Forex Trading Today
  • Home
  • Join our trading community
  • Back to FXstreet.com

Forex Trading Today

A Blog of Commentary and Ideas from an FXstreet Premium Member by Tim Salem (CVJ)

Subscribe

Subscribe Subscribe Subscribe using Netvibes
Or subscribe via email:

Categories

  • Commentary
  • FXstreet Premium Thoughts
  • Live Webinars
  • Market Analysis
  • Trading Ideas
  • Uncategorized

Archives

Recent Comments

  • Ramon Huss on A Fond Farewell Everyone!
  • ed ponsi on A Fond Farewell Everyone!
  • Goncalo moreira on A Fond Farewell Everyone!
  • Raghee Horner on A Fond Farewell Everyone!
  • Tim Salem (CVJ) on Ranges of Accumulation Seen Moving Forward

Tags

accumulation appreciation AUD/JPY AUD/USD Cable channel consolidation continuation correction correlation crude crude oil currency Data dollar Dow England equity EUR/JPY EUR/USD euro Europe exchange Fibonacci formation GBP/JPY GBP/USD gold interest rate Japan oil pattern pound Price range resistance retracement Risk Aversion S&P 500 sentiment support USD/CAD USD/CHF USD/JPY Yen

FXstreet.com Weblogs

  • CEO's Weblog
  • Wayne McDonell
  • Dr. S. Sivaraman
  • Valeria Bednarik
  • James Chen
  • Ross Yamashita
  • Raghee Horner
  • Ron Schelling
  • César B. Leiceaga
  • Ian Coleman
  • Greg Michalowski
  • Mike Baghdady
  • Dale J. Pinkert
  • Trader of the Year

Links

Asian Sectors Fall as Dollar and Yen Gain Strength

Posted on June 15, 2009 at 2:09 in Commentary, Market Analysis by Tim Salem

Greetings again, Everyone!

Our earlier Thoughts on our last Post come to fruition as The Asian Bourses come off while The Dollar and Yen continue their Macro-Corrections… even though most Units are still considered to be in rather large Range-Bound Areas.

The GBP/JPY continues Its Correction, as the Hourly reveals Key Levels to Clip for Bullish Builds to enter back into the overall Trending Environment.

As The Yen gains Correctional Strength, Contact with the Ellipsed Area at the 158.40’s Dynamic Support, along with the Key Level of the Weekly 50% Fib Variant of the October Downleg, will be a Crucial Area for Bulls to be Mindful of for Attractive Rates.

Here is the Hourly Capture so give it a Click, and Post-Time is 7:10 GMT.

 

 

 

 

 

Please have a look at the just-published “Currency Majors Technical Perspective” Report  for some Immediate-Term Detail on The Majors, as we monitor how Deep these Corrections continue to progress.

As always, I will have plenty of Updates as we move along, so please join me throughout The Day!

:-)

 

 

 

Tags: Bears, Bourse, Bulls, correction, cross, dollar, exchange, GBP/JPY, sentiment, Yen

Comments are closed.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

© 2010 "FXstreet.com. The Forex Market" All Rights Reserved.