{"id":15095,"date":"2010-11-08T09:41:42","date_gmt":"2010-11-08T14:41:42","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15095"},"modified":"2010-11-08T09:41:42","modified_gmt":"2010-11-08T14:41:42","slug":"real-forex-daily-analysis-08-11-2010","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/08\/real-forex-daily-analysis-08-11-2010\/","title":{"rendered":"“Real-Forex” daily analysis: 08-11-2010"},"content":{"rendered":"

USD\/CHF<\/p>\n

Daily Graph: http:\/\/www.real-forex.com\/charts-daily\/November2010\/CHF_DAILY_081110.JPG<\/a><\/p>\n

\"\"<\/p>\n

3The downtrend of the last three weeks was corrected until an important resistance at 0.9933 was reached. The pair, after it stopped exactly on the mentioned resistance, started to decrease very sharply.<\/p>\n

On Friday\u2019s trading session, the pair reached a support at 0.9547. Due to the strength of the support, a new bullish trend is expected. In order to catch that opportunity and go \u201cLong\u201d with the new trend, the identification of an increasing configuration is recommended before entering any \u201cLong\u201d trade.<\/p>\n

Potential trade<\/p>\n

One-Hour graph:\u00a0 http:\/\/www.real-forex.com\/charts-daily\/November2010\/CHF_1H_081110.JPG<\/a><\/p>\n

\"\"<\/p>\n

Once the resistance (One-Hour resistance) of 0.9642 will be crossed upward, the required configuration should be created. Then the transaction could be entered. Following is one of the different possibilities of market orders:<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u201cLimit\u201d order on \u201cLong\u201d position 10 pips above the mentioned resistance, meaning: 0.9642.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u201cStop Loss\u201d on the last low appeared: 0.9569.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1st<\/sup> Degree to \u201cTake Profit\u201d, on the following resistance which is: 0.9696.<\/p>\n

CAD\/JPY<\/p>\n

Daily graph: http:\/\/www.real-forex.com\/charts-daily\/November2010\/CAD_JPY_DAILY_081110.JPG<\/a><\/p>\n

\"\"<\/p>\n

There is a clear navigation between 81.78 (resistance) and 78.66 (support). Actually, the pair is currently on its way to the upper level. Its behavior when the resistance will be reached will determine the future trend as well the future potential trade:<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 A vain breach of the resistance could result in a new downtrend, allowing an opportunity to go \u201cShort.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The resistance is crossed and broken. In such a case, an opportunity to go \u201cLong\u201d should be created after the occurrence of a technical correction and the identification of an increasing configuration on One-Hour graph.<\/p>\n

Have a profitable Day!<\/p>\n

Real-Forex team. \"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Once the resistance (One-Hour resistance) of 0.9642 will be crossed upward, the required configuration should be created. Then the transaction could be entered. Following is one of the different possibilities of market orders:<\/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-15095","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15095","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=15095"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15095\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}