The Advisor Weblog |
- Hourly perspective for US session
- Best pair to trade now: GBP/USD
- Majors’ sentiment for today
- Starting the day
| Hourly perspective for US session Posted: 18 Oct 2010 06:33 AM PDT Here is the hourly perspective for US session:
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| Best pair to trade now: GBP/USD Posted: 18 Oct 2010 05:32 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-10-18.html
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| Posted: 18 Oct 2010 04:55 AM PDT Here is the majors’ sentiment for today:Eur/Usd: Bearish Gbp/Usd: Bearish Usd/Chf: Slightly Bullish Usd/Jpy: Neutral Eur/Gbp: Slightly bullish Eur/Jpy: Bearish Gbp/Jpy: Bearish
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| Posted: 18 Oct 2010 04:52 AM PDT Hi everyone, and welcome back! As comment yesterday on the Live weekly opening, seems this will be a dollar week. Not that dollar all of the sudden has turned stronger, yet strong correcctions seem to be underway, at least with euro and cad right now. EUR/USD struggles with the 1.3890 area, the old 61.8% retracement of the 1.5140/1.1870 rally, while USD/CAD attempts to regain 1.0200. Pound has also turned bearish but I do see a strong long term support around 1.5770, that will be key for further falls, or not. USD/CHF won’t turn bullish unless above 0.9700, while USD/JPY needs to overcome 81.65 to lose the bearish tone. Aussie continues trading below 0.9900, yet 0.9770 price zone needs to give up, to see there further downside. We have first line data today in the US, so seems majors are waiting those for further definitions; here is the link for today’s calendar: http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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