Yet Another Case for Technical Chart Analysis

To all those who doubt the power of technical chart Analysis ....Here is your Answer. Technical Analysis is the study of Market reaction in relation to previous Market action. All we really need to analyse any tradable instrument in a free market environment is the Price Chart (a mechanism that discounts know and unknow market ticker). Because no matter how much relevance you attach to certain economic/political event, you will be wasting time if the market itself does not react.

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GOLD Is Set To Rally

OIL TRADE

Having now completed my expected pattern, I think the time is right to start scanning for a possible shift to the upside

Where is the EUR$ heading?

The EUR$ trend is just about being defined. It would be alot more easier to upload an update for EUR$ chart after NFP. But considering price proximity to the defining trend line, i thought it just might be okay to drop this update today. This is a typical trend line retest and should be an easy trade... wait for a confirmation of bullish momentum if trend line is taken to the upside, otherwise look to take a short signal on re-test. Happy Trading!

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