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  1. Pattern Analysis for AUDUSD: Bullish Morning Star Pattern Taking Shape On The Daily

    by , 11-27-2014 at 11:57 PM
    • Strategy: Short (From 0.8530), Stop: 0.8540 (Daily Close), Target: 0.8330
    • Bullish Morning Star Pattern Taking Shape On The Daily
    • Harami On The H4 Timeframe Offered A Recovery Hint

    AUD/USD’s small rebound has produced a Dragonfly Doji on the daily which is threatening to evolve into a bullish Morning Star formation. The close of the current candle above 0.8450 and an ensuing up-session would be required to confirm the pattern and open the prospect of further gains. Yet until received ...
  2. GBPUSD - Harami Awaits Confirmation Near Key Barrier, Lacking Reversal Signs In Intraday Trade

    by , 11-10-2014 at 04:26 PM
    GBP/USD is poking above the 1.5880 mark in the wake of a Harami pattern. A close above the barrier would help confirm the key reversal formation and open the prospect of a more sustained recovery. Selling interest would likely be renewed at the 1.6170 ceiling. A slide back below 1.5880 would see the risks skewed towards the Mid-September 2013 low near 1.5770.

    Harami Awaits Confirmation Near Key Barrier

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  3. USD/JPY - Dark Cloud Cover Receives Confirmation with Close Below 108.00 Floor May Open 107.00

    by , 10-09-2014 at 07:25 AM
    USD/JPY continues to keep traders in suspense near the 108.00 hurdle as a Dark Cloud Cover pattern warns of weakness. A close under the 108.00 floor may herald a deeper correction to the 107.00. However, some skepticism over a continued pullback may be warranted – given recent reversal signals have been met with some disdain by traders.

    Pullback Produces A Dark Cloud Cover Pattern

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  4. USDJPY Technical Analysis - Bearish Engulfing Pattern Finds Confirmation

    by , 10-04-2014 at 06:50 PM
    • USD/JPY Technical Strategy: Sidelines Preferred
    • Bearish Engulfing Pattern Finds Confirmation
    • Close Below 108.00 Floor May Open 107.00

    USD/JPY is at a critical juncture as the confirmation of a Bearish Engulfing formation warns of a deeper setback for the pair. A close under the 108.00 floor would be required to open the next leg lower to the 107.00 barrier.

    Bearish Engulfing Pattern Receives Confirmation
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