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Key currencies (Forex) & Gold Daily Forecast - 21 Oct, 2011
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Worldwide Marketing Service
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Oct 20, 2011, 7:03:57 PM
10/20/11
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FREE FOREX MEMBERSHIP CLUB PROVIDES FREE FOREX SIGNALING BY EMAIL!!!
EUR/USD, GBP/USD ONLY (H4 TREND - LIVE AND REAL-TIME NOTIFICATION)
PLEASE CHECK IT OUT AT
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free-forex-membership-club
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(Free Forex Membership Service)
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(Worldwide Marketing Service)
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(100% Free Web Hosting / Free domain / Free web builder - FOR LIFE)
LIVE GBP-USD TRADING ACCOUNT
SINCE 7 SEPTEMBER, 2011
>
http://www.myfxbook.com/members/kecjung/gbp-usd/166768
SEE HOW MUCH IT'S GROWING EVERYDAY!!!!
IF YOU WOULD LIKE TO HAVE THIS FOREX TRADING SYSTEM
FOR FREE
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BELOW INFORMATION IS ONLY FOR GOOGLE GROUPS MEMBERS' SHARING ONLY!!
DAILY FOREX & GOLD FORECAST FROM GO MARKETS DAILY (QUOTES) FOR
21 OCT, 2011
EUR/USD
GBP/USD
USD/JPY
EUR/JPY
GOLD
EUR/USD intraday: continuation of the rebound.
Pivot: 1.365
Our preference
: Long positions above 1.365 with targets @ 1.3835 & 1.3885 in extension.
Alternative scenario
: Below 1.365 look for further downside with 1.358 & 1.3525 as targets.
Comment
: the RSI has just landed on a support around 30% and is reversing up.
GBP/USD intraday: bounce.
Pivot: 1.5730
Our preference
: Long positions above 1.5730 with targets @ 1.5850 & 1.59 in extension.
Alternative scenario
: Below 1.5730 look for further downside with 1.5680 & 1.5630 as targets.
Comment
: the RSI is bullish and calls for further upside.
USD/JPY intraday: rebound.
Pivot: 76.8
Our preference
: Long positions above 76.8 with targets @ 77.1 & 77.2 in extension.
Alternative scenario
: Below 76.8 look for further downside with 76.6 & 76.4 as targets.
Comment
: the RSI broke above a declining trend line.
EUR/JPY intraday: bullish bias above 104.9.
Pivot: 104.9
Our preference
: Long positions above 104.9 with targets @ 106.6 & 107.05 in extension.
Alternative scenario
: Below 104.9 look for further downside with 104.2 & 103.75 as targets.
Comment
: the RSI has just landed on its neutrality area at 50% and is turning up.
GOLD (Spot) intraday: rebound expected.
Pivot: 1605.00
Our Preference
: LONG positions above 1605 with 1635 & 1642.5 in sight.
Alternative scenario
: The downside penetration of 1605 will call for a slide towards 1595 & 1583.
Comment
: the RSI has just broken above a declining trend line.
FX MEMBERSHIP CLUB TRADING STRATEGY RECOMMENDATION FOR 21 OCT, 2011
1. EUR/USD
LONG POSITION ABOVE 1.3720 or 1.3660 > TAKE PROFIT 1.3810
SHORT POSITION BELOW 1.3843 > TAKE PROFIT 1.3720 or 1.3677
2. GBP/USD
LONG POSITION ABOVE 1.5739 or 1.5698 > TAKE PROFIT 1.5820
SHORT POSITION BELOW 1.5847 > TAKE PROFIT 1.5739 or 1.5698
Worldwide Marketing Service
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Oct 20, 2011, 7:21:45 PM
10/20/11
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