{"id":13859,"date":"2010-10-08T09:00:45","date_gmt":"2010-10-08T13:00:45","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13859"},"modified":"2010-10-08T09:00:45","modified_gmt":"2010-10-08T13:00:45","slug":"forex-daily-analysis-for-08-10-10","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/08\/forex-daily-analysis-for-08-10-10\/","title":{"rendered":"Forex daily analysis for 08-10-10"},"content":{"rendered":"<p>GBP\/USD<\/p>\n<p>Daily graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/081010\/GBP_DAILY_081010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/081010\/GBP_DAILY_081010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/08-10-2010\/GBP_DAILY_081010small.jpg\" alt=\"gbp-daily\" width=\"384\" height=\"240\" \/><\/p>\n<p>One \u2013 Hour graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/081010\/GBP_1H_081010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/081010\/GBP_1H_081010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/08-10-2010\/GBP_1H_081010small.jpg\" alt=\"gbp-1h\" width=\"384\" height=\"240\" \/><\/p>\n<p>The pair finally crossed the resistance 1.5896 upward after 4 days of anemic candles. However the resistance was crossed back downwards a few hours later. Such a behavior can indicate a very strong reversal trend. Now we suggest you to look for a descending configuration on the one-hour graph in order to start a \u201cShort\u201d Transaction.<\/p>\n<p>Potential Trade<\/p>\n<p>According to our opinion, the descending configuration will happen when the pair will cross the support level of 1.5817. Once this level crossed, we suggest you to enter the following orders for the potential trade:<\/p>\n<ul>\n<li>\u201cLimit\u201d order on \u201cshort\u201d position in case of 10pips breach downward of the support: 1.5817<\/li>\n<li>\u201cStop Loss\u201d on the last high occurred: 1.5882.<\/li>\n<li>We suggest you not to enter a \u201cTake Profit\u201d order, but rather follow the movement of the pair on a one-hour graph.<\/li>\n<\/ul>\n<p>AUD\/USD<\/p>\n<p>Daily graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/081010\/AUD_WEEKLY_081010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/081010\/AUD_WEEKLY_081010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/08-10-2010\/AUD_WEEKLY_081010small.jpg\" alt=\"aud-daily\" width=\"384\" height=\"240\" \/><\/p>\n<p>Please pay attention to these two points:<\/p>\n<ul>\n<li>During the last session, the pair crossed a critical weekly resistance, and crossed it back downward.<\/li>\n<li>The pair moved several hundred pips during the last months.<\/li>\n<\/ul>\n<p>This may indicate a reversal trend. The period of correction resulting from this reversal, can create an opportunity of \u201cShort \u201ctransaction. We suggest you to follow the movement of the pair on a one-hour graph and look for the descending configuration which will indicate the opportunity to \u201cShort\u201d.<\/p>\n<p>We wish you a profitable day and a great week end<\/p>\n<p><a href=\"http:\/\/www.real-forex.com\/\" target=\"_blank\">Real-Forex<\/a> team:  <a href=\"http:\/\/www.real-forex.com\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/164x30.jpg\" alt=\"real-forex\" width=\"164\" height=\"30\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to our opinion, the descending configuration will happen when the pair will cross the support level of 1.5817. Once this level crossed, we suggest you to enter the following orders for the potential trade:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13859","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=13859"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13859\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}