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Day: January 3, 2009
January 32009
Forex Technical Analysis for 01/05—01/09 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3218 1.3534 1.3729 1.4045 1.4240 1.4556 1.4751 GBP/USD 1.3929 1.4142 1.4345 1.4558 1.4761 1.4974 1.5177 USD/JPY 87.62 88.69 90.25 91.32 92.88 93.95 95.51 EUR/JPY 121.28 […]
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January 32009
Forecast for 2009 — Currencies, Oil, Interest Rates
My last forecast (for the year 2008) missed the real world market action significantly. The financial crisis made a lot of the forecasts made by the analysts and traders useless but, nevertheless, I still wish to offer my vision for the next year. This is just my opinion and it shouldnt be taken as a serious forecast or some guide for trading. EUR/USD will go down in 2009 and will probably reach 1.2000–1.2400 and then jump up to about 1.3000.GBP/USD will head down; probably, to a parity.USD/JPY will be very volatile, falling […]
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