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Forex Technical Analysis Reports (ActionForex.com)
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Technical analysis reports from selected analysts around the world on forex market. Available in ActionForex.com
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AUDNZD Looks To Avoid A Swell In Risk Tides To Support Range
The markets are filling out after the year-end lull; and the impact on volatility and price action has been clear. However, as traders return so do the market's major trends. From a fundamental and technical perspective, AUDNZD has a natural hedge on both fronts. For long-term pressures, fundamental concerns will...
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Daily Technical Analysis
The GBPUSD failed to maintain it's bearish scenario yesterday. The pair had a bullish momentum, topped at 1.4738 and closed at 1.4689. On hourly chart we can see that after had a bearish movement since 17/12/2008, the bearish momentum paused and the pair seem to move in rectangle area suggesting...
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FX Technical Commentary
Euro 1.3615 Initial support at 1.3547 (Jan 5 low) followed by 1.3378 (61.8% retrace 1.2549 to 1.4719). Initial resistance is now located at 1.3963 (Jan 5 high) at followed by 1.4069 (Jan 1 high)
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Chart Of The Day: EUR/USD
On the first day of the first full week of 2009, price action on the EUR/USD pair, a daily chart of which is shown, has made a bold statement regarding the remarkably rapid uptrend that was in place during the month of December. It is indicating that the uptrend could...
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Dollar Outlook (Short Term) Mixed to Begin 2009
First, let's review what has occurred over the past several months. The decline from the July 2008 high (1.6040) can be counted as a 5 wave drop (wave 5 is truncated). 5 waves down at this degree of trend indicate that the long term trend has changed and that a...
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