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Forex Daily Signals

Daily Analysis on 18th July 2008

USD/JPY



Analysis



4H Chart



Based on 4H chart, this pair is in very strong bullish. But we have to wait it break 38.2 fibonaci line at 106.35. If it can break this line it'll go up to 108.50.



Daily Chart



Based on this chart, it'll go up to 109.41 as 61.8 fibonaci line.





Forecast



Day Trader : up after break 106.35

Swing Trader : Up after break 107.65



Recommendation



Day Trader : Wait

Swing Trader : Wait

Zemanta Pixie

Posted by Am(F)(o)(r)(e)(x) at 4:17 PM    

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Arquivo do blog

  • ▼ 2008 (25)
    • ▼ July (25)
      • Trade Setup For 1st August
      • Trade Setup for July 31st
      • Trading for 31 July
      • Trade Setup For 30th July
      • Trade Setup For 30th July
      • Trading for 29th July
      • Trade Setup for 29th July
      • Trading for 28th July
      • Trade Setup For July 28th
      • Daily Signals on 29th July 2008
      • My Trading Strategy
      • 1st Week Performance (21 July -25 July 2008)
      • Trade Setup For 25th July
      • Trade Setup For 24th July
      • Trading For 24th July
      • Daily Analysis on 23rd July 2008
      • Update Daily Analysis on 23rd July 2008
      • Trade Setup For 23rd July
      • Trading For 23rd July
      • Trade Setup For 22nd July
      • Trading Steup For 22nd July
      • Daily Analysis on 21st July 2008
      • Trading for 21st July
      • Daily Analysis on 18th July 2008
      • Trade Setup For 8th July