Posts Tagged ‘bias’
Trade Idea: EUR/GBP – Sell at 0.8525
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Wednesday, 16 February 2011 14:11
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Despite yesterday’s fall to 0.8357, as the single currency found good support there and has staged a sharp rebound today, suggesting a temporary low has possibly been formed and consolidation with mild upside bias is seen, break of yesterday’s high at 0.8449 would bring retracement to 0.8515 (50% Fibonacci retracement

 
USD/CHF Mid-Day Outlook
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Wednesday, 16 February 2011 13:52
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USD/CHF drew strong support from 4 hours 55 EMA and rebounds today. The development argues that rise from 0.9329 may be resuming. Intraday bias is cautiously on the upside for the moment. Sustained break of 0.9782 resistance will confirm resumption of rebound from 0.9300 and should pave the way towards

 
Trade Idea Update: USD/CHF – Hold short entered at 0.9700
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Wednesday, 16 February 2011 12:56
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Although the greenback staged a sharp rebound from 0.9617 in European session, as long as the Ichimoku cloud bottom (now at 0.9708) holds, consolidation with mild downside bias remains for another decline. A break of said intra-day support at 0.9617 would extend the fall from 0.9776 top for a stronger