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USDCHF remains in medium term uptrend, and the rise from 1.0366 extends to 1.1779 level. Near term support is now located at 1.1399, as long as this level holds, we'd expect the medium term uptrend to continue. However, below 1.1399 level will indicate that the rise from 1.0366 has completed and the following downtrend will take price back to 1.1000 zone.

For long term analysis, USDCHF has formed a cycle bottom 1.0366 level on weekly chart. Consolidation in a range between 1.0366 and 1.2296 is expected in a couple of months.



Long Term Forex Market Analysis

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Feb 13, 2009- 2:00 PM Est.

Casey Stubbs--Winners Edge Trading

The Euro is still trading in the range it was in last week. This has been two full weeks of consolidation trading for the Eur/Usd. The resistance level is at 1.3091 while the support for this pair is 1.2705. How long will this range continue to hold. Because of the stability of this price range over the past couple of weeks traders that have a range trading strategy have been seeing some good profits. Moving average strategies do not work in this enviorment because as soon as the crossover occurs, the price turns and goes back the other way. So the best way to trade this is finding support and resistance levels and when the pair hits that level and turns ...

By Jim Picerno, greenfaucet.com

Central bankers aren't gods, even if a few of them sometimes think otherwise. For proof of their mortal status one need only survey the various errors linked to this group in the 21st century. Yes, many central bankers made good, even superb decisions. But there were also some rather large lapses in judgment in matters of monetary policy and related matters in recent years. Arguably the ill-advised decisions overwhelmed the brilliant ones. A number of central bankers tell us so.

Of course, the private sector made more than a few errors too. In sum, the blame for the current troubles stretches far and wide. But when it comes to concentrated power, and the capacity for generating pain ...