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Posted by on in FX Chart Updates

A solid consolidation tone and an upside bias with the Monday push to a new recovery high to leave upside risks into Tuesday.

In addition, the previous break above key resistance at 1.2667 maintains and reinforces a bullish tone for July. 

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Tagged in: CAD Forex FX USD USDCAD
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Posted by on in FX Chart Updates

The rebound effort from Monday to defend minor support and probe above minor resistance leaves bias for a Friday rally.

However, the Monday push through 1.0951 support reinforces the previous break through 1.1048, for a broader range environment.

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Tagged in: EUR Euro EURUSD Forex FX
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Posted by on in FX Chart Updates

The Monday bear gap was closed, having defended last Monday's spike low to 1.0951, but to stall at resistance at 1.1110 to leave a downside risks for Tuesday.

The plunge last Monday through 1.1048 signalled a shift to a broader range environment, which we see as intact.

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Posted by on in FX Chart Updates

The Monday plunge through 1.1048 signalled a shift to a broader range environment, which we see as intact.

The subsequent rebound to close the bear gap, then to slide back lower and bounce Thursday leaves a modest upside bias for Friday.

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Posted by on in FX Chart Updates

Further building on the bullish outside Monday and bullish outside pattern last Wednesday and we stated in our last report to clients, that we saw "bias for a bull break above 1.2563".

The break above 1.2563 sets a stronger base and further negates the previous topping structure from Q1 and April and leaves a more bullish tone for July (and Thursday).

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Tagged in: CAD Forex FX NFP USDCAD
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IMPORTANT NOTES

Holiday and cessation of service: 7th-23rd August 2017

Hi Market Chartist Users and Trialists, The Market Chartist reports will be paused for just over 2 weeks, whilst we take a vacation.

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