November 23, 2008
New forex video market forecast
Welcome Everyone,
Back on October 25, I sent out a video which outlined where I thought 6 of the currency pairs were heading next. To review the video you can watch it here. http://www.win-at-trading.com/forecast10-25.html You can go back over your charts to see how well things played out so far.
Also keep in mind that on August 3rd I notified all my subscribers that the overall trend for the GBP/USD had switched from an uptrend to a downtrend and on August 17th I said the same thing about the EUR/USD. If you go back and look at the date, the GBP/USD was trading around 1.9752 and as of the close this past Friday it closed at 1.4925.
If you go back and look at the date, the EUR/USD was trading around 1.4689 and as of the close this past Friday it closed at 1.2587. You do the math and you will see these were some massive moves. Of course, when I issued the down trend analysis for these 2 markets there was no way to know how long and far the sell off would be.
What's interesting was that at the time I made the call that these markets were heading down, every publication that I am aware of was still saying the trend was up and that the dollar was doomed. I also received a lot of emails telling me how wrong my analysis was.
One thing I want to point is that anything I bring up here is not an invitation to just jump into a trade blindly but… It is designed to give you another view on the market so that you can better position yourself to enter and exit trades.
To WATCH MY LATEST FOREX MARKET ANALYSIS VIDEO please click here: http://win-at-trading.com/fxanalysis1023.html
VERY IMPORTANT: If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it. This will also explain what the abbreviations I use mean. To get all the details click the link just below:
http://www.askjeffwilde.com/97/how-to-use-the-forex-market-forecast-service/
Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE:
Ok, lets get to it…
GBP/USD
TPD3 1.6826
TPD2 1.6390
TPD1 1.5300
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TPU1 1.4010
TPU2 1.3550
TPU3 1.3000
LT = Down
IT = Down
ST = Down
EURO/USD
TPD3 1.4471
TPD2 1.3643
TPD1 1.3137
============
TPU1 1.2074
TPU2 1.1667
TPU3 1.1406
LT = Down
IT = Down
This issue sponsored by:
The Black Dog System is slaying the markets:
75 TRADES IN JUNE - 55 WINNERS and 3 BREAK-EVEN
58 TRADES IN JULY - 42 WINNERS and 1 BREAK-EVEN
38 TRADES IN SEPTEMBER - 25 WINNERS and 3 BREAK-EVEN
44 TRADES IN OCTOBER - 29 WINNERS and 5 BREAK-EVEN
TPD3 108.00
TPD2 103.00
TPD1 99.50
============
TPU1 90.89
TPU2 85.00
TPU3 80.00
LT = Down
IT = Down
USD/CHF
TPD1 1.3000
TPD2 1.2757
TPD3 1.2500
============
TPU1 1.2000
TPU2 1.1742
TPU3 1.1358
LT = Up
IT = Up
Until next week…
Peace & Prosperity
Jeff Wilde
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Disclaimer: This web site, it's content and it's product offered is not intended to provide investment, tax, or legal advice. This web site and its information is provided for guidance and information purposes only.
Filed under Blog, Forex Newsletter by Jeffrey Wilde
