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Topics - machala
77
« on: February 18, 2011, 11:03:22 pm »
Trade Idea: AUD/USD ?Stand asideThe Australian dollar rebounded in part due to cross-buying and has continued to edge higher after breaking indicated minor resistance at 1.0058, suggesting the retreat from 1.0201 has ended and gain to 1.0160/70 cannot be ruled out, however, break of said resistance at 1.0201 is needed to turn outlook bullish<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/pNRvtRXBk60" height="1" width="1"/> Source: Trade Idea: AUD/USD ?Stand aside
78
« on: February 18, 2011, 05:17:08 pm »
Trade Idea: USD/CAD ? Look to sell higher<p>Although yesterday?s anticipated resumption of downtrend has justified our bearishness view and marginal weakness to 0.9800 is likely, loss of downward momentum has increased risk of a minor correction later today or early next week. Above minor resistance at 0.9859 would bring retracement towards this week?s high of 0.9904 but<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/Wwl9a0YfuJE" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Look to sell higher
79
« on: February 18, 2011, 10:42:52 am »
Trade Idea: EUR/GBP ? Sell at 0.8525<p>Despite intra-day brief fall to 0.8359, as the single currency has rebounded after holding above this week?s low at 0.8357, suggesting further consolidation above this level would take place and another corrective rise to 0.8450 would be seen, above would bring retracement to 0.8515 (50% Fibonacci retracement of 0.8672 to<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/KXDSw5N9T5M" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8525
81
« on: February 17, 2011, 11:01:31 pm »
Trade Idea: AUD/USD ?Hold short entered at 1.0065<p>Yesterday?s rebound suggests further consolidation above this week?s low at 0.9944 would take place but as long as indicated minor resistance at 1.0058 holds, bearishness remains for the fall from 1.0201 to resume after consolidation, break of said support would extend weakness to 0.9900, however, reckon support at 0.9865/70 would<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/OvaADOvIMRQ" height="1" width="1"/> Source: Trade Idea: AUD/USD ?Hold short entered at 1.0065
83
« on: February 17, 2011, 11:00:46 am »
Trade Idea: EUR/GBP ? Sell at 0.8525<p>Although the single currency has retreated after yesterday?s rebound to 0.8450, as long as this week?s low at 0.8357 holds, upside risk remains for another rebound, above said resistance would bring retracement to 0.8515 (50% Fibonacci retracement of 0.8672 to 0.8357), however, reckon resistance at 0.8529 would hold, bring another decline later.</p><img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/uvdMTPlmbV8" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8525
87
« on: February 16, 2011, 11:00:11 am »
Trade Idea: EUR/GBP ? Sell at 0.8525<p>Despite yesterday?s fall to 0.8357, as the single currency found good support there and has staged a sharp rebound today, suggesting a temporary low has possibly been formed and consolidation with mild upside bias is seen, break of yesterday?s high at 0.8449 would bring retracement to 0.8515 (50% Fibonacci retracement<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/0VayYTT4kh8" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8525
91
« on: February 15, 2011, 11:00:24 am »
Trade Idea: EUR/GBP ? Sell at 0.8445<p>Despite intra-day brief bounce to 0.8449, as the single currency has fallen again after meeting renewed selling interest there, adding credence to our view that correction has resumed and decline from 0.8672 (top of (c) leg) has resumed for further fall to 0.8340/45 and possibly towards 0.8300/10.</p><img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/OUBWWAWGmyg" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8445
92
« on: February 15, 2011, 06:06:00 am »
Trade Idea: EUR/JPY ? Hold long entered at 112.40Despite yesterday?s fall to 112.09, as the single currency staged a rebound from there to as high as 112.95 today, retaining our bullishness and consolidation with upside bias remains for further gain to 113.10/20, however, break of resistance at 113.44 is needed to add credence to our view that correction Source: Trade Idea: EUR/JPY ? Hold long entered at 112.40
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