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  1. USDJPY has formed a cycle bottom at 79.27

    by , 10-31-2012 at 11:29 PM (Free Forex Market Analysis)
    USDJPY has formed a cycle bottom at 79.27 on 4-hour chart. Further rise to test 80.37 previous high resistance could be expected, a break above this level will indicate that the uptrend from 77.43 has resumed, then further rise towards 81.00 area could be seen. Initial support is at the lower line of the price channel, and the key support is at 79.27, only break below this level will suggest that the uptrend from 77.43 has completed at 80.37 already, then the following downward move could bring price back to 77.00 zone.



    Forex Forecast
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  2. EUR/USD Rising as US Struggles with Sandy Aftermath

    by , 10-31-2012 at 07:54 AM
    [COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] is moving upwards, as the US struggles to recover following the devastation and misery caused by Hurricane Sandy, which slammed the US northeast coast earlier this week. The weather may be better in Europe, but the markets are anything but calm as the crises in Greece and Spain continue. Euro-zone finance ministers will hold a conference call later today to discuss Greece’s progress under its austerity program, but the markets aren’t expecting any decisions on further bailout aid to Greece. In economic news, German Retail Sales looked very sharp, but the Euro-zone Unemployment Rate crept up to 11.6%, another record ...
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  3. USDJPY rebounds from 79.27

    by , 10-30-2012 at 09:43 PM (Free Forex Market Analysis)
    Being supported by the lower line of the price channel on 4-hour chart, USDJPY rebounds from 79.27, suggesting that a cycle bottom is being formed. Further rise would likely be seen and the first target would be at 80.00-80.25 area. Key support is now at 79.27, only break below this level could indicate that the longer term uptrend from 77.43 has completed at 80.37 already, then the following downward movement could bring price to 77.00 zone.

    usdjpy

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  4. THE CONSISTENCY OF WAVE PROJECTIONS ACROSS WAVE DEGREES

    by , 10-30-2012 at 09:22 PM (The Daily Forecaster)
    In addition to the beauty of the fractal nature of Harmonic Elliott Wave that requires wave targets to be confirmed from multiple wave degrees there is also the consistency of wave projection ratios that exist across all wave degrees and time frames from the 1 minute charts to the monthly charts...

    The following video demonstrates these repetitive ratio clusters through the wave degrees and markets.

    [video=youtube;IyvJBnbmmFM]http://www.youtube.com/watch?v=IyvJBnbmmFM[/video]

    Good trading
    Ian Copsey

    [B][URL="http://harmonicelliottwave.blogspot.jp"]HARMONIC ELLIOTT WAVE BLOG[/URL][/B]
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