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Archive for November, 2012

In 1929, Deflation Started in Europe Before Overtaking the U.S.

Friday, November 30th, 2012

By Elliott Wave International

More than 1,500 years after the fact, scholars still debate the causes of the Roman Empire’s fall.

What historians do agree on is that the crumbling empire’s final days were marked by economic contraction, a struggle to fund Rome’s routine affairs and excessive debt.

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Daily Forex Analysis – November 30, 2012

Friday, November 30th, 2012

USDCAD Analysis.
USDCAD moves sideways in a narrow range between 0.9905 and 0.9960. The price action in the range is likely consolidation of the downtrend from 1.0055. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall to test 0.9874 support is possible after consolidation. On the upside, a clear break above the channel resistance will suggest that the downtrend from 1.0055 has completed at 0.9905 already, then the following upward movement could bring price to 1.0100 area.

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Daily Forex Analysis – November 29, 2012

Thursday, November 29th, 2012

USDCAD Analysis.
USDCAD remains in downtrend from 1.0055, the bounce from 0.9905 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and another fall to test 0.9874 support could be seen, a breakdown below this level will confirm that the longer term uptrend from 0.9632 (Sep 14) had completed at 1.0055 already, then the following downward move could bring price to 0.9700 area. On the upside, a clear break above the channel resistance will indicate that the downward movement from 1.0055 is complete, then further rise towards 1.0100 could be expected.

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USD/JPY: Lemons into Lemonade

Wednesday, November 28th, 2012

By Elliott Wave International

Elliott wave analysis is not a crystal ball. (No market-forecasting method is.)

But here’s what is remarkable: Even when your Elliott wave forecast doesn’t pan out, you have built-in safeguards to alert you — and help you manage risk. Here’s a real-life example.

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Daily Forex Analysis – November 28, 2012

Wednesday, November 28th, 2012

USDCAD Analysis.
USDCAD breaks above the downward trend line on 4-hour chart, suggesting that consolidation of the downtrend from 1.0055 is underway. Range trading between 0.9905 and 1.0000 would likely be seen. Key resistance is at 1.0000, as long as this level holds, the downtrend could be expected to resume after consolidation, and another fall towards 0.9632 (Sep 14) low is possible. On the upside, a break above 1.0000 will indicate that the uptrend from 0.9632 has resumed, then further rise to 1.0100 area could be seen.

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Daily Forex Analysis – November 27, 2012

Tuesday, November 27th, 2012

USDCAD Analysis.
USDCAD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0055. As long as the trend line resistance holds, the downtrend could be expected to continue, and further decline to test 0.9874 support could be seen. On the upside, a clear break above the trend line resistance will suggest that a cycle bottom has been formed at 0.9914, then the following upward movement could bring price back towards 1.0055 previous high.

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Daily Forex Analysis – November 26, 2012

Monday, November 26th, 2012

AUDUSD Analysis.
AUDUSD is facing 1.0480 resistance, a break above this level will confirm that the uptrend from 1.0149 (Oct 8 low) has resumed, then further rise towards 1.0550 could be seen. Support is at the upward trend line on 4-hour chart, only a clear break below the trend line will suggest that lengthier consolidation of  the uptrend is underway, then sideways movement in a rang between 1.0287 and 1.0480 could be seen.

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Daily Forex Analysis – November 23, 2012

Friday, November 23rd, 2012

USDCAD Analysis.
Being contained by the support of the the lower line of the price channel on 4-hour chart, USDCAD rebounds from 0.9952, suggesting that a cycle bottom is being formed. Resistance is at 0.9995, a break above this level will indicate that the uptrend from 0.9632 (Sep 14 low) has resumed, then further rise towards 1.0100 could be expected. However, as long as 0.9995 resistance holds, another fall to re-test the channel support is still possible, a clear break below the channel support will indicate that the uptrend from 0.9632 has completed at 1.0055 already, then deeper decline to test 0.9874 key support could be seen.

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Which Works Best — GPS or Road Map? (Part 3)

Thursday, November 22nd, 2012

By Elliott Wave International

(Here are Part 1 and Part 2 of this article.)

Think of Investing as a Trip

Here’s my advice: View the Elliott wave Principle as your road map to the market and your investment idea as a trip.

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Daily Forex Analysis – November 22, 2012

Thursday, November 22nd, 2012

AUDUSD Analysis.
AUDUSD is in uptrend from 1.0287, the fall from 1.0423 is likely correction of the uptrend. Another rise could be expected after correction, and the target would be at 1.0550 area. Key support is at 1.0287, only break below this level could trigger another fall towards 1.0200.

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