EUR/JPY Daily Outlook

The breach of 98.53 minor support was brief and EUR/JPY quickly recovered. Indeed, the strong of the rebound and bring of 99.96 minor resistance indicates that whole corrective rise from 95.64 is still in progress. Intraday bias is mildly on the upside for 101.62 and above. Nonetheless, we're still expecting strong resistance from 61.8% retracement of 108.00 to 95.64 at 103.27 to finish the … [Read more...]

EUR/JPY Daily Outlook

EUR/JPY continues to stay in tight range and intraday bias remains neutral. As noted before, rebound from 95.64 could extend higher with 98.53 minor support intact. Above 99.96 minor resistance will flip bias to the upside for 101.62 and above. But considering bearish divergence condition in 4 hours MACD, even in case of another rise, upside should be limited by 61.8% retracement of 108.00 to … [Read more...]

FOREX PRO Weekly June 25-29, 2012

Monthly Since market still stands in retracement on daily time frame , monthly chart looks almost the same as on previous week. Monthly trend holds strongly bearish . Very often after solid candles market takes some pause. This does not happen every time, but often. Now we see something of that kind. Although solid monthly resistance stands at 1.3028-1.3086 K-area, probably we should mostly … [Read more...]

EUR/USD was trading at 1.2570

Forexpros - The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.2570, up 0.25% at time of writing. The pair was likely to find support at 1.2520, today’s low, and resistance at 1.2742, Wednesday’s high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.28% to hit 0.8064 and EUR/JPY rising 0.44% to hit 101.11. … [Read more...]

Break Down From A Bearish Rising Wedge Chart Pattern

The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEX/SPX) rose above its highs of the previous 2 years, reconfirming its preexisting major bullish trend. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative safety of large size. The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) whipsawed back down … [Read more...]

FPA DTS | Trading the: UK Retail Sales @ 4:30 AM EDT on 21st June (Thu)

I will be trading the: UK Retail Sales @ 4:30 AM EDT on 21st June (Thu) As the name suggests, this economic indicator measures the amount of money consumers spent in stores, restaurants, movies, and other retail outlets. Then the amount is measured against the amount for previous month, and a percentage is derived of whether it’s more or less. If the retail sales this month are higher than … [Read more...]

FPA Daily Trading Signals | Trading the News Event: Core Retail Sales from USA

Here is some of the Event Information: What’s Expected: Core Retail Sales m/m from USA which measures the change in the total value of sales at the retail level, excluding automobiles; Whats Also Releasing: PPI M/M, Retail Sales M/M Core PPI Do they Conflict: Yes Who Wins: Core Retail Sales Time of release: June 13th 2012 at 8:30 EDT Primary Pair/s Impact: US$ Index, I Will trade the USD$ Vs the … [Read more...]