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Technical Analysis for EURUSD 1 Mar 2010 |
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Written by Administrator
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Tuesday, 02 March 2010 |
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As you can see on h4 chart below, the EURUSD attempted to push
higher on Friday after failed to break below 1.3450 area (potential
nearest term bottom), slipped above the minor bearish channel
indicating potential upside correction especially if price able to
break above 1.3690 targeting 1.3750 – 1.3850 resistance area .
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Technical Analysis for GBPUSD 1 Mar 2010 |
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Written by Administrator
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Tuesday, 02 March 2010 |
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The GBPUSD was indecisive on Friday. Price attempted to push lower,
bottomed at 1.5150 but closed higher at 1.5249. The bias is neutral in
nearest term but overall I am still in bearish mode for this pair with
potential target around psychological level 1.5000 this week. Immediate
resistance at 1.5250. Break above that area should lead us into no
trading zone but the main scenario should remain bearish as long as
price move inside the bearish channel and any upside momentum should
only be seen as a corrective movement.
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Technical Anlysis for USDJPY 1 Mar 2010 |
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Written by Administrator
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Tuesday, 02 March 2010 |
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The USDJPY attempted to push higher on Friday, topped at 89.49 but
further upside correction was rejected as price closed lower at 88.84.
This fact should keep my bearish outlook intact with nearest technical
target around 87.35 area especially if price able to break below 88.50
support area. Immediate resistance at 89.50. Break above that area
should lead us into no trading zone testing 90.50 area but overall I
still prefer a bearish scenario at this phase.
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Technical Analysis for USDCHF 1 Mar 2010 |
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Written by Administrator
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Tuesday, 02 March 2010 |
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As you can see on my h4 chart below, price has break below the minor
trendline support indicating potential bearish correction phase testing
1.0640 support area in nearest term but the main outlook should remain
bullish for this pair. The bias is neutral in nearest term and I think
we area in no trading zone. I prefer to wait for further development
before make any decision but still prefer buy on dips strategy.
Immediate resistance at 1.0800. Break above that area should trigger
further upside momentum and keep the bullish scenario targeting 1.1000
intact for this week.
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