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Its fun to trade but hard to trust December

By admin on December 11, 2009

This chart was created with MT4 and the Autochartist Chart Pattern plug-in.
The daily chart has broken down through the support of the channel up pattern and the ascending triangle pattern – all pointing to weakness.
With the downtrend firmly in place on the four hour chart, the swing trade is waiting up at the 1.4844 level.
It’s [...]

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EURUSD Weekly Summary A Hard Battle

By admin on November 15, 2009

The EURUSD made a moderate recovery yesterday after significant bearish momentum on Thursday. As you may already know, this week my technical focuses are on the double top formation and the trendline support and it will stay that way for the upcoming week. As you can see on my daily chart below, the double top [...]

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USD bounces back hard

By admin on October 3, 2009

Here’s a view of the GBP/USD with an engulfing candle that may prove a temporary top for the next day or so.
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Time for a hard look at the USD Index At Rubicon

By admin on October 3, 2009

The dollar index has reached it’s downward trend-line on the daily charts. I’ve also posted a 4 hour chart to show the move up.
It is difficult to discern if the move is simply a correction or if a new trend has started. How and when we break the trend line should help determine if the [...]

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Dollar Index retraces hard

By admin on August 28, 2009

Well, indeed the retracement on the index was hard and sudden. Interestingly the GBP didn’t really partake whereas most other pairs did.
Look at the next post as I will speculate that the GBP/USD top may hold but the EUR/USD top should be breached and then reversed.
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