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Archive for November, 2011

Daily Forex Analysis – November 21, 2011

Monday, November 21st, 2011

USDCHF Analysis.
USDCHF’s rise extended to as high as 0.9234 last week. Support remains at the lower line of the price channel on 4-hour chart, as long as the channel support holds, uptrend from 0.8569 could be expected to continue, and one more rise to test 0.9314 previous high resistance is still possible. On the other side, a clear break below the channel will indicate that a cycle top has been formed at 0.9234, and the rise has completed, then the following downward move could bring price back to 0.8000 zone.

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"Darkest Days" for the Economy: Behind Us, or Just Ahead?

Friday, November 18th, 2011

By Elliott Wave International

Many people still talk about a "recovery," or at worst only see a possible double-dip recession. But what if the mistake was to think the economy was only in a recession in the first place? It can’t "double-dip" when it never truly recovered:

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Daily Forex Analysis – November 17, 2011

Thursday, November 17th, 2011

USDCHF Analysis.
USDCHF stays within a upward price channel on 4-hour chart, and remains in uptrend from 0.8569. As long as the channel support holds, uptrend could be expected to continue, and further rise towards 0.9314 previous is possible. On the other side, a clear break below the lower border of the channel will indicate that the rise from 0.8569 had completed, then the following downward movement could bring price to 0.8000 zone.

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The Most Important Investment Report You’ll Read for 2012. A Free Report from EWI

Wednesday, November 16th, 2011

Elliott Wave International has just released a free report that will help you navigate the year ahead. You’ll get all of the indicators that they have been analyzing over the past year, with 25 eye-opening charts and 14 pages of straightforward commentary. As volatile as the markets have been and will likely continue to be, you owe it to yourself and your portfolio to download this free report.

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Daily Forex Analysis – November 16, 2011

Wednesday, November 16th, 2011

AUDUSD Analysis.
AUDUSD remains in downtrend from 1.0751, the rise from 1.0053 is treated as consolidation of downtrend. Key resistance is now at 1.0342, as long as this level holds, downtrend could be expected to resume, and another fall to 0.9800 is still possible. On the other side, a break above 1.0342 will indicate that the fall from 1.0751 had completed at 1.0053 already, then the following upward move could bring price to 1.0600 zone.

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Your Work Helps Me in a Very Practical Way

Tuesday, November 15th, 2011

By Elliott Wave International

Robert Prechter offers a broad overview of the Wave Principle in this interview clip with The Mind of Money host, Douglass Lodmell. As Bob explains, "The work we do is so different from what other people do." Enjoy listening to Bob explain how the Wave Principle differs from fundamental analysis and how it can help you to anticipate important turns and changes in the markets.

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What Are the BEST Technical Indicators for Successful Trading?

Tuesday, November 15th, 2011

By Elliott Wave International

You may have seen a TV ad where "traders" describe their strategies, and one says, "I trade on fundamentals." That sounds very reassuring — except that, on any given day, "fundamentals" are a mixed bag:

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Daily Forex Analysis – November 15, 2011

Tuesday, November 15th, 2011

USDCAD Analysis.
USDCAD stays in a trading range between 1.0055 and 1.0265. The price action in the range is treated as consolidation of uptrend from 0.9891. As long as 1.0055 key support holds, another rise towards 1.0400 is still possible, and a break above 1.0265 could signal resumption of uptrend. On the downside, a breakdown below 1.0055 will indicate that the rise from 0.9891 had completed at 1.0265 already, then the following downward move could bring price to 0.9600 zone.

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Daily Forex Analysis – November 14, 2011

Monday, November 14th, 2011

USDCHF Analysis.
USDCHF remains in uptrend from 0.8569, the fall from 0.9148 is likely consolidation of uptrend. Support is now at the lower border of the price channel on 4-hour chart, as long as the channel support holds, uptrend could be expected to resume, and another rise towards 0.9314 previous high is still possible. However, a clear break below the channel will indicate that the rise from 0.8569 had completed at 0.9148 already, then the following downward move could bring price to 0.8000 zone.

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Daily Forex Analysis – November 11, 2011

Friday, November 11th, 2011

USDCHF Analysis.
USDCHF’s rise extended to as high as 0.9148, the subsequent pullback is treated as consolidation of uptrend. Support remains at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to resume, and another rise towards 0.9314 previous high is still possible. On the other side, a clear break below the trend line will indicate that a cycle top has been formed at 0.9148, and the rise from 0.8569 has completed.

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