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Filtrar por etiquetas:  Daily Resistance 3
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Dollar wins out

It was a funny day full of whipsaws in most pairs and quite a lot of action for a Monday. In the end it all resolved to the Dollar strength after ISM Manufacturing PMI came out at 52.8 vs. 51.9 expected and 51.5 previous.
USD/JPY made a new 13-year high and is currently approaching Daily Resistance 3 just below the big 125.00 level. It will likely be some selling around there, but the quick stop run up to Weekly Resistance 1 at 125.25 is not excluded.
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USD/JPY pops 2007 high overnight

USD/JPY continued its uptrend overnight and broke 2007 high at 124.14, to the highest in the last thirteen years. It stalled at Daily Resistance 1 (124.23) and then pulled back 50 odd pips.
Initial resistance is found in 124.15 - 124.25 band (June 2007 high, Daily Resistance 1). Then few intraday levels: 124.50 level, Weekly Resistance 3 (124.66), Daily Resistance 2 (124.80). Then stronger at 125.00 level, before possibly even stronger in 125.50 - 125.70 band (125.50 level, Daily Resistance 3, H…
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Dollar in demand

The Dollar gained across the board today, shedding 50-100 pips from most of its major counterparts. The biggest loser appears to be the Loonie, which lost almost cent and a half in thin holiday trading (it's Victoria Day in Canada).
It has broken above the top of declining four-week consolidation just below 1.21 and traded up to Previous Week High and Daily Resistance 3 at 1.2150. If this is real breakout, price should not go lower than the 1.2050 - 1.2100 band on the pullback. We shall see soon…
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EURo continues higher

Following yesterday's bounce from previous (1.0450 - 1.1050) range high, Euro was bid for the most of Asian session and came into European session on its highs. Despite positive data and few attempts to the upside, it went sideways until weaker than expected ADP Non-Farm Employment Change sent it through resistance in 1.1275 - 1.1300 band.
1.1380 - 1.1410 is the next strong layer of resistance: Weekly Resistance 1 (1.1383), 1.14 level, Daily Resistance 3 (1.1407). On the downside, 1.13 level sha…
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EURo squeezes higher

Short squeeze in thin liquidity continues as EUR/USD has just popped above Weekly Pivot Point at 1.0903, but is now pulling back through broken Daily Resistance 3. Daily range is currently 150 pips in what appears to be some profit taking / position squaring ahead of tomorrow's Good Friday holiday and NFP.
BTW: Good luck to all participants and happy trading in this month's contest!
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