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Dollar Breaking Down - Technical Analysis Update

Posted on December 12, 2008 at 4:34 in Technical Analysis by Jerry Furst
By Jerry Furst- Sr Analyst “1st on Forex”
at Investors Education Network.com

Chart Pattern Review - 48 Hours Later 

Two days ago I posted several charts showing some nice chart patterns - indicating to me a 
consolidation was ready to breakout and I labeled the post “Pause Before the Storm” 
Let’s look at the charts side by side now.
 USD-CAD 4 Hour Chart — 300 Pip Triangle Break Out (click to Enlarge)
    
 EUR-USD 30 Min Chart — Over 400 Pip Trend Channel Break (click to Enlarge)
  
USD-CHF 2 Hour Chart - Triangle Break - 200 Pips (click to Enlarge)
 

The above charts are great examples of waiting for High Probability setups on multiple pairs

all setting up at the same time.

 

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Tags: Canadian, Chart Pattern, currency, dollar, euro, Forex, FX, Loonie, swiss, Technical Analysis, trading

3 Responses to “Dollar Breaking Down - Technical Analysis Update”

  1. on 12 Dec 2008 at 11:32 am1hanna bouri

    kindly advise what’s the story with GBP AS WELL AS EUR GBP.

    SHALL WE SEE THE GBP UP AGAIN. I.E 1.60

    PLEASE ADVISE.

  2. on 12 Dec 2008 at 1:21 pm2Roman

    The major battle at the USD-JPY field today…
    It is getting more and more interesting each day… should we see new LOWs and TOPs in the next few days?

  3. on 13 Dec 2008 at 7:24 pm3Mike Flynn

    Insane work Jerry! Thanks.

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