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- Submitted May 20, 2012|From forex-fx-4x.com|4 comments
The U.S. Dollar Index has found resistance at the previous swing high around 81.70. Our previous update noted that the USDX was trading just under the 81.50 area part of a zone between the 81.30 and 81.70 levels that had seen considerable dollar ...
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fxprocessor replied May 19, 2012USDJPY Weekly Bearish Engulfing at 80.00 — USDJPY Weekly Bearish Engulfing at 80.00...
USDJPY-EURJPY-GBPJPY + all JPY pairs
- fxprocessor commented May 17, 2012
Did you set a stop loss and define your risk when you entered the trade?
Euro To Weaken Further Despite Oversold Signal
- fxprocessor replied May 17, 2012
All about GBPJPY today.... — Its all about the GBPJPY today.... Nice break below trend line support this week and major downside seen today. Cable under the hammer and the GBPJPY back on form with a huge down day. The breakout of the inside ...
USDJPY-EURJPY-GBPJPY + all JPY pairs
- fxprocessor replied May 14, 2012
USDJPY price is oscillating around the 80.00 handle as risk aversion flows are seen on USD and JPY. I still see 80.00 as an interesting area for price action confirmation but would need to see some momentum.
USDJPY-EURJPY-GBPJPY + all JPY pairs
- fxprocessor replied May 14, 2012
Sorry I don't predict... I will be looking for price action around the 1530 handle.
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied May 14, 2012
COT report gave excellent heads up to cable strength — The latest COT report gave excellent heads up to cable strength. GBP and JPY were the only ccy pairs to gain according to Fridays CFTC data. Nice price action setup this morning to give a ...
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied May 8, 2012
A nice price action setup at 1.3000 would be great :-) Price does not seem to have the momentum to leave the psych level.
EURUSD
- fxprocessor replied May 8, 2012
Dollar index and forex majors — The dollar index 80.00 level has provide resistance on numerous recent hits. I would not generally want to be buying dollars when this level is hit. It will eventually give way of course but has been robust.
Price Action Trading - Cross Currency/Market Analysis
- fxprocessor replied May 7, 2012
Price at gap open highs. 1.3000 price action looks to be key. US liquidity should bring some kind of direction.
EURUSD
- fxprocessor replied Apr 30, 2012
Large specs now net long — Large specs are now net long on the GBPUSD. Retail traders are shorting and usually get it wrong...
Cable Update (GBPUSD)
- fxprocessor replied Apr 29, 2012
GBPJPY 130.00 — Hi guys - Nice PPZ on GBPJPY around the 130.00 level with a 38.2 Fibonacci retrace closely aligned. The daily candle from Friday is quite bearish so a blind entry may be risky. PA at 130.00 could be of interest though.
james16 Chart Thread
- fxprocessor replied Apr 24, 2012
Hi, Sounds like a good setup. I like that the Kijun often aligns with prominent 50% retrace levels. The technicals aligned well with market sentiment on this occasion.. cheers FXP
USDJPY-EURJPY-GBPJPY + all JPY pairs
- Submitted Apr 23, 2012|From forex-fx-4x.com
The dollar index has found buying interest at the ascending trend line level we highlighted in the weekends update; this technical level was hit during the Asian session and the USDX found fresh upside momentum from the London open. This dollar ...
- fxprocessor replied Apr 20, 2012
EURJPY Price Action Reversal — This is about as good an entry it gets for my style of analysis/trading. EURJPY gave a price action entry long; a doji,hammer,pinbar type setup at a major psych level. Combine this with my preference for selling ...
USDJPY-EURJPY-GBPJPY + all JPY pairs
- fxprocessor replied Apr 20, 2012
USDJPY update — Time for an update. Post number 1 of this thread said "I will initially be looking for a move back down to the 80.00 area before considering any USDJPY longs at this stage". We had a move back to the 80.37 area and price is now ...
USDJPY-EURJPY-GBPJPY + all JPY pairs
- Submitted Apr 17, 2012|From forex-fx-4x.com|1 comment
EURJPY Technical Analysis Daily Doji/Hammer Around 105.00 EURJPY has printed a daily timeframe Doji around the 105.00 level. This candle also resembles a hammer/pinbar. This comes after a break below price structure support and 105.00 was seen ...
- Submitted Apr 15, 2012|From forex-fx-4x.com
Dollar/Yen - USDJPY is heading back towards the 80.55 price structure support level after failing to hold above the two day high at 81.12. Price moved as high as 81.19 before eventually ending the day with a 0.03% gain and closing near the open ...
- Submitted Apr 13, 2012|From forex-fx-4x.com
The USDX has seen a high momentum move to the upside from the 79.21 weekly range lows (previous daily highs from the 28th/29th March). This comes after our previous dollar index update said that any failure to hold at current levels may see a move ...
- fxprocessor replied Apr 12, 2012
Nice rally away from 1.3000 multi week support for EURUSD. 1.3290 has been a strong PPZ over recent weeks and may prove to be so again if hit.
EURUSD