Hi traders! USDJPY - Daily TF and we see the bar close yesterday in blue. The bulls might look as if they are winning here but take note that the body is small and we have the bears coming in stronger near 100 psychological price level. I wouldn't go long here and neither would I
USD/JPY breakout on the monthly chart signals a possible retracement from 81.4 to 87.0 in a few months.
Good day traders! The chart below shows us that pair has succeeded in breaking through its down trend line on the monthly chart. It may signal further upside to the 87 region which happens to be the 23.6% Fibonacci retracement. If you are thinking of taking a longer term trade with a good profit loss
Good day traders! The chart below show the euro dollar trending up. The pair went lower early this week and has since went above its last high of around a.332. Above here the pair can be seen targeting the resistance level 1.345. I will be watching this pair closely as it goes higher and I would
Good day traders! We have the euro dollar today dropping from 1.34209 in early Australian trade to 1.3247 as of now 11.56 Singapore time and also during the US open. The drop is nearly 200 pips and are we going to see the resumption of the risk aversion this week or better market sentiments that
USD/JPY Trade Update on 24th September 2010 (6.22pm) Trade closed when the price jumped up to reach for the upper boundaries of my 21ema purple channel. From experience, I know that prices after having breached the R3 pivot level, will tend to fall back below that level. As such, I have decided to take
In your research on Technical Analysis, I am sure that you have chanced upon many indicators and you might ask yourself the question of: What do I do with these indicators and how do all of these fit in together? To help you in understanding technical analysis, I would like to share with you that
Good day Forex Traders. Lets look at the chart below. AUD/USD Technical Analysis I am looking at the AUD/USD. It has had a nice bullish trend since the 25th August. It has even broke the resistance at 0.9203. Right now, the move seems a little bit overextended and due for a correction. I