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Chart of the Week
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USD and JPY are Safe Heavens
Mon, Sep 8 2008, 15:48 GMT
by Tatsuya Kawanishi
EUR/USD : Key level
The pair has found a support at 1.4164 and still reminds bearish sentiment. MACD is in the negative territory and a bullish cross over is not seen yet, while CCI argues that a higher lower is seen as a bullish divergence. A break of the support at 1.4164 is considered a trigger for further downward movement. Next support is seen at the late 1.3900 region. On the other hand, if the pair gets a good support from here, the pair would show corrective movements towards the red projected line and the initial downtrend orange line).
- Resistance : 1.4460/70, 1.4800, and 1.4910/20
- Support : 1.4164/70, 1.3960/70
GBP/USD : Upwards potential
The GBP/USD has hit a low at 1.7533 and bounced back to the 1.7600 region. CCI got out of the the oversold condition territory and is rising gradually. A break of the projected line suggests further corrective movements. 1.8500 would be considered as a target (fibo 31.8%).
- Resistance : 1.7900, 1.8200/10, 1.8330/40, 1.8530.
- Support : 1.7530/40, 1.7300.
USD/JPY : Swing in the range
The USD/JPY has moved sideways in a rage of 500 pips between 105.50 and 110.75. Currently the pair is hovering the key level at 108.40/50. CCI positive divergence is confirmed, suggesting upwards movements . MACD is still moving sideways, slightly upwards.
- Resistance : 109:50/60, 110,60/70
- Support : 108.40/50, 107.50, 106.00
USD/CHF : Downwards potential
Last week, the USD/CHF has broken a resistance and has keep moving up. As CCI has gotten into the overbought territory, the pair might show a corrective movements in the coming days. Immediate resistance is seen at 1.1317, while s support is seen at 1.1130.
- Resistance : 1.1317, 1.1350/60, 1.1400
- Support : 1.1130, 1.1100, 1.0870/80
Published on Mon, Sep 8 2008, 15:48 GMT
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Unwinding Carry Trades Make The Low Yields Gain
Mon, Sep 1 2008, 10:01 GMT
by Tatsuya Kawanishi
EUR/USD : Key level
The pair has fallen over 1,300 pips since July and is still showing bearish sentiment. Although a bullish cross over is seen in MACD, CCI suggests downwards movement. Resistance is seen at 1.4800/10 while dynamic support is at 1.4600/10. A break of the projected line (purple) is considered a trigger for further downward movement.
Resistance : 1.4800/10, 1.4910/20 Support : 1.4600/10, 1.4430/40
GBP/USD : Tumbling in a free fall
The GBP/USD has been tumbling in a free fall. CCI is about to reach the oversold condition territory. Bearish momentum is not like to end any time soon. Currently the pair is hovering the key support level at 1.8000.
Resistance : 1.8200/10, 1.8330/40 Support : 1.8000/10, 1.7730/40, 1.7600/10
USD/JPY : Key level
The USD/JPY has slightly moved down in a last couple of weeks. The pair has found a difficulty in breaking through the tough area around 110.40/60. CCI has gotten into the oversold condition territory. MACD is still declining gradually. If the pair gets a good support around 107.20/30, we might see the pair challenging the tough resistance level. On the other hand, if we see a break of the support, 106.50 and 106.00 would be good targets.
Resistance : 108:50/60, 110,40/60 Support : 107.20, 106.50, 106.00
USD/CHF : Has waffled
The USD/CHF has broken the blue projected line. CCI negative divergence is seen and MACD negative cross over is confirmed. Although the 2 indicators suggest downward movement, the pair still has upside potential. Key support is seen at 1.0910. while dynamic resistance is seen at 1.1040/50.
Resistance : 1.1040/50 Support : 1.0910, 1.0830/40
Published on Mon, Sep 1 2008, 10:01 GMT
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USD/JPY
Mon, Aug 11 2008, 12:11 GMT
by Tatsuya Kawanishi
The daily USD/JPY draws a steady uptrend line. CCI just got out of the oversold condition. A short term target would be the dynamic resistance at 110.40/50 if the pair keeps a strong upside potential. A break of the resistance suggest that pair would challenge the next resistance at 112.00 short/mid term. If we see a corrective move, a considerable target would be 109.00/10 followed by 108.50/60.
- Resistance : 110.40/50, 112,00
- Support : 109.00/10, 108.50/60
Published on Mon, Aug 11 2008, 12:11 GMT
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Majors
Mon, Jul 7 2008, 09:30 GMT
by Tatsuya Kawanishi
EUR/USD
The EUR/USD (daily chart ) is seen as negative. The pair has been moving sideways in a rage of 600 pips last 2 months. Dynamic resistance is seen at 1.5905/10 while support is at 1.5340/50. A bearish cross over is not seen yet in MACD. CCI is considered as negative though ( Currently CCI is below the 0 level. A break of the middle band suggests further downwards movement.
- Resistance : 1.5820/30, 1.5905/10
- Support : 1.5600/10 ( middle band), 1.5340/50 (lower band)
GBP/USD
The GBP/USD has been falling after hitting the dynamic resistance. CCI shows bearish momentum . A bearish cross over seems about occur. 1.9700 is a key support level. If we see further bearish momentum, breaking through the support, a lower band (1.9400/10) would be considered as a next target.
- Resistance : 1.9980/90
- Support : 1.9700, 1.9400, 1.9375/85.
USD/JPY
The USD/JPY draws a steady uptrend line. CCI has moved cross over the 0 line and MACD bullish divergence seems about to occur. A short term target would be the dynamic resistance at 108.55/60 if the pair keeps a strong upside potential. A break of the resistance suggest that pair would challenge the next resistance at 112.00 short/mid term.
- Resistance : 107.60/70, 108:50/60, 112,00
- Support : 105.23, 102.70
USD/CHF
The daily USD/CHF shows a gradual down trend channel with a range of 400 pips. Last week the pair hit the lower projected line and then rebounded dramatically 200 pips. Currently the pair is challenging to break the middle band at 1.0300/10. A break of the middle band would suggest further upward movement. Next target would be the upper projected line at 1.0470/80. CCI is rising gradually and MACD positive divergence might be seen soon.
- Resistance :1.0300/10, 1.0470/80
- Support : 1.0110/20
Published on Mon, Jul 7 2008, 09:30 GMT
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Dynamic Support
Mon, Jun 30 2008, 08:43 GMT
by Tatsuya Kawanishi
The USD/JPY have moved down radically after hovering below just below the dynamic resistance at 108.50/60. Currently the pair is touching the dynamic support line at 105.40/50. CCI shows that the pair has reached the oversold condition. We may see the pair bounce from here. However, MACD and Bollinger band argue that the the pari might have some more space downwards. MACD shows bearish crossover and bollinger band suggests next taraget level around 104.00 region. The pair is now staying the interesting level. Let's see if the pari breaks the dynamic support or not.
Momentum: Bearish.
Support at 105.40/50, 104.40/60, 104.00
Resistannce at 106.60/70, 107.10/20, 108.50/60.
Published on Mon, Jun 30 2008, 08:43 GMT
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Will Come Into Play
Mon, Jun 16 2008, 10:08 GMT
by Tatsuya Kawanishi
The EUR/JPY Daily broke the dynamic ressitance ( red downtrend line). Immediate resistance is seen at 167.15. If it breakes the current level, the pair may challenge the next resistance at 167.50/60 and at 169.00. MACD is positive and stillrising gradually (divergence is not seen). CCI is about to reach the overbought condition. Tha pair has been rising following the upper bollinger band. Downward movement is not confirmed though. If we see corrective movement, potential targets would be 165.50/60 and 165,00.
Support : 165.50/60, 165.00
Resistance: 167.15, 167.50/60, 169.00
Published on Mon, Jun 16 2008, 10:08 GMT
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Head and Shoulders Pattern?
Mon, Jun 9 2008, 08:40 GMT
by Tatsuya Kawanishi
The EUR/USD (daily chart) shows a bullish momentum. 1.5350/60 is seen as a dynamic support (Neck line) and shoulders line is considered at 1.5800/10 level. MACD positive divergence was confirmed and a positive cross over is currently seen. This early morning in the European Session (at 07:30 GMT , June 9), the pair broke the shoulder line and got into the 1.5800 region. If we see further bullsih momentum, the pair mgiht form a head and shouilders pattern. Fisrt target would be 1.5900 level and then the previous high in April at 1.6019 while 1.5350/60 would be considered as a target if the pair shows a bearish momentum.
Resistance : 1.5900 and the previous high at 1.6019.
Support : 1.5800 (shoulders line) and the dynamic support (neck line) at 1.5350/60.
Published on Mon, Jun 9 2008, 08:40 GMT
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The Decelerating GBP/JPY?
Mon, Jun 2 2008, 09:43 GMT
by Tatsuya Kawanishi
The GBP/JPY fell to follow up with the blue projected line in early May, though, we have seen the pair move upwards and hit a high at 209.39. Today (June 2) the early European session, the pair fell sharply over 200 pips. Macd is still in the positive territory heading to the center line gradually. Neither divergence nor bearish moving average corss over have been confirmed yet. CCI is going downwards.
The resistance is considered the monthy high at 209.39. If we see furhter bearish momentum, the first testing level would be the yellow projected line. Also, 202.84 (fibo .618), 200.89 (fibo . 500), and 198.85 (fibo .382) would be potential targets.
Published on Mon, Jun 2 2008, 09:43 GMT
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USD/JPY
Tue, May 27 2008, 09:29 GMT
by Tatsuya Kawanishi
The USD/JPY daily chart has shown a clear downtrend line since July 2007. The pair hit a remarkable low at 95.62 in March and then moved upwards to the the projected line, drawing a new uptrend line. In early May, the uptrend was broken through and the pair fell to the support at 102.50/60. Macd is moving sideways in the positive territory (divergence is not seen yet). CCI got out of the oversold condition and is now moving upwards, suggesting 10.93. The current situation is considered as neutral. Support is seen at 102,50/60, while the initial downtrend line is considered as resistance (105.00 region).
Focusing on the 60 minutes chart, we see the pair drawing a gradual downtrend line (blue line). Macd divergence is seen. CCI argues with MACD. CCI is about to get out of the overbought conditon. A break of the projected line suggests that the next target would be 105.00 level. On the other hand, if we see downward pressure, 103.00 and 102,50/60 would be considered good targets.
Published on Tue, May 27 2008, 09:29 GMT
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The Cable Turns Up?
Fri, May 16 2008, 12:28 GMT
by Tatsuya Kawanishi
The Cable daily chart has shown a downward movement of 1,000 pips within last 2 months from 2.0400 to 1.9361. As you see, the cable has been supported roughly 4 times by the support area around the 1.9350 level. This support area seems a pretty reliable and a good entry level. 50 and 200 SMAs keep moving down though. Macd hidden diovergence is confirmed. CCI is getting away from the oversold conditon area and moving upwards to the center line. If we see further upward momentum, 1.9600 and 1.9800 would be good targets. On the other way around, a break of the support area would suggest further downward movement.
Published on Fri, May 16 2008, 12:28 GMT
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Good uptrend
Fri, May 2 2008, 15:30 GMT
by Tatsuya Kawanishi
The USD/JPY daily chart shows a good uptrend line after hitting at 95.71. The pair touches the upper band of bollinger bands. Further, CCI is getting close to the overboguht conditon. Thus, it may not be a good idea to go for long now. It would be better to wait the pair pullback to the uptrend line and test it.
Bullish momentum is not likely end soon. If we keep seeing bullish momentum and further upward pressure emerges , 107.00 region would be a good target
Published on Fri, May 2 2008, 15:30 GMT
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Technical believers
Fri, Apr 25 2008, 14:49 GMT
by Tatsuya Kawanishi
The the EUR/JPY daily chart shows a great down trendline. Drawing trendlines seems simple and easy to see supports and resistances. Furthermore , it is very reliable. Since last October this downtrend line ( resitance ) has never broken through, although the pair tired 4 times. After hitting the resistance twice on 22 and 23 April, the pair started to show a corrective move ( over 200 pips down ). Macd shows a hidden divergence. First target would be the uptrend line ( line colored in pink ) at 162.00. If we see further downward move and a break of the uptrendl ine, 158.70 and 155.00 would be considered as potential targets
Published on Fri, Apr 25 2008, 14:49 GMT
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Strong Resistances
Fri, Apr 11 2008, 15:19 GMT
by Tatsuya Kawanishi
The USD/JPY 60 mins chart shows 2 strong resistances, at 102.84 and at 101.94. The first half of the week, the pair fluctuated between 101.94 and 102.84 ( a range of 90 pips ) trying twice to break through the price at 102.84. It was impossible to make further upward movement to break it. Adversely, strong downward pressure emerged and pushed the pair downwards to the 100,00 region. After hitting the week low at 99.99, the pair showed a nice reversal. However, we see the strong resistance area between 101.90 and 102.20. The pair was pushed back again 100.00 region. Macd is positive but declining gradually. Looking at CCI, it just got out of the ovesold condition. The price around 100.70 to 50 could be a nice support level, although the downward pressure is not like to end any time soon. If we see further downward move, next support would be at 100.00. on the other hand, if the pair recovers, it may challenge to break trhough the resistance area between 101.90 and 102.20.
Published on Fri, Apr 11 2008, 15:19 GMT
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Strong Resistances
Fri, Apr 4 2008, 14:22 GMT
by Tatsuya Kawanishi
The USD/JPY 60 mins chart shows 2 strong resistances, at 102.84 and at 101.94. The first half of the week, the pair fluctuated between 101.94 and 102.84 ( a range of 90 pips ) trying twice to break through the price at 102.84. It was impossible to make further upward movement to break it. Adversely, strong downward pressure emerged and pushed the pair downwards to the 100,00 region. After hitting the week low at 99.99, the pair showed a nice reversal. However, we see the strong resistance area between 101.90 and 102.20. The pair was pushed back again 100.00 region. Macd is positive but declining gradually. Looking at CCI, it just got out of the ovesold condition. The price around 100.70 to 50 could be a nice support level, although the downward pressure is not like to end any time soon. If we see further downward move, next support would be at 100.00. on the other hand, if the pair recovers, it may challenge to break trhough the resistance area between 101.90 and 102.20.
Published on Fri, Apr 4 2008, 14:22 GMT
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Double Top?
Fri, Mar 28 2008, 15:03 GMT
by Tatsuya Kawanishi
The EUR/USD 60 minutes chart shows a “Double Top Pattern” where a correction could be seen from there. We have seen the strong EUR again this week. The week high was 1.5859 ( Mar 26 ), while the week low was 1.5360 ( Mar 24 ). The pair has fluctuated in a range of 500 pips. Now the pair seems have difficulty in breaking throught the blue resistance line. Macd is positive but declining gradually. If the pair climes up around the blue line, that would be a good entry for short. Also, a break of 1.5720 could be a trigger for an entry. 1.5520 and 1.5360 would be considered as a good target if we see further bearish momentum.
Published on Fri, Mar 28 2008, 15:03 GMT
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Reversal?
Fri, Mar 14 2008, 15:13 GMT
by Tatsuya Kawanishi
The USD/JPY 60 min chart has shown a clear downtrend channel of a 200 pips-range. On Mar 13, storng downward pressure bounced the pair out of the channel and established a remakable low price at 99.75. The pair did not break the support level at 99.75 although it tried twice. That could be seen as a “Double Bottom Pattern” where a bounce back is often seen.
The downtrend line is not likely to end any time soon. However, the pair is now trying to get back inside the projected line of the downtrend channel. Once the pair gets back inside the channel, it might move upwards. The 102.00 region would be considered as a traget. If we see further bearish momentum, the price between 99.80 and 100.00 would be a good entry for a long position.
Published on Fri, Mar 14 2008, 15:13 GMT
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EUR/JPY
Fri, Feb 29 2008, 17:01 GMT
by Tatsuya Kawanishi
The EUR/JPY ( daily chart ) touched the upper band once and now has moved down below the 200 EMA ( green line) towards to the 157.00 region. The pair seems have further bearish momentum so far. The 157.12 would be a good support line. If the pair breaks it, the 156.00 region and the 155.00 region where the lower band is currently staying could be considered.
Published on Fri, Feb 29 2008, 17:01 GMT
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NZD/USD
Fri, Feb 22 2008, 17:08 GMT
by Tatsuya Kawanishi
The NZD/USD daily chart seems to follow a pattern that goes up and down with in a uptrend channel of a 400 pips- range. The pairs has moved up straight forward to the resisntace line since January. The resistance ( peak price ) at 0.8109 was made last July in 2007. Now the pair is very close to it. If we see the strong resistance at 0.8100 region where the NZD/USD can not break out, the pair might change the direction downwards to the support line ( the bottom line of the channel ).
If so, the price at 0.7800 region could be a primary target.
Published on Fri, Feb 22 2008, 17:08 GMT
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GBP/CHF
Fri, Feb 15 2008, 14:21 GMT
by Tatsuya Kawanishi
GBP/CHF 60 minutes-chart shows a nice downtrend channel with a 500 pips- range. After hitting at the week high at 2.1844, the pair got into back to the channel and shows a bearish momentum. RSI shows a oversold condition, and MACD is negative and declining sharply. The center red line ( support line ) seems to be broken. If further downward momentum emerges, the projected line of the downtrend channel ( third line : the 2.1200 region ) would be a traget.
3 Moving Averages of 13, 21 and 51 EMA are drawn in red, blue and black respectively.
Published on Fri, Feb 15 2008, 14:21 GMT
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USD/JPY
Fri, Feb 8 2008, 16:26 GMT
by Tatsuya Kawanishi
The USD/JPY hourly chart showed an over 150 pips-spike hitting a weekly high at 107.83 yesterday ( Feb 7th ). After that, the pair has been hovering in the 107 region. The price at 107.09 ( Fibonacci retracement 38.2%) seems to be a good support level, while the price at 107.83 seems to be a tough resistance level. MACD is positive but declining gradually. If further bearish momentum emerges, the price 106.86 ( Fibonacci retracement 50% ) and the price at 106.61 ( Fibonacci 61.8% ) would be the targets.
Published on Fri, Feb 8 2008, 16:26 GMT
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EUR/JPY
Fri, Feb 1 2008, 16:41 GMT
by Tatsuya Kawanishi
The EUR/JPY (daily chart) has fallen 1,400 pips after hitting the blue resistance line at the end of 2007. The pair once hit the bottom at 1.52070 and is now showing a great bounce. Today ( 15:30 GMT, Feb 1 ), the pair has just touched the green uptrend line, pricing at 157.010. It may get some support from here. Looking a the MACD, a golden cross ( long sign ) is seen. If the green uptrend line supports the pair, the 159.60 region would be within a first target.
Published on Fri, Feb 1 2008, 16:41 GMT
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Dead Cross
Fri, Jan 18 2008, 14:07 GMT
by Tatsuya Kawanishi
The Cable daily chart has kept moving downwards after hitting a record high at 2.1166 in Nov 2007. Today ( 12:30 GMT ,Jan 18 ), the Cable showed a sharp fall of 200 pips right after the release of U.K. Rerail Sales which marked the biggest declined since Jan 2007 ( 2.7% ). The strong downward momentum is not likely to end soon with . In the chart, we can see the dead cross ( 2 Expotential Moveing Averages of 50 and 200 are drwan in blue and red repectively ). However, it may be too early to be confirmed for a short signal as the 50 EMA just borke donwards the 200 EMA. We may better wait the further downward acceleration 50 EMA.
Published on Fri, Jan 18 2008, 14:07 GMT
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EUR/USD
Fri, Jan 11 2008, 16:23 GMT
by Tatsuya Kawanishi
A gradual downtrend channel within a range of 600 pips is seen in the EUR/USD daliy chart. After hitting the record high at 1.4969 in November 2007, the pair moved down to the bottom line of the channel. The pair has now climed upto the resistance line of the downtrend channel (top line), challenging to break it. Macd stays in the positive area and is rising sharply. The strong bullish momentum is not likely to end soon at the urging of the weak USD. If the pair breaks the resistance level, the 1.4900 region would be the next target.
Published on Fri, Jan 11 2008, 16:23 GMT
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USD/JPY
Fri, Dec 14 2007, 17:21 GMT
by Tatsuya Kawanishi
Since July the USD/JPY daily chart has shown a gradual downtrend channel within a range of 700 pips. Although the pair got out of the the channel twice in August and in November, it immediately got back into the channel. The pair has climed up since the end of November corresponding to the oil prices and the US fundamental data. The strong bullish momentum is not likely to end soon. The resistance line of the downtrend channel (first line) would be the next target at the 114.00 region.
3 Moving Averages of 13, 21 and 51 EMAs are drawn in blue, red and black respectively.
Published on Fri, Dec 14 2007, 17:21 GMT
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The Cable
Fri, Nov 30 2007, 17:53 GMT
by Tatsuya Kawanishi
The Cable has moved within a 200 pips range this week. We saw the orderly decline in the value of the USD that moved within the down trend channel. However, once the pair broke the projected line of the channel and marked the bottom at 2.0579 at 8.15 GMT, Thursday on Nov 28th , a spike hit the week high at 2.0834.
After hitting the week high, the pair has shown a shapr decline and fluctuates just above the channel. The Cable might get back inside the channel, and we would see it move downwards within the downward channel.
3 moveing averages of 13, 21 and 51 EMA are drwan in red, blue and black repectively.
Published on Fri, Nov 30 2007, 17:53 GMT
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Reversal
Fri, Nov 16 2007, 15:12 GMT
by Tatsuya Kawanishi
USD/CAD has shown a downtrend line since the start of the year. The Dead Cross clearly confirmed the downward momentum. Expotential Moving Averages of 50 and 200 are drawn in blue and red respectively. Now the pair has shown a sharp reversal after having established a record low at 0.9048. The price at 1.0472 ( Fibonacci Retracement ratio 50%) would be within the target if MACD shows further upward momentum.
USD/CHF also has shown a downtrend line since June. The downtrend line is not likely to end any time soon. The projected line of the downtrend channel (second line) was broken by further downward pressure at the start of November. However, the price at 1.1172 is now seen as a strong support. The pair fluctuates with low volatility just above the support and might get back into the channel from here. Or the pair may show a sharp reversal like USD/CAD.
Published on Fri, Nov 16 2007, 15:12 GMT
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Sharp Fall
Fri, Nov 9 2007, 17:53 GMT
by Tatsuya Kawanishi
The price movement of GBP/JPY has a shape similar to the price movement of USD/JPY. The correlation calculator clearly shows that USD/JPY and GBP/JPY is positive correlation.
| Correlation | 1 hour | |
| USD/JPY | GBP/JPY | |
| USD/JPY | 100.0 | 89.1 |
| GBP/JPY | 89.1 | 100.0 |
The only difference can be seen as a “Pips-range. This week USD/JPY has moved within a range of 390 pips, while GBP/JPY has fluctuated within a range of 700 pips. In other words, GBP/JPY has more volatility than USD/JPY. The first half of the week both USD/JPY and GBP/JPY moved sieways just below the resistance levels at 114.81 and 239.67 respectively. On 7th, the emerged down pressure started pushing down GBP/JPY. The downtrend line is not likely to end any time soon. Furthermore GBP/JPY showed a shap fall of over 600 pips on Nov 9th. Now the pair seems to be bouncing back after hitting at 231.03. A break of the resistance level at 232.70 may lead further correction.
Published on Fri, Nov 9 2007, 17:53 GMT
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Strong CAD dollar
Fri, Nov 2 2007, 14:48 GMT
by Tatsuya Kawanishi
USD/CAD established a record low at 0.9323 at 13:45 GMT on Friday at Nov 2nd. What strengthens the CAD? Just a relative strengthdriven by the US prolonged recesion? Although the answer is not simple, several points can be considered. First thing that we should consider is the unprecedented high oil price. Canada is the world´s fourteenth largest producer of oil. A strong oil demand appreciates, or is bullish fot the CAD. Second , Canada is one of the world´s leading industrialized nations that did not send troops to Iraq. So Canada does not have any geopolitical risk so far. Substantive economic data clearly shows the growth of the Canadian Economy. The net change in employment rose by 63.0 K from previous 51.1 K.
The pair has kept drawing a clear downtrend line within a 130 pips range. On Friday, as the net change in employment and the unemployment rate released, USD/CAD showed a 130 pips fall.
The downtrend line is not likely to end any time soon. However, the pair is now back inside the projected line of the downtrend channel (third line), so it might get some support from here.
3 Moving Averages of 13, 21 and 51 EMA are drawn in red, blue and black respectively.
Published on Fri, Nov 2 2007, 14:48 GMT
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The EUR does not stop gaining versus the USD
Fri, Oct 26 2007, 12:06 GMT
by Tatsuya Kawanishi
We have seen the prolonged recession led by the credit crunch in the US, meanwhile the pair has been edging upwards after Monday's 220 pips sharp fall (downward correction ). The pair hit a new record high at 1.4377 on Friday 5:40 GMT, and still shows upward momentum.
The small fluctuation within a 70 pips-range has been seen after Monday due to the fact that next week we have the important economic data (the Fed´s interest rate announcement and the Non-Farm Payrolls) that leads to the hightened alert for the pair.
3 Moving Averages of 13, 21 and 51 EMA are drawn in red, blue and black respectively.
Published on Fri, Oct 26 2007, 12:06 GMT
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The appreciation of the JPY against the USD has deveploved
Fri, Oct 19 2007, 15:50 GMT
by Tatsuya Kawanishi
After USD/JPY hit a week high at 117.95 on Monday 15 Oct, the pair drew a gradual downtrend line within a rage 100 pips, going up and down the central blue downtrend line. However, the pair broke the constant downward movement on Thursday 18 Oct 8:30 GMT. Further downward pressure has increased. The support line and the key price at 115.34 were respectively broken. Currently, the blue downtrend line is seen as a resistance level, and the the pair fluctuates up and down the previous support line.
Published on Fri, Oct 19 2007, 15:50 GMT
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Both highly appreciated EUR and CAD will come up for discussion in G7
Fri, Oct 5 2007, 14:59 GMT
by Tatsuya Kawanishi
Both highly appreciated EUR and CAD will come up for discussion in G7 (Oct 19th to 20th in Washington). USD/CAD has established a historical rearod, while the EUR/USD smashes its own record high almost every day. This is because not only the U.S. credit crisis but also various factors, like the high oil price, the overall U.S.ecnomic ressesion , the enormous current-account deficit, and the relative weakness of U.S.status. USD/CAD has drawn a gradual down trend line since March. The pair had moved sideways around the price at 1.0567 from June to September. In the mid Sept, however, the pair fell down again with a new all-time low set today, October 5, @ 0.9850. It is unclear if this low will be a bottom for the USD or not.
Published on Fri, Oct 5 2007, 14:59 GMT
Archive
- USD and JPY are Safe Heavens
Published On Mon, Sep 8 2008, 15:48 GMT - Unwinding Carry Trades Make The Low Yields Gain
Published On Mon, Sep 1 2008, 10:01 GMT - USD/JPY
Published On Mon, Aug 11 2008, 12:11 GMT - Majors
Published On Mon, Jul 7 2008, 09:30 GMT - Dynamic Support
Published On Mon, Jun 30 2008, 08:43 GMT
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