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Archive for October, 2009

Daily Forex Analysis – October 22, 2009

Thursday, October 22nd, 2009

EURUSD Analysis.
EURUSD runs in a rising price channel on 4-hour chart and continue its upward trend from 1.4484. Further rally is still in favor and next target would be at 1.5100 zone. Support is now at the lower border of the price channel, as long as the channel support holds, uptrend will continue. However, a breakdown below 1.4827 key support will indicate that the rise from 1.4484 has completed, then the following pullback will take price to 1.4700-1.4750 area.

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Gold and Silver eBook

Wednesday, October 21st, 2009

Only you can answer the first question; we’ve written this letter to help you with the second.

Gold bugs have long touted the yellow metal’s time-tested store of value. But, contrary to popular opinion, gold isn’t always the best investment when times get tough – and we have the analysis to prove it.

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Daily Forex Analysis – October 21, 2009

Wednesday, October 21st, 2009

USDJPY Analysis.
USDJPY stays above a rising trend line from 88.01 to 88.83 and remains in uptrend. Range trading between 90.07 and 91.31 is expected later today. Key resistance is at 91.31, a break above this level will indicate that the uptrend from 88.01 has resumed, then next target would be at 92.00 zone. Key support is at the rising trend line now at 89.65, only fall below this level will indicate that the uptrend from 88.01 has completed.

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Daily Forex Analysis – October 20, 2009

Tuesday, October 20th, 2009

USDJPY Analysis.
USDJPY is in uptrend from 88.01, the fall from 91.31 is treated as consolidation of uptrend. Trading in a range between 90.00 and 91.31 is expected later today and pullback to the rising trend line from 88.01 to 88.83 to reach the next short term cycle bottom on 4-hour chart would more likely be seen by the end of consolidation. Resistance level is located at 91.31, above this level will suggest that the uptrend has resumed, then next target would be at 92.00 zone. Key support is at the rising trend line now at 89.50, only fall below this level will indicate that the uptrend from 88.01 has completed.

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Daily Forex Analysis – October 19, 2009

Monday, October 19th, 2009

EURUSD Analysis.
EURUSD breaks below the rising support trend line on 4-hour chart, suggesting lengthier consolidation of uptrend from 1.4484 is underway. Range trading between 1.4780 and 1.4966 is expected to follow, and a short term cycle bottom is expected to be formed above 1.4780 support. However, below 1.4780 will signal deeper decline to 1.4600 area. Key resistance is now at 1.4966, a break above this level will indicate that the uptrend from 1.4484 has resumed, then another rise towards 1.5100 could be seen.

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Daily Forex Analysis – October 16, 2009

Friday, October 16th, 2009

USDCAD Analysis.
USDCAD rebounded from 1.0206, suggesting that a short term cycle bottom is being formed on 4-hour chart. Range trading between 1.0206 and 1.0450 is expected in next several days. However, the rise from 1.0206 is treated as consolidation of downtrend from 1.0991, as long as 1.0450 resistance holds, we’d expect downtrend to resume and deeper decline towards 1.0000 is still possible after consolidation.

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How to Prepare for the Coming Crash and Preserve Your Wealth

Thursday, October 15th, 2009

By Susan Walker

As was widely reported in the dark days of late February and early March 2009, Robert Prechter called for the start of the biggest stock market rally since the 2007 high. Since then, the S&P has soared more than 60 percent in just six months to reach his target zone of 1000-1100. — Read More

Daily Forex Analysis – October 15, 2009

Thursday, October 15th, 2009

USDJPY Analysis.
USDJPY formed a short term cycle top at 90.45 level on 4-hour chart. Range trading between 88.83 and 90.45 is possible later today. However, the price action from 90.45 is more likely consolidation of uptrend from 88.01, another rise to test 90.45 key resistance is still possible after consolidation, and a break above this level will indicate that the downtrend from 97.78 (Aug 7 high) has completed at 88.01 level already, then the following uptrend could take price to 92.00 or even 94.00 zone. On the down side, below 88.83 will signal another fall to test 88.01 key support.

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Read the 2nd Edition of the Bestseller that Forecast the Meltdown

Wednesday, October 14th, 2009

Mark Hulbert’s Sept. 11, 2009, column for MarketWatch.com says, Robert Prechter “came the closest … to forecasting what was about to take place.” One thing the noted financial columnist left out was that many of Prechter’s forecasts still lie in the future. The long-awaited second edition of Prechter’s bestseller, Conquer the Crash, is finally here! Prudent investors should read his prescient insights, what he believes is still ahead and what you can do to protect your wealth today. Learn more about the special pre-order offer for Robert Prechter’s bestseller, Conquer the Crash, Second Edition.

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Daily Forex Analysis – October 14, 2009

Wednesday, October 14th, 2009

AUDUSD Analysis.
AUDUSD remains in uptrend from 0.8567 and the fall from 0.9125 is more likely consolidation of uptrend. Range trading between 0.8984 and 0.9125 is expected later today. As long as 0.8984 key support holds, we would expect uptrend to resume and another rise towards 0.9200 is still possible after consolidation. However, below 0.8940 level will indicate that a short term cycle top has been formed on 4-hour chart and the rise from 0.8567 has completed at 0.9125 level already, then the following pullback would take price to 0.8850-0.8900 area.

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