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Gbp/usd 30min and Jpy/usd 30min charts on Aug 27,2008

Posted 08-27-2008 at 02:11 PM by AbleSys

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PFX Forex Trading Outlook: 27 August 2008

Posted 08-27-2008 at 01:30 PM by LearningMarkets.com (Forex Education and Analysis)

PFX Forex Trading Outlook: 27 August 2008
by S. Wade Hansen
Full Article

REVIEW: 26 August 2008

The U.S. dollar (USD) looks like it is poised to resume its uptrend. This bullish outlook is bolstered by what we saw in the FOMC Meeting Minutes. It looks like the Fed is not in any hurry to raise rates, but they do think that the next move on rates will be a rate hike and not a rate cut.

You can see in the Intermarket Analysis video that the U.S. Dollar Index is right back up at near-term highs, and oil, gold and other commodities appear to be resuming their downtrends. This is a great sign because many analysts were talking about investors using commodities---especially gold and oil---as...

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Forex analysis, August 27th US session

Posted 08-27-2008 at 09:23 AM by Mataf (Currency Majors Technical Analysis)

EUR/USD - Euro Dollar
1,4735. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,4600 / 1,4800 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4775 - 1,4800
Supports
1,4700 - 1,4600

more information on EUR/USD - Euro Dollar Click Here

GBP/USD - British Pound Dollar
1,8451. GBP USD is in an downtrend directed by 4H exponential...

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Forex analysis, August 27th European session

Posted 08-27-2008 at 02:10 AM by Mataf (Currency Majors Technical Analysis)

EUR/USD - Euro Dollar
1,4701. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The consolidation should continue. The price should continue to move in Bollinger bands. => We could take a short position at 1,4710. We will put the stop loss above 1,4750 (-40 pips). The targets are 1,4650 (+60 pips) 1,4600 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.