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Candlesticks and Ichimoku Weekly Analysis

Candlesticks and the Ichimoku Kinko Hyo are two technical charting tools invented by Japanese. When combined with traditional technical analysis methods, for example, trend analysis, pattern recognition and Fibonacci percentage of retracements and projections, these two tools work amazingly well in forecasting the market movements, especially in very volatile market conditions.

  • The intraday trade ideas section provides trading strategies for traders to profit from fast moving markets.
  • The weekly analysis section provides analysis from a short to medium time frame for position traders.


EUR/JPY Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Dec 02 16 09:39 GMT

The single currency has surged again this week and has maintained a firm undertone, adding credence to our bullish view that another leg of upmove from 109.49 is underway and indicated upside targets at 120.90-95 (50% Fibonacci retracement of 132.33-109.49) and 121.40-50 had been met, however, near term overbought condition should prevent sharp move beyond

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USD/CAD Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Dec 02 16 08:53 GMT

The greenback ran into renewed selling interest earlier this week at 1.3538 and has dropped again, dampening our bullishness and suggesting a temporary top has been formed at 1.3589 last month, break of 1.3264 support would add credence to this view, then consolidation with mild downside bias would be seen for retracement of recent upmove to

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EUR/GBP Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Dec 01 16 10:03 GMT

As the single currency has fallen again after brief recovery to 0.8579, adding credence to our view that temporary top has been formed at 0.9576 earlier and mild downside bias remains for the fall from there to bring retracement of early upmove, hence further weakness to 0.8420 support, then 0.8370 would be seen, however, reckon 0.8333 chart support would limit downside and

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EUR/CHF Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Dec 01 16 09:45 GMT

The single currency rebounded after finding support at 1.0686 last month and further consolidation above this level would be seen and corrective bounce to 1.0830-35 cannot be ruled out, however, reckon upside would be limited to resistance at 1.0867 and bring another decline, below 1.0710 would bring a retest of said support at 1.0686 but break there is needed to extend recent decline from 1.1001 to

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AUD/JPY Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 30 16 09:41 GMT

Aussie only eased to 81.10 before finding renewed buying interest and has surged again (we recommended in our previous update to buy at 80.50) and indicated upside targets at 83.00 and 84.00 had been met, bullishness remains for the erratic rise from 72.50 low to bring retracement of early downtrend to 85.00, then

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AUD/USD Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 30 16 09:07 GMT

As aussie has rebounded after finding renewed buying interest at 0.7364 late last week, retaining our view that further consolidation above recent low at 0.7311 would be seen and corrective bounce to 0.7520-25 cannot be ruled out, however, reckon 0.7540-45 (50% Fibonacci retracement of 0.7778-0.7311) would limit upside and bring retreat later, below the Tenkan-Sen (now at 0.7405) would bring test of said support at 0.7364 but

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GBP/USD Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 29 16 10:00 GMT

Cable only bounced to 1.2532 before retreating again (we recommended to sell at 1.2600), however, break of 1.2360 is needed to signal the fall from 1.2674 has resumed and extend weakness to previous support at 1.2302, break there would confirm and bring further decline to previous resistance at 1.2272, then

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USD/CHF Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 29 16 09:10 GMT

As the greenback has eased after rising to 1.0192 last week, suggesting minor consolidation would be seen initially this week and pullback to 1.0060-68 cannot be ruled out, however, reckon downside would be limited to 0.9999 (previous resistance turned support), bring another rise. Above said resistance at 1.0192 would extend recent erratic rise from 0.9444 low to

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EUR/USD Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 28 16 09:04 GMT

Although the single currency broke briefly below previous support at 1.0520-23, lack of follow through selling and the subsequent rebound late last week suggest consolidation would be seen and initial upside risk is for corrective bounce to resistance at 1.0746, however, reckon previous support at 1.0851 would limit upside and the Kijun-Sen (now at 1.0909) would hold from here, bring another decline later. A break of last week's low at 1.0518 would signal downtrend has resumed for

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USD/JPY Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 28 16 07:36 GMT

As the greenback has finally retreated after rising to 113.90, suggesting consolidation below this level would be seen and test of the Tenkan-Sen (now at 111.23) cannot be ruled out, however, reckon downside be limited to 109.80 and renewed buying interest should emerge around 109.00-05, bring rebound later. Above 113.30-35 would bring

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EUR/JPY Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 25 16 09:21 GMT

The single currency surged again this week and broke above 120.00 level, adding credence to our view that another leg of upmove from 109.49 is underway and further gain to 120.25-30, then towards 120.90-95 (50% Fibonacci retracement of 132.33-109.49), however, overbought condition should prevent sharp move beyond 121.40-50 and price should falter below

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USD/CAD Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 25 16 08:44 GMT

Although the greenback slipped to 1.3377 earlier this week, the pair found renewed buying interest there and has rebounded again, retaining our bullishness and test of 1.3565 resistance is likely, however, break there is needed to signal recent upmove has resumed for retest of 1.3589 (this month's high), then previous support at 1.3639, break there would extend gain to

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EUR/GBP Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 24 16 09:38 GMT

As the single currency has remained under pressure after recent selloff, adding credence to our view that top has been formed at 0.9576 earlier and consolidation with downside bias remains for the fall from there to bring retracement of early upmove, hence further weakness to 0.8450, then test of support at 0.8420 is likely, however, reckon 0.8370 would hold and price should stay well above

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EUR/CHF Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 24 16 09:32 GMT

The single currency traded narrowly after finding support at 1.0686 last week, suggesting consolidation above this level would be seen and corrective bounce to the Kijun-Sen (now at 1.0780) is likely, however, reckon upside would be limited to 1.0830-35 and resistance at 1.0867 should hold, bring another decline, below said support would extend recent decline from 1.1001 to

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NZD/USD Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 23 16 09:22 GMT

Although kiwi extended recent decline from 0.7486 top below 0.7000 level, as price has recovered after finding support at 0.6984, suggesting consolidation above this level would be seen and initial recovery to 0.7100 is likely, however, reckon 0.7140-50 would limit upside and bring another decline. A break of said support at 0.6984 would extend the aforesaid fall from 0.7486 to

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AUD/USD Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 23 16 09:19 GMT

As aussie has recovered after falling to 0.7311 earlier this week, suggesting initial consolidation above this level would be seen and corrective bounce to 0.7420-25 and then 0.7450 would be seen, however, reckon 0.7500 would limit upside and bring another decline later. A break of said support at 0.7311 would extend the selloff from 0.7778 top to

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GBP/USD Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 22 16 09:49 GMT

Although cable fell to 1.2302 late last week, the subsequent strong rebound suggests consolidation above this level would be seen and recovery to 1.2530-35 (61.8% Fibonacci retracement of 1.2674-1.2302) is likely, however, if our view that top has been formed at 1.2674 is correct, upside would be limited to 1.2600 and bring another decline later. Below 1.2360-70 would bring test of

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USD/CHF Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 22 16 09:26 GMT

As the greenback has maintained a firm undertone after recent rally from 0.9550, adding credence to our bullish view that the erratic rise from 0.9444 low is still in progress, indicated upside targets at 1.0030-35 (100% projection of 0.9444-0.9956 measuring from 0.9521) and 1.0093 had been met, upside bias remains for further rise to

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EUR/USD Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 21 16 09:28 GMT

The single currency dropped again last week and broke below previous support at 1.0710, adding credence to our view that the erratic decline from 1.1616 is still in progress and may extend further weakness to previous support at 1.0520-23, however, a break below there is needed to confirm medium term downtrend has resumed for

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USD/JPY Candlesticks and Ichimoku Analysis Print E-mail
Candlesticks and Ichimoku Weekly | Written by Action Forex | Nov 21 16 08:38 GMT

As recent upmove has gathered momentum after breaking indicated previous resistance at 107.49, adding credence to our view that the erratic rise from 99.01 low is still in progress and may extend further gain to 111.39-45 (50% Fibonacci retracement of 123.76-99.01 and previous resistance), then previous resistance at 111.89, however, reckon upside would be limited to

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Advanced Candlesticks and Ichimoku Strategies for Forex Trading

For the first time, our Action Forex analysts are revealing the strategies they use in formulating the trading ideas in our popular Candlesticks and Ichimoku Analysis section. These strategies are presented in our newly released ebook "Advanced Candlesticks and Ichimoku Strategies for Forex Trading." Don't miss this opportunity in learning these techniques that professional traders use. Download both Part I and Part II NOW!

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