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Archive for March, 2009

Prechter Legislature Video

Wednesday, March 18th, 2009

I want to share with you a FREE 30-minute video that might just change the way you think about government’s response to the unfolding financial crisis. Please learn more below or get access to the video now.

If you’re even remotely worried about what the government is doing to combat the financial crisis, please continue reading.

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Daily Forex Analysis – March 18, 2009

Wednesday, March 18th, 2009

GBPUSD Analysis.
GBPUSD remains in short term uptrend from 1.3654 though the pullback from 1.4231 has extended to 1.3964 level. One more rise to test 1.4305 key resistance is still possible after consolidation and a break above this level will indicate that the fall from 1.4985 has completed at 1.3654 level already, and then the following uptrend could bring price to 1.4600 zone. Near term support is at 1.3940 followed by 1.3875, only fall below 1.3875 will suggest that the fall from 1.4231 is resumption of the downtrend from 1.4985, and then deeper decline could be seen to 1.3550-1.3600 area.

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Daily Forex Analysis – March 17, 2009

Tuesday, March 17th, 2009

EURUSD Analysis.
EURUSD breaks above 1.2991 (Feb 23 high) medium term key resistance, suggesting that the fall from 1.4719 (Dec 18, 2008 high) has completed at 1.2456 level. Further rally is expected to 1.3200 in a couple of days. Near term support is now located at 1.2848, as long as this level holds, we’d expect the short term uptrend from 1.2456 to continue.
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Daily Forex Analysis – March 16, 2009

Monday, March 16th, 2009

AUDUSD Analysis.
AUDUSD remains in short term uptrend from 0.6284. Further rise is still possible to 1.6700 zone later to days. Near term support is now located at the lower border of the price channel on 4-hour chart. Break below the channel support will indicate that a short term cycle top has been formed and then pullback could be seen to 0.6350 zone.

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Daily Forex Analysis – March 13, 2009

Friday, March 13th, 2009

GBPUSD Analysis.
GBPUSD remains in downtrend from 1.4661 and the rise from 1.3654 is treated as correction of the downtrend. Near term resistance is located at 1.4100, as long as this level holds, we’d expect downtrend to resume, and one more fall to 1.3550 is still possible after correction. Only rise above 1.4100 will indicate that a short term cycle bottom has been formed at 1.3654 level on 4-hour chart and further rally could be seen to test 1.4305 resistance.

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6 Questions You Should Be Asking About the Financial Crisis (And 6 Must-Read Answers)

Thursday, March 12th, 2009

Elliott Wave International, the world’s largest market forecasting firm, receives thousands of questions every year from web site visitors and subscribers on their free Message Board.

Here the company shares 6 of the recent critical questions on the financial crisis and 6 answers provided by their professional analysts.

For more free questions and answers or to submit your own question, visit Elliott Wave International’s Message Board.

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Daily Forex Analysis – March 12, 2009

Thursday, March 12th, 2009

USDCHF Analysis.
USDCHF is in downtrend from 1.1848, and the price action from 1.1484 is treated as consolidation of the downtrend. Deeper decline is still possible in next several days, and next target would be at 1.1300 zone. Key resistance is located at 1.1681, only rise above this level will indicate that the pair is back to range trading between 1.1430 and 1.1883.

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Daily Forex Analysis – March 11, 2009

Wednesday, March 11th, 2009

USDJPY Analysis.
USDJPY continues to move sideways between 96.56 and 99.67. The price action in this range is treated as consolidation of the medium term uptrend from 87.12 (Jan 21 low). As long as 96.56 support holds, we’d expect the uptrend to resume, and one more rise towards 102.00 is still possible after consolidation. However, below 96.56 will indicate that the rise from 87.12 has completed at 99.67, and then the following downtrend will take price to 93.00 zone.

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Daily Forex Analysis – March 10, 2009

Tuesday, March 10th, 2009

EURUSD Analysis.
EURUSD breaks below 1.2601 key support, suggesting that a short term cycle top has been formed at 1.2754 level on 4-hour chart. Consolidation in a range between 1.2456 and 1.2754 is expected in a couple of days, and deeper decline to 1.2400 would more likely be seen after consolidation. Initial resistance is at 1.2754, only rise above this level will signal further rally to test 1.2991 previous high resistance.

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Daily Forex Analysis – March 9, 2009

Monday, March 9th, 2009

USDCHF Analysis.
USDCHF broke below 1.1600 key support last week, suggesting that a short term cycle top has been formed at 1.1848 level on 4-hour chart. Deeper decline to test 1.1459 level is possible later today, below this level will indicate that the rise from 1.0366 (Dec 29, 2008 low) has completed and deeper decline could be seen to 1.1000 zone.

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