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Posted by Abdul Razak Ali at 12:11 AM 0 comments
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Forex Technical Analysis 2011/15/08 (EUR/USD, USD/CHF, EUR/JPY, NZD/USD) Forecast FX
Forex Technical Analysis 2011/15/08 (EUR/USD, USD/CHF, EUR/JPY, NZD/USD) Forecast FX
12.08.2011 / 18:30
Forecast for August 15th, 2011
EUR/USD
In case of EUR/USD currency pair we have upside down “head & shoulders” reversal pattern forming with the target in the area of 1.4453. One can try to buy the pair with the tight stop. But if Euro falls lower than 1.4165, this case scenario will be cancelled. We recommend you to increase the amount of long positions only after the price breaks the neckline.

USD/CHF
Franc is moving inside the rising channel, the target of the growth is the area of 0.7856. However, if the price breaks the rising channel’s lower border, one can consider selling the pair with the tight stop above 0.7860. The closest target of the fall is the area of 0.7365.

EUR/JPY
The EUR/JPY currency pair is moving inside the descending pattern with the target in the area of 106.44. One can try to sell it with the tight stop. But if the price breaks the descending channel’s upper border and leaves it, this case scenario will be cancelled.

NZD/USD
New Zealand Dollar keeps moving upwards and right now we can see the formation of the rising symmetrical pattern with the target in the area of 0.8394. The stop must be below 0.8245. But if the price leaves the channel, this case scenario will be cancelled.

Happy trading.form Rajadolarfx team.
Labels: Forex Technical Analysis 2011/15/08
Posted by Abdul Razak Ali at 6:51 AM 0 comments
12august nzdchf 234pips
We start with 5 minute chart.My Currency meter for nzd 7.00 means very strong versus chf 0.29 very weak.we take a position for nzdchf at 5 lot at price 0.6244.the price break ma34 and ma50(yellow).with tight stoploss at 0.6196 at 50pips sl.we closde in profit at 0.6478 at 234pips.win usd1170 for Friday madness trading.lol
Labels: nzdchf meter nzd7.00 chf 0.29
Posted by Abdul Razak Ali at 5:34 AM 0 comments
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