Trend resumed nicely and all Ichimoku indicators point south.
However, since the price is rebounding and is reaching resistances by TS, KS and CS, a possibility of turnaround is near. Should the price continue to advance, thin kumo in the next two days will not give much problems.
Pretty bullish day today but Dow Jones carving out a possible wedge and US dollar with an ascending triangle. Although i dont really like the long lower wick on the daily Candle as long as price stays below 2980 then we could continue down. Anyway, We're down to the last daily candle of 2011 so Happy New Year to everyone here and lets bring in many many pips in 2012. Should be an interesting year with all the economic problems going on but we'll see. GL everyone.
The EUR/USD is also sitting on its long term 10 year trend line support here - today's action is difficult to gauge as it is last day of the year/low liquidity conditions
Longtime reader, first time poster (I think)...does anyone have any good sites for free Bond or T-note Yield charts? It's the only chart I don't have to follow throughout the day. So far, I have the EURUSD, GBPUSD, Italy/Germany/Spain Indices, S&P, Oil, and Gold. Thanks traders!
EURUSD is posting a rebound from fresh lows. The price is in a very well defined rising wedge. Since the overall trend is down, the wedge can be seen as a continuation pattern and the break of the lower rising support line will indicate the downtrend resumed.
However, intraday the trend is bullish and I'll look for another test of 1.30-1.3025
Last edited by banison; 12-30-2011 at 07:56 PM.
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Originally Posted by herman sucipto 
