Trading Time Frames
USDJPY (Daily): The chart below demonstrates the volatility of this pair. It essentially is moving sideways with a large distance between chart highs and lows. Friday’s price actions saw this pair open at the 200 day MA...
Tag: USDJPY
Weekly Technical Analysis for Major Currencies 31/5/2010
EURUSD The support levels for the main descending channel has shown a strong stance in front of the third attempt to breach it last week, where the pair moved to the upside due to positive signs appearing...
USDJPY Analysis – May 29, 2010
USDJPY traded in a range between 88.14 and 94.98 for several months. Another rise towards 94.98 would more likely be seen in a couple of weeks, a break above this level will indicate that the uptrend from...
Major Currencies’ Midday Report 28/5/2010
EURUSD The pair rushed to retest the previously breached support level shown above in red. Momentum indicators are still showing negative signs as the pair reaches the resistance for the minor ascending channel and therefore a minor...
USD/JPY 91.12 – 28 May 2010
USD/JPY Open 90.89 High 91.41 Low 89.92 Close 91.05Dollar/Yen started a recovering process this week, with stronger upward impulse on Thursday, in converse the Interbank sentiment at around -33%. The currency couple appreciated from 89.92 to 91.08...
Major Currencies’ Morning Report 28/5/2010
EURUSD The pair almost managed to achieve the key awaited target from yesterday at 1.2420, but support levels have halted this ascend – 38.2% Fibonacci and the minor ascending channel in addition to the MA 50 accompanied...
Major Currencies’ Midday Report 27/5/2010
EURUSD The pair managed to breach the morning pivotal resistance at 1.2290. Stochastic is showing positive signs that support the suggested scenario, therefore our expectations remain valid as far as 1.2150 remains intact.
USD/JPY 90.25 – 27 May 2010
USD/JPY Open 89.96 High 90.64 Low 89.82 Close 89.90Dollar/Yen traded neutrally on Wednesday, in converse the Interbank sentiment at around -33%, than recorded recovery. The currency couple slightly depreciated from 90.64 to 89.82 yesterday, closing the day...
Major Currencies’ Morning Report 27/5/2010
EURUSD The pair succeeded in achieving the suggested scenario yesterday flawlessly, but main support had descended to 1.2150 maintaining a strong stance in front of achieving more downside movement. Currently accompanying it would be positive signs appearing on Stochastic that...
Major Currencies’ Midday Report
EURUSD The pair attempted to breach the awaited support level at 1.2290, where it continues to fluctuate around it. Stochastic provided a negative crossover and accordingly our morning expectations remain intact unless the pair stabilizes above 1.2390...