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The Wild Card 20 Aug 2009 CHF/JPY

Discussion in 'Major Currency Crosses' started by forexqs.blogspot.com, Aug 20, 2009.

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    The Wild Card
    Thursday, 20 Aug 2009
    BOE Reveals Doubt over Short-Term Recovery
    The Wild Card
    CHF/JPY

    The latest upward movement on this pair has given forex traders two distinct signals for a downward correction later today. The first is a bearish cross on the 4-hour Slow Stochastic, suggesting a downward movement is imminent. The second is a fresh doji candlestick formation on the 4-hour chart, which typically signals a reversal is in the making. Entering short positions as soon as possible may help traders capture decent profits
     

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