{"id":15710,"date":"2010-11-22T02:23:52","date_gmt":"2010-11-22T07:23:52","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15710"},"modified":"2010-11-22T02:23:52","modified_gmt":"2010-11-22T07:23:52","slug":"real-forex-daily-market-analysis-4","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/22\/real-forex-daily-market-analysis-4\/","title":{"rendered":"&#8220;Real-Forex&#8221; daily market analysis"},"content":{"rendered":"<p>EUR\/CAD<\/p>\n<p>Daily graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/November2010\/EUR_CAD_DAILY_221110.JPG\">http:\/\/www.real-forex.com\/charts-daily\/November2010\/EUR_CAD_DAILY_221110.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/22-11-2010\/EUR_CAD_DAILY_221110.jpg\" alt=\"EUR\/CAD daily\" width=\"314\" height=\"196\" \/><\/p>\n<p>About 3 weeks ago, an important decrease process started for the pair. About a week and a half, a very important breakdown of the support level of 1.3946 changed that support into a resistance.<\/p>\n<p>During the last few trading sessions, the decrease was partially corrected until it reached the resistance of 1.3946. A vain breach of that resistance occurred, suggesting the end of the technical correction and the beginning of a new bearish trend.<\/p>\n<p>In order to catch the created opportunity to go \u201cShort\u201d, an additional confirmation, which is the identification of a decreasing configuration on One-Hour graph, is required.<\/p>\n<p>Potential Trade<\/p>\n<p>1H based graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/November2010\/EUR_CAD_1H_221110.JPG\">http:\/\/www.real-forex.com\/charts-daily\/November2010\/EUR_CAD_1H_221110.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/22-11-2010\/EUR_CAD_1H_221110.jpg\" alt=\"EUR\/CAD 1H\" width=\"314\" height=\"196\" \/><\/p>\n<p>The required configuration should appear with the breakdown of the support 1.3900 (1H support).\u00a0 Following that breach, entry orders may be launched. Following is one option:<\/p>\n<p>&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u201cLimit\u201d order on \u201cShort\u201d position 10 pips below the mentioned support, meaning 1.3890.<\/p>\n<p>&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u201cStop loss\u201d order on the last peak appeared, which is 1.3938.<\/p>\n<p>&#8211;\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1<sup>st<\/sup> degree for \u201cTake Profit\u201d on the following support, 1.3942.<\/p>\n<p>AUD\/USD<\/p>\n<p>Daily graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/November2010\/AUD_DAILY_221110.JPG\">http:\/\/www.real-forex.com\/charts-daily\/November2010\/AUD_DAILY_221110.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/22-11-2010\/AUD_DAILY_221110.jpg\" alt=\"AUD\/USD daily\" width=\"314\" height=\"196\" \/><\/p>\n<p>After an important increasing process which last 2 months, the pair started to decrease back a few sessions ago. As part of the decrease, the pair clearly broke down the support of 0.9973 and currently, is making its way to the following support: 0.9661. When this support will be reached, three outcomes are possible:<\/p>\n<p>1)\u00a0\u00a0\u00a0\u00a0\u00a0 Test of the support: Indication of close reversal, potential for \u201cLong\u201d trades.<\/p>\n<p>2)\u00a0\u00a0\u00a0\u00a0\u00a0 Stop on the level: It could be better waiting for a \u201cParking\u201d of about a session and a half, and then entering a \u201cLong\u201d order.<\/p>\n<p>3)\u00a0\u00a0\u00a0\u00a0\u00a0 Clear and sharp breach of the support: It could be safer waiting for a small correction and, after the identification of a decreasing configuration on 1H graph, go \u201cShort\u201d along with the new trend.<\/p>\n<p>Have a profitable day!<\/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 <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>During the last few trading sessions, the decrease was partially corrected until it reached the resistance of 1.3946. A vain breach of that resistance occurred, suggesting the end of the technical correction and the beginning of a new bearish trend.<\/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-15710","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15710","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=15710"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15710\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}