FXCM Expo Videos
Innovative Techniques with Traditional Technical Indicators
Trading with the Elliott Wave Principle
Seeing the Forest from the Trees: An Analysis of Global Markets
Afternoon Technicals (all charts)
The EURUSD has returned to the near term high risk area for bulls. The level is defined by the 10/5 high and 61.8% retracement of the decline from the high. While pattern and momentum are broadly bullish, there remain plenty of short term possibilities (triangle for example). For this reason, my stop on the long has been moved to 13014.
-AUDCHF-testing the much discussed 9510 level – this is support. If a larger rebound is in the works then we should know in the next few days.
-EURJPY-has entered a short term high risk area for bulls. 10322/30 is expected resistance if reached (high today is 10307). 10247 is near term support.
EURUSD – 240 Minute Bars
Prepared by Jamie Saettele, CMT
AUDCHF – Daily Bars
Prepared by Jamie Saettele, CMT
EURJPY – Daily Bars
Prepared by Jamie Saettele, CMT
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele
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Jamie is the author of Sentiment in the Forex Market.
Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.
