What is the direction of highest probability today? (20/11/09)
November 20, 2009 by FX Instructor · Leave a Comment
Direction of Highest Probability: BEARISH 60 minute trend resistance: 1.4975 Bullish Probability above: 1.4975 Significant resistance: 1.4975, 1.5035 Significant support:1.4800
EURUSD Forecast: Bearish correction remains intact, technical levels to be wathced
November 19, 2009 by FX Instructor · Leave a Comment
The EURUSD attempted to push lower yesterday, bottomed at 1.4842 but bearish pressure was limited as the pair closed higher at 1.4915. The bias is neutral in nearest term. My technical focus remains at the bearish channel, which is still valid indicating bearish correction remains intact with the upper line of the bearish channel as [...]
Daily Forecast for Crosses: November 20
November 19, 2009 by FX Instructor · Leave a Comment
EURJPY Forecast
The EURJPY failed to consistently move above the trendline resistance (blue) yesterday, produced a false breakout and triggered significant bearish momentum and now traded below the trendline support (red, now resistance). The bias is bearish in nearest term targeting 131.56 area. Immediate resistance at 133.20 and trendline resistance (red) area. Break above that area [...]
GBPUSD Daily Forecast: November 20
November 19, 2009 by FX Instructor · Leave a Comment
GBPUSD Forecast:
The GBPUSD continued its bearish momentum yesterday. On h4 chart below we can see that the pair had a nice bearish momentum after break below the bullish channel and 1.6692 area. The bias is neutral in nearest term. CCI in oversold area and about to cross the -100 line up on h4 chart so [...]
USDJPY Daily Forecast: November 20
November 19, 2009 by FX Instructor · Leave a Comment
USDJPY Forecast:
The USDJPY attempted to push lower yesterday, slipped below 88.80 support area, bottomed at 88.63 but further bearish pressure was rejected as the pair closed higher at 88.93. On h4 chart below we can see that the pair has been trapped in 89.40 – 88.80/60 area this week indicating consolidation, moving no more [...]
USDCHF Daily Forecast: November 20
November 19, 2009 by FX Instructor · Leave a Comment
USDCHF Forecast
After breakout above 1.0120 resistance area, the pair push higher, topped at 1.0194 but but further bullish correction was rejected as price closed lower at 1.0134. The fact that price still able to stay above 1.0120 for me indicate that the bullish correction scenario should remains intact even we have not see a real [...]
EUR/USD Daily Review 19 Nov 09
November 19, 2009 by FX Instructor · Leave a Comment
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Good Day Koalas !!!!
Regulars, guess what i am gonna say.. come on you know it….
TOMORROW IS FRIDAY !!!!
yay! What an irony. I get most time to do my forex related stuff on non forex trading days HA !
Yes the weekends are coming… and i am already dreading the following [...]
Here’s The Real Deal
November 19, 2009 by FX Instructor · Leave a Comment
There’s been a lot of discussion recently about the need for China to let the yuan appreciate. The argument is that in order to realign global imbalances (U.S. consumers spending too much while Chinese consumers save), China needs a certain degree of shift away from the export sector as it becomes more consumption orientated. That [...]
