Decline from 1608 is in three waves, liekly part of a recovery from 1555. Break of 1603 put 1610/12 in play. We will turn aggressively bearish when decline will unfold impulsively.
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Monday, June 11, 2012
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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Pivot: 78.35. Our preference: LONG positions above 78.35 with 78.65 & 78.75 in sight. Alternative scenario: The downside penetrati...
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GBPUSD finally broke higher yesterday after recent unsuccessful push through the lower support line connected from early March lows. N...
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S&P 500 is trading nicely higher for the past few weeks, clearly in impulsive fashion form 1400 swing level. However market is approachi...