Philip Chua Business Blog

Posts Tagged ‘Nov’

The pair looks to build on its last week weakness after backing off higher prices ahead of the 1.4625 level, its Nov 03’09 low and breaking back below the 1.4446/79 levels. This development has increased further downside risk towards its psycho level at 1.4300 with a turn below there turning…

As the pair continues to extend its declines initiated from the 1.6875 level, its Nov 16’09 low following its break below its psycho level at 1.6000, threats of further downside is expected towards the 1.5706 level, its Oct 13’09 low. A breach will see a 100% price retracement (from 1.5706-…

The pair continues to face downside pressure selling off sharply lower to close the week at 1.6260, slightly below its Nov 27’09 low at 1.6267. Although our nearer term bias remains lower, we would like to see GBP break and hold below its longer term declining trendline to convince the…

With continued upside failure the past week seeing the cross trading and closing lower for a second consecutive week on Friday, risk has turned to the 0.8970 level, its Nov 25’09 low with a loss of there turning attention to its Nov 17’09 low at 0.8832. The latter level is…

Even though EUR put in a negative performance the past week following its failure at the 1.5014 level, its Nov 16’09 high and its subsequent weakness, as long as its current setback maintains above the 1.4782 level, its MT rising trendline and its Nov 03’09 low at 1.4625, we look…

With a close over 10,220 on Nov. 9, the Dow Jones had its best showing of 2009.







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