Last week the USD broke the 8200 level after testing it a few times.
This week I expect the USD to retest the 8200 level as a resistance before falling further.
For the FX majors, I expect
1) EUR/USD to retrace to 1.318 before attempting any longs to follow the trend
2) GBP/USD to retrace to 1.53 before attempting any longs to follow the trend
3) AUD/USD remains range bound between 0.900 to 0.935. Will have to be careful if the range is broken.
4) USD/JPY to fall further to between 97.0 - 97.5 level.
5) USD/CHF remains supported by the Fib786 at around 0.925.
Volatile week ahead with US Q2 GDP and NFP data coming.
Good luck and be safe.
Showing posts with label Usd/Jpy. Show all posts
Showing posts with label Usd/Jpy. Show all posts
Monday, 29 July 2013
Sunday, 21 July 2013
Notes for FX Majors for Week 220713 - 260713
- Could be potentially have a short-term upside for both EU and GU to test 1.32 and 1.53 respectively before falling.
- As for AU, it is most likely to be falling to retest the support of around 0.9 level. It remains range bound and resisted by the falling channel.
- USD/JPY, it seems like more upside is coming. However, how the election results will affect the Japanese Yen is still a mystery.
- For the Dollar against the Swiss Franc, it definitely looks like it will be heading down in the short-term to test the level of around 0.935. On the mid-term, Usd/chf looks like it will move up higher.
** The US Dollar Index do looks like it will move lower to test the 82.00 level. So the views above for EU, GU and UC are pretty much in line.
- As for AU, it is most likely to be falling to retest the support of around 0.9 level. It remains range bound and resisted by the falling channel.
- USD/JPY, it seems like more upside is coming. However, how the election results will affect the Japanese Yen is still a mystery.
- For the Dollar against the Swiss Franc, it definitely looks like it will be heading down in the short-term to test the level of around 0.935. On the mid-term, Usd/chf looks like it will move up higher.
** The US Dollar Index do looks like it will move lower to test the 82.00 level. So the views above for EU, GU and UC are pretty much in line.
Wednesday, 24 October 2012
Possible resistance levels for some recovery before seeing a further downside. (24/10/12)
1) DJ30 - 13230-13270
2) EU - 1.3015 - 1.3030
3) GU - 1.5990 - 1.6005
4) UJ - 79.90 - 80.05
2) EU - 1.3015 - 1.3030
3) GU - 1.5990 - 1.6005
4) UJ - 79.90 - 80.05
Wednesday, 11 July 2012
Some review
Made some good calls on DJ30 recently. :)
Those who are following me on Skype definitely know about it.
I also did posted it on my blog sidetabs. So remember to check my blog often.
Bad call was the USD/JPY.
I called for long at 930am today but I cancel the long call to exit longs at 1pm.
Well, it did fall after I posted but wasn't a big fall.
And when I wasn't paying any attention to it, USD/JPY shot up big time.
Nice call on GBP/USD at 530pm to watch for signal to short. and signal came at 8pm hourly candle. :)
Those who are following me on Skype definitely know about it.
I also did posted it on my blog sidetabs. So remember to check my blog often.
Bad call was the USD/JPY.
I called for long at 930am today but I cancel the long call to exit longs at 1pm.
Well, it did fall after I posted but wasn't a big fall.
And when I wasn't paying any attention to it, USD/JPY shot up big time.
Nice call on GBP/USD at 530pm to watch for signal to short. and signal came at 8pm hourly candle. :)
Wednesday, 20 June 2012
USD/JPY. What nice breakout!!
That very hour it broke out with solid candle.
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