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Archive for December, 2012

Daily Forex Analysis – December 18, 2012

Tuesday, December 18th, 2012

AUDUSD Analysis.
AUDUSD moves sideways in a range between 1.0507 and 1.0585. Support remains at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the sideways move could be treated as consolidation of the uptrend from 1.0287, and another rise to test 1.0624 (Sep 14 high) is still possible after consolidation, only a clear break below the channel support could signal completion of the uptrend.

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Daily Forex Analysis – December 17, 2012

Monday, December 17th, 2012

AUDUSD Analysis.
AUDUSD has formed a cycle top at 1.0585 on 4-hour chart. Sideways movement in a range between 1.0500 and 1.0585 would likely be seen. Key support is located at the lower line of the price channel, as long as the channel support holds, the price action from 1.0585 is treated as consolidation of the uptrend from 1.0287, and another rise towards 1.0624 (Sep 14 high) could be expected after consolidation. However, a clear break below the channel support will suggest that the uptrend from 1.0287 had completed at 1.0585 already, then the following downward movement could bring price back to 1.0000 zone.

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Prechter: "This is Not a Picture of a Bull Market"

Saturday, December 15th, 2012

By Elliott Wave International

What a comeback for the Dow Industrials!

From a March 9, 2009, close of 6,547, the senior index climbed to 13,610 on Oct. 5, 2012.

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Learn to apply Moving Averages to your trading with this Free eBook

Friday, December 14th, 2012

Robert Prechter’s Elliott Wave International (EWI) has just released a free 10-page trading eBook: How You Can Find High-Confidence Trading Opportunities Using Moving Averages, by Senior Analyst Jeffrey Kennedy.

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Daily Forex Analysis – December 14, 2012

Friday, December 14th, 2012

AUDUSD Analysis.
Being contained by 1.0624 (Sep 14 high) resistance, AUDUSD pulls back from 1.0585, suggesting that a cycle top is being formed on 4-hour chart. Range trading between 1.0500 and 1.0585 would likely be seen in a couple of days. As long as the channel support holds, the fall would possibly be consolidation of the uptrend from 1.0287, and another rise to test 1.0624 resistance is still possible. On the downside, a clear break below the channel support will suggest that the uptrend from 1.0287 has completed at 1.0585 already, then the following downward movement could bring price back to 1.0000 zone.

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Daily Forex Analysis – December 13, 2012

Thursday, December 13th, 2012

USDCAD Analysis.
USDCAD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0055, and the fall extends to as low as 0.9844. Further decline could be expected after a minor consolidation, and next target would be at 0.9800 area. Initial resistance is at 0.9880, and the key resistance is located at the downward trend line, only a clear break above the trend line resistance could signal completion of the downtrend.

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Social Mood and Elections Paper #3 Among Top 10 Most Downloaded from SSRN

Tuesday, December 11th, 2012

By Elliott Wave International

In the wake of the Presidential election, the Social Science Research Network (SSRN) reports that the study, "Social Mood, Market Performance and U.S. Presidential Elections" has earned the #3 spot among the most-downloaded papers in the past 12 months.

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Daily Forex Analysis – December 11, 2012

Tuesday, December 11th, 2012

AUDUSD Analysis.
AUDUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will indicate that the uptrend from 1.0287 has completed at 1.0515 already, then the following downward movement could bring price back to 1.0000 zone. On the upside, as long as the trend line support holds, the fall from 1.0515 could be treated as consolidation of the uptrend, and one more rise to 1.0550 area is still possible.

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Daily Forex Analysis – December 10, 2012

Monday, December 10th, 2012

AUDUSD Analysis.
AUDUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.0287. As long as the trend line support holds, the uptrend could be expected to continue, and further rise to 1.0550 area is still possible. On the downside, a clear break below the trend line support will suggest that a cycle top has been formed at 1.0515, and the uptrend has completed, then the following downward movement could bring price back to 1.0000 zone.

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The Elections Paper: Socionomics and Politics Achieve Peer Review [Free Video]

Friday, December 7th, 2012

By Elliott Wave International

On Nov. 2, 2012, the latest research paper from the Socionomics Institute, "Social Mood, Stock Market Performance and US Presidential Elections," published in Sage Open, a peer-reviewed journal of the social and behavioral sciences.

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