Posts Tagged ‘greenback’
USD/CAD Elliott Wave Analysis
Written by admin
Thursday, 17 February 2011 10:16
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The greenback has remained under pressure after meeting renewed selling interest at 0.9988 last week (just faltered below indicated level at 1.0000), retaining our bearishness for downtrend to resume in wave v for weakness to 0.9800 and possibly towards 0.9680. Having said that, this wave v is likely to be

 
Trade Idea Update: USD/CHF – Sell at 0.9645
Written by admin
Thursday, 17 February 2011 09:57
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As the greenback has remained under pressure after meeting renewed selling interest at 0.9739 and tumbled to 0.9554, suggesting the decline from 0.9776 top is still in progress and a break of said support would extend weakness to next support at 0.9523 but reckon 0.9500 would hold from there due

 
Trade Idea: USD/CAD – Hold short entered at 0.9950
Written by admin
Wednesday, 16 February 2011 14:04
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Although the greenback edged marginally higher to 0.9904, as renewed selling interest emerged there and price has retreated, retaining our bearishness for decline to resume after consolidation and break of recent low at 0.9832 would confirm, extend weakness in wave (iii) for further fall to 0.9800 and eventually towards indicated