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Currency Strenght

Saturday 10 December 2011

Dollar Currency Forecast

Expecting Some Consoldation in the Cad to the short term upside, However i'm be aware of the double Top at the 200 Day Moving average 1.05874 an the 50 DMA @ 0.9939 And Mr Price is in the middle @ 1.01668 so the bias is split. we will be slightly bearish below 1.1120 to the base of the poseidon line @ 0.9942 a break from there The harmonic count says the next leg is down to D @ 0.95690 which is the 127.0 Fib ABC the Low at 0.9405 this also coincide with the weekly trend dwn. Below B 0.99110 We will be strongly bearish above 1.0207 nadd hold we will be strongly Bullish USDCAD
USD CHF NOT Sure Still At the moment with the Chf the bias is on the bid side still i'm Expecting some consoildation b/4 the next push up
USDJPY Strong bullish above 84.16 bearish below 75.52 At the moment The alligators month is close MA 13,8,5, Not sure what to expect from the USDJPY So stand aside and waite for a clear signal

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