Hi Traders
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The Australian Dollar (AUD)-continues to find support on the back of higher commodity prices. The Aussie dollar broke through key 91 cent level during the Asian session of trade as Platinum reached an all time high, further boosted by the RBA minutes scheduled for release on Tuesday morning.
JPY-The JPY depreciated vs. the USD yesterday as the pair tested offers around the 108.30 level and was supported around the 107.75 level. The Bank of Japan monthly report echoed the same tone held by BoJ Governor Fukui last week...
USD/JPY-The consolidation around the 108.20 level has ended, and the pair is showing strong bearish momentum again. It appears that the bullish breach above the range was not validated, and that range trading might be the name of the game. Taking short term selling positions might be the right move today...
All The Best
Forex.DelijaWorld.com
Showing posts with label Forex Automated Trading Software. Show all posts
Showing posts with label Forex Automated Trading Software. Show all posts
Tuesday, February 19, 2008
Wednesday, February 6, 2008
What's Happen on Forex Market...
Hi Traders
Atte:Yes, freedom! Financial-freedom...Make Money Trading Forex by An Automated Software Developed by Goldman Sachs' Quantitative Analyst
The Japanese Yen (JPY) rallied against a number of majors as concerns surrounding the US economic slow down. As Asian stock prices closed lower, a flow on effect was seen on major European and US equity markets, ensuring the Yen was relieved of much of its role as a low funding currency. Overall the USDJPY traded with a low of 106.6and a high of 107.74 before closing the day at 106.73 in the New York session...
USD/JPY-The pair has traded in a tight range for a while with no distinct direction. The Bollinger Bands are getting tighter, and the 4 hour Slow Stochastic is showing a bullish cross. Oscillators strengthen the notion that if a sharp break will occur, it will most likely be bullish. Forex traders are advised to wait for the break and swing with it...
Good Luck Today...
Forex.DelijaWorld.com
Atte:Yes, freedom! Financial-freedom...Make Money Trading Forex by An Automated Software Developed by Goldman Sachs' Quantitative Analyst
The Japanese Yen (JPY) rallied against a number of majors as concerns surrounding the US economic slow down. As Asian stock prices closed lower, a flow on effect was seen on major European and US equity markets, ensuring the Yen was relieved of much of its role as a low funding currency. Overall the USDJPY traded with a low of 106.6and a high of 107.74 before closing the day at 106.73 in the New York session...
USD/JPY-The pair has traded in a tight range for a while with no distinct direction. The Bollinger Bands are getting tighter, and the 4 hour Slow Stochastic is showing a bullish cross. Oscillators strengthen the notion that if a sharp break will occur, it will most likely be bullish. Forex traders are advised to wait for the break and swing with it...
Good Luck Today...
Forex.DelijaWorld.com
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