DAILY FOREX RECOMMENDATION


Friday, 29 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.4770 - 1.4680
Trend: Downward
Sell at 1.4758 SL 1.4790 TP 1.4691

USD/JPY
Trading range: 109.30 - 108.50
Trend: Downward
Sell at 109.20 SL 109.52 TP 108.58


GBP/USD
Trading range: 1.8355 - 1.8250
Trend: Downward
Sell at 1.8341 SL 1.8373 TP 1.8263

USD/CHF
Trading range: 1.0925 - 1.1025
Trend: Upward
Buy at 1.0938 SL 1.0906 TP 1.1012

by iForex

29th August Breakout Signals
Posted on August 29th, 2008 by Jafar

USD/JPY - 20 pip trail
Buy @ 109.39 SL109.09 TP109.77
Sell @ 108.92 SL109.22 TP108.67

EUR/JPY - 25 pip trail
Buy @ 161.31 SL160.91 TP161.79
Sell @ 160.59 SL161.03 TP159.99

GBP/JPY - 40 pip trail
Buy @200.59 SL200.19 TP201.20
Sell @ 199.58 SL200.09 TP198.95

GBP/CHF - 40 pip trail
Buy @ 2.0110 SL2.0050 TP2.0170
Sell @2.0030 SL2.0080 TP1.9959

by Rebate Forex

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Penny Stock Alert > Hot Stock Pick ? Best Daily Top Stock List

By. -  http://www. MomentumStockPick. com  The stock market should present us with a wide variety of NEW hot penny stocks in 2009. Many of them are going to be new technology stocks that come from the nanotech, biotech, financial, energy, healthcare & communications sectors. Most of them might seem promising, but the truth is that [...]

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Dow Jones

After the index fluctuated slightly, it continued the upside move targeting next 12405 areas, which is 76.4% correction for the entire decline from 14266 to the trough at 6461.

Supporting our expectations for the continued bullishness is represented with:

1.The mentioned channels
2.The 50 SMA which is supporting the current bullishness
3.The recent breach of 61.8% correction which is the key for extending the upside move and exit the general downside trend
On the other hand, momentum indicators are overbought and it will restrict the upside move especially when facing the psychological 12,000 areas, which might force the index lower in a slight correctional wave.

In general, we expect the upside move to continue over short and medium term basis, though breaching 11600 might pressure the index further south towards 11275 which is the key to preserve the general upside move for the index.

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eur/usd downside trend

Euro rebounded from levels around 1.3400 due to the positivity of momentum indicators, where it neared the retest level once again around 1.3575.
SMA 50 is around this level, alongside Stochastic gradually losing bullish momentum and thereby making us expect a bearish intraday direction after touching the highlighted retest level, where awaited targets start at 1.3400 then 1.3365. Note that the sensitivity of the targeted levels, where continuing its stance in front of the pair’s descend will help trading return within the bullish trend once again, while the effect of the bearish technical pattern mentioned in our previous reports will end.

The trading range for today is among the key support at 1.3365 and the key resistance at 1.3615.

The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at 1.5135.

Introducing Broker Dealer Definition

Currency Trading Tips ? A Beginner?s Guide to Currency Trading

Currency Trading Tips I?m certain that you ought to hold heard of currency trading. But do you really understand what it is all about? Currency trading is additionally labeled overseas exchange, Forex, or FX trading. It is a form of trading so deals amidst the earth currencies on the international exchange market. Currency Trading Tips [...]

Introducing Broker Dealer

Dow Jones

After the index fluctuated slightly, it continued the upside move targeting next 12405 areas, which is 76.4% correction for the entire decline from 14266 to the trough at 6461.

Supporting our expectations for the continued bullishness is represented with:

1.The mentioned channels
2.The 50 SMA which is supporting the current bullishness
3.The recent breach of 61.8% correction which is the key for extending the upside move and exit the general downside trend
On the other hand, momentum indicators are overbought and it will restrict the upside move especially when facing the psychological 12,000 areas, which might force the index lower in a slight correctional wave.

In general, we expect the upside move to continue over short and medium term basis, though breaching 11600 might pressure the index further south towards 11275 which is the key to preserve the general upside move for the index.

Introducing Broker Dealer