{"id":14649,"date":"2010-10-29T03:58:47","date_gmt":"2010-10-29T07:58:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14649"},"modified":"2010-10-29T03:58:47","modified_gmt":"2010-10-29T07:58:47","slug":"forex-daily-analysis-29-10-2010","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/29\/forex-daily-analysis-29-10-2010\/","title":{"rendered":"Forex daily analysis 29-10-2010"},"content":{"rendered":"<p>AUD\/USD<\/p>\n<p>Daily graph: \u00a0<a href=\"http:\/\/www.real-forex.com\/charts-daily\/291010\/AUD_DAILY_291010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/291010\/AUD_DAILY_291010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/29-10-2010\/AUD_DAILY_291010.jpg\" alt=\"AUD\/USD daily\" width=\"314\" height=\"196\" \/><\/p>\n<p>The bearish trend started in the beginning of the week has been corrected by exactly 50% during the 28-10-2010 session. Such a correction let us anticipate the renewal of the original trend. The future downtrend, once identified, should create an opportunity to go \u201cShort\u201d.<\/p>\n<p>Suggestion: Looking for a decreasing configuration on one-hour graph in order to detect the new trend ASAP.<\/p>\n<p>Potential trade<\/p>\n<p>Hourly graph: \u00a0<a href=\"http:\/\/www.real-forex.com\/charts-daily\/291010\/AUD_1H_291010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/291010\/AUD_1H_291010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/29-10-2010\/AUD_1H_291010.jpg\" alt=\"AUD\/USD 1H\" width=\"314\" height=\"196\" \/><\/p>\n<p>The required configuration should appear once the support (1H-graph support) of 0.9762 will be crossed downward. When crossed, we suggest ordering those commands:<\/p>\n<ul>\n<li>\u201cLimit\u201d order on \u201cShort\u201d position 10 pips below the 1H support mentioned above, meaning: 0.9752.<\/li>\n<li>\u201cStop Loss\u201d order on the last high appeared: 0.9814.<\/li>\n<li>\u201cTake Profit\u201d on the following support, which is: 0.9722<\/li>\n<\/ul>\n<p>NZD\/USD<\/p>\n<p>Daily graph: \u00a0<a href=\"http:\/\/www.real-forex.com\/charts-daily\/291010\/NZD_DAILY_291010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/291010\/NZD_DAILY_291010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/29-10-2010\/NZD_DAILY_291010.jpg\" alt=\"NZD\/USD daily\" width=\"314\" height=\"196\" \/><\/p>\n<p>During this trading week, the pair didn\u2019t stop to navigate between the resistance 0.7564 and the support 0.7428. Actually, the pair is very close to the resistance mentioned. The way it will behave once the level will be reached will determine the trend as well as the position to adopt toward the movement:<\/p>\n<p>&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 A vain breach of the resistance (test) may indicate a reversal, suggesting a position \u201cShort\u201d until the closest support (0.7428).<\/p>\n<p>&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The resistance is crossed and broken, suggesting a longer uptrend. To go \u201clong\u201d would be very profitable.<\/p>\n<p>Have a nice week-end!<\/p>\n<p><a href=\"http:\/\/www.real-forex.com\/affiliate\/scripts\/click.php?a_aid=CountingPips&amp;desturl=http%3A%2F%2Fwww.real-forex.com%2F\">Real-Forex<\/a> team.\u00a0 <img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/146x29.jpg\" alt=\"logo\" width=\"146\" height=\"29\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bearish trend started in the beginning of the week has been corrected by exactly 50% during the 28-10-2010 session. Such a correction let us anticipate the renewal of the original trend. The future downtrend, once identified, should create an opportunity to go \u201cShort\u201d.<\/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-14649","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14649","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=14649"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14649\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}