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Saturday, 7 January 2012

chart analysis


Trade Setups Commentary - Forex Trading Commentary
Daily Forex Market Commentary:
The Dow closed down marginally today after a low volume trading session and a disappointing housing report led investors to halt the previous 6-day rally.
Currencies:
The U.S. dollar gained on most of the major currencies today except the Australian dollar and New Zeeland dollar, however it looks like the dollar strength is set to continue across the board. Nice fakey setup on the eur/usd today that looks to continue the current downtrend into the 1.4220 area.
Pair in focus: EUR/USD
The euro/dollar inside bar from yesterday broke out to the upside but then quickly got sold back down resulting in a very nice fakey setup. For more great price action setups and specific entry and exit ideas check out our member’s trading forum.

For a more in-depth analysis of the Major FX Pairs and Pri
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