monday oct. 6 2014
DESCRIPTION
forexTRANSCRIPT
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DAILY FOREX MARKET ANALYSIS
SELECTED CURRENCY PAIRS
OCTOBER 6, 2014______________________________________________________________
I. DAILY CHART CURRENCY ANALYSIS
WIDE-VIEW ANALYSIS
IMMEDIATE-VIEW ANALYSIS
BRIEF DESCRIPTION
II. POSSIBLE TRADES NEXT FEW DAYS
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TODAYS PAIRS
GBP AUD
USD CAD
NZD CAD
NZD USD
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I. CURRENCY ANALYSIS
GBP AUD
DAILY CHART
Rallied Sharply to break above Downtrend Line;
DAILY CHART
Now Pulling back below a Counter Trend Line after rallying sharply past its Monthly Range;
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USD CAD
DAILY CHART
Resumed Main Uptrend with Rally above Downtrend Line;
DAILY CHART
Has pulled back after hitting the Breakout Equivalent of Range;
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NZD CAD
DAILY CHART
In a Downtrend heading to the Outer Uptrend Line;
Downtrend started with breakout from Pennant;
Close to hitting 2nd Monthly Range in this slow moving trend with small Candles (250 Pips - Weekly Range);
Trends with these Candles do not obey traditional Weekly Range targets;
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NZD USD
WIDER VIEW
DAILY CHART
Support of large Pennant hit after a False Breakout at Resistance;
DAILY CHART
Declined by over 1,000 Pips after breaking Range at Resistance;
Another example of small candles moving over large ranges;
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III. POSSIBLE TRADES NEXT FEW DAYS
PAIR SETUPS & SIGNALS
NZD JPY Setup and Signal to continue Bearish breakout;AUD CAD Setup and Signal to continue Bearish breakout;GBP JPY Setup and Signal for False Breakout;
NZD JPY
AUD CAD
Breakout Equivalent (B.E.) of small Range hit below Trend Line;
Needs a strong setup and signal to resume breakout;
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Next target would be the Breakout Equivalent of the Large Range;
GBP JPY
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