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Daily Trading Forecasts (April 22, 2013) by Azeez Mustatapha
The JPY pairs were able to maintain their bullish outlook last week. This week, the bullish outlook is expected to continue, but it is
unlikely the pairs would go beyond their monthly highs. &n ... Read more
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With heavy hearts towards the brave citizens of Boston, the stock market charges back by Matt Zivich
IBM dragged the Dow on Thursday after hours, along with Microsoft and Google. During Friday's trading, the Dow was down as much as 90
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Daily Trading Forecasts (April 17, 2013) by Azeez Mustatapha
The JPY pairs have quickly recovered the losses they saw on Monday. Now the question is: would these pairs reach their respective
last week’s highs? This may not be likely in this week.&n ... Read more
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Daily Trading Forecasts (April 16, 2013) by Azeez Mustatapha
The price behavior that was seen on Monday shows that we may reasonably expect significant market movements this week. Right now, the
markets are at critical price levels. &nb ... Read more
Georgia Anderson's Financial News Network Blog
USDCHF technical analysis weekly strategy
Posted by: megaforexfx
Hi, María here. I wish everyone a great day and a great weekend.
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USDCHF
The United States dollar – Swiss Franc pair, in the 4 hours chart, We notice a formation technique, double top, with a potential drop to the nearest 0.9377 fractal, this level coincides with the 200-day moving average, which maintains the upward trend of the pair at this level also abut the first support weekly. However, a strengthening of the franc could reach the level of 0.9200 dollars per Swiss franc
Momentum indicator, RSI shows a level of neutrality is expected back up and then a fall.
Have a great day!
María
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