USDJPY Technical Analysis on 31st January (updated) - forex trading courses in kenya

USDJPY Technical Analysis on 31st January (updated) ~ forex trading courses in kenya

The Pair is Bearish Now and May Touch 90.50 line

After a big bullish run , USDJPY feeling Strong Resistance @ 91.40 level. Yesterday (30.01.2013) , the pair try to cross the level many times . After GDP data, it certainly falls to 90.80 line but again recover and reach 91.26 level. But from the Thursday morning trades , strong bearish pattern build up on USDJPY counter. The price may reach fibo 76.4 that mean it will touch 90.75 level very soon.

 If Price able to rebound from this FIBO , it may turn to positive again . But if it failure to rebound , it will go towards fibo 100 and may cross 90.50 line .

Trading Strategy :-
SELL USDJPY 91.26 TARGET 90.80, 90.50 , 90.25 SL 91.40

Alternative Scenario:-
BUY USDJPY 91.45 TARGET 91.60 , 91.85 SL 91.25

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USDJPY Technical Analysis Trend on 29th January (updated) - forex trading courses lebanon

USDJPY Technical Analysis Trend on 29th January (updated) ~ forex trading courses lebanon

Important Trading Point 91.00

Possible Chance to Go South & May reach 90.10

After a long Run and bullish bias trading , USDJPY now facing some weakness and losing its momentum. The pair now trading in correction mood . From Monday trading its continue going towards south. The pair already build  bearish candlestick formation . At the point main Pivot point is 91.00 .

Trading Tips:-
Sell USDJPY @ 90.85 TARGET 90.50, 90.20 , 89.90 SL 91.15

Alternative Scenario:- 
BUY above 91.15 TARGET 91.30 , 91.50

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EURUSD Technical Analysis On 31st January (updated) - forex trading courses johannesburg

EURUSD Technical Analysis On 31st January (updated) ~ forex trading courses johannesburg

EURUSD Hit Double Top and Possible to go Down

"Double Top Pattern" Seen in EURUSD counter at 135.82 line. So it clear that EURUSD has big resistance in this level. And has possibility to go down today towards 1.3510 line. Weekly solid up side movement now end and the pair going to take some correction toward south side.

Trading Tips:-

SELL EURUSD Below 1.3585 TARGET 1.3535 , 1.3510 

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Alternative Scenario:-

BUY EURUSD Above 1.3595 TARGET 1.3610, 1.3635

More info for EURUSD Technical Analysis On 31st January (updated) ~ forex trading courses johannesburg:

AUDUSD Technical Call After NAB Business Confidence Index 29th Jan (updated) - forex trading courses london

AUDUSD Technical Call After NAB Business Confidence Index 29th Jan (updated) ~ forex trading courses london

Bullish Bias after NAB Report

Simple Open BUY strategy on AUDUSD

After dip Cut in AUDUSD counter , now the pair seen big support on 1.0380 range. Australian Dollar now in positive mode against all other major currency just after release NAB Business Confidence index. National Bank of Australia release report on  Tuesday morning that Business confidence index rose to +3 from -9 in November.

Trading Strategy :-
BUY AUDUSD @ 1.0425 TARGET 1.0460, 1.0485 SL 1.04

Alternative Scenario:-
SELL Below 1.0400 TARGET 1.0380, 1.0365 SL 1.0425

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