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by Ashraf Laidi
Posted: Aug 14, 2009 10:23
Comments: 203
View Hot-Chart
This thread was started in response to the Hot-Chart:

USDJPY Cyclical Peaks

 
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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 2, 2009 23:14
raj, yes i see what you mean, thats bearish. Daily trend line resistance at 91.30 then 91.80. i pointed out the USDJPY bearshness on Thursday and Friday.

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Nov 2, 2009 22:20
thnx nzvik.
YA...its true H&S always hold good in long term chart rather than in shorter one. But I just mentioned the figure that i saw in the chart.
Rajib
nzvik
Auckland, New Zealand
Posts: 225
15 years ago
Nov 2, 2009 22:12
Raj

In my opinion H&S patterns perform better on daily and weekly charts. However, on your 5 hr chart I can see a clear down trend.

Good Luck
14raj
Kolkata, India
Posts: 210
15 years ago
Nov 2, 2009 21:51
Ashraf,
it may be a wrong technical assumption from my side.....but I just attached the available (5hr) chart here of USDYEN which i took as H&S pattern. If i am wrong I am sorry again.
Regards,
Rajib.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 2, 2009 16:40
raj, thers no H&S pattern on 4 hr. TL resist at 91

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Nov 2, 2009 11:55
Hi Red,
yes...Yen again falling. But it wil be much interesting to see how EuroUsd behave.The recent rally doesn't seems to be sustainable. And for US there is a good article from WSJ,u can go through it and hope u will like it.
Regards,
Rajib.
redstone
bristol, UK
Posted Anonymously
15 years ago
Nov 2, 2009 9:21
Hi Raj. Yen falling back now. Cant think why after another american bank files for bankruptcy?
14raj
Kolkata, India
Posts: 210
15 years ago
Nov 2, 2009 6:48
Ashraf,
there is a head and shoulder pattern in 4 hours DollarYen chart where the neckline is already taken out at 90.28.And after the breakout by the classical law it again touched the neckline today. I sold at 90.06 just no. I need your opinion, Ashraf.
regards,
Rajib
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Nov 1, 2009 23:29
hmmalik, keep following the IMTs and you will read my upcoming forecasts on USDJPY and EURJPY.

while many people wer ebusy focusing on USD weakness over the last 2 weeks. we constantly cautioned against rising YEN momentum. Since Thursday night, we had warned against 90 in USDJPY.

Ashraf
hmmalik
Toronto, Canada
Posts: 9
15 years ago
Nov 1, 2009 1:51
asharaf


where you see usd/jpy and eur/jpy next week

thanks

hmmalik
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