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Technical Analysis for EURUSD Daily Forecast: February 25 |
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Written by Administrator
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Thursday, 25 February 2010 |
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EURUSD Forecast:
The EURUSD attempted to push higher yesterday, topped at 1.3625 as a
temporary reaction after The Fed decided to keep the interest rate low
but further bullish momentum was rejected as price closed lower at
1.3539. This fact should keep the bearish scenario intact. On
h4 chart below we can see price is now testing the minor trendline
support (yellow).
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Technical Analysis for EURUSD 17 Feb 2010 |
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Written by Administrator
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Wednesday, 17 February 2010 |
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EURUSD Forecast:
The EURUSD had a significant bullish correction movement yesterday,
topped at 1.3778 and closed at 1.3765. On h4 chart below we can see
that my falling wedge formation has been violated to the upside
confirming further bullish correction targeting 1.3850 before testing
1.4030 area. However, note that the major bearish scenario should
remains intact as long as price is moving inside the bearish channel
and the current bullish momentum should be seen just as corrective
movement. Immediate support at 1.3675. Break below that area could be a
potential threat to the bullish correction scenario testing 1.3585
area.
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Read more...
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Technical Analysis for EURUSD 17 Feb 2010 |
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Written by Administrator
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Wednesday, 17 February 2010 |
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EURUSD Forecast:
The EURUSD had a significant bullish correction movement yesterday,
topped at 1.3778 and closed at 1.3765. On h4 chart below we can see
that my falling wedge formation has been violated to the upside
confirming further bullish correction targeting 1.3850 before testing
1.4030 area. However, note that the major bearish scenario should
remains intact as long as price is moving inside the bearish channel
and the current bullish momentum should be seen just as corrective
movement. Immediate support at 1.3675. Break below that area could be a
potential threat to the bullish correction scenario testing 1.3585
area.
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Read more...
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Technical Analysis for USDJPY 17 Feb 2010 |
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Written by Administrator
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Wednesday, 17 February 2010 |
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USDJPY Forecast:
The USDJPY was indecisive yesterday, but as you can see on my daily
chart below, price has break above the bearish channel indicating
bearish failure and potential bullish correction scenario testing 91.25
and the major trendline resistance area (blue line). Immediate support
at 90.00 followed by 89.50 area. However, as long as price move below
the major trendline resistance, the major bearish scenario should
remains intact.
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