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Yen bounces overnight

al_dcdemo Posted 9 July  in #Trader's blog #USD/JPY #Greece #Us Session #Asian Session #100 Dma #H1 Chart #Chinese Stocks
After nearly 200 pip fall yesterday, the pair found support in 120.40 - 120.70 band in US afternoon. It then rallied in Asian session, in line with slightly better sentiment with regard to Greece and stabilization in Chinese stocks.
It is now back above 100 DMA which has been reinforced by Weekly Support 2, Monthly Support 1 and 121.00 big figure level. First stronger resistance is seen at previous support between 121.90 and 122.05 (March high, Previous Week Low, Weekly Support 1, Daily Resistan…
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EURo extends yesterday's gains

al_dcdemo Posted 14 May  in #Trader's blog #EUR/USD #European Session #Us Session #Bank Holiday #Monthly Resistance 1
Due to the big part of Europe on (bank) holiday, today's European session was slower and choppy. But that didn't stop the Euro to break through 1.14 and to the new cycle-high of 1.1445, just below the February 17th high.
There was some profit taking in the European/US session overlap and, as is often the case, intraday low was posted around 16:00 GMT fix. Tomorrow is Friday, but we may still see another attempt or even break to new highs as momentum has been strong and rally does not appear to b…
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USD weakness continues

al_dcdemo Posted 20 Mar.  in #Trader's blog #USD #Resistance #NZD/USD #Kiwi #Bullish Bias #Us Session
After post-FOMC short squeeze and return to the mean, USD weakened today, especially in US session. The winner was again the Kiwi, which managed not only to retest Wednesday's highs but to also break above them. Strong resistance at 0.7600 - 0.7650 will have to be overcome next to confirm bullish bias.
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