Monthly Archives: November 2012

AUDUSD IN A TRADING RANGE? 30TH NOV 2012

As illustrated above, the AUDUSD is in a trading range. At the start of this week, we had a fakey setup off the horizontal resistance level at the upper bound of the range.  After a 50% retracement on the pin … Continue reading

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Fakey Setup EURGBP 30th Nov 2012

The EURGBP has been showing some signs of bullish rejection on the daily chart. Today however, we have a fakey set up with a pin off a horizontal resistance level. Though the longer term bias of this pair remains bullish, … Continue reading

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Fakey setups: EURUSD GBPUSD Nov. 28, 2012

    In our analysis on Nov. 26, we pointed out that the pair had hit resistance Zone. Its been two days of patiently waiting for the pairs to react and signify its intentions in the nearest future. That seems … Continue reading

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Trade Commentary USDJPY 27th Nov 2012

lastweek, the USDJPY formed a bearish pin bar  which saw the pair retrace lower  forming a counter pin bar candle. Today however, the bearish pressure seem to the growing stronger as we have bearish rejection candle break  and closed below … Continue reading

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Inside bar Setup On USDCAD Daily Chart Nov 27th 2012

The USDCAD saw a decent sell off after it formed a fakey on the daily chart last week. Today how ever, we see that  the daily candle closed as   an inside bar which happens to be a pin bar … Continue reading

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EURUSD GBPUSD Hits Resistance Zone Nov. 26, 2012

      Both pairs have exploded higher into resistance zone after the pin bar price action setup at the close of trading on the of the 21st Nov., 2012. However, the pairs still have bearish biases therefore, we look … Continue reading

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AUDUSD EURUSD Pin Bar Setup pulls off. Nov. 23rd 2012

      The Pin Bar Price action trade setups at US close yesterday, interested buyers to move in on the pairs and despite the bank holidays today, we still did have a decent bullish momentum. Price is expected to … Continue reading

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Pin bar setup GBPJPY Daily Chart. 23rd Nov 2012

The recent bullish run by the GBPJPY came to a halt after it formed a Pinbar off a major resistance level. we could see price retrace lower to the support level of 129.60 where we would look out for a … Continue reading

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Fakey Setup On EURGBP pulls Off. Nov 23rd 2012

Yesterday In our market commentary, we discussed the fakey setup on this pair pointing out that  could possibly see the bulls come in play not until price breaks and closes  above the resistance level of 0.8075. Today however, we say … Continue reading

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Fakey Setup On GBPCHF Pulls Off Nov 23rd 2012

Yesterday in our market commentary, we discussed the fakey setup on the  daily chart of GBPCHF. we mentioned that we could see price fall towards the support line of 1.4925. today however, we see that price has broken and closed … Continue reading

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