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Trading industry insider Scott Shubert saw this flash crash coming TWO days before May 6. The ability to see these turning points in advance enables him to enter and exit profitable trades in the Forex currency market. Check out the video and see for yourself.
We have seen this price compression many times and frankly it offers two diametrically opposed outlooks. Considering the explosive nature of the third wave rally from 106 to 113, we suspect this momentum loss is taking shape as a rising wedge pattern. While it projects marginal new highs in the ... Leer más
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The Conference Board's consumer confidence index fell sharply in today's trading, pressuring the greenback against its major rivals. The EUR/USD tested the area just below 1.36, the USD/JPY fell to its lowest since intervention, the USD/CHF hit a record low....
The downside correction has been rather aggressive but has held the critical 1.5715 pivot point at the top of wave One. As this base holds we have to respect the uptrend potential to extend the rally to 1.5940 and even an attempt at the former 1.5995 peak. However, revert to ... Leer más
The Euro uptrend has been relentless in which I can only describe as an extended fifth wave. None-the-less as the 1.3500 pivot point now holds we would expect the rally to continue directly to the next 1.3690 resistance point. As this level contains, be wary of any breach of this ... Leer más