From a the H4 chart showing the weekly picture however, the USDJPY appears to be still on an uptrend from both the higher low (to be confirmed) and the apparent upward rising channel.
Read more →In a nice technical retracement, Euro visited the mid-October support also September high. We may see it coming back to the Monday open to test resistance.
Read more →The Kiwi is hinting at a lower high on the four hour charts. This establishes strong resistance at 0.7570~ We may be due next week to re-visit the mid week support at 0.7440 – 0.7460. Direction: visit 0.7460 May also retry the previous high
Read more →USD makes another weeklynew high although it is approaching potential resistance zone from 92.00 – 92.50~ Next week, we should see USD continuing its momentum although consolidation might be due mid week. If so the best bet for support should come about at 91.25~ Direction: Maintain momentum
Read more →The USDJPY is making new weekly highs although it has not reached the mid-September resistance that we can see from the daily chart. Last week’s resistance at 91.30~ has also become a resistance that we can see this week in the hourly charts. Direction: test high Support:
Read more →The EURUSD was finally halted on a second day of try the mid 1.50 level. A slightly new high made hours ago appears to be a failed break of the previous high on Wednesday. Bears might be emboldened by this move. Support is expected at 1.4950~ Direction:
Read more →Euro continues to make new high compared to last week. Last week’s resistance at 1.4965~ might be tested for support. Another prominent place to watch for support is the monthly R1 and the mid week support at 1.4885~ although moving to the latter means that Euro will
Read more →From the daily charts, Euro has made a new high in October compared to the previous month. Therefore there is momentum to continue rallying. From the weekly charts however, Euro made the high early this week at 1.4990~ but this was a failure of last week’s high
Read more →Despite the downtrend in the daily charts, the Dollar has just made a new high last week compared to the previous. With the resistances now firmly entrenched as support, it is likely for the pair to re-test 91.30~. If successful, we might see it try September resistance.
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Read more →FX outlook for Q4 2009 | Fusion of economic climate and technical analysis
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