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    • ForexMGames replied Dec 10, 2013

      The highest price established for NZDJPY in 2013 is set at 86.40-50. There would be in high likelihood another re-test of this significant price resistance. The first attempt to challenge this high should hold. SHORT NZDJPY 86.40-50 SL 40-50pips TP ...

      NZD/USD
    • ForexMGames replied Dec 2, 2013

      If you prefer to ride the bull train, it is not wise to chase the train after it leaves the station. Waiting for pullbacks are a much safer way to board the train. There have been 5 multiple attempts in the past to breach 1.6260-1.6300. The ...

      Cable Update (GBPUSD)
    • ForexMGames replied Nov 27, 2013

      From this weekly chart, one shall witness the ardent power of support and resistance levels. The fundamental basic structure of support and resistance is memory levels. It is the ability of humans to remember events from many years ago. Let me ...

      USD/CAD
    • ForexMGames replied Nov 25, 2013

      For this AUDUSD, it could be potentially forming a bearish bat pattern. The price action right now is inconclusive as to whether the bearish bat pattern may form or not. Therefore, I am taking of the opinion that it could form. The key here is to ...

      AUD/USD
    • ForexMGames replied Nov 25, 2013

      Bat harmonic patterns are generally reliable, with a success rate of about 60-70%. With one forming on the EURUSD on the 4hr chart, look to short at the 88.6% FIB retracement. SHORT EURUSD 1.3760-70 SL above 1.3800 TP 100pips image

      EURUSD
    • ForexMGames replied Nov 21, 2013

      Technical analysis trading comes in many different varieties and favours. There are trend lines, elliott waves, breakouts, pattern formations and so forth. Today i introduce another concept in technical trading. It is called trading in the box. ...

      NZD/USD
    • ForexMGames replied Aug 20, 2013

      image There is nothing new under the sun. The sun rises from the east and sets in the west. Everyday, yesterday and tomorrow. The sun has been rising and setting long before we are born, and it shall continue to do so long after we are gone. There ...

      Cable Update (GBPUSD)
    • ForexMGames replied Aug 5, 2013

      TRADING AUD CASH RATE 130806 TUES 0430GMT According to the OIS, an interest rate swap, the market is pricing in a 90% chance of rate cut of 0.25% by the RBA. If RBA cuts the interest rate to 2.5%, it will be a historic low. Remember that during the ...

      AUD/USD
    • ForexMGames replied Aug 5, 2013

      From the 4hr chart, I see a potential bearish gartley harmonic pattern forming. This is not a really perfect gartley pattern, as the 61.8% is exceeded. If you are particular about preciseness, then probably this trade may not be suitable for you. ...

      Cable Update (GBPUSD)