Tag: open-the-door

EURUSD Weekly Summary: Bullish flag broken, Euro could continue the bullish run

Filed in euro, Gold, o, silver by on February 19, 2011 0 Comments
EURUSD Weekly Summary: Bullish flag broken, Euro could continue the bullish run

EURUSD Weekly Summary: Bullish flag broken, Euro could continue the bullish run to 1.3860 or higher The EURUSD slipped below 1.3500 this week, but found a good support around 1.3420 area before bounced significantly higher and hit 1.3714 on Friday. As you can see on my daily chart below, the bullish flag is broken out to the upside, suggests potential bullish continuation scenario which started from 1.2873. This fact not only open the door for further bullish run testing 1.3800 – 1.3860 key resistance area, but could create a bigger bullish scenario testing 1.4200 – 1.4300. Immediate support is seen around 1.3650 followed by 1.3550. A break below 1.3550 could cancel the bullish flag upside scenario re-testing 1.3420 key support level. Have a great weekend and see you guys next week.

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Weekly Technical Strategist: EURUSD

Filed in Gold, silver by on June 13, 2010 0 Comments

EURUSD: Risk Builds Towards The 1.2353 Level. EURUSD: The pair saw a breather the past week halting its strong medium term declines and triggering a recovery higher to close the week at 1.2110. This price action has opened up further upside risk towards the 1.2353 level, its Jun 01’10 high with a clearance of there allowing for additional strength towards the 1.2671 level, its May 21’10 high at 1.2671. That level should provide a strong resistance and turn the pair back down. Further out, its psycho level at 1.3000 will come in as the next resistance. This view remains valid while EUR continues to trade above the 1.2000/1.1875 zone. Alternatively, a break and hold below the 1.1875 level, the 2010 low will have to occur to annul its corrective recovery effort and bring further weakness towards its Jan’2006 low at 1.1801. A violation of there will open the door for more downside pressure towards its major support at 1.1640 established in 2005. All in all, having triggered a corrective recovery, the pair now looks to build on those gains with eyes on the 1.2353 level and then the 1.2671 level. Attached Images

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AUDUSD: Corrective Strength Set To Break The 0.8550 Level.

Filed in Gold Bullion prices, silver by on June 12, 2010 0 Comments

AUDUSD: With a higher weekly close wiping out its previous week gains the past week to close at 0.8499, risk of a recapture of its May 28’10 high at 0.8550 continues to shape. The implications of this break is that it will confirm a bottom (built after three failed downside attempts) and open the door for more strength towards the 0.8576 level, its Feb 05’10 high. A reversal of roles is likely at this level to turn the pair back down again. However, on a breach of there more strength should develop towards its May 06’10 low at 0.8704. Its daily and weekly RSI are supportive of this view. To invalidate its present corrective strength, a break and hold below the 0.8069/65 levels, its May 20’10/2010 lows must be established. This will clear the way for further declines towards the 0.7800 level, its psycho level and then the 0.7704/00 level, it’s .50. Fib Ret (0.6008 – 0.9404 rally). This view remains in alignment with its broader weakness triggered from the 0.9404 level in Nov’2009. All in all, as long as the pair continues to hold above the 0.8069/65 levels, we see risk of a further recovery higher. Attached Images

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EURUSD: Corrects Higher On Oversold Condition.

Filed in Gold Bullion prices by on June 9, 2010 0 Comments

EURUSD: The pair is presently building on a second day of recovery triggered as a result of an oversold condition following its recent weakness. The recovery eyes a move towards the 1.2111/42 levels, its May 18’10/Jun 01’10 lows where a reversal of roles is expected to turn EUR back down again. However, on a failure of that level, its Jun 01’10 high at 1.2353 level will be aimed at ahead of the 1.2451 level, its May 28’10 high. Alternatively, to annul its current recovery, a break and hold below the 18.75 level, the 2010 low must occur to create scope for more weakness towards its Jan’2006 low at 1.1801. A violation of there will open the door for further weakness towards its major support at 1.1640 established in 2005. All in all, though broadly biased to the downside medium term corrective recovery is now underway. Attached Images

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Daily Technical strategist: USDCAD

Filed in Gold Bullion prices by on April 27, 2010 0 Comments

USDCAD: Holds Above 1.0000, Set Recover Higher. USDCAD- We are yet to see a clear sign of price continuation lower instead USDCAD’s price action is dominated by hesitation slightly above the 1.0000 level. While this continues, we look for the pair to trigger a corrective recovery and target its minor resistance at 1.0063 level, its April 23’10 high. A break through there will open the door for more upside gains towards the 1.0213 level, its April 19’10 high followed by the 1.0301 level, its Mar 26’10 high. We expect a halt at that level to turn the pair lower again in line with its broader medium term weakness. To reverse this impending upside risk, USDCAD must break and hold below the 1.0000 level and then recapture its 2010 low at 0.9927. That will prompt further downside pressure towards its July’08 low at 0.9818 with a breach of there bringing further weakness towards the 0.9707 level, its Feb’08 low and even lower. All in all, the pair remains hesitant as it continues to back off the 1.0000 level. Attached Images

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Preferential treatment for cops’ kin?

Filed in Gold Bullion prices by on December 15, 2009 0 Comments

IT WAS just after midnight. Brian Westberry and a woman friend sat frozen in his bedroom, hoping the persistent pounding on the front door of his Northeast Philly home would stop. It didn't. Westberry, 24, slipped his licensed .38-caliber revolver into his pants pocket and crept downstairs to open the door. There stood Gregory Cujdik, 32, who demanded to see “Jen,” his girlfriend. Westberry told him “Jen” didn't want to see him, and repeatedly ordered Cujdik to leave. When Cujdik refused, Westberry threatened to call police. ” 'Do it. My family are cops,' ” Cujdik said, according to Westberry. Original Article: Forum: News/Activism

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