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Dynamic Trader Blog - Forex Chart Pattern Signals

Friday, January 18, 2008

Consumer Sentiment

We have sentiment out today which could move markets depending on results. The expectation is 74.8 and previous was 75.5.

EURUSD has found support at 1.4600 but we need a b&c of that for further weakness.

AUDNZD is in the buy zone and up 50 pips before we cashed out.

EURJPY daily (chart below) has nearly reached the leg 2 target so those that are short should look to manage the trade.


Chart courtesy of Advanced GET. Data provided by eSignal.

Have a good weekend

Forex Analysts
Anne Chapman & Javid Shaik