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ChartSecret.com: Forex Analysis, Bullish EUR\USD, Bearish EUR\JPY

Discussion in 'Technical Analysis' started by ChartSecret, Aug 2, 2009.

  1. ChartSecret

    ChartSecret New Member

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    Several interesting patterns have developed at these charts at the last week:

    EUR\USD
    [​IMG]
    A Symmetric Triangle at the Daily charts of this signaled the continuation of the uptrend. Precise pullback to Resistance trendline also confirmed the strength of the trading signal.

    [​IMG]
    Wedge at EUR\JPY and USD\JPY signals Bearish reversal at the next week. Wait for price to reach a Resistance level and enter short after candlestick confirmation.

    More Analysis and Trading Articles:
    chartsecret.com/content/daily-forex-analysis-continuation-eurusd-reversals-jpy
     
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