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Posts Tagged ‘trend line’

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Mar
17/11
Forex Technical Analysis
Last Updated on Thursday, 17 March 2011 11:14
Written by Ross Mullins
Thursday, March 17th, 2011

Ross

Potential long term technical setup has begun to take shape on the USDCAD. It is no secret that the trend for the USDCAD has been down for quite a while. Recently it has tested support into the mid .9600′s and has rebounded back into the .9800′s. This rebound has been challenging the daily trend line and gives us the first clue that the trend just might be changing.

Click on image to enlarge

 

 Along with the challenge of the trend line comes the break of former support in the .9850 area. As you can see from the chart example, the break of the (more…)

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Jan
17/11
Technical Trading: EURUSD Daily Trend Line Break
Last Updated on Monday, 17 January 2011 11:03
Written by Ross Mullins
Monday, January 17th, 2011

Ross

The trend for the EURUSD has been in a downward move since last November. The pair has found support just under 1.2900 and has pressured higher so far this year. Could this be the beginings of a longer push up? The break of the daily trend line is giving the next indications of at least a short term push back to resistance around 1.3415. Only a break of the resistance can we expect more upside. Back under 1.3180 will look for a new test of the lows.

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Nov
14/08
Bank Flow Update 11/14
Last Updated on Friday, 14 November 2008 01:03
Written by dustin pass
Friday, November 14th, 2008

Trading on Fridays

As always we do like to stress caution when trading on a Friday. In that past several weekends we have seen the market gap considerably. Too avoid any stress you may want to use any entries made on Fridays as intraday rather than trying to weather the weekend storm.

Bank Flow Level

At this moment the best Bank Flow level stands as a sell on a retest of the highs on the USD/CHF in the 1.1975 area. The last highs are at 1.2000 and the risk/reward ratio is looking pretty good for a short on this pair.

Watch the Trend Line

As you can see the trend line on the bottom will come into play as it begins to fall so watch for a break on the bottom side for an initial push to the mid 1.1700’s.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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