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AUD/USD Continues Strong Bullishness, Due For Pullback

posted by Avatar jameschen 401 days ago in USD, AUD, Technical made popular 401 days ago

AUD/USD (a 4-hour chart of which is shown) as of Thursday (4/21/2011) has risen dramatically to reach and surpass its 1.0700 price target, establishing a new record high just above 1.0770. This occurs on a sharp bullish move that originated near read more
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EUR/USD Breaks Down

posted by Avatar jameschen 404 days ago in USD, EUR, Technical made popular 404 days ago

EUR/USD (a daily chart of which is shown) as of Monday (4/18/2011) has broken down below key support levels, including both the key 1.4280 price level and a strong bullish support trendline that has been in place since the beginning of the year. read more
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EUR/USD Pulls Back After Failing Around Key 1.45 Resistance

posted by Avatar jameschen 407 days ago in USD, EUR, Technical made popular 407 days ago

EUR/USD (a daily chart of which is shown) as of Friday (4/15/2011) has dropped after a week of consolidating just under key 1.4500 resistance but ultimately being unable to breakout significantly or close above that important resistance ceiling. read more
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AUD/USD Resumes Bullish Bias after Pullback

posted by Avatar jameschen 409 days ago in USD, AUD, Technical made popular 409 days ago

AUD/USD (a 4-hour chart of which is shown) as of Wednesday (4/13/2011) has tentatively resumed its bullish trend bias after pulling back to the 1.0400 price region, which is around the 61.8% Fibonacci retracement of the last major bullish trend r read more
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EUR/GBP Clears The 0.8852 Level, Eyes More Strength

posted by Avatar jameschen 410 days ago in EUR, GBP, Technical made popular 410 days ago

EUR/GBP (daily chart) – With a clearance of the 0.8852 level now seen, further upside risk is now building up towards its Oct 25, 2010 high at the 0.8940 level where a break will resume its long term uptrend. This will set the stage for more stre read more
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EUR/CHF Respects Key Resistance, Targets Trend Continuation

posted by Avatar jameschen 410 days ago in EUR, CHF, Technical made popular 410 days ago

EUR/CHF (a daily chart of which is shown) as of Tuesday (4/12/2011) has respected key resistance around the 1.3200 price region and turned to the downside, essentially keeping the long-term downtrend that has been in place since late 2007 intact. read more
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EUR/USD Stalls Below Key 1.4500 Resistance

posted by Avatar jameschen 411 days ago in USD, EUR, Technical made popular 411 days ago

EUR/USD (a daily chart of which is shown) as of Monday (4/11/2011) morning has stalled right below key resistance, hitting a high just 18 pips below its 1.4500 resistance target. This approach of resistance caps off a full three months of steep b read more
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EUR/USD Heading for 1.4500, Correction Due

posted by Avatar jameschen 414 days ago in USD, EUR, Technical made popular 414 days ago

EUR/USD (a daily chart of which is shown) as of Friday (4/08/2011) has risen dramatically to approach its 1.4500 upside resistance target, establishing a new 14-month high in the process. This occurs within the context of a strong and steep bulli read more
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EUR/JPY Struggle With The Bears

posted by Avatar jameschen 415 days ago in EUR, JPY, Technical

EUR/JPY (daily chart) – The cross may have topped out temporarily as bear pressure saw it selling off in early trading today. EUR/JPY has been rallying for more than one week and a correction will not surprise us at this stage. read more
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New Record High for Gold, Targeting $1,471.00

posted by Avatar jameschen 417 days ago in Technical, Fundamental, Gold made popular 417 days ago

Spot gold (a 1-hour chart of which is shown) rallied to a new all-time high at $1,455.40 in New York on multiple stories of global uncertainty. In Europe, concerns grew regarding the effects that the European Central Bank’s potential rate hike w read more
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USD/JPY Continues Upside Trend Momentum

posted by Avatar jameschen 417 days ago in USD, JPY, Technical made popular 417 days ago

USD/JPY (a daily chart of which is shown) as of Tuesday (4/05/2011) has risen above the key 84.50 price region once again after a slight pullback on Monday. This occurs within the context of more than two weeks of bullishness that followed on the read more
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EUR/USD Bullishness Approaches Critical Resistance

posted by Avatar jameschen 418 days ago in USD, EUR, Technical made popular 418 days ago

Price action on EUR/USD (a daily chart of which is shown) as of Monday (4/04/2011) has reached a high of 1.4266 in early trading, establishing a new 5-month high and closely approaching the 1.4280 resistance high reached in early November 2010. T read more