By Adam Hewison - There is an indicator which has been around since 1957. It has accurately forecasted every inflationary and deflationary cycle...
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My favorite indicator of inflation and it’s not gold!
June 10 2009, 6:30pm | Comments »
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Forex Chart Patterns — EUR/CAD, CHF/JPY and Gold
This is my second post with some interesting chart patterns that were spotted during the past week and that can still be played out by the traders. EUR/CAD, CHF/JPY and Gold charts are presented. To me, those patters look extremely profitable and constitute great positions. I hope that you are familiar with the pattern trading and can figure out how to use them. Anyway, trade at your own risk. As always, you click the images to get a full chart picture with the complete pattern visible. 1. EUR/CAD, Daily, Falling Wedge:
2. CHF/JPY, Daily, Ascending Triangle:
3. Gold (XAU/USD), Weekly, Rising Wedge:
(...)Read the rest of Forex Chart Patterns — EUR/CAD, CHF/JPY and Gold (14 words) Posted on Forex blog.
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June 7 2009, 3:03pm | Comments »
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Watch 952.85 level closely
Why is this level so important? 952.85 is 61.8% fibonacci retracement of the move from the 961.25 highs to 939.24. If it fails to break this level gold will collapse in the short term and test 935 and possibly lower. A close above the fib resistance will lead to a retest of the highs and if it breaks there a test of 967 area will followw soon. A sustained move about 967 will bring in focus all time highs above 1000.
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- Gold
May 26 2009, 8:39pm | Comments »
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