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Archive for August, 2011

Daily Forex Analysis – August 30, 2011

Tuesday, August 30th, 2011

USDCHF Analysis.
USDCHF’s upward move from 0.7067 extended further to as high as 0.8240. Support is now at 0.8075, as long as this level holds, uptrend could be expected to continue, and another rise to 0.8400 is still possible. On the other side, a breakdown below 0.8075 support will suggest that a cycle top is being formed on 4-hour chart, then consolidation of uptrend could be seen to follow.

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Daily Forex Analysis – August 29, 2011

Monday, August 29th, 2011

GBPUSD Analysis.
GBPUSD rebounded from 1.6208, suggesting that a cycle bottom has been formed on 4-hour chart. Range trading between 1.6208 and 1.6460 is expected in a couple of days, as long as 1.6460 resistance holds, the rise from 1.6208 is treated as consolidation of downtrend from 1.6617, and one more fall towards 1.6000 is still possible after consolidation.

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Behind Closed Doors at the Fed: Ten Years of Research into America’s Central Bank

Saturday, August 27th, 2011

By Elliott Wave International

During the past few years, The Federal Reserve has engaged in a "deliberate inflating policy."

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Daily Forex Analysis – August 26, 2011

Friday, August 26th, 2011

USDCHF Analysis.
USDCHF moved sideways without trend in  a range between 0.7769 and 0.8014. Lengthier consolidation in the range is still possible in a couple of days. Key support is at 0.7769, as long as this level holds, one more rise to 0.8200 could be expected. However, a breakdown below 0.7769 will indicate that the uptrend from 0.7067 has completed at 0.8014 already, then the following downward move could bring price back to 0.7500 area.

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Daily Forex Analysis – August 25, 2011

Thursday, August 25th, 2011

USDCHF Analysis.
USDCHF moved sideways in a narrow range between 0.7769 and 0.8014. The sideways move is treated as consolidation of uptrend from 0.7067, as long as 0.7769 support holds, one more rise to 0.8200 is possible. On the downside, a breakdown below 0.7769 will indicate that the rise from 0.7067 has completed at 0.8014 already, then the following downtrend could take price back to 0.7500 zone.

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Daily Forex Analysis – August 24, 2011

Wednesday, August 24th, 2011

AUDUSD Analysis.
AUDUSD has formed a cycle bottom at 1.0315 on 4-hour chart. Further rise to test 1.0601 resistance is expected later today, a break above this level could signal resumption of uptrend. Initial support is at the lower border of the price channel on 4-hour chart, only a clear break below the channel support could indicate that lengthier consolidation of uptrend is underway, then pullback to 1.0100 area could be seen.

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Daily Forex Analysis – August 23, 2011

Tuesday, August 23rd, 2011

EURUSD Analysis.
Being contained by 1.4535 resistance, EURUSD pulled back from 1.4517, suggesting that the rise from 1.4055 has completed. Another fall towards 1.3900 would likely be seen, and a breakdown below 1.4259 could signal resumption of downtrend. On the upside, above 1.4535 resistance will indicate that the longer term uptrend from 1.3837 has resumed, then next target would be at 1.4750 area.

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Daily Forex Analysis – August 22, 2011

Monday, August 22nd, 2011

USDCHF Analysis.
USDCHF moved sideways in a range between 0.7769 and 0.8014. Key support is at 0.7769, as long as this level holds, the price action in the range is treated as consolidation of uptrend, and one more rise to 0.8100 area is still possible. On the other side, a breakdown below 0.7769 could indicate that a cycle top  has been formed at 0.8014 on 4-hour chart, and the rise from 0.7067 has completed, then the following downward move could bring price back to 0.7500 zone.

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Last chance for Robert Prechter’s Free "Critical Juncture" Report

Friday, August 19th, 2011

The Dow has plummeted over 2000 points in the past weeks and it seems like volatility is here to stay.

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Daily Forex Analysis – August 19, 2011

Friday, August 19th, 2011

USDCHF Analysis.
USDCHF stays in a trading range between 0.7769 and 0.8014. The price action in the range is treated as consolidation of uptrend from 0.7067. As long as 0.7769 support holds, uptrend could be expected to resume, and another rise to 0.8250 is possible. On the other side, a breakdown below 0.7769 could indicate that a cycle top has been formed at 0.8014 already, and the rise from 0.7067 has completed, then the following downward move could bring price back to 0.7500 area.

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