Daily Forex Review Reviewing the foreign exchange and currency market

29Jul/10Off

Daily Recommendation 29/07/2010:Buy AUD/USD

Buy AUD/USD @ 0.8980 SL @ 0.8890, TP1 @ 0.9040, TP2 @ 0.9090, TP3 @ 0.9140

The forex pair has been trading upwards since the beginning of July and is continuing to do so after a recent retracement.

All analysis is based on the 8 hour chart.

For Questions comments and further information call us at + 357.220.226.68.

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Tagged as: Comments Off
26Jul/10Off

Forex Recommendation

Sell USD/CAD SL @ 1.0520, TP1@ 1.0300, TP2 @ 1.0240, and TP3 @ 1.0180

The pair has been on a downtrend since last year and we believe it will continue to do so. .

Increasing Oil prices supports the downtrend of the USD/CAD as well.

SL is located just above the last peek the pair have reached in the past week.

All analysis is based on the 4 hour and daily charts

For Questions comments and further information call us at + 357.220.226.68.

Last price: 1.0355

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22Jul/10Off

Forex Recommendation for Today

Sell AUD/NZD - SL @ 1.2340, TP1 1.2240, TP2 1.22, TP3 1.2125

The pair based a strong resistance at the 1.2340 zone and seems to reverse down again.

The RSI is below 50 showing negative trend for the pair.

All analysis is based on the 1 hour charts.

For Questions comments and further information call us at + 357.220.226.68.

Last: 1.2287

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