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Messages - machala
26
« on: March 08, 2011, 05:07:43 pm »
Trade Idea: USD/CAD ? Sell at 0.9890<p>Near term sideways trading is likely to continue and as long as last week?s low at 0.9684 holds, initial upside risk remains for another corrective rebound to minor resistance at 0.9777, above would bring retracement to 0.9830/40, however, renewed selling interest should emerge below 0.9902 and bring another decline later.<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/Gk707cHSZ4s" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Sell at 0.9890
27
« on: March 08, 2011, 11:07:37 am »
Trade Idea: EUR/GBP ? Sell at 0.8660<p>Although the single currency has retreated after rising to 0.8635 yesterday, a sustained breach below yesterday?s low at 0.8572 is needed to signal top has been formed there, otherwise, near term upside risk remains for the rise from 0.8357 to extend an exhaustive upmove to 0.8650/60, however, loss of near<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/7FYTDgYaya8" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8660
30
« on: March 07, 2011, 05:04:25 pm »
Trade Idea: USD/CAD ? Sell at 0.9890<p>Although the greenback has retreated again, as long as last week?s low at 0.9684 holds, further consolidation would take place and another corrective rebound to minor resistance at 0.9777 would be seen, above would bring retracement to 0.9830/40, however, renewed selling interest should emerge below 0.9902 and bring another decline<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/DPHDngg3ikA" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Sell at 0.9890
31
« on: March 07, 2011, 11:00:08 am »
Trade Idea: EUR/GBP ? Sell at 0.8650<p>As the single currency has risen again after brief pullback, suggesting near term upside risk remains for the rise from 0.8357 to extend an exhaustive upmove to 0.8650, however, loss of near term upward momentum would prevent sharp move beyond there and reckon resistance at 0.8672 would hold, bring retreat<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/X3AQ7Alb4OU" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8650
34
« on: March 04, 2011, 05:03:51 pm »
Trade Idea: USD/CAD ? Sell at 0.9890<p>This week?s sideways trading after falling to 0.9684 is expected to continue and above minor resistance at 0.9777 would bring retracement to 0.9830/40, however, renewed selling interest should emerge below 0.9902 and bring another decline later. A break of said support at 0.9684 would signal recent decline has resumed and<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/RIqkeASvAw8" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Sell at 0.9890
38
« on: March 03, 2011, 05:06:45 pm »
Trade Idea: USD/CAD ? Sell at 0.9890<p>As the greenback has remained sidelined after falling to 0.9684 earlier this week, suggesting further consolidation above this level would take place and above yesterday?s high at 0.9777 would bring retracement to 0.9830/40 but renewed selling interest should emerge below 0.9902 and bring another decline later. A break of said<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/i02H3q_Ml-M" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Sell at 0.9890
41
« on: March 02, 2011, 11:03:56 pm »
Trade Idea: AUD/USD ?Sell at 1.0170<p>Despite this week?s marginal rise to 1.0203 on Monday, lack of follow through buying on the break of previous resistance at 1.0201 and current retreat suggest consolidation would take place with mild downside bias for correction to 1.0050 and possibly 1.0000 but support at 0.9966 should hold and bring another rise later.</p><img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/w4lc-5LpSco" height="1" width="1"/> Source: Trade Idea: AUD/USD ?Sell at 1.0170
42
« on: March 02, 2011, 05:00:37 pm »
Trade Idea: USD/CAD ? Sell at 0.9830<p>Although the greenback has retreated after rebounding from yesterday?s low at 0.9684 to 0.9777 (today?s high), break of said support is needed to signal recent decline has resumed and extend weakness to 0.9650 and possibly 0.9600, otherwise, further consolidation would take place. Above said resistance would bring retracement to 0.9820/30<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/u6xYtLeFRcs" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Sell at 0.9830
43
« on: March 02, 2011, 11:02:25 am »
Trade Idea: EUR/GBP ? Sell at 0.8540<p>As the single currency has recovered after falling to 0.8461 yesterday, suggesting consolidation would be seen, however, as top has possibly been formed 0.8593 last week, upside would be limited to 0.8555/60 and bring another decline to 0.8430/40 but break of minor support at 0.8422 is needed to signal the<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/R4HY56lJAAM" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8540
45
« on: March 01, 2011, 11:00:52 pm »
Trade Idea: AUD/USD ?Stand aside<p>Although the Australian dollar has edged higher again to 1.0203 earlier today, lack of follow through buying on the break of previous resistance at 1.0201 suggests consolidation would take place but only below yesterday?s low at 1.0120 is needed to signal a temporary top is formed and bring correction to<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/0eQqJua5ibg" height="1" width="1"/> Source: Trade Idea: AUD/USD ?Stand aside
46
« on: March 01, 2011, 05:03:57 pm »
Trade Idea: USD/CAD ? Sell at 0.9830<p>Although the greenback has recovered after intra-day fall to 0.9684 and consolidation above this level with mild upside bias is seen for retracement to 0.9785/90, renewed selling interest should emerge around 0.9820/30 and bring another decline later. A break of said support would extend recent downtrend to 0.9650 and possibly<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/1K-XrNZKwLg" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Sell at 0.9830
47
« on: March 01, 2011, 11:00:16 am »
Trade Idea: EUR/GBP ? Sell at 0.8540<p>Euro?s retreat after rising to 0.8593 last week suggests top has possibly been formed there and consolidation with mild downside bias is seen for weakness to 0.8430/40 but break of minor support at 0.8422 is needed to signal the rebound from 0.8357 has ended at 0.8593 and extend weakness to 0.8380/85 later.</p><img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/dvNTzeB2dIw" height="1" width="1"/> Source: Trade Idea: EUR/GBP ? Sell at 0.8540
48
« on: March 01, 2011, 05:03:34 am »
Trade Idea: EUR/JPY ? Buy at 112.85<p>Despite yesterday?s brief fall to 111.95, the subsequent rally from there suggests the correction from 114.22 (last week?s high) has ended there and consolidation with upside bias is seen for gain to 113.80/85, break there would signal upmove has resumed and bring retest of 114.22. Looking ahead, once this level<img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/yBcig3mxv-M" height="1" width="1"/> Source: Trade Idea: EUR/JPY ? Buy at 112.85
50
« on: February 28, 2011, 05:20:31 pm »
Trade Idea: USD/CAD ? Sell at 0.9830<p>As the greenback has continued to move lower after resuming medium term downtrend last week, suggesting further weakness to 0.9710/15 (100% projection of 1.0210-0.9889 measuring from 1.0035) would be seen, below would extend to 0.9680 but reckon 0.9650 would hold from here, bring correction later this week.</p><img src=" http://feeds.feedburner.com/~r/ElliottWaveDailyTrades/~4/cpLP5c906bA" height="1" width="1"/> Source: Trade Idea: USD/CAD ? Sell at 0.9830
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