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Currency Analysis for EURUSD, September 3, 2012

ForexZig.com September 3, 2012 Comments Off

The long-awaited announcement of Ben Bernanke at the Jackson Hole conference on Friday, caused a sharp reversal of the trading direction above the resistance of 1.2588. While the current uptrend is topical, the next

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Advantages of the Technical Analysis

ForexZig.com August 30, 2012 Comments Off

The technical analysis is a main guide for millions of investors around the world, who depend only on history and the theory of its repetition to predict the future price movement of a particular

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Daily analysis for USDCHF

ForexZig.com August 29, 2012 Comments Off

After the break of key levels 0.96 and 0.9770, the next important resistance is the level  1.00670 – peak of 28 November 2010, followed by 1.1731 – the highest point on May 30, 2010.

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Daily analysis for GBPUSD

ForexZig.com August 29, 2012 Comments Off

On downside in the medium term, the first support is the 1.5350 – low of December 28, 2010, followed by the psychological 1.5000 – 61.8%. Only break of this level could lead the pound

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Daily analysis for USDJPY

ForexZig.com August 29, 2012 Comments Off

First resistance is 87.50, appearing 38.2% Fibo retracement of the fall from 124.15 to 76.33, followed by 94.45 – 100.14 and 38% – 50% Fibo retracement of the decline. The Dollar will get a

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Daily analysis for ЕURUSD

ForexZig.com August 29, 2012 Comments Off

The Euro impetuously falls down, breaking a number of key support. After a break of 1.2624 – the lowest level from Jan. 8, 2012, it follows the key support for euro at 1.1875 low

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Basic Forex Terms

ForexZig.com August 21, 2012 Comments Off

Pips – the smallest price quotation in the currency. In the futures, the term tic is often used. For example, if EUR/USD moves from 1.3055 up to 1.3056, this is one pips. Spread –

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Moving over 84.20 according to USDJPY will comfirm the bottom

ForexZig.com August 21, 2012 Comments Off

Analysis: The dollar has managed to pass the level 78.80 and the H1 became positive (as you know we took a long position last week for H1). The D1 however is still neutral and

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