Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Jul 12, 2010 16:51
Comments: 43
View Hot-Chart
This thread was started in response to the Hot-Chart:

EURJPY Next Cycle Turn

 
12345
Passion Trader
Singapore, Singapore
Posts: 52
14 years ago
Jul 20, 2010 5:33
Eur/Jpy continues to see very choppy price action and the Geometry set for next week leads us to expect much of the same. Right now the weekly is in congestion action cycling and considering that next weeks 51/52dn resistance combo at 112 to 113 is right into the monthly pldot refresh zone and the live monthly pldot/53dn for August, we continue to expect strong resistance into that 112 to 113. This resistance zone is what should work to keep Eur/Jpy in a tight weekly congestion action range. If the daily block level support into 111 early in the week looks vulnerable then that could be the start of a new daily trend run down and through this interim support level of 111. Should that happen we may look to short the breakout as we would then expect a potential retest of 107.50 support.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 19, 2010 10:18
Merger Monday and improved risk appetite is boostingthis stubborn pair once again, we;re getting yen weakness and EUR strength so momentum could takes us back to 113.40s


id rather play long EUR against USD and CAD.

Ashraf
the oracle
Singapore
Posts: 2
14 years ago
Jul 19, 2010 10:07
triple bottom on eur/jpy, followed by the rebounce during european morning.
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 16, 2010 22:54
Falasteen viva la revolucion..............................!!!!! ;)



Good night and have a good weekend everyone.
Falasteen
Saida, Lebanon
Posts: 3
14 years ago
Jul 16, 2010 22:15
And, Is there a strong relation between Gold/oil and AUD ?
Falasteen
Saida, Lebanon
Posts: 3
14 years ago
Jul 16, 2010 22:12
Dear Ashraf Is there a strong relation between Gold/oil and USD ?
Stationdealer
London, UK
Posts: 715
14 years ago
Jul 16, 2010 21:19
Lagging indicator carlco!
Nipu
Antwerp, Belgium
Posts: 2
14 years ago
Jul 16, 2010 20:14
Sir , is it advisable to hold shorts for T1 110.60
Carlco
bristol, UK
Posts: 151
14 years ago
Jul 16, 2010 18:37
INTERESTING, the parabolic sar hasn't reversed on the daily chart yet.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 16, 2010 15:25
The 113.40 resistance worked well and now we're down 170 pips. More downside to come

Ashraf
Report Reply
12345