Latest Market Update

USDJPY 18/05/2012
5:58am

Mixed Signals – Please Await Update

“USDJPY – We warned of a possible downward correction yesterday but didn’t expect such a strong selloff. This resulted in USDJPY trading to 79.15, 61.8% pullback off gains from Feb-Mar (79.02-84.18). Furthermore, this also ‘lines up’ with a 261.8% extension of losses from 81.79-80.85. The intraday chart is also posting inside bars, highlighting the indecision at this level. However, we have lacked any follow through buying so our call is for Mixed Signals – Please Await Update

Selling though 79.13, yesterday’s low, would generate an outright sell. Targets would then be 78.80 and towards 78.35. A stop of 30 pips can be placed on the break.

Buying through 79.85, would generate an outright Buy. Targets would then be 80.15, daily cloud and towards 80.56, this week’s peak. A stop of 30 pips can be placed on the break.
... [Read more]”

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EURUSD – Breaks through descending triangle formation (weekly)

May 9, 2012 at 11:03

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Update on our weekly reports

May 4, 2012 at 15:12

Hi there,over the coming weeks we will deliver some changes to the service to enhance the content and scope of our award winning product. Forex Crosses at 8am We are changing the timing of some of the pairs – EURCHF, GBPCHF, GBPJPY and AUDJPY. After analysing our data it has become apparent that more accurate

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