The Advisor Weblog |
- Next Webinar: Backtesting
- Majors’ perspective for US session
- U.S. Data mixed risk aversion triggered
- USD/JPY keeps holding above 92.80
- Best pair to trade now: EUR/USD
- EUR/USD: falling further
- Majors’ sentiment for today
- Starting the day
| Posted: 15 Apr 2010 09:58 AM PDT I will be giving an open webinar on backtesting, next April 27th. Here is the link if you want more info: http://www.fxstreet.com/live/sessions/session.aspx?id=4e3d8c2e-dd29-4b72-a68e-b1a1ba13a77e
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| Majors’ perspective for US session Posted: 15 Apr 2010 06:39 AM PDT Here is the major’s hourly perspective for U.S. session: http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-04-15.v02.html
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| U.S. Data mixed risk aversion triggered Posted: 15 Apr 2010 05:33 AM PDT Unemployment claims rose to 484K past week, while Empire State manufacturing index in fact came better than expected at 31.8 compared to 22.9 past month. Wall Street futures spike down, and dollar and yen up, as unemployment reading are way to high triggering more risk aversion in the markets. Let’s see of they settle down in the next 15 minutes.
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| USD/JPY keeps holding above 92.80 Posted: 15 Apr 2010 04:36 AM PDT Pair keeps holding above the 92.80 area, the 38.2% retracement of the last daily bullish rally; however pair remains quite flat in range, limited to the upside by the 93.60 zone; I still believe we are goint to see some interesting bullish rally in this cross, thus we need a clear break of the top; 94.10, 94.40 and 94.80 are the resistances for today, while under 92.80, pair could attempt a retest of the 92.50 lows; if under this last, then pair could lose the bullish bias and approach to 92.20 area.
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| Best pair to trade now: EUR/USD Posted: 15 Apr 2010 03:31 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-04-15.html
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| Posted: 15 Apr 2010 02:28 AM PDT EUR/USD, continues it’s slump, pass trough the support area, now acting as resistance zone for the pair around 1.3550/60. If you take a look at this chart, you will see pair is at weekly low, after crossing with a strong volume candle the 200 EMA; 20 SMA is also losing momentum as well as indicators; pair should settle down and consolidate a bit in between 1.3530/1.3560 now, thus if we lost the 1.3530, then 1.3490, static support area and Sundaly gap, is next probable downside level to watch; above 1.3560, resistances lie for today at 1.3590 and 1.3640 zone.
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| Posted: 15 Apr 2010 02:16 AM PDT Majors’ sentiment for today: Eur/Usd: Bearish Gbp/Usd: Slightly Bearish Usd/Chf: Bullish Usd/Jpy: Slighlty Bearish Eur/Gbp: Bearish Eur/Jpy: Bearish Gbp/Jpy: Bearish
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| Posted: 15 Apr 2010 02:13 AM PDT Hi everyone, and welcome back! Dollar is rising strongly against majors rivals this ealry European session, while yen is also up thus far more limited than greenback; Asian session so exactly the opposite a continuation of yesterday’s trend with Pound reaching 1.5520 area yet unable to hold. Euro Lost the 1.3600 level and slump to 1.3550/60 area where as comment on previous updates, there is a strong support for the pair; if we accelerate lower, I would expect it to extend the downside quite quickly. Anyway! I will start reading a bit what happened, and preparing a technical perspective for majors. Here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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