Archive for 2009
Lets start with the obvious – ensure you do proper research into your trade, practice using a demo account, ensure correct risk management (stop losses) and as importantly, ensure that ...
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EURUSD failed to test 1.5144 previous high resistance, pullback towards 1.4900 zone to reach next cycle bottom on 4-hour chart would more likely be seen in a couple of days, ...
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GBPUSD break above the falling trend line from 1.6875 to 1.6745, suggesting further rally to test 1.6745 resistance. However, next short term cycle is nearing, pullback would more likely be ...
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USDJPY stays below a falling trend line from 90.60 to 89.18, as long as the trend line resistance holds, rebound from 84.82 is treated as consolidation of downtrend from 92.32 ...
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AUDUSD formed a short term cycle bottom at 0.8946 level on 4-hour chart, further rise to test the resistance of the falling trend line from 0.9404 to 0.9321 is possible ...
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EURUSD formed a short term cycle top at 1.5144 and dropped sharply to as low as 1.4828 last week. Range trading between 1.4801 and 1.5144 is possible in a couple ...
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AUDUSD breaks below support of the lower border of rising price channel on daily chart, suggesting that the upward trend from 0.7703 may have completed at 0.9404, and the following ...
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GBPUSD breaks below the support of the lower border of the price channel on 4-hour chart, suggesting that the uptrend from 1.5708 (Oct 13 low) has completed at 1.6875 already ...
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GBPUSD broke above 1.6647 resistance, suggesting that a short term cycle bottom has been formed at 1.6460 level on 4-hour chart. Another rise towards 1.6875 could be seen in a ...
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After breaking above the falling trend line on 4-hour chart, EURUSD traded in a narrow range between 1.4888 and 1.4999. A break above 1.4999 will confirm the the rise from ...
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After a sharp drop from 1.6875, GBPUSD rebounded from 1.6460 level. However, the rise could possibly be consolidation of downtrend, another fall to 1.6300-1.6350 area is still possible after consolidation. ...
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USDJPY stays in a falling price channel on 4-hour chart and remains in downward trend. Deeper decline towards 88.01 previous low is still possible later today, however, rebound is expected ...
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USDCHF is in range trading between 1.0032 and 1.0337. Moving sideways in the range is still possible next week. However, the price action from 1.0032 is more likely consolidation of ...
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USDJPY remains in downtrend from 92.32 and the fall extended further to as low as 88.64 level. Deeper decline is still possible later today. Rebound would more likely be seen ...
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USDCAD stays in a trading range between 1.0416 and 1.0617. The price action from 1.0416 is more likely consolidation of downward trend from 1.0852. Another rise to test the upper ...
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USDCAD broke above the falling price channel on 4-hour chart. However, the rise can reach 1.0617 level only. Now the fall from 1.0617 is more likely resumption of downtrend from ...
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USDCHF stays in a trading range between 1.0035 and 1.0193. Moving sideways without trend in the range is expected later today. However, the price action from 1.0035 is more likely ...
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GBPUSD is forming a short term cycle bottom at 1.6515 level on 4-hour chart. Now the rise from 1.6515 is possibly be resumption of uptrend from 1.5708, a break above ...
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USDJPY formed a trading range between 88.01 and 92.32. Moving sideways in the range is expected and deeper decline to 88.50 is possible next week. However, rebound would more likely ...
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After breaking above 0.9326 previous high resistance, AUDUSD dropped below 0.9254 key support, suggesting that a short term cycle top has been formed at 0.9368 level on 4-hour chart and ...
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