EURUSD Failed to maintain above 1.28

EURUSD losses 1.28  ground, as there is no fixed decision on Greece.

According to the market rhythm method on the EURUSD daily chart, the price already reached the typical pullback area at around EMA 21 = $1.2820. 

The EMA 21, together with SMA 200 will act as the resistance now. A break lower than SMA 89 and continues selling action will confirm the bearish rhythm.

MACD shows a Trend Continuation pattern, yet to be confirmed.

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Gold Weekly Chart Update: October 7 2012

This is the update on the XAUUSD weekly chart. At last, the colored MACD signal turns into red, and the MACD formed a nice round top formation.

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The Imminent Warning: For Those Who Long Gold

Click to see: The Weekly Chart of Gold, September 2012

Gold has shown modest gains last week. With the austerity measures going on Spain and the QE3 on progress, we are now wondering where gold might go at least until the end of 2012.

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The Four Best Moving Averages: Part 1 - Let's Dance with the Market

Source: Behaviorgap.com

"When comes to technical analysis, trading or walking through your life as a whole. Simpler is always better. Don't you agree?"

However, we as human already trained that the solution to an important problem has to be complex. Logically we know that complexity isn't a guarantee, but it seems to make people happy.

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Gold Price Forecast 2012

Gold Chart September 2012

"We think we know where it is going. Right?"

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An Hour Video About Why 95% Trader Failed by Wise FX

It is not by implemented the wrong strategy or indicators. You may have the best strategy and $2000 worth indicator or EA, but still ended up losing money. So why, do we failed?

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