Daily Forecast for Crosses: September 14, 2009
September 13, 2009 by FX Instructor · Leave a Comment
The EURJPY had a significant bearish momentum on Friday. On h4 chart below we can see that the bullish channel (blue) has been violated to the downside indicating bullish failure as the price go back inside the bearish channel (red)
GBP/USD Daily Forecast: September 14, 2009
September 13, 2009 by FX Instructor · Leave a Comment
The GBPUSD attempted to push higher on Friday, topped at 1.6740 but whipsawed to the downside and closed lower at 1.6655, which is also the open price of the day, formed a Doji on daily chart
USD/JPY Daily Forecast: September 14, 2009
September 13, 2009 by FX Instructor · Leave a Comment
As I had expected, the USDJPY continued it’s bearish momentum on Friday, hit my short target at 90.70, bottomed at 90.20 and closed at 90.70
USD/CHF Daily Forecast: September 14, 2009
September 13, 2009 by FX Instructor · Leave a Comment
The USDCHF made indecisive movement on Friday, formed a Doji on daily chart. On daily chart below we can see that a Doji appeared after an inverted hammer during bearish momentu
EUR/USD Daily Forecast: September 11, 2009
September 10, 2009 by FX Instructor · Leave a Comment
Although we had a volatile market yesterday, the EURUSD made indecisive movement indicating consolidation after some bullish momentum.
Daily Forecast for Crosses: September 11, 2009
September 10, 2009 by FX Instructor · Leave a Comment
The EURJPY had another indecisive movement yesterday. The pair attempted to push lower, bottomed at 133.29 but closed higher at 133.75.
GBP/USD Daily Forecast: September 11, 2009
September 10, 2009 by FX Instructor · Leave a Comment
The GBPUSD continued it’s bullish momentum yesterday. On h4 chart below we can see that the pair made a breakout from the range area (38.2% – 50% Fibo retracement of 1.7042 – 1.6112)
USD/JPY Daily Forecast: September 11, 2009
September 10, 2009 by FX Instructor · Leave a Comment
The USDJPY made another moderate bearish momentum yesterday. On h4 chart below we can see that the new candle next to the inverted hammer failed to closed above 92.24
