A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Happy Tuesday to All !
( A big “classic CVJ Post” for everyone… as I decided to cover the “main” Majors considering yesterday’s activity! )
We had quite a day yesterday with the rebounding “Reversal-of-Fortune” in the U.S. Equity Markets… as we digest the largest Rally of 2009!
With the Dow shooting north 379.44 points to 6926.49 at over a 4.5% Appreciation… we stabilize the early Sessions’ Risk-Appetite Climate as the Majors retrace after a clear day of Dollar weakness.
Let’s have a current look at the “Four Siblings” on an IntraDay Basis, so be sure to give the Captures a Click.
“CVJ!… You sure have been kind to us IntraDay folks lately… as we do not have to suffer through your Big Monthly and Weekly Views!” , the CVJ Fan Club Guys say with appreciation… I think… hee hee hee… ;-)
Post-Time is 2:35 GMT.
Some may view a “Straddle”-type Scenario here on the Euro… as a slice through 1.280 Resistance would be rather Bullish… and a fall through the 1.2520’s/00 Support will regain our Bearish Momentum “in concert” with the Macro-Downtrend…. for a fall to the 1.3600/1.3550 Areas.
The Swissy may continue to “couple and de-couple” on an IntraDay basis with the Euro… considering the heated Volatility we have had of late.
Cable is still deeply weak in the Macro-View, and Longer-Term Bullish Views are not favored in the immediate term. Bulls may look to Appreciation to the 1.3950’s Area… and Bears may look to the same to move “in concert” with the underlying Downtrend.
A significant Break on Dollar Yen through 97.90/98.00 Support would bring a Bearish “Risk-Averse” views back to a stronger Yen…. while cutting north through Major Resistance at the 99.60’s will take us to Parity considerations.
There we have it!
A significant amount of information here… but I thought a “classic” Post would be nice!
Of course… I will be back later for Updates, and we will check in with the Loonie again as well for Crude Oil Inventories.
Please remember… these are simply my personal views here…. so consider them as such.
We all know there are an infinite number of ways to effectively Trade…
but only ONE WAY to continue Trading… and that is Defining your Risk on EVERY Position before Execution!
