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WEEKLY ANALYSIS TRADE SETUP: EURCAD – (13 – 17th July, 2020)📈📊💰

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With price at the neckline of our double bottom and at the same time the resistance of the ascending channel.
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Forex Market Analysis

WEEKLY ANALYSIS TRADE SETUP: EURCAD – (13 – 17th July, 2020)📈📊💰

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With price at the neckline of our double bottom and at the same time the resistance of the ascending channel.

WEEKLY ANALYSIS TRADE SETUP: USDCAD – (6 – 10th July, 2020)📈📊💰

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Within this prolonged descending channel we have a bearish engulfing right at the resistance of the channel. This is a potential reversal from the small rally.

WEEKLY ANALYSIS TRADE SETUP: EURNZD – (29 June- 3 July, 2020)📈📊💰

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Four weeks of price moving bearish within a descending channel gives us strong indication of bear control. Price is approaching the upper trend line with indecision candles which is not a good sign of bullish momentum.

WEEKLY ANALYSIS TRADE SETUP: GBPCHF – (22- 26 June, 2020)📈📊💰

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Price may rebound and rally back to the triangle at the support level or breakout further below the level and resume it’s downtrend. We continue to monitor the price in order to react accurately.