Here is the 4-hour chart of AUDUSD. Just like last week, everybody was watching/talking about the daily pin bar, now we are presented with a obvious Head and Shoulder formation� in H4 chart.� I like the fact that 1.04 support is now broken, I am looking at further downside.
Here is the …. CHART.
Here is the $NZDJPY daily chart after NY session close yesterday. Very nice reaction at 65.50 ish zone. The major roadblock is seen at 64.30 ish zone now. It is a strong support zone formed by previous highs.
Here is the…..CHART!
NZDJPY looks interesting to me. A potential short. Just be aware high impact events (FOMC statement) later today.
A late post. I was watching potential Long setup of of EURSGD at the retest of previous resistance zone. Initial target is to test 1.59, and next is 1.6. Let’s see how it goes.
Here is the ….. CHART!
$EURJPY had a nice break out from the range yesterday. A potential entry area will be around 99 if you are trading pullback. Just be aware, in daily time frame, 200 moving average and potential resistance zone are sitting around 101.
Here is the CHART!
Have a good weekend!
OK, I am still on vacation. Reading some charts while the missus and the kid are still in bed. I am interested in establishing short $USDSGD at current level. Of course, if it failed, the next level I am watching is slightly above 1.26.
Anyway, here is the chart.
[tab: Setup]
[tab: Update 08 September 2012]
Here is the updated chart of USDSGD. The pair failed to break abvoe 1.2560, and downtrend resumes. It broke the last swing low last week. Let’s see how far it can go from here.
