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Important Charts To Review

|Includes:CurrencyShares Euro Trust ETF (FXE)

By Jeff Pierce

There is a major negative divergence between the percentage of stocks above their 200 moving average and what the Nasdaq is actually doing.

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Looks to be forming the right shoulder and this pattern remains intact.

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Has recently be rejected at resistance but will likely challenge it again.

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Has a very bearish pattern forming. The rally in Canadian stocks appears unsustainable.

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Stocks: FXE