The USDJPY trades now near to an important resistance level around 81.80 ,what do we have here:
1- The long-term bear channel resistance around 81.50 / 81.80 area.
2- 61.8 % Fibonacci retracement of 15 Mar 2012 highs to 16 Apr 2012 lows at 81.77
3- %R indicator suggests a trend continuation at 81.50 of the bearish breakout 82.25
4- RSI , broke below the 30, suggested bearish momentum in medium term ,then rose towards 60 , broke above it, then declined below 60,…Continue
USDJPY; A trend continuation of 83.45 at 81.12 opens risk towards 79.00/78.00 levels
As shown on the hourly chart, last month we had bearish breakout at 83.45 - USDJPY, Bearish Breakout Suggests Further Weakness ! - according…Continue
Added by Haitham653 on April 13, 2012 at 9:04am — No Comments
Added by Haitham653 on May 6, 2011 at 6:10am — No Comments
From the chart above , it's obvious that we are in strong downward trend !!!
The last 5 or 6 weeks , the pair breached and closed above EMA 50 and made a new high " peak" at 85.50 , the next week , the…Continue
With Yesterday close 133.60 the pair breached below EMA 50 on daily chart and added strong negativity to the pair , the most thing that need to be watched yesterday's low 132.92 , we only need a daily close below this to support the bearish wave ?!!
Technically , Macd is below the zero line ( today candle )…Continue
The bullish correction that happened last week was limited , even the pair closed above EMA 50 on 4 hour, the pair found resistance at 82.72 , but it was unable to break above that level , the EMA 50 on daily chart was dominating the pair movement ,it served as strong resistance and pushed the pair to move down…Continue
Recommendation: Upon the chart posted above , my recommendation is buying the…Continue
Weekly Report ( 14 Mar - 18 Mar 2011 )Continue
Added by Haitham653 on March 14, 2011 at 11:19am — No Comments
Hello everyone..check out these charts posted below ?!!…Continue
Added by Haitham653 on February 20, 2011 at 5:00am — No Comments