Archive for the ‘Forex Trading News’ Category
Yen Technical Outlook
May 28th, 2009
The longer term USDJPY decline may have resumed. The advance from 87.09 is in 3 waves and price has dropped below the wave A high at 94.67, confirming…
Source:Yen Technical Outlook
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New Zealand Dollar Technical Outlook
May 28th, 2009
The NZDUSD is similar to the AUDUSD in that the risk of a pullback is increasing. As I?ve mentioned in recent weeks, “the bullish target zone / potential…
Source:New Zealand Dollar Technical Outlook
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Dollar/Yen Looking to Carve Medium-Term Higher Low (Daily Classical)
May 28th, 2009
Euro 200-Day SMA comes into focus. Dollar/Yen pulls back sharply, but additional setbacks limited. Cable above 50-Day SMA; can it hold. Dollar/Swiss breaks…
Source:Dollar/Yen Looking to Carve Medium-Term Higher Low (Daily Classical)
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British Pound Crosses Range Bound For Now
May 28th, 2009
-GBPCHF early stages of ending diagonal? -GBPCAD basing for an eventual break higher -GBPAUD resistance at 2.15 -GBPNZD resistance at 2.69
Source:British Pound Crosses Range Bound For Now
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Swiss Franc Technical Outlook
May 28th, 2009
Watch for USDCHF support from Fibonacci all the way down to 1.0925. The decline from 1.1973 is wave C of a flat (an extremely violent flat at that) that…
Source:Swiss Franc Technical Outlook
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