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Archive for March, 2010

Daily Forex Analysis – March 24, 2010

Wednesday, March 24th, 2010

EURUSD Analysis.
Being contained by 1.3435 support, EURUSD formed a sideways consolidation in a narrow range. The sideways movement is more likely consolidation of downtrend from 1.3817, a breakdown below 1.3435 will indicate that the longer term downtrend from 1.5144 (Nov 25, 2009 high) has resumed, then another fall towards 1.3200 could be seen. Resistance is at 1.3650, only rise above this level could take price back to range trading between 1.3435 and 1.3817.

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Daily Forex Analysis – March 23, 2010

Tuesday, March 23rd, 2010

EURUSD Analysis.
Being contained by 1.3435 previous low support, EURUSD bounces from 1.3463 level. Sideways movement above 1.3435 is expected before breaking below this level. Resistance is now at 1.3650, only rise above this level could indicate that lengthier consolidation in a range between 1.3435 and 1.3817 is underway.

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Daily Forex Analysis – March 22, 2010

Monday, March 22nd, 2010

EURUSD Analysis.
EURUSD broke below the lower border of the price channel on 4-hour chart, suggesting that a cycle top has been formed at 1.3817 level on 4-hour chart and the bounce from 1.3435 has completed. Deeper decline to test 1.3435 support could be expected later today, a breakdown below this level will signal resumption of long term downtrend from 1.5144 (Nov 25, 2009 high), then another fall towards 1.3200 could be seen.

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Take Time from March Madness for 2010’s Most Important Investment Report

Saturday, March 20th, 2010

By Editorial Staff

You got your brackets filled out before the NCAA Men’s Basketball Tournament’s opening game on Thursday afternoon. Good — now sit back and enjoy the games. But if you’re looking for a good read during the numerous and lengthy time outs, we’ve got just the thing. It’s the most important investment report you will read in 2010. Forget the theoretical and hypothetical sorts of analysis that occupy so much space online. Bob Prechter gives 22 real-life examples of how deflation is beginning to spread in the U.S. economy — along with 13 charts that make the examples even clearer.

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Daily Forex Analysis – March 19, 2010

Friday, March 19th, 2010

USDCHF Analysis.
USDCHF broke above 1.0639 resistance, suggesting that a cycle bottom has been formed at 1.0506 level on 4-hour chart. Sideways movement above 1.0506 is expected in a couple of days. Key resistance is now at the falling price channel on 4-hour chart. As long as the channel resistance holds, one more fall towards 1.0450 is possible. However, a clear break above the channel resistance will indicate that the fall from 1.0898 has completed, then the following uptrend could take price back to re-test 1.0898 resistance.

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Daily Forex Analysis – March 18, 2010

Thursday, March 18th, 2010

USDJPY Analysis.
USDJPY stays in a trading range between 89.53 and 91.08. Another fall to test 89.63 would more likely be seen later today. As long as this level holds, the price action in the trading range is treated as consolidation of uptrend from 88.14 and one more rise to 91.50-92.00 area could be expected after consolidation. However, below 89.63 will suggest that the bounce from 88.14 has completed at 91.08 already, then the following downward movement could bring price to 87.00 area.

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What To Do With Your Pension Plan

Wednesday, March 17th, 2010

Enjoy your 8 free chapters from Prechter’s Conquer the Crash — the book that foresaw what others have missed.

By Editorial Staff

There is no question that Robert Prechter’s Conquer the Crash foresaw and explained nearly every chapter of today’s financial crisis, years before it happened. Enjoy your 8 free chapters from the book with this free Club EWI report; here’s a quick excerpt from chapter 23, "What To Do With Your Pension Plan." Note especially the last two paragraphs.

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Daily Forex Analysis – March 17, 2010

Wednesday, March 17th, 2010

AUDUSD Analysis.
AUDUSD stays in a rising price channel on 4-hour chart and remains in uptrend from 0.8801. Further rally is still possible in a couple of days and next target would be at 0.9250-0.9300 area. Support is at the lower border of the price channel, as long as the channel support holds, uptrend may be expected to continue. Key support is at 0.9095, only fall below this level will indicate that the rise from 0.8801 has completed.

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What Can Movies Tell You About the Stock Market?

Tuesday, March 16th, 2010

By Editorial Staff

The following article is adapted from a special report on "Popular Culture and the Stock Market" published by Robert Prechter, founder and CEO of the technical analysis and research firm Elliott Wave International. Although originally published in 1985, "Popular Culture and the Stock Market" is so timeless and relevant that USA Today covered its insights in a recent Nov. 2009 article. For the rest of this revealing 50-page report, download it for free here.

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Daily Forex Analysis – March 16, 2010

Tuesday, March 16th, 2010

EURUSD Analysis.
EURUSD’s bounce extended to 1.3795 only. The following pullback suggests that a cycle top is being formed on 4-hour chart. Now the fall from 1.0154 could possibly be resumption of downtrend from 15144 (Nov 25, 2009 high), another fall to 1.3200-1.3300 area may be expected and a breakdown below 1.3530 could confirm such case. However, above 1.3795 will indicate that the pair remains in upward movement from 1.3435, then further rally could be seen to 1.3850 or even 1.3935.

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