Archive for the Technical Analysis Category
US Corn, Wheat Futures – June 11: Technical Analysis
BY Jim Wyckoff
July corn on Wednesday closed lower and near the session low. The key “outside markets” were mostly bearish for the corn futures market, as the U.S. stock indexes were lower and the U.S. dollar was higher. Wednesday’s USDA supply and demand report was deemed neutral to friendly for corn, but the market could [...]
USD/JPY- Dollar rises above 97.75
By FXSTREET- The Dollar is picking up strength against the Yen and recovery from 97.10 intra-week low in Asian session has extended as the pair managed to break above 97.70 Asian session top.
Above 97.70, next resistance levels lie at 97.90/00, where the ppair stands at the moment, and above here, 98.25/30 and 98.75. On the [...]
Euro and Pound at Resistance Levels
FXstreet.com (Barcelona) – U.S. markets have opened on a moderately positive pace on Tuuesday amid cautious trading ahead of details of which U.S. large banks will repay Government’s TARP funds. Euro and Pound have picked up to resistance levels regaining some of the ground lost in recent declines.
Dow Jones Industrials index edges up 0.17%, while [...]
Risk / Reward Thoughts Going Into the NFP Data
Going into tomorrow’s US NFP data there are two themes driving my thinking. The first is that NFP Data is not nearly as significant a factor to the markets as it was two years ago when it was singularly the most important piece of data each month. The jobs report will show a huge loss [...]
GBP/JPY – Another Trade Idea
by: Back Bay FX
GBP/JPY has been trading in a range that is well-defined by the 2 hour time frame Bollinger Bands. In the below snapshot, the pair has bounces off the midline and seems to be continuing it’s move higher. Yet that midline is a very important level.
We will use a Buy Limit order to [...]
