Wednesday, September 26, 2007

sep 26 mo u t eki

In daily chart, cable hasn't broken the uptrend line (yellow diagonal lines). Plus from the fo rexfa ctory source, cable forms the triangle chart pattern (or buyers and sellers fight each other). If you want to be really safe, just wait until cable breaks either red/blue line (resistance) or magenta line (support).

In 4 hr chart, if cable breaks the resistances (red line and 2.0208 blue line), the target may be 2.0314. If cable breaks the support (yellow line and 2.0091 blue line, the 1st target may be 1.9988, the 2nd target 1.9910

In hourly chart, the resistances (two diagonal red lines 2.0182 - 2.0186), the next resistances three horizontal red lines 2.0197, 2.0208, 2.0227. The support (two diagonal yellow lines 2.0122 - 2.0111), the next support three horizonal yellow lines 2.0083, 2.0073, 2.0061.

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