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cuong nguyen manh

Vietnam, Quan 12, TP. Ho Chi Minh

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April 13

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GBPUSD: Weekly charts look positive

CUONGNGUYENMANH Posted 4 Nov. in #Trader's blog

SUPPORT: 1.2445 1.2366 1.2333 1.2298 1.2280 1.2240 1.2180 1.2130 1.2080
RESISTANCE: 1.2500/10 1.2535 1.2685 1.2710 1.2771 1.2882
Well...we nearly reached target area of 1.25 and we have backed away...1.2534 is the 38.2 med term fib level and therefore we should run into problems around here...Just going slightly into overbought area but our weekly charts look positive....Now I think we need to clear 1.2535 before we can attempt longs...It would be better I think if we could retreat first to ea…

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USD/JPY Holding Strong Support At 102.90/80

CUONGNGUYENMANH Updated 4 Nov. in #Trader's blog

USD/JPY holding strong support at 102.90/80 targets 103.42/45 then resistance at 103.57/60. A break above 103.70 allows a further recovery to 103.78/82 then resistance at 103.93/97. Watch for a high for the day, but further gains meet a selling opportunity at 104.25/30, with stops above 104.55.
Strong support at 102.90/80, but below here is a sell signal targeting 102.50/60 & 102.25/20.
Source: investing.com

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AUD/USD trading right at the rising trend-line on the Daily Chart

CUONGNGUYENMANH Posted 2 Nov.

AUD/USD (current price: 0.7627) The Reserve Bank of Australia left its benchmark rate unchanged at 1.50% yesterday, and that might mean that the recent rate cut cycle is over, although the weakness in Asian economies still weighs heavily on the currencies in the region. The Australian Dollar rocketed higher following the releases of the more hawkish than expected statement, but the continued decline in oil weighed on the commodity currency throughout the day, despite the rally in precious metals…

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