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EUR/USD - Euro Dollar
Short term (Intraday)
1,3007. EUR USD broke 1,3010 support. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Oscillators are neutral. The downtrend should resume with more vigor.. The target is expected at 1,2850. The price should find a resistance below 1,3015. We could take a short position at 1,3010. We will put the stop loss above 1,3040 (-30 pips). The major target is 1,2850 (+160 pips). This is a dangerous trade, take care and put your stop loss.
Medium term (Daily)
EUR USD is in an uptrend supported by daily exponential moving averages. The volatility is low. Bollinger bands are drawing the trend. RSI goes out overbought state and give a negative signal. The price should consolidate.
Long terme (Weekly)
EUR USD is in an uptrend supported by weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bullish configuration. The uptrend should resume with more vigor..
Resistances
1,3010 - 1,3080 - 1,3120
Supports
1,2970 - 1,2850

Short term (Intraday)
102,62. USD JPY is in a range between 102,00 and 103,00. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The target is expected at 102,00. We won't take a position.
Medium term (Daily)
USD JPY is in an downtrend directed by daily exponential moving averages. The volatility is high. Bollinger bands are drawing the trend. MACD is in a bearish configuration. The downtrend should continue to gather momentum.
Long term (Weekly)
USD JPY is in an downtrend directed by Weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bearish configuration. The downtrend should resume with more vigor..
Resistances
102,60 - 103,00
Supports
102,20 - 101,80 - 100,00

I sold some USD/CHF at 1.1838, stop at 55

ok jm ,

right, time to get suited up for my trip to the smoke.

later mate

I've noticed that taking a position opposite to the 06:00 to 07:00/30 direction can often follow through nicely. So, today, to test out the phenomenon, I went short cable @ 18740.

Off to do some boring day job stuff so won't be able to check it until mid day.

Trade well guys and dolls.

That seemed to go well, taken 50 points profit before I've even left.

If I could do that every day I wouldn't complain.

mg, as ive mentioned b4 at the cost of some unrest on this thread the asain/europe handover normally provides great oppertunities..not everyday but more often that not..
well done.
mos

long $/Cad and/or short $/Yen possible best candidates?

hod dont trade thme to be honest below may help..?



USD/JP


Support is seen at 102.30 followed by 101.65 and 101.30. Key resistance was found at 103 followed by 103.25 and 103.60.
Current quote is 102.62.

Recommended trades:

Short at 102.80, t/p @102.50, s/l @103.00

USD/CAD

Current quote is 1.2299

Recommended trades:

Short at 1.2310, t/p @1.2255, s/l @1.2335

USD/CHF

Current quote is 1.1847

Recommended trades:

Short at 1.1895, t/p @1.1850, s/l @1.1915

Reversed my USD/CHF short at about 1.1851 before I left home for -13.

Mos, now I know what you meant by "ok jm"

lol

DAILY RECOMMENDED FOREX TRADE
Thursday, January 20, 2005 9:43 GMT
Daily Report
By FortKnox Trading
http://www.fortknoxtrading.com


USD / CHF
USDCHF is being traded in range between 1.1700 and 1.1900. The RSI in 4 hour and daily charts is around 60 while around 50 in weekly charts suggesting the range bound nature of USDCHF. While the currency stays in a range, it provides traders especially intraday traders to enter on any side of the range. Entry with tight stop is suggested and trailing stop might be used to extend the profit range.


Recommendation:

Sell USDCHF at 1.1902 with 40 pips stop (1.1942) and take profit at 80 pips (1.1822). Target is at 1.1763

jm, chf call is spot on good intra day play..

shrt chf @ 06

usd looking a bit punchy here....hmmm

mos
Having probs again getting into D4F so just got in and closed my USD/CHF at 1.1905. Nothing open at mo

jeff iam shrt ave now of 10..sld sme more @ 17 but not 100 %

jm, moved stop down to 05 to lock in sme profit ......