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Pound Support Could Falter with Stocks at Critical Support Levels

By admin on 26/08/2010

The GBP/USD built upon yesterday’s gains as domestic fundamentals and a return of risk appetite provided support.
Read More Pound Support Could Falter with Stocks at Critical Support Levels
Related PostDollar Weathers Mixed NFP Release with Low Liquidity, Ends the Week at a Critical ForkPound Looks to Reconnect with Risk As Emergency Budget Support FadesAUD USD [...]

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Gold Sticking to Uptrend Support Line

By admin on 23/07/2010

Price action on gold (a daily chart of which is shown) as of Friday (7/23/2010), continues to hover just above a long-term uptrend support line that extends at least all the way back to the October 2008 low. This occurs after price pulled back to the trendline on Monday and has [...]

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USD CHF Turns Up After Respecting 10500 Support

By admin on 15/07/2010

Price action on USD/CHF, a 4-hour chart of which is shown, has turned up as of Monday (7/12/2010) after failing to breakdown significantly below key support in the 1.0500 price region late last week. This bullish turn has broken out above a steep downtrend resistance line extending from a mid-June high, and comes on the [...]

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USD CHF Steep Drop Below Support

By admin on 09/07/2010

Price action on USD/CHF, a daily chart of which is shown, continues to show the dramatic bearishness that was noted early in the week when price action reached all the way down to a key uptrend support line extending from the November 2009 low below parity. After the breakdown of this trendline, 1.0650 was the [...]

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NZD USD Candles Point to Rebound From Fib Support

By admin on 03/07/2010

Read More NZD USD Candles Point to Rebound From Fib Support
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USD CHF Bounce Off Key Support in Uptrend

By admin on 13/06/2010

Price action on USD/CHF, a daily chart of which is shown, has just bounced up off support in the key 1.1400 price region after consolidating for the past several weeks between 1.1400 and 1.1700. This bounce occurs within the context of a strong and steep overall uptrend. With continued bullish momentum off this bounce, price [...]

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EUR GBP Bounce off Strong Support within Strong Downtrend

By admin on 11/06/2010

Price action on EUR/GBP, a daily chart of which is shown, dropped down to key support in the important 0.8200 price region, a new 18-month low, before making a bounce as of Tuesday (6/08/2010) morning New York session. This occurs within the context of a steep and accelerated overall downtrend extending from the March highs. [...]

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EUR USD Double Bottom Support Established

By admin on 31/05/2010

Price action on EUR/USD, a daily chart of which is shown, has established a rough and tentative double bottom low in the 1.2140-50 price region. This has established a strong support level to watch for any breakdowns within the context of the strong current downtrend. Any breakdown of this key double-tested price region should target [...]

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