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  1. Volatility And Heavy Technicals Provides Setups For Canadian Dollar Pairs

    by , 10-16-2008 at 03:56 PM (Analyst Picks)
    Volatility And Heavy Technicals Provides Setups For Canadian Dollar Pairs

    Click HERE for Full Article

    In a time when most of the world is still dealing with a financial crisis and many industrialized and developing nations are heading into recessions, the Canadian dollar has held up surprisingly well. Nonetheless, through the period of heightened volatility and dramatic trend changes, the loonie has been held under consistent selling pressure. Now with fundamentals playing a greater role in direction and technicals quick to enter the picture, there are clear opportunities developing for the Cad crosses. See what our DailyFX Analysts are looking at below:

    Antonio Sousa

    My picks: Remain ...
  2. Cad/usd 120min and Jpy/usd daily charts on Oct 16,2008

    by , 10-16-2008 at 03:14 PM
    รูปขนาดเล็ก รูป    
  3. Forex / European Session - 16/10/2008

    by , 10-16-2008 at 01:32 AM (Currency Majors Technical Analysis)
    [SIZE="5"]EUR/USD - Euro Dollar[/SIZE]
    1,3396. EUR USD broke 1,3540 support. EUR USD is in an downtrend directed by 15min exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The price should continue to move in 1,3350 / 1,3540 range. If the support is broken then the target will be 1,3000 (396 pips). => We could take a short position at 1,3420. We will put the stop loss above 1,3540 (-120 pips). The targets are 1,3260 (+160 pips, risk/reward 1:1.3), 1,3000 (+420 pips, risk/reward ...

    by , 10-15-2008 at 11:12 PM (The Daily Forecaster)
    [B]Bias: [/B] We'll need a break back above 1.7365-00 to confirms stronger gains while below 1.7057 signals losses

    We didn't see the expected gains yesterday with loss of the 1.7346 support generating a solid decline down to 1.7128. I am not yet convinced this will mean direct losses back to the 1.6771 low but I feel it more prudent to wait for confirmation of the upside resuming. The first resistance is at 1.7365 and if this gives way I'll feel more confident about the upside again. We shall still need to exercise some care at the 1.7390-00 peaks but once this breaks look for a direct move back above 1.7511 towards the 1.7601-29 highs.

    For full analysis please open today's full report in PDF format.
    รูปขนาดเล็ก ไฟล์แนบข้อความ
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