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Technical Analysis for USDCHF 9 Mar 2010 |
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Written by Administrator
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Tuesday, 09 March 2010 |
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The USDCHF was indecisive yesterday, leave us in range area of
1.0888 – 1.0640 area. We have no significant technical movement so far
and price still consolidating but still in the context of bullish major
scenario. I think the best strategy remains to short around 1.0888 or
long around 1.0640 with tight stop loss. Break above 1.0888 – 1.0900
area should continue the bullish scenario targeting 1.1000 while a
break below 1.0640 should trigger further bearish correction towards
1.0507 area.
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Technical Analysis for GBPUSD 8 Mar 2010 |
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Written by Administrator
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Monday, 08 March 2010 |
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The GBPUSD had a bullish momentum on Friday. As you can see on my
daily chart below price bounce back to the upside after touched the
major trendline support, indicating potential upside correction
scenario but the main trend should remain bearish. The bias is neutral
in nearest term. Immediate support at 1.5100. Break below that area
should trigger further bearish momentum testing 1.5000. Initial
resistance at 1.5250. Break above that area should trigger further
upside momentum testing 1.5380 area.
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Technical Analysis for GBPUSD 8 Mar 2010 |
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Written by Administrator
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Monday, 08 March 2010 |
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The GBPUSD had a bullish momentum on Friday. As you can see on my
daily chart below price bounce back to the upside after touched the
major trendline support, indicating potential upside correction
scenario but the main trend should remain bearish. The bias is neutral
in nearest term. Immediate support at 1.5100. Break below that area
should trigger further bearish momentum testing 1.5000. Initial
resistance at 1.5250. Break above that area should trigger further
upside momentum testing 1.5380 area.
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Technical Analysis for USDJPY 8 Mar 2010 |
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Written by Administrator
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Monday, 08 March 2010 |
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The USDJPY had a significant bullish momentum on Friday, topped at
90.58 and closed at 90.34. This fact should trigger further bullish
correction scenario targeting 91.50 and the major trendline resistance
area but we need a consistent move above 90.50 area to continue the
bullish correction scenario. However note that the major trend should
remain bearish as long as price move below the major trendline
resistance. Immediate support at 90.00 followed by 89.50.
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