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MDT's Daily Forex Analysis and FX-Market Algorithm
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[QUOTE="mdtforex, post: 363, member: 307"] [b]January 27 Forex Forecast[/b] EUR/USD The move above yesterdays Upper Boundary of 1.3012 has confirmed the short term reversal of mode from Sell to Buy. We will remain bullish above 1.3084, targeting 1.3196, and 1.3308. The pair can run into strong resistance in the 1.3308 to 1.3328 area, so a sell off could happen at that level. Look to sell weakness at the 1.3308-1.3328 level, targeting 1.3196, 1.3084, and 1.3023. A move above 1.3328 confirms the Buy mode, possibly extending gains to 1.3429, and 1.3653. USD/CAD We will remain bearish below 1.2306, and the trend will be confirmed on a move below 1.2182. Target 1.2114, 1.2003, and 1.1955 on continued weakness. The short term trend Sell mode could shift to Buy on a move above 1.2306. Target 1.2361, 1.2454, and 1.2497 on a move above 1.2306. [URL="http://fx-matrix.maddogtrading.com"][CENTER][B][SIZE="5"]TRY IT NOW - FREE!!! [/SIZE][/B][/CENTER][/URL] [URL="http://fx-matrix.maddogtrading.com"][CENTER] [IMG] http://i602.photobucket.com/albums/tt108/mdtforex/Jan27.jpg [/IMG] [/CENTER][/URL] [URL="http://fx-matrix.maddogtrading.com"][CENTER][B][SIZE="5"]CLICK HERE TO LEARN MORE[/SIZE][/B][/CENTER][/URL] [CENTER]DISCLAIMER Trading forex is not suitable for every individual. There is substantial risk of loss in trading forex. Every individual should carefully consider their investment objectives and determine if the risk is suitable for their current financial condition before investing. Due to the high risk of substantial loss, only capital that an individual can afford to lose without changing the quality of their lifestyle should be used. The signal alerts generated by MadDog Trading LLC are based on a computerized algorithm. Past performance is not indicative of future results. All signal alerts generated by MadDog Trading LLC are provided for informational and educational purposes only. Any trades placed upon reliance on MadDog Trading LLC systems are taken at your own risk for your own account. MadDog Trading LLC is not responsible for the trading results of third party money managers who claim to use FX-K10 to generate trade signals. MadDog Trading LLC does not endorse or promote third party money managers who claim to generate trade signals from FX-K10.[/CENTER] [/QUOTE]
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