{"id":15163,"date":"2010-11-09T04:27:48","date_gmt":"2010-11-09T09:27:48","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15163"},"modified":"2010-11-09T04:27:48","modified_gmt":"2010-11-09T09:27:48","slug":"real-forex-daily-market-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/09\/real-forex-daily-market-analysis\/","title":{"rendered":"Real Forex daily market analysis"},"content":{"rendered":"

USD\/CAD<\/p>\n

Daily graph: http:\/\/www.real-forex.com\/charts-daily\/November2010\/CAD_DAILY_091110.JPG<\/a><\/p>\n

\"usd\/cad<\/p>\n

For the last few weeks, the pair is navigating and doesn\u2019t have any specific trend. A vain breach occurred during the session of 08-11-2010 and today\u2019s session is likely to be closed above it in an uptrend situation. That vain breach disclosed an opportunity to go \u201cLong\u201d.<\/p>\n

For most of the \u201cLong\u201d market orders, the identification of an increasing configuration on one-hour graph should be a prior step.<\/p>\n

Potential trade<\/p>\n

One-hour graph: http:\/\/www.real-forex.com\/charts-daily\/November2010\/CAD_1H_091110.JPG<\/a><\/p>\n

\"usd\/cad<\/p>\n

Once the resistance of 1.0057 will be crossed upward, the required configuration should appear. There are several possible orders, and following is the one made by our analysts:<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u201cLimit\u201d order on \u201cLong\u201d position 10 pips above the mentioned hourly resistance, meaning: 1.0067.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u201cStop Loss\u201d on the last low appeared, which is: 1.0010.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1st<\/sup> degree for \u201cTake Profit\u201d on the following resistance: 1.0086<\/p>\n

CAD\/JPY<\/p>\n

Daily graph: http:\/\/www.real-forex.com\/charts-daily\/November2010\/CAD_JPY_DAILY_091110.JPG<\/a><\/p>\n

\"cad\/jpy<\/p>\n

Actually, the pair is on its way to the upper level of the navigation started a few sessions ago. The current resistance and support of the channel are 81.78 and 78.66.<\/p>\n

The pair reached in the last session the level of 81.4 and is very likely to reach the resistance today. 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\u00a0\u00a0 A vain breach of the resistance could result in a new downtrend, allowing the opportunity to go \u201cShort\u201d.<\/p>\n

–\u00a0\u00a0\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<\/a> team. \"logo\"<\/p>\n","protected":false},"excerpt":{"rendered":"

For the last few weeks, the pair is navigating and doesn\u2019t have any specific trend. A vain breach occurred during the session of 08-11-2010 and today\u2019s session is likely to be closed above it in an uptrend situation. That vain breach disclosed an opportunity to go \u201cLong\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-15163","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15163","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=15163"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15163\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}