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Archive for February, 2013

Exclusive invitation (last chance): A free 40-page report and online event to prepare you for 2013

Saturday, February 16th, 2013

Exclusive invitation: Our friends at Elliott Wave International have just invited you, as a loyal member of our audience, to attend their first-ever online video conference for free.
The State of the Global Markets Online Conference is a weeklong event hosted by the authors of EWI’s new 40-page report, The State of the Global Markets — 2013 Edition, which has now been downloaded by more than 10,000 investors worldwide. Learn more about the event and download the 40-page report now — both are free >>

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Daily Forex Analysis – February 15, 2013

Friday, February 15th, 2013

GBPUSD Analysis.
GBPUSD’s downwards movement from 1.6339 extends to as low as 1.5475. Resistance is located a the 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 1.5400 area. On the upside, a clear break above the trend line resistance will indicate that a cycle bottom has been formed, and consolidation of the downtrend is underway, then further rise to 1.5700 area could be seen.

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Exclusive invitation: The Most Important Investment Event You’ll Attend in 2013 (and it’s free)

Thursday, February 14th, 2013

Exclusive invitation: Our friends at Elliott Wave International have just invited you, as a loyal member of our audience, to attend their first-ever online video conference for free.
The State of the Global Markets Online Conference is a weeklong event hosted by the authors of EWI’s new 40-page report, The State of the Global Markets — 2013 Edition, which has now been downloaded by more than 10,000 investors worldwide. Learn more about the event and download the 40-page report now — both are free >>

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Daily Forex Analysis – February 14, 2013

Thursday, February 14th, 2013

AUDUSD Analysis.
AUDUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 1.0226 could be treated as consolidation of the downtrend, and another fall to 1.0200 is still possible. However, a clear break above the trend line resistance will indicate that the downtrend from 1.0597 has completed at 1.0226 already, then the following upward movement could bring price to 1.0700 zone.

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A Classic Impulse Wave in General Electric

Wednesday, February 13th, 2013

By Elliott Wave International

Impulse waves are an integral part of the Wave Principle. Understanding their rules, guidelines and Fibonacci multiples will improve your application and your ability to identify high-confidence trade setups.

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Daily Forex Analysis – February 13, 2013

Wednesday, February 13th, 2013

AUDUSD Analysis.
AUDUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.0597, the rise from 1.0226 is treated as consolidation of the downtrend. As long as the trend line resistance holds, another fall could be expected after consolidation, and next target would be at 1.0200 area. On the upside, a clear break above the trend line resistance will indicate that a cycle bottom has been formed at 1.0226, and the fall from 1.0597 has completed, then the following upward movement could bring price to 1.0700 zone.

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Daily Forex Analysis – February 12, 2013

Tuesday, February 12th, 2013

USDJPY Analysis.
After consolidation, USDJPY breaks above 94.05 previous high resistance and continues its upward movement form 79.07 (Nov 9, 2012 low). Further rise could be expected in a couple of days, and next target would be at 96.00 area. Support is at 93.30, only break below this level could indicate that lengthier consolidation of the uptrend is underway, then deeper decline to 92.00 area could be seen.

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Daily Forex Analysis – February 11, 2013

Monday, February 11th, 2013

GBPUSD Analysis.
GBPUSD broke above the upper line of the price channel on 4-hour chart, suggesting that lengthier consolidation of the downtrend from 1.6339 is underway. Range trading between 1.5630 and 1.5900 would likely be seen in a couple of days. Key resistance is at 1.5900, as long as this level holds, the downtrend could be expected to resume, and another fall to 1.5500 area is still possible. However, a break above 1.5900 resistance will indicate that the downward movement from 1.6339 had completed at 1.5630 already, then the following upward move could bring price back to 1.6500 zone.

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Daily Forex Analysis – February 8, 2013

Friday, February 8th, 2013

USDJPY Analysis.
USDJPY stays within a upward price channel on 4-hour chart, and remains in uptrend from 88.06. Support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to continue after a minor consolidation, and next target would be at 95.00 area. On the downside, a clear break below the channel support will indicate that consolidation of the longer term uptrend from 79.07 (Nov 9, 2012 low) is underway, then deeper decline to 91.00 area to complete the consolidation could be seen.

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Daily Forex Analysis – February 7, 2013

Thursday, February 7th, 2013

USDJPY Analysis.
USDJPY remains in uptrend from 88.06, the fall from 94.05 is treated as consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to resume, and another rise to 95.00 area is still possible. On the downside, a clear break below the channel support will suggest that a cycle top has been formed at 94.05, and lengthier consolidation of the longer term uptrend from 79.07 (Nov 9, 2012 low) is underway, then deeper decline to 91.00 area could be seen.

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