EUR/USD 15/07/2010

EUR/USD

EUR/USD 01/06/2010

Breakdown.

USD/JPY 04/09/2009

We have a massive bullish falling wedge formation on UJ (4H). A break above the upper trend line will be bullish in the short term.

USD/JPY 04/08/2009

UJ is currently trading in the uptrend channel on 4 hour chart. It seems to have created a partial decline. A break below the lower trendline could see further sell off towards the recent low of 91.72.



On the daily time frame UJ is trading between the long term downtrend channel.

USD/JPY 02/06/2009

Previous post for UJ is here.
UJ seems to have completed the throwback. Target of 89-90 remains intact. The downward pressure will get escalted once the price breaks 95.173 and 93.820.

USD/JPY 28/05/2009

UJ touched the low of 93.845 before resuming upwards. Currently it is doing a throwback to the neckline for the H&S on daily chart. Neckline resistance is at 97.250. A new short trigger is probable once it resumes downwards below the neckline. Midterm target remains 89-90.

USD/SGD 22/05/2009 - Update

Previous update for USD/SGD is here.
Now at 1.4462, USD/SGD is very near the TP of 1.44. Most likely I will close this position today.

USD/JPY 15/05/2009

We have lower lows and lower highs. It has broke the support level. It might be headed towards 89-90 in the mid term.

USD/JPY 13/05/2009

UJ met TP of 96.248 as per my earlier post.

USD/JPY 12/05/2009

UJ has formed a double top on 4h. It has broken below the support giving the price target of 96.248.

USD/SGD 10/05/2009

Previous post for USD/SGD is here.
I am still holding shorts on USD/SGD and it is on track towards the TP of 1.44.

USD/JPY 29/04/2009

UJ 4Hr chart has remained in the downtrend black channel. If wave 4 as indicated is completed, we may soon see a down leg for wave 5. However, if the channel upper trend line is breached we may see price move further up.

USD/SGD 24/04/2009

USD/SGD: I can see Head and Shoulders pattern unfolding here. The neck line has already been breached today which means short entry has been triggered. We may see a pullback before falling further towards 1.44.

USD/JPY 18/04/2009

UJ has completed the 5 waves, the correctives have begun. We may see a top at wave b followed by a down wave c.

USD/JPY 10/04/2009

We have higher highs and higher lows on UJ. Currently wave 5 seems to be unfolding which should give us more upside before the corrective waves begin.

USD/JPY 04/04/2009

UJ is up 191 pips since the last update. I am holding onto the longs. We also see inverse head and shoulder pattern unfolding.

USD/JPY 31/03/2009

UJ has descending broadening formation with a partial decline around 96. It has broken out above 98. It may continue moving upwards in the near term.

USD/CHF 19/03/2009

USD/CHF broke out of the broadening channel, I have entered a short trade with a trailing stop running.

USD/JPY 16/03/2009

We have a rising wedge formation unfolding on UJ on hourly. Prices might bounce of the trendline below and test the trendline above. I will stop the longs if the price breaches the 200MA.

GBP/JPY 15/03/2009

GJ has been trading in a tight range on 5 mins chart. Nice triangle formation too. We may see a break-out of the triangle as we near the apex.