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    by , 01-02-2011 at 09:10 PM (The Daily Forecaster)
    [B]Bias:[/B] Overall bearish but should see a pullback from 80.85-93 before losses to 80.28-40

    The break of 82.63-83 and then 82.00 has confirmed losses. There is immediate support at 80.85-93 that I feel has potential for a correction to 81.57 but then look for further losses to reach the 80.28-40 area. This should generate a correction to 81.57-77 again.

    Only directly above 81.80 would allow a deeper correction above 82.05 and to the 82.28 and possibly 82.52-72 areas. Below 80.23 would trigger a direct test of the 79.70 historic low. Below there note support at 79.22.

    Please view the complete analysis in the attached PDF file.

    [B][URL=""]Early ...
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  2. Daily FX Market Outlook by AceTrader 3-1-2011

    by , 01-02-2011 at 08:03 PM (Forex Trading Signals)
    [B]Market Review - 31/12/2010 20:50 GMT

    Dollar falls broadly and hits record low against Swiss franc[/B]

    The dollar weakened across the board on Friday as traders closed their books for 2010. Investors continued to buy the Swiss franc as safe-haven currency on lingering European debt worries. The greenback fell to a fresh all time low against the Swiss franc of 0.9301 while the dollar weakened to a 7-week low against the Japanese yen. The pair dropped from 81.53 and reached 80.95 in NY session before stabilizing.

    The single currency traded with a firm undertone on Friday in Asia and Europe. Price rallied to as high as 1.3391 ahead of European opening after triggering stops above 1.3315 and 1.3330 ...
  3. ||London Forex Market Call 1-3-11|

    by , 01-02-2011 at 07:09 PM
    Welcome to the London Forex Market Call for January 3rd.,2011. GBP/USD: Closes up 151 points of a 239 point intraday range. Consecutive closes above overhead resistance at 1.5670 will spark a rally into the pivot high at 1.5909. A failure of the 10 day average which resides at 1.5670 will encourage selling down to Fibonacci support at 1.5425. Stochastics have entered the 20 buy zone indicating an extension of Fridays rally is likely in this weeks trading | GOLD: Closes up $16.20 on the session as traders have the all time high at $1430.9 in their crosshairs. A close above $1430.9 will continue the rally up into the $1450.0 region. Near term support resides at $1398.4. Technicals remain positive indicating further price appreciation ...
  4. GBP/USD Week of Jan 3rd to Jan 7th Outlook

    by , 01-02-2011 at 05:24 PM ( Forex Commentaries)
    [B]Recap of Last Week[/B]

    Test of previous month low early in the week and failed to hold, yet defended the prior week low, leading to a bounce taking out the week high. The sharp pullback right after no longer matters because a 1-2-3 buy was staged for a take off towards our target green zone.


    [B]Next Week Outlook[/B]

    First week of the year is very important as I stated in STOPD. It will shape how January will look like and subsequently affects how the year will look like in terms of volatility and potential target zones for the year.

    The 1-2-3 buy from last week points to a run towards 1.58 area (green zone) where last week mid (yellow zone) ...
    Tags: gbp/usd
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