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Archive for September, 2013

Daily Forex Analysis – September 30, 2013

Monday, September 30th, 2013

USDCHF Analysis.
USDCHF’s downward movement from 0.9455 extends to as low as 0.9021. 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 0.8950 area. On the upside, a clear break above the trend line resistance will indicate that consolidation of the downtrend is underway, then range trading between 0.9021 and 0.9137 could be seen.

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Deflation Will Take the Majority by Surprise

Friday, September 27th, 2013

By Elliott Wave International

The last thing on the minds of most people is deflation. It’s easy enough to determine that with a quick quiz — and that quiz is found in the just-published Elliott Wave Theorist.

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Daily Forex Analysis – September 27, 2013

Friday, September 27th, 2013

AUDUSD Analysis.
AUDUSD’s fall from 0.9526 extends to as low as 0.9332. Deeper decline to test 0.9300 support is possible, as long as this level holds, the fall could be treated as consolidation of the uptrend from 0.8892, one more rise towards 1.0000 is still possible after consolidation. On the downside, a breakdown below 0.9300 support will indicate that the uptrend from 0.8892 had completed at 0.9526 already, then the following downward movement could bring price back to re-test 0.8847 (Aug 5 low) support.

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Daily Forex Analysis – September 26, 2013

Thursday, September 26th, 2013

GBPUSD Analysis.
GBPUSD is in consolidation of the uptrend from 1.4813 (July 9 low). Deeper decline to 1.5700 area to complete the consolidation is possible. Key support is at 1.5700, as long as this level holds, the uptrend could be expected to resume, and one more rise towards 1.6500 is still possible after consolidation. Resistance is at 1.6162, a break above this level could signal resumption of the uptrend. On the downside, a breakdown below 1.5700 support will indicate that the uptrend from 1.4813 had completed at 1.6162 already, then the following downward movement could bring price to 1.4500 zone.

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Announcing Trader Education Week — a Free Event to Help You Learn to Spot Trading Opportunities

Wednesday, September 25th, 2013

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Daily Forex Analysis – September 25, 2013

Wednesday, September 25th, 2013

USDCHF Analysis.
USDCHF remains in downtrend from 0.9455, the rise from 0.9084 is likely consolidation of the downtrend. 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 resume, and one more fall towards 0.8500 is still possible. On the upside, a clear break above the trend line resistance will indicate that the downtrend from 0.9455 had completed at 0.9084 already, then the following upward movement could bring price to 0.9250 area.

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Daily Forex Analysis – September 24, 2013

Tuesday, September 24th, 2013

GBPUSD Analysis.
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.5429, and the fall from 1.6162 could be treated as consolidation of the uptrend. Initial support is at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to resume, and one more rise towards 1.6500 is still possible. On the other side, a clear break below the channel support will indicate that lengthier consolidation of the longer term uptrend from 1.4813 (July 9 low) is underway, then deeper decline to 1.5700 area could be seen.

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Daily Forex Analysis – September 23, 2013

Monday, September 23rd, 2013

USDCAD Analysis.
USDCAD broke above the downward trend line on 4-hour chart last Friday, suggesting that consolidation of the downtrend from 1.0568 is underway. Range trading between 1.0182 and 1.0350 would likely be seen in a couple of days. Resistance is now at 1.0350, as long as this level holds, the downtrend could be expected to resume, and another fall towards 1.0000 is still possible after consolidation. On the upside, a break above 1.0350 will suggest that the downward movement from 1.0568 had completed at 1.0182 already, then the following upward movement could bring price back to 1.0750 zone.

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Daily Forex Analysis – September 20, 2013

Friday, September 20th, 2013

USDCAD Analysis.
USDCAD remains in downtrend from 1.0559, the rise from 1.0182 is treated as consolidation of the downtrend. Initial resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to resume, and another fall towards 1.0000 is still possible. One the upside, a clear break above the trend line resistance will indicate the lengthier consolidation of the downtrend from 1.0568 is underway, then range trading between 1.0182 and 1.0350 could be seen.

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Daily Forex Analysis – September 19, 2013

Thursday, September 19th, 2013

USDCHF Analysis.
USDCHF breaks below 0.9147 support, suggesting that the downtrend from 0.9751 (July 9, high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 0.9050 area. Resistance is now at downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend from 0.9455 will continue.

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