Ross Yamashita's Blog (65)

GBP/USD Analysis

Greetings.



Let's take a look at the GBP/USD long term chart.



The screen capture is a weekly GBP/USD chart. As you can see, we've been in a sideways channel for almost 2 years now. What does this mean? Once it breaks out of this channel, it will move hard. So, watch for that.



However, don't expect any big movements in the week to come. Look for the pair to potentially move back up to the middle of the channel but, be cautious, the longer term technicals are…

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Added by Ross Yamashita on December 22, 2011 at 9:11am — No Comments

USD/CHF Analysis

Greetings.



Let's take a look at the USD/CHF longer term chart.



It looks like we saw an Ending Diagonal throughout the most of 2011 and when it completed in August, we saw a sharp movement back up.



Looking at the structure of the upward movement, it looks like we're in a 3rd wave movement so be cautious if you're in a buy trade - protect some profits.



It looks like we may potentially see a little more upward movement, potentially to the .9600-.9700…

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Added by Ross Yamashita on December 15, 2011 at 7:48pm — No Comments

USD/JPY Analysis

Greetings.



Let's take a look at the USD/JPY.



It looks like the downward trend will potentially continue but we may see a short retracement coming up to finish off 2011. Look for the pair to continue down to the 76.00 - 75.00 level. Once the downward retracement completes, then look for the pair to start the upward retracement to test the 80.00 level and above.



Good luck with trading and be sure to check out our …

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Added by Ross Yamashita on December 8, 2011 at 6:21am — No Comments

NFP - EUR/USD Price Points To Watch For

Greetings.

It's that time of year again - NFP - and we're starting to see the markets ease up from yesterday in prepartation for NFP.

Here are some prices to watch for the EUR/USD:

Up: 1.3542
Down: 1.3340

Good luck with trading. Be sure to use your stops and protect profit.

We hope everyone has a great weekend!

Added by Ross Yamashita on December 2, 2011 at 3:15am — No Comments

GBP/JPY Analysis

Greetings.



The GBP/JPY hourly chart shows the overall trend appears to be bearish, however, it looks like we may be in the middle of a potential retracement. Look for the shorter term retracement to potentially head up to test the 123.00 area and above.



Once this upward retracement completes, then look for the pair to potentially head back down sharply.



Good luck with trading and be sure to use your money management.…

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Added by Ross Yamashita on November 30, 2011 at 6:05am — No Comments

GBP/USD Analysis

Greetings.



Let's take a look at the GBP/USD.



We may see a little more potential corrective movement up, however, once that completes, look for the pair to potentially head back down to potentially test the 1.5000 level and below.



Good luck with trading.



We'd also like to wish everyone in the U.S. a very happy and safe Thanksgiving weekend.…

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Added by Ross Yamashita on November 24, 2011 at 8:48am — 1 Comment

EUR/USD Analysis

Greetings.



Let's take a look at the EUR/USD daily chart.



We can see a big Contracting Triangle (CT) forming so when this triangle completes, look for the pair to move up to test the 1.3600 area and above. If we see a strong push up, look for the pair to test the 1.4000 and then the 1.4300 area.



Don't forget to check out our technical forecasts along with other top FX Street…

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Added by Ross Yamashita on November 17, 2011 at 4:47am — No Comments

EUR/JPY Analysis

Greetings.



We apologize for the decline in contributions, however, we were really busy finalizing our presentation for this weekend. The good news is, we've completed everything and will hopefully get back on track to more analysis.



Today, let's pull up the EUR/JPY hourly chart.



It looks like the overall trend is still bearish and look for a test of the 103.00 area and below. If we can break the 103.00 area and break away, then we may see a nice test of the century…

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Added by Ross Yamashita on November 15, 2011 at 3:29am — No Comments

USD/CHF Analysis

Greetings.



Let's take a look at the USD/CHF chart.



It looks like the upward movement on this currency pair has started but it maybe still a little too early to tell when this upward movement will start to fizzle out. If this turns out to be a 3 wave retracement, look for a retracement down followed by a 3rd wave up. Look for it to potentially test the trendline.



In the longer term, once the upward movement completes, then look for the pair to push down to…

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Added by Ross Yamashita on November 3, 2011 at 6:30am — No Comments

USD/JPY Analysis

Greetings.



Let's pull up the USD/JPY.



Look for the pair to potentially test the 75.00 area and then potentially bounce back up to test the 78.00 area and above.



Don't forget to check out top FX Street analysts technical forecasts on FX Street. Click here for the forex technical forecasts.



Good luck with trading.…

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Added by Ross Yamashita on October 26, 2011 at 4:23am — No Comments

EUR/JPY Analysis

Greetings.



Let's pull up the EUR/JPY hourly chart.



The trend has been down for a while and it looks like the bearish trend has more potential downwards push to it in the longer term.



Look for more bearish movement as we head into the European and New York sessions, as we also have Trichet speaking near the open of the European markets. Look for a potential price area of 105.50 - 105.00.



After we see the downward action complete, look for a move up to…

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Added by Ross Yamashita on October 21, 2011 at 4:54am — No Comments

USD/CHF Analysis

Greetings.



Let's pull up the USD/CHF chart.



We were on break for a couple of weeks and we just completed our weekly technical forecast for FX Street and it looks like the USD/CHF saw a big mvoe up from the low in August 2011.



It looks like the upward momentum still has some juice left in it.



Look for a potential retracement down to the .9000 - .8800 area. Once the downward retracement is complete, look for a potential move back up.



A good way to…

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Added by Ross Yamashita on October 20, 2011 at 5:27am — No Comments

USD/JPY Analysis

Let's take a look at the USD/JPY chart.



We just completed our forecasts for FX Street's technical forecast and it looks like we may see a little more downward actions towards the 75.00 mark. Once we see the downward movement complete, then look for a move back up to test the 80.00 area and above.



Good luck with trading and be sure to check out our technical forecasts along with other top FX Street analysts.…

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Added by Ross Yamashita on September 29, 2011 at 4:56am — No Comments

EUR/USD Analysis

Greetings.



Let's take a look at the EUR/USD as we work on our FX Street technical projections.



We see some pretty strong trend lines in the daily chart and it looks like we're potentially going to see a little more selling action to test some of these lower trend lines.



Look for the pair to test the middle trend line (on chart). If we see a strong break of the trend lines, then we may see a continuation down to the 1.2500 area then to the 1.2000 area (test the low…

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Added by Ross Yamashita on September 22, 2011 at 8:45am — No Comments

GBP/JPY Analysis

Greetings.



Let's take a look at the GBP/JPY.



The currency has been in a steady decline since early June and there may be a little more downward movement coming.



We are approaching the low from 2009 around the 118.75 level. If we can break and break away from this, then look for the pair to potentially continue to the 118.00 price leve and below.



Good luck with trading.…

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Added by Ross Yamashita on September 21, 2011 at 3:54am — No Comments

GBP/USD Analysis

Greetings.



Let's take a look at the GBP/USD daily chart.



It does seem like we're potentially poised for a longer term downward movement so hold on tight.



Here are the GBP/USD projections for our technical anlaysis.



Week - 1.5500

Month - 1.5200

Quarter - 1.4800



To see our other projections on the majors as well as projections from other top FX Street analysts and traders, visit the…

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Added by Ross Yamashita on September 15, 2011 at 3:39am — No Comments

EUR/JPY Analysis

Greetings.



Let's pull up the EUR/JPY.



We've seen a nice downward movement and it looks like there may be more downward sentiment left in this currency pair.



Look for the pair to pontentially come down to test the 104.50 price range. If we can break Monday's low (103.88), then that may open up the pair for more downward movement to 103.00 and below.



Good luck with trading.

 …

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Added by Ross Yamashita on September 13, 2011 at 9:40pm — 1 Comment

USD/CHF Analysis

Greetings.



Let's take a look at the USD/CHF daily chart. We saw some big upward movements in the past 2 months and this may be a signal we are going to start an upward correction for the long term move down.



Look for a potential continuation of the movement up - up to .9000 and then potentially to the .9400 in the longer term.



This is what we forecasted for our FX Street technical projections. You can see what our projections are for the majors along with other FX…

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Added by Ross Yamashita on September 9, 2011 at 4:21am — No Comments

AUD/USD Analysis

Greetings.



Let's take a look at the AUD/USD.



With the big move down we saw in August and the month-long upward retracement, it looks like we're potentially looking to start moving back down in the longer term.



In the shorter term, look for the pair to potentially move up to the 1.0600 - 1.0700 area. Once the retracment is complete, look for a move back down to the 1.0400 level and below.



Good luck with trading.

 …

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Added by Ross Yamashita on September 7, 2011 at 4:32am — No Comments

EUR/GBP Analysis

Greetings.



Let's pull up the EUR/GBP chart.



Keep in mind this is a daily chart but you can see how the pair playing nicely within the larger trendlines.



As for the currency, in the shorter term, it looks like we're forming a potential triangle so once complete, look for a potential push up to the .8900 level and above.



Good luck with trading.

 …

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Added by Ross Yamashita on September 1, 2011 at 4:17am — No Comments

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