Follow the markets with Here you have my choice for today. Enjoy!
http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-10.html
The Advisor Weblog
Subscribe
Or subscribe via email:
Categories
Archives
Recent Comments
- sy on Gold bounces up
- Valeria Bednarik on Gbp/Usd long and short term
- A-SOLTANI on Gbp/Usd long and short term
- Valeria Bednarik on Yellen given dollar more support
- Valeria Bednarik on Eur/Usd fresh highs on sight
Next webinar
Asian Session: Live Market Analysis
by Dr.S.Sivaraman
November 23, 05:00 GMT
Register for the webinar
Tags
Add new tag Aud Aud/Usd boe Cad Chf daily trend Divisas Dolar dollar Dollar trend ecb Education Eur Eur/Chf Eur/Gbp Eur/Jpy Euro eurusd FOMC Forex gbp Gbp/Jpy gbpusd Gold Jpy Major Majors Majors sentiment Majors trend News Noticias Payroll personal stuff rates Stocks Swiss Franc Technical Education Trade Balance Trend Usd Usd/Cad Usd/Chf usdjpy YenFXstreet.com Weblogs
Links
This is my choice for today. Enjoy!
http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-10-29.html
Pair also reached a strong Fibonacci level, and rebounded from 132.80 lows, after failing to extend the downside movement under the 61.8% of the last daily rally. 4 hours indicators are way over sold, suggesting more upside to come before more clear definitions, if the pair manages to regain the 134.00 level. Above it, next resistances come at 134.50 and 135.10, while supports for next hours lie at 133.20 and mentioned 132.80 lows. An acceleration under that level, could trigger more selling in the pair, with 132.00 as next target zone to consider.
The EUR/JPY seems to be recovering the bullish bias in daily charts, after rebounding on the 61.8% of the Fibonacci rally 127.00/138.70, and starting the week above the weekly ascendant trend line we have been following in the Daily Wrap Up Webinar. Quoting around the daily 100 MA at 133.30, pair needs to move above 134.40, 38.2% of the mentioned rally, to confirm a longer term continuation. For today, consider resistances at 134.00, 134.40 and finally the zone around 135.00; supports will come at 133.00, 132.30 and finally the 131.70 zone.
The pair has been consolidating long enough around 5 years lows, and with Japanese Yen loosing strength longer term correction is close to begging: moving in an ascendant channel, and with indicators pointing for a continuation, with 120.00 level as first tough resistance, followed by the daily descendant trend line, today around 121.30 a break above it, plus the break of the ascendant channel roof (close to it), could trigger longer term upside movements, as long as the base (today around 114.55) holds the downside.