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Archive for June, 2012

Daily Forex Analysis – June 22, 2012

Friday, June 22nd, 2012

GBPUSD Analysis.
GBPUSD breaks below 1.5600 support, suggesting that a cycle top has been formed at 1.5776 on 4-hour chart. Now the pair is facing the support of the upward trend line on 4-hour chart, as long as the trend line support holds, the fall from 1.5776 could be treated as consolidation of the uptrend from 1.5268, and one more rise to 1.5900 is still possible. On the downside, a clear break below the trend line support will indicate that the uptrend from 1.5268 has completed at 1.5776 already then the following downward movement could bring price back to test 1.5268 previous low support.

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Lessons to Help You Find Trading Opportunities: Complimentary Report

Thursday, June 21st, 2012

Free Report: 6 Lessons to Help You Find Trading Opportunities in Any Market
Elliott Wave International (EWI) has just released a free report that will teach you how to use your charts to spot trading opportunities in the markets you trade. Created from EWI’s $79 courses, it’s free until July 2. Get your free report.

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Daily Forex Analysis – June 21, 2012

Thursday, June 21st, 2012

EURUSD Analysis.
EURUSD fails to break above 1.2747 resistance. Range trading between 1.2500 and 1.2747 would likely be seen in a couple of days. As long as 1.2500 support holds, the price action from 1.2747 is treated as consolidation of the uptrend from 1.2288, and another rise to 1.2800-1.2900 area is possible. On the downside, a breakdown below 1.2500 will indicate that the uptrend from 1.2288 has completed, then further decline towards 1.2000 could be seen.

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S&P 500: Did the 13.74-Point Rally Finish the Move?

Wednesday, June 20th, 2012

By Elliott Wave International

There were few "fundamental" reasons to be bullish on U.S. stocks on Friday morning (June 15).

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Daily Forex Analysis – June 20, 2012

Wednesday, June 20th, 2012

EURUSD Analysis.
EURUSD remains in uptrend from 1.2288, the price action from 1.2747 is treated as consolidation of the uptrend. Key support is at 1.2500, as long as this level holds, another rise to 1.2800-1.2900 area is still possible after consolidation, and a break above 1.2747 could signal resumption of the uptrend. On the other side, a breakdown below 1.2500 will indicate that the rise from 1.2288 has completed at 1.2747 already then the following downward movement could bring price to 1.2000 zone.

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Daily Forex Analysis – June 19, 2012

Tuesday, June 19th, 2012

EURUSD Analysis.
EURUSD breaks below the upward trend line on 4-hour chart, suggesting that lengthier consolidation of the uptrend from 1.2288 is underway. Support is at 1.2500, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.2800 is still possible. On the downside, a breakdown below 1.2500 will indicate that the uptrend from 1.2288 has completed at 1.2747 already, then the following downward movement could bring price to 1.2000 area.

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Daily Forex Analysis – June 18, 2012

Monday, June 18th, 2012

USDCHF Analysis.
USDCHF breaks below 0.9478 support and reaches as low as 0.9421. Further decline could be expected after a minor consolidation, and next target would be at 0.9300 area. Initial resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend will continue.

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S&P 500: Elliott Wave Forecasts, Simplified

Friday, June 15th, 2012

By Elliott Wave International

Here’s what Elliott wave analysis is all about: You study charts to find non-overlapping 5-wave moves (trend-defining) from overlapping 3-wave ones (corrective, countertrend).

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EWI’s Famous FreeWeek is Here: 7 Days of FREE forecasts for DJIA, S&P 500 and NASDAQ!

Friday, June 15th, 2012

Our friends at Elliott Wave International have just announced the beginning of their popular FreeWeek event, where they throw open the doors for you to test-drive some of their most popular premium services — at ZERO cost to you.

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Daily Forex Analysis – June 15, 2012

Friday, June 15th, 2012

USDJPY Analysis.
USDJPY stays in a narrow range between 79.11 and 79.78. Initial support is located at 79.11, as long as this level holds, the sideways movement is treated as consolidation of the short term uptrend from 77.66, and another rise to test 80.61 key resistance could be expected. On the other side, a breakdown below 79.11 will indicate that a cycle top has been formed at 79.78 on 4-hour chart, then further decline to 78.00-78.50 area could be seen.

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