6 Responses to “Forex Levels to Watch (Week of Mar 30 - Apr 3, 2009)”

1. on 29 Mar 2009 at 11:14 pm1Mido

   i agree with u about Resistance 1.3735
   but i think Support is 1.2959
   ofacr is speak about euro dollar

2. on 30 Mar 2009 at 4:11 am2diah

   I think the resistance and support are too far, may you give the nearest level, Thanks.

3. on 30 Mar 2009 at 5:57 am3Yohay

   I think that the British Pound will test the downside soon. Or at least wish so

4. on 30 Mar 2009 at 1:29 pm4James Chen

   Hi Mido,

   Thanks for your comments! The price region around 1.3 represents strong support/resistance (as well as a strong psychological round number). I chose to use 1.3 as the price region, rather than an exact level. Support/resistance, in my experience, is never exactly precise, but when you have a strong price region/zone, it can be remarkably accurate. I see several price levels around 1.3 that are valid, but I don’t see the 1.2959 that you are referring to. Please provide your rationale for that exact level. Thanks, Mido!

   James Chen

5. on 30 Mar 2009 at 1:33 pm5James Chen

   Hi Diah,

   Thanks for your comment! The S/R levels that I posted are weekly levels. Price often tends to move a great deal on a weekly basis. In my daily analysis, I give S/R levels that are much closer because I am doing it on a daily basis. But for the Weekly levels, they are far apart, and more often than not they are hit during the course of the week. Thanks for visiting, Diah!

   James Chen

6. on 30 Mar 2009 at 1:35 pm6James Chen

   Hi Yohay,

   Thanks for your comment, as always. Yes, I would tend to agree with you on that!

   James Chen

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