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Deltastock Daily Fx Analysis

April 28, 2009Current level- 1.4545The pair is in a broad corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4422 and 1.5896. As expected, yesterday's dip was limited above 1.4504 and the rebound that followed peaked at 1.4693. We think, that the overall consolidation pattern above 1.4397 is not over yet and there is a chance for one more upward attempt in the 1.4772-4812 zone before renewal of the

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Forex: GBP/USD: The pound could reach 1.6292 - Deltastock

FXstreet.com (Barcelona) - The Pound has resumed its upwad trend, and, after a spike down to 1.5950 level, the paur has returned upwards to hit another fresh 6-month high at 1.6050, and according to Stoyan Mihaylov, technical analyst at Deltastock, there is room for further appreciation.Mihaylov forecasts the Pound to reach levels around 1.6292: The pair is in an uptrend, after bottoming at 1.3506. Trading is situated above the 50- and 200-day SMA, currently projected at 1.4778 and 1.5510. Yesterday's

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Deltastock Daily Fx Analysis

April 17, 2009Current level- 1.4832The pair is in a corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4259 and 1.6470. Today's slide below 1.4823 has stated, that a top is in place at 1.5065, so we will expect further depreciation towards 1.4582, en route to 1.38+.Full Article

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Deltastock Daily Fx Analysis

March 17, 2009Current level-1.2985EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3292 and 1.4721. The uptrend from 1.2457 is still intact and the rebound from 1.3074 looks corrective in nature. Only below 1.2862 current bullish outlook will be transformed in bearish. Intraday support comes at 1.2944 and resistance is projected at 1.3030, as if that level gives way, next

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Euro Dollar (EUR USD) analysis

Forex trading. EUR/USD (Euro Dollar) technical analysis

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Australian Dollar Rallies After RBA Holds Rates

The Australian dollar is rallying against majors following the unexpected decision by the Reserve Bank of Australia to leave rates unchanged at its monetary policy meeting.The RBA held rates at 3.25% against expectations for a 25 basis point cut, citing stable domestic economic conditions.Jacqueline Douglas, strategist with TD Securities, said that since the announcement, the Aussie has robbed the USD of a lot of bullish momentum that was building up yesterday and initially overnight. The Aussie

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Broad U.S. Dollar Weakness Helps Push Canadian Dollar Higher

The Canadian dollar continues to make major gains as the U.S. dollar experiences broad weakness Friday morning.USD/CAD has been in a strong downtrend since the Asian session and continues to trade near the bottom of Friday's range in the low 1.21 CAD area.The U.S. dollar showed signs of a brief rally just ahead of the North American open, but 1.22 CAD is acting as a strong resistance point for the cross. With no major data released in

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US Dollar Canadian Dollar (USD CAD) analysis

Forex trading. USD/CAD (US Dollar Canadian Dollar) technical analysis

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