Thread: Discuss all about FX open

Originally Posted by primarylogic

I short E/U and G/U today.
Give up to trade UJ, it's not a good time now.

GU will continue to down, I think it will down to 1.9500 around. :)

for UJ, I think can long UJ and got about 50 pips then you can close and short UJ

Originally Posted by primarylogic

yes, i think so, i'm waiting to short USD.

i don't think so.

USD still strong for rebound with falling of commodities price report such as gold and oil.

[quote= ]
Dollar Extends Rally on Falling Commodity Prices

Dollar maintains momentum and rebounds further with support of retreat in commodity prices. Crude oil dropped further to around 142 a barrel level while gold dives to as low as $915. There are also additional support to the greenback on speculations that the G8 group, which starts a 3 day meeting in Japan today, will produce some dollar supportive noises in addition to the expected messages on concerns of increasing risks of energy and food inflation. Dollar's strength is most obvious against commodity currencies as well as the Japanese yen.
[quote]

USD/JPY price is trying to work out yesterday's local divergence; however it is still moving within the trend channel. Price is moving between the MA lines, which can be the signal of markets correction, but MACD is below 0 level (tending up though), which can be the signal of continual down move.
If price goes above 107.31 it may come up to test the upper channel line and the resistance at 107.73.
I feel if the price goes below 106.90 and settles below the lower trend channel line, its target level will be the support at 106.58 and then 106.21.
Movement:
- Sideway (possible down)
Resistance:
- 107.31
- 107.73
Support:
- 106.90
- 106.69
- 106.58
- 106.21

Originally Posted by ashokshetty

GU will continue to down, I think it will down to 1.9500 around. :)

yes, i think so, i hold a short G/U position now.

[quote=Alizain;285547]i don't think so.

USD still strong for rebound with falling of commodities price report such as gold and oil.

[quote= ]
Dollar Extends Rally on Falling Commodity Prices

Dollar maintains momentum and rebounds further with support of retreat in commodity prices. Crude oil dropped further to around 142 a barrel level while gold dives to as low as $915. There are also additional support to the greenback on speculations that the G8 group, which starts a 3 day meeting in Japan today, will produce some dollar supportive noises in addition to the expected messages on concerns of increasing risks of energy and food inflation. Dollar's strength is most obvious against commodity currencies as well as the Japanese yen.

yes, you are right, I made a wrong judgement of UJ.
USD strong now.

Don't worry. The market is hard to judge while stuck in tight range like this. :)

Originally Posted by rebateFX

Don't worry. The market is hard to judge while stuck in tight range like this. :)

yes, UJ still can't break MA200 on daily charting.

Originally Posted by primarylogic

yes, UJ still can't break MA200 on daily charting.

maybe i need your next analyze for UJ, cause i have plan to trade it in next and want to read few analytics :). Thank's before.

Originally Posted by Alizain

maybe i need your next analyze for UJ, cause i have plan to trade it in next and want to read few analytics :). Thank's before.

In my opinion, the big trend is 110, but I cant catch the details now.
The chart of daily stil in shocking.