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Showing posts with label bearish. Show all posts
Showing posts with label bearish. Show all posts
Wednesday, April 15, 2009
Dow Jones 15/04/2009
DJ has broken the up trend line. Need to be careful if it fails to close above the trend line. We also have a rising broadening formation which suggests caution on the long side.
Wednesday, February 4, 2009
USD/JPY 04/02/2009
USD/JPY
UJ has remained bearish as expected. We might see it head towards the blue support line (downtrend). For now I am holding my shorts.
Also as updated in the previous posts, if UJ breaks the red resistance line, it may turn bullish. But the scenario is unlikely for now.
UJ has remained bearish as expected. We might see it head towards the blue support line (downtrend). For now I am holding my shorts.
Also as updated in the previous posts, if UJ breaks the red resistance line, it may turn bullish. But the scenario is unlikely for now.
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