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Old 07-28-2008, 11:48 PM
masterpips masterpips is offline
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Join Date: Jul 2008
Posts: 40
Default Daily Analysis on 29th July 2008

Hello All

EUR/USD

Analysis



Based on this daily chart, we can see we already have a signal to buy because there are " 3 outside up" pattern but based on this 4H chart

we can see there are a resistance, so I think it's better to wait it break that resistance (1.5757)


Forecast

Day Trader : -
Swing Trader : Up


Recommendation

Day Trader : wait until it break 1.5757
Swing Trader : Buy but it's better to wait until it break 1.5757


USD/CHF

Analysis

Based on this daily chart, we have a good signal. it's already rebound from our channel resistance line. So I think it'll go down.

Forecast :

Day Trader : Down
Swing Trader : Down

Recomendation

Day Trader : Sell
Swing Trader : Sell


That's all. Happy Trading


Last edited by PipDiddy; 07-29-2008 at 03:43 PM. Reason: Link Violation
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