Sunday, June 9, 2013

FX Updates

I am thrilled...

Look at the gravity..

USD/JPY
Daily Chart

USD/JPY
4 Hour Chart

The Yen currency has devalued to a point where a correction is needed.
I think USD/JPY still have range to fall, towards 93.00.

However, any fundamental changes would help to end this correction early.
I forecast market to resume uptrend to 104.20, and 106.30 after correction.


USDX

Take a look at US Dollar Index Daily Chart..


Market has fallen to EMA200, and some slim shadow over here... hope EMA200 (gold dash-dot line) work as a net - for USDX to bounce off to 82.00 then 82.70.

I reckon a sideways bias up movement for USDX.

Forecast market to resume downtrend after this bounce, towards 81.00 then 80.00 before July 2013.







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