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CAD/JPY - Reaching 50% fan line !

  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Fan Lines.
  • Prepared with : JForex 4.
  • Current Level : 95.04
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EUR/NOK important mark under assault

If we look at EUR/NOK weekly chart in my opinion there are few key levels. First 10 mark which was broken very shortly back in end of 2008. When another level 9.15 which was attacked back in June – July, 2009 and 8.55 at which rate was at the end of 2009. After these key levels were set while rate descended throughout years and started to gain only at the beginning of year 2013. All these considerations could be seen in weekly chart below.
EUR/NOK challenged 8.55 mark firstly some months ago but…
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rokasltu avatar
rokasltu 17 Feb.

2 weeks till contest end - rate moves in line with prediction depicted in daily chart. After touching of 8.30 it is in slight recovery now. It is doubtful if such sharp swing will occur but I think in coming days rate will recover and later on it will retreat again.

Convallium avatar
Convallium 21 Feb.

I see you are a good trader.

rokasltu avatar
rokasltu 24 Feb.

1 week till contest end - as was stated in update recovery of EUR/NOK was weaker than anticipated earlier. But rate nearly touched predicted level of 8.4069 and retreated after that. Presently rate is around 8.33 and I think it will gain during this week.

Convallium avatar
Convallium 24 Feb.

Great articles

rokasltu avatar
rokasltu 28 Feb.

1 day till contest end - NOK strengthened more than I predicted - not very good prediction...

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