13:40GMT Another climb is on EURUSD looking at 1.2790ish as target
12:35GMT Based on what I read on Jobless Claim; USD will be battered. JPY will try another low based on this data. I think Obama should look into new ways to reclaim the lost ground.I feel sorry for Clever President Bush as he was looking for free oil from Iraq :D GBPUSD and EURUSD should try ZIG-ZAG moves till players runout of options.
10:40GMT Jobless claim will be important at this stage.. Pattern shows DROP but RSIs shows Climb - MIXED signals. My instincts says that we will see a drop and then climb. Now drop is before the jobless data or not is something to be seen..
04:20GMT As predicted yesterday - "untimed" UP trend is underway. Missed the "time" target by 1 hour ;D
01:15GMT Pattern targets for next few sessions
00:55GMT Good Morning Friends, Stress levels will be high for intra-day traders and last 7 days showed that FX trading is a mix of intra & swing. EURUSD is been held in range; with weekly pattern wall's weekly RSI falling below 40 provides opportunity for long-term players to enter market. Last time EURUSD was at 1.3345 when we touched this weekly range of RSI followed by a fall landing us 1.1858 and RSI at 4. Though chances of RSIs reaching those levels are slim but a drop is realistic for next 2-3 weeks. Yes this will give us chances to ride the wave. GBPUSD weekly RSI at 55 looks likely to go UP unless fundamentals creates bearish sentiments. JPYs will certainly looking to reverse and probably 83ish was the lowest that USDJPY can try now. Weekly RSI says we are on the edge of UP wave for JPY crosses but will players take advantage to create new lows and Big LONG entries on those?
Hi J, gu rise - is that a reversal to go to 1.60 areas or just a upward stphunt for a further drop? Are we able to judge this in a long term basis? Thanks
ReplyDeleteI think GBPUSD 1.56-57 will be a range for time being and then if BOE says UK is in strong recovery or US is in terrible mess then look for 1.62 or beyond..
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