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Archive for January, 2013

Last Chance for Your Free 40-Page Download: The Most Important Investment Report You’ll Read for 2013

Thursday, January 31st, 2013

Exclusive invitation: Our friends at Elliott Wave International have just released their new 40-page independent investor report, The State of the Global Markets — 2013 Edition: The Most Important Investment Report You’ll Read This Year. On an exclusive, limited-time basis, they’ve allowed us to share it with you for FREE. But your free access to the report expires soon, so please learn more now. Learn more and download your 40-page report now >>

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Daily Forex Analysis – January 31, 2013

Thursday, January 31st, 2013

USDCHF Analysis.
USDCHF’s downward movement from 0.9388 extends to as low as 0.9093. The pair is now facing 0.9083 previous low support, a breakdown below this level will indicate that the longer term downtrend from 0.9971 (Jul 24, 2012 high) has resumed, then further decline towards 0.8500 could be seen. Initial resistance is at 0.9150, and the key resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could bring price back to 0.9400 zone.

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Daily Forex Analysis – January 30, 2013

Wednesday, January 30th, 2013

USDCHF Analysis.
USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9388, and the fall extends to as low as 0.9193. Resistance is at the trend line, as long as the trend line resistance holds, further decline is still possible after a minor consolidation, and next target would be at 0.9100 area. On the upside, a clear break above the trend line resistance will indicate that a cycle bottom is being formed and consolidation of the downtrend is underway.

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Moving Averages Can Identify a Trade – FREE Lesson

Tuesday, January 29th, 2013

By Elliott Wave International

Moving averages are a popular tool for technical traders because they can "smooth" price fluctuations in any chart. EWI Senior Analyst Jeffrey Kennedy gives a clear definition:

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Daily Forex Analysis – January 29, 2013

Tuesday, January 29th, 2013

AUDUSD Analysis.
AUDUSD remains in downtrend from 1.0597, the rise from 1.0384 is likely consolidation of the downtrend. Resistance is at 1.0500, as long as this level holds, the downtrend could be expected to resume, and another fall to 1.0350 area is still possible. On the upside, a break above 1.0500 will indicate that the downtrend from 1.0597 has completed at 1.0384 already, then the following upward movement could bring price to 1.0700 zone.

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Daily Forex Analysis – January 28, 2013

Monday, January 28th, 2013

USDCHF Analysis.
USDCHF stays below a downward trend line on 4-hour chart, and remains in downtrend from 0.9388 and the fall extends to as low as 0.9222. Further decline is still possible after a minor consolidation and next target would be at 0.9150 area. Initial resistance is at the trend line, and the key resistance is located at 0.9325, only break above this level could signal completion of the downtrend.

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The Last Believers: Government Grabs the Bag with Both Hands

Friday, January 25th, 2013

By Elliott Wave International

The following is a sample from Elliott Wave International’s new 40-page report, The State of the Global Markets — 2013 Edition: The Most Important Investment Report You’ll Read This Year. This article was originally published in the October 2012 issue of The Elliott Wave Financial Forecast.

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Daily Forex Analysis – January 25, 2013

Friday, January 25th, 2013

GBPUSD Analysis.
GBPUSD’s downward movement from 1.6176 extends to as low as 1.5756. Initial resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.5700 area. Key resistance is at 1.5900, only break above this level could signal completion of the downtrend.

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Daily Forex Analysis – January 24, 2013

Thursday, January 24th, 2013

EURUSD Analysis.
EURUSD stays in a trading range between 1.3256 and 1.3403. As long as 1.3256 support holds, the price action in the range is treated as consolidation of the uptrend from 1.2998 and another rise towards 1.3500 is still possible after consolidation. Only break below 1.3256 will indicate that lengthier consolidation of the longer term uptrend from 1.2661 (Nov 13, 2012 low) is underway, then deeper decline to 1.3150-1.3200 area could be seen.

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Daily Forex Analysis – January 23, 2013

Wednesday, January 23rd, 2013

USDJPY Analysis.
USDJPY breaks below the upward trend line on 4-hour chart, suggesting that a cycle top has been formed at 90.24 on 4-hour chart, and consolidation of the uptrend from 82.11 is underway. Range trading between 87.79 and 90.24 would likely be seen in a couple of days. As long as 87.79 support holds, the uptrend could be expected to resume after consolidation, and a break above 90.24 could  signal resumption of the uptrend. On the downside, a breakdown below 87.79 support will suggest that the uptrend from 82.11 has completed at 90.24 already, then deeper decline to 86.00-87.00 area is possible.

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