Posts Tagged ‘forex trading’
USDCHF Analysis 2010.12.31

We see better value in short positions. If the price will go below the first support at (0.9308), this would confirm continuation of the bearish trend, towards next objective downwards (0.9272) then (0.9201) and (0.9165) will follow.Short positions are favored for today.

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USDJPY Analysis 2010.12.31

We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (82.63) zones. A proper confirmation would occur if the USDJPY will manage to fall beyond the (80.97) support level.Sell on rally for today with a stop loss above (82.63).

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GBPUSD Analysis 2010.12.31

GBPUSD maintains a bid tone for now. Break above (1.5545) may trigger further recovery of the GBPUSD. Going bellow latest swing low at (1.5370), however, would confirm continuation of the bearish trend, towards next objective downwards (1.5109).Sell on rally for today with a stop loss above (1.5545).

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