Forex analysis

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admin 10:16:10 pm on November 13, 2008 | 0 | # |
Tags: forex rates, forex technical analysis

2008/11/13

Pivot: 1.49

Our preference: Long positions above 1.49 with targets @ 1.505 & 1.513 in extension.

Alternative scenario: Below 1.49 look for further downside with 1.485 & 1.4775 as targets.

Comment: the pair has broken above its resistance, the RSI is bullish.
admin 10:13:14 pm on November 13, 2008 | 0 | # |
Tags: forex rates, forex technical analysis, forex trading

day:2008/11/13

Pivot: 1.2445

Our preference: Long positions above 1.2445 with targets @ 1.2592 & 1.2633 in extension.

Alternative scenario: Below 1.2445 look for further downside with 1.239 & 1.233 as targets.

Comments: the RSI lacks downward momentum.