Weekly Forex Chart Price Action Outlook for April 9th – 13th 2012
The USDJPY fell substantially lower today as the pin bar off 81.85 support failed. Pin bars do fail sometimes, and we discussed in yesterday’s members’ commentary that we were weary of this pin bar since there were several recent bullish pin bars o…
The USDJPY moved higher today and we can see the 4 hour pin bar setup that we discussed last Friday is now up a nice profit.
Today, the EURUSD broke free from last week’s consolidation. Price has a clear path to 1.3485 resistance now, and if it reaches that key resistance at 1.3485 – 1.3500, we will watch for potential price action sell signals on the daily chart time fr…
Today, the EURUSD broke free from last week’s consolidation. Price has a clear path to 1.3485 resistance now, and if it reaches that key resistance at 1.3485 – 1.3500, we will watch for potential price action sell signals on the daily chart time fr…
Weekly Forex Chart Price Action Outlook for March 26th – 30th 2012
The USDJPY moved lower today but did show rejection of the support near 81.90 that we first discussed in our commentary from March 15th.
Weekly Forex Chart Outlook for March 19th – 23rd 2012
The Japanese yen has been in a virtual free-fall against the other majors over the last 6 weeks. The U.S. dollar has been exceptionally strong against the yen recently as the U.S. economy continues to show signs of improving even while the euro-zone an…
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Forex Trade Setups Commentary: USDJPY Finds Support off 80.55, 11th April 2012
The USDJPY found support off the key level near 80.55 today, moving modestly higher as it regained some of yesterday’s losses