Monday 26 August 2013

FACTSFOREX DAILY ANALYSIS FOR 26/08/13

EUR/USD stalled today and formed an inside bar , and ended the day at the key resistance zone around 1.3416.The formation of this inside bar gives a clue of a fakey in days to come.Our directional bias still remained bearish as long as we are getting a close below the key resistance zone of 1.3416.





GBP/USD  also formed and inside bar/pin today.We anticipate a fakey in the direction of our bearish bias in the near term





NZD/USD moved up today from the pinbar formed at key support zone on friday.The ranging momentum of this pair is intact as we look forward to a bullish setup to continues the rally.




USD/CAD formed insidebar/pin  today from the existing counter trend pinbar formed on friday.We are looking forward for a fakey to support our counter trend bias.


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