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.
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Good luck with trading.…
Added by Ross Yamashita on October 26, 2011 at 4:23am — No Comments
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…
Added by Ross Yamashita on October 21, 2011 at 4:54am — No Comments
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…
Added by Ross Yamashita on October 20, 2011 at 5:27am — No Comments