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Wednesday, October 14, 2009

Above is a standard Impulse wave

Ichimoku remains bullish with support at 1080 from the Tenkan-sen and Kijun-sen which are both indicating strong momentum.

Below is an Ending Diagonal
This last chart is probably a stretch. It's not shaped like a diagonal and the wave counts better as a standard impulse wave. but if we bounce off the bottom trend line it would serve as a possible count.

Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

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