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Archive for October, 2009

Black Monday: Ancient History Or Imminent Future?

Friday, October 30th, 2009

By Nico Isaac

The following article includes analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free.

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Daily Forex Analysis – October 30, 2009

Friday, October 30th, 2009

USDCAD Analysis.
USDCAD is testing the support of the lower border of the rising price channel on 4-hour chart, a clear break below the channel support will suggest that the rise from1.0206 has completed at 1.0820 level already, then the following downtrend could take price back below 1.0206 previous low. However, as long as the channel support holds, we would expect uptrend to continue and another rise towards 1.0900 is still possible.

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Daily Forex Analysis – October 29, 2009

Thursday, October 29th, 2009

EURUSD Analysis.
EURUSD continues its sharp moving and the fall from 1.5062 extends to as low as 1.4693 level. Deeper decline is still in favor and next target would be at 1.4600-1.4650 area, and rebound is expected before breaking below 1.4600 level. Resistance level is now located at 1.4840, as long as this level holds, we’d expect downtrend to continue. However, above 1.4840 level will indicate that a short term cycle bottom has been formed and the downtrend from 1.5062 has completed.

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Daily Forex Analysis – October 28, 2009

Wednesday, October 28th, 2009

USDJPY Analysis.
Being contained by 92.53 resistance USDJPY pulled back from 92.32, suggesting that a short term cycle top is being formed on 4-hour chart. Key support is located at 91.57, a breakdown below this level will confirm the cycle top, then deeper decline towards the rising trend line from 88.01 to 88.83 is expected to follow. However, as long as 91.57 support holds, further rally is still possible, and a break above 92.32 level will indicate that the uptrend from 88.01 has resumed, then next target would be at 93.00 zone.

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Daily Forex Analysis – October 27, 2009

Tuesday, October 27th, 2009

USDJPY Analysis.
USDJPY remains in short term uptrend form 90.07. As long as 91.57 support holds, we’d expect uptrend to continue and further rise to test 92.53 resistance is possible later today, a breakout of this level will confirm that the downward trend from 97.78 (Aug 7 high) has completed at 88.01 level already. However, below 91.57 will indicate that minor consolidation of uptrend from 88.01 is underway, then pullback towards the rising trend line from 88.01 to 88.83 is expected to follow.

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Daily Forex Analysis – October 26, 2009

Monday, October 26th, 2009

GBPUSD Analysis.
Being contained by 1.6741 critical resistance, GBPUSD pulled back sharply from 1.6692 last week and reaches 1.6251 so far, suggesting that the uptrend from 1.5708 has completed. Now the fall from 1.6692 is more likely resumption of longer term downtrend from 1.7042 (Aug 5 high), deeper decline is still possible in a couple of days and next target would be at 1.6000 zone.

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Complimentary eBook: How to Survive Deflation

Sunday, October 25th, 2009

We want to tell you about a financial analyst who’s made the journey from fame to outcast and back. We want to tell you about the man who successfully forecast today’s investment environment when virtually everyone, everywhere said he was wrong.

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Earnings: Is That REALLY What’s Driving The DJIA Higher? The idea of earnings driving the broad stock market is a myth.

Friday, October 23rd, 2009

By Vadim Pokhlebkin

It’s corporate earnings season again, and everywhere you turn, analysts talk about the influence of earnings on the broad stock market:

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Daily Forex Analysis – October 23, 2009

Friday, October 23rd, 2009

USDCHF Analysis.
USDCHF stays below the falling trend line on 4-hour chart and remains in downtrend from 1.0452. As long as the trend line resistance holds, we’d expect downtrend to continue and deeper decline towards 0.9950-1.0000 area would more likely be seen later today. However, a clear break above the falling trend line will suggest that a short term cycle bottom has been formed and the downtrend from 1.0452 has completed already, then the following uptrend could take price back to 1.0300 zone.

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Get Your 8-Lesson ‘Conquer the Crash Collection’ Now!

Thursday, October 22nd, 2009

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