Forex Technical Analysis And Tips: Mar 13, 2009

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Longterm : The Dow made a bulish candle pattern that may mean that it will go up to the next Fibonacci level within next few months . Wait for indicator confirmation first though .

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GBP - JPY Daily Chart - 13 March 2009

Dow Jones Monthly Analysis - 14 February 2009