Forex-Analysis.net: Weekly Forex Analysis

ChartSecret

Master Trader
Jun 26, 2009
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eurusd-weekly-forex-analysis-24-10-09.jpg

A wedge pattern appeared at the EUR\USD and is expected to bring to a reversal downwards. The 1.4800 level serves as a strong support level and will push prices higher if price reaches it.

usdchf-weekly-forex-analysis-24-10-09.jpg

USD\CHF is in a bearish formation - the USD\CHF. However, there is a possibility of a breakout upwards - possibility that is confirmed by the downward movement in the EUR\USD. If price breaks the 1.000 support, wait for pullback to enter short.

Full Analysis (USD\CAD and AUD\USD):
http://forex-analysis.net/2009/10/25/october-24th-weekly-forex-analysis/