Thursday, March 20, 2008
Monday, March 17, 2008
Technical focus: EURJPY and AUDUSD
EURJPY
Recently we posted a EURJPY in chart in which we were looking for a sizeable follow through lower for the pair on the risk aversion theme. The sell-off was alas quickly aborted as the risk aversion them came into play -note, however, that EURJPY was unable to close above the key 5-day SMA. All in all, as long as the atmosphere of fear reigns, we would expect the JPY to strongly outperform EUR. A possible retest of the 150.00 area may await here soon. Have a look at AUDJPY and NZDJPY as possible alternatives to this trade.
AUDUSD
AUDUSD topped out right at the 0.764 Fibonacci, which many favor employing as a retracement level when looking for a market turnaround. As mentioned above, the relative yield curve developments are beginning to favor the USD relative to AUD. There is little technical confirmation that a new sell-off wave could develop other than the rejection of the rally at the Fibonacci level, but continued risk aversion here could continue to see more pressure on AUD with its tendency to perform poorly when equity markets are tumbling.
JPY sharply stronger across the board as 100.00 USDJPY level sees first test. JPY crosses set to tumble?
US Retail Sales on tap today, but market more focused on risk theme again on hedge fund failure news.
Thursday, January 10, 2008
Daily Pivot for 10th of January 2008
GBP USD : 1.9633
EUR USD : 1.4680
GBP JPY : 215.25
Pivot is the key of market move, either up or down usually market will break daily pivot to determine the way it move.
When you encounter any problems or have any inquiries with regards to their forex trading, please feel free to drop an email to me at gap112@gmail.com
Wednesday, January 9, 2008
i am back...trade forex like before
Daily Pivot :
GBP USD : 1.9740
EUR USD : 1.4710
GBP JPY : 215.54
so far for GU and EUR have broke their daily pivot. Maybe they will go up. Just wait and see


