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Archive for April, 2012

Daily Forex Analysis – April 30, 2012

Monday, April 30th, 2012

GBPUSD Analysis.
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.5818. As long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.6400 area. On the downside, a clear break below the trend line will indicate that a cycle top has been formed and the rise from 1.5818 has completed, then the following downward movement could bring price back to 1.6000 zone.

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U.S. Financial System: Is It Finally Stable?

Friday, April 27th, 2012

By Elliott Wave International

Four years after we brushed up against "financial Armageddon," did you think you’d be reading this?

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Portugal’s Bailout, One Year Later: Were You Prepared in Advance?

Friday, April 27th, 2012

By Elliott Wave International

Make no mistake: The stakes for financial and economic survival in Europe are high. Seemingly everyone — from investment bloggers to financial television hosts — has something to say about the European debt crisis.

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Daily Forex Analysis – April 27, 2012

Friday, April 27th, 2012

EURUSD Analysis.
EURUSD stays within a upward price channel on 4-hour chart, and remains in uptrend from 1.2995, the fall from 1.3262 is treated as consolidation of the uptrend. As long as the channel support holds, uptrend could be expected to resume, and next target would be at 1.3300 area. On the other side, a clear break below the channel support will indicate that a cycle top has been formed at 1.3262, then the following downward movement could bring price to 1.2800 zone.

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Daily Forex Analysis – April 26, 2012

Thursday, April 26th, 2012

AUDUSD Analysis.
Being contained by 1.0225 support, AUDUSD rebounded from 1.0246, suggesting that a cycle bottom has been formed on 4-hour chart. Further rise to test 1.0463 key resistance would likely be seen, a break above this level will signal completion of the downtrend from 1.0855. However, as long as 1.0463 level holds, the price action from 1.0225 is treated as consolidation of the downtrend, and one more fall to 1.0000 is still possible after consolidation.

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European Central Bank: "Great White Fear" Takes A Bite Out of Recovery

Wednesday, April 25th, 2012

By Elliott Wave International

It’s been over two years since the European Central Bank began its open-heart surgery of the eurozone’s anemic economy. So far, the procedure has included an unprecedented $3 trillion-plus in bailouts, monetary transfusions, AND toxic debt transplants.

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Daily Forex Analysis – April 25, 2012

Wednesday, April 25th, 2012

USDJPY Analysis.
USDJPY stays in a downward price channel on 4-hour chart, and remains in downtrend from 84.17, the price action from 80.31 is likely consolidation of the downtrend.. Now the fall from 81.77 would possibly be resumption of the downtrend, another fall to 79.50 area is possible over the next several days. Key resistance is now at 81.77, only break above this level will indicate that the fall from 84.17 had completed at 80.31 already, the further rise to 83.00 could be seen.

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Daily Forex Analysis – April 24, 2012

Tuesday, April 24th, 2012

USDJPY Analysis.
Being contained by the upper border of the price channel on 4-hour chart, USDJPY pulls back from 81.77, suggesting that a cycle top is being formed. Deeper decline to test 80.31 previous low support would likely be seen later today, a breakdown below this level could signal resumption of the downtrend from 84.17, then next target would be at 79.50 area. Key resistance is now at 81.77, only break above this level could signal completion of the downtrend.

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Daily Forex Analysis – April 23, 2012

Monday, April 23rd, 2012

USDJPY Analysis.
USDJPY is testing the resistance of the upper line of the price channel on 4-hour chart. A clear break above the channel resistance will indicate that the downward movement from 84.17 has completed at 80.81 already, then the following upward move could bring price to 83.00 area. On the other side, as long as the channel resistance holds, the rise from 80.31 is treated as consolidation of the downtrend, and another fall is still possible after consolidation.

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Stock Market Turning Points: Has Wall Street Ever Warned You in Time?

Friday, April 20th, 2012

By Elliott Wave International

In the play "The Secret to Freedom," Pulitzer prize writer Archibald MacLeish had a character say this:

The only thing about a man that is a man is his mind. Everything else you can find in a pig or a horse.

MacLeish knew how to state the truth plainly.

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