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Yen Crosses Trendlines on Scene!

Tue, Sep 15 2009, 06:44 GMT
by Anthony Samaha

ForexSurvivor


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(15September Europe) Latest Impact: Yen Crosses Trendlines on Scene!

 

            Yen crosses are approaching August to the first week of September resistance trendlines which may allow ‘false-break’ studies. The yen crosses scenario is bearish.  EURUSD & USDCHF has formed a squeezing wedge that leads to setback & rally consecutively to 14440 and 10500. It is suggested avoiding the trade against the trend for now. NZDUSD may falter against 7050 to retrace back below yesterday low, and only a break above last week high nullifies the bearish scenario. Gold is giving up partially its gains and the market price may slide to 975 before a bounce attacking a new yearly high. Only a close back above 1007 nullifies the retracement scene.

 

 

 

 

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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

 

 

 

 

 

 


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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. **** Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

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