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Forex Signals Archive

Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50

Posted on September 5, 2010 | No Comments
USD/JPY – 84.39 Most recent candlesticks pattern : N/ATrend : Sideways Tenkan-Sen level : 84.72Kijun-Sen level : 84.67Ichimoku cloud top : 84.17Ichimoku cloud bottom : 84.17 Original strategy : Bought at 84.50, Target: 85.50, Stop: 84.00 New Strategy : Hold long entered at 84.50, Target: 85.50, Stop: 84.00 Failure to extend intra-day...
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Trade Idea: USD/CAD – Hold long entered at 1.0510

Posted on August 30, 2010 | No Comments
USD/CAD – 1.0524 Recent wave: Only wave iii of c has ended at 0.9931 Trend: Sideways Original strategy : Bought at 1.0510, Target: 1.0720, Stop: 1.0440 New strategy : Hold long entered at 1.0510, Target: 1.0720, Stop: 1.0470 Despite intra-day retreat to 1.0473, as the greenback has rebounded from there, retaining our bullishness...
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ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End

Posted on August 30, 2010 | No Comments
At Thursday’s ECB, president Trichet is expected to leave the main-refinancing rate unchanged at 1% and reiterate the view that current interest rates are ‘appropriate’ while ‘the risks to the economic outlook are broadly balanced in an environment of uncertainty’. Market’s focus will be on...
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Trade Idea Update: GBP/USD – Sell at 1.5470

Posted on August 24, 2010 | No Comments
As cable has recovered again after holding above intra-day support at 1.5373, retaining our view that minor consolidation would be seen and retracement to 1.5430/40 cannot be ruled out, however, reckon renewed selling interest would emerge below the Kijun-Sen (now at 1.5475) and bring another...
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Trade Idea Update: USD/CHF – Sell at 1.0465

Posted on August 18, 2010 | No Comments
Dollar’s retreat after intra-day recovery to 1.0453 needs to break support at 1.0350 to signal the fall from 1.0630 is still in progress, then test of recent low at 1.0332 would follow, break there would confirm early downtrend has resumed and extend weakness to 1.0300,...
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Daily Report: Sterling Lower ahead of BoE Minutes, Yen Steady

Posted on August 18, 2010 | No Comments
Sterling was the only major currency that failed to participate in this week’s risk rally so far. And indeed, the pound has weakened quite noticeably against dollar, euro and swissy. Euro’s rebound on bond auctions was one of the major factors. But sterling’s weakness could...
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Trade Idea Update: USD/CHF – Buy at 1.0470

Posted on August 12, 2010 | No Comments
As the single currency has continued to edge lower on cross-buying in Swiss franc, suggesting near term downside risk has increased for test of the Ichimoku cloud top (now at 1.0531) and possibly towards 1.0496-97 (previous support and current level of the Ichimoku cloud bottom),...
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Trade Idea: AUD/USD – Sell at 0.9250

Posted on August 6, 2010 | No Comments
As the Australian dollar has maintained a firm undertone, suggesting recent rise from 0.8066 low is still in progress and gain to 0.9185/90 (100% projection of 0.8315 to 0.8871 measuring from 0.8633 and 1.618 times projection of 0.8908-0.9044 measuring from 0.8965) and then 0.9220 is...
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Daily Report: Dollar in Range ahead of Non-Farm Payroll

Posted on August 6, 2010 | No Comments
Dollar is staying in tight range as traders await July’s Non-Farm Payroll report today. The headline number is expected to show -75k contraction in the job market while private jobs are expected to grow by 80k. Nevertheless, the range of expectation is wide from 20k...
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