the upside continuation. So far the pair has been rejected from that level but we need to see the close below 0.8000 level for the downside reversal.

Note: look only for the short trade entries for now with the SL above 0.8130 level.

audusd.png



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