Daily Outlook
This report has been deactivated

0

0
USD/JPY daily
Fri, May 30 2008, 14:53 GMT
by Dimo Dimov
Karoll
I think that the last week’s movement was a bullish triangle in the position of wave B and the current rise is wave C. The reached high 105.86 already fulfilled the minimum requirement for the length of wave C but I am still not sure that there will be no more highs because of the corrective retreat from 105.86. A possible resistance level is 107.00 while the support level is 104.10. I prefer to be currently neutral but I will look for an entry level for a short position next week.
Trading strategy:10:30 EST; 15:30 GMT
The short position from 105.07 was closed at 105.47 with loss 40 pips
Stand aside
Published on
Fri, May 30 2008, 14:53 GMT
Archive
- EUR/USD
Published On Fri, Jul 10 2009, 08:23 GMT
- EUR/GBP
Published On Wed, Jul 8 2009, 12:29 GMT
- EUR/USD
Published On Fri, Jul 3 2009, 10:32 GMT
- USD/JPY
Published On Wed, Jul 1 2009, 07:55 GMT
- GBP/USD
Published On Thu, Jun 25 2009, 14:12 GMT
[ View All ]
Karoll Financial House
| 57 Hristo Botev Blvd., 1303 Sofia
http://www.karoll.net/ | office@karoll.net
Legal disclaimer and risk disclosure
This analysis has only informational and educational purpose and does not represent a trade proposal.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.