Ucef's Blog

Avatar

Daily and weekly Long potential

Daily analysis
1.1875
was the low seen in 2010 and also capped the pair earlier this year. The August high of 1.1712 is the next line.
1.1680
capped the pair in January on its way down. The next line is a clear separator of ranges: 1.1535. It was last seen in January as well.The very round 1.15 level is of importance thanks to its psychological role. It is closely followed by 1.1460 that served as resistance earlier in the year.
weekly analysisThe historic line of 1.1373 from Novem
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

Analysing USDJPY on the weekly and daily and 4H timefrimes

Weekly view: What a week the USD/JPY pair has had! This has to be one of the most vicious buying tails (pin-bar candles) we’ve seen in a long time! Although price was actually stretched close to 600 pips during last week’s trade, the market closed a mere thirty or so pips below the prior week’s close (122.01) at 121.68 within a weekly swap (support) barrier at 122.01-121.40.
Daily view: From the pits of the daily scale, we can see that the 600-pip sell-off spike seen on the weekly scale took p
Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários
Avatar

Important week ahead for EURUSD

Important week ahead for EURUSD : In USD ( ISM, NFP and Unemployment ) while in EUR ( CPI and bank rate decision) will be driving forces behind EURUSD move.
I expect short term bullish correction to be initiated by the bounce from 628 Fib retracement at the support levels 1.118 until 1.14 area will be retested and one might consider to rejoin bearish long term move.
Correction might be driven by expectation of FED not rising rated in September but rather December

Ler história completa
Traduzir para Inglês Mostrar original
oudeixar comentários