Tag Archives: reversal

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EURUSD: Bearish Reversal- Respect the Price Action

EURUSD: Bearish Reversal- Respect the Price Action

Our Services (7-day trial)                   Subscribe to our newsletter Feb 05 2013 EURUSD pair reversed from its highs clearly in impulsive fashion through the channel support line of the latest bullish run, connected from 1.3262. Pair closed well bellow that trend-line which is important evidence for a temporary change in trend. As such, we need to
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EURUSD: Patiently Waiting For a Bullish Reversal

Our Services (7-day trial)                   Subscribe to our newsletter Feb 13 2013 EURUSD found some support yesterday and is now testing the upper side of a corrective channel. As such, we need to be aware of an uptrend continuation as A-B-C corrective decline from 1.3710 may have already finished. However, recovery from latest swing low is
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AUDUSD: Reversal Pattern Is Pointing Towards 1.0375

Our Services (7-day trial)                   Subscribe to our newsletter Mar 07 2013 Sharp impulsive reversal higher in this week suggests that AUDUSD found a temporary low and completed an ending diagonal in wave 5 with a throw-over formation. Throw-over occurs when volume is high in the fifth wave that approaches its lower trendline of the pattern,
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USDCHF Update II: Corrective Reversal Could Reach 0.9390

Our Services (7-day trial)                   Subscribe to our newsletter Mar 08 2013 USDCHF broke higher in this week as expected into wave 5 of 3) that found resistance just beneath 0.9500 mark. A reversal from that high is quite strong so we think it’s part of a deeper pull-back but still only a corrective retracement. We
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GOLD Bearish Reversal in Progress, Could Hit 1300

Our Services Video Tour                   Subscribe to our newsletter May 20 2013 GOLD reversed nicely, perfectly lower from 1490 area two weeks back where base channel turned into a resistance as discussed in our latest video analysis. Notice that fall from that zone is now very sharp, showing evidences of an increase in volume and
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EURUSD: Bearish Reversal In Progress-More Weakness In View

Our Services Video Tour                   Subscribe to our newsletter June 24 2013 On EURUSD we can count three waves up from 1.2750 low which we believe it represents a corrective, contra-trend price action within a larger downtrend. We are talking about blue wave (2) which is now showing signs of completion around 1.3420 level after
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