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  1. EURUSD stays in a trading range between 1.3157 and 1.3308

    by , 12-27-2012 at 10:00 PM (Free Forex Market Analysis)
    EURUSD stays in a trading range between 1.3157 and 1.3308. Another fall towards the lower line of the price channel on 4-hour chart would likely be seen. As long as the channel support holds, the price action from 1.3308 could be treated as consolidation of the uptrend from 1.2661, and another rise towards 1.3500 is still possible after consolidation. On the downside, a clear break below the channel support will indicate that the uptrend from 1.2661 has completed at 1.3308 already, then the following downward movement could bring price back to 1.2700-1.2800 area.



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  2. JPY 120min chart 2012-12-26

    by , 12-27-2012 at 05:05 PM
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  3. EUR/USD Dec 27 – Edges Higher as All Eyes on Capitol Hill

    by , 12-27-2012 at 04:25 AM
    [COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] is edging higher as the markets are back in action after the Christmas break. The markets will be closely monitoring developments in Washington, as Congress reconvenes and talks continue over the fiscal cliff, with tax hikes and spending cuts set to kick in on January 1. In fundamental news, the S&P/CS Composite-20 HPI, an important housing inflation index, continued its recent upward swing, with an excellent 4.3% gain. However, the Richmond Manufacturing Index dropped to 5 points, well below the market forecast of 12 points. On Thursday, there are three key releases out of the US – Unemployment Claims,CB Consumer Confidence, ...
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  4. USDCAD stays above a upward trend line

    by , 12-26-2012 at 08:47 PM (Free Forex Market Analysis)
    USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 0.9824. Support is at the uptrend line, as long as the trend line support holds, the fall from 0.9953 is treated as consolidation of the uptrend, and another rise to 0.9970 is still possible. On the downside, the rise from 0.9824 would possibly be correction of the the longer term downtrend from 1.0055, a clear break below the trend line could signal resumption of the downtrend, then another fall towards 0.9700 could be seen.



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