Forex Analysis by Muhammad Kazim

[muhammad kazim]

Euro / Yen Decline Will Continue Soon

Do not be fooled by the EURJPY rally back to 160. The larger trend is down, as evidenced by wave structure and the break of a 7+ year trendline. The decline should continue soon.

 

[Muhammad_27]

dlr nose-dived in Asia on cross buying in yen
(on the back of the strength in Asian currencies such Chinese yuan n Singapore
dlr) n hit an intra-day low of 100.03 in Europe, price then rallied in U.S.
session in line with the greenback's broad-based rebound n selling of yen on
renewed demand for carry trades.

kesimpulannya???:-? :-? :-?

 

[muhammad kazim]

BOE cut interest rates

The BOE cut interest rates yesterday for the third time since December to try and boost Britain’s faltering economy. The bank of England’s 0.25 per cent reduction to five per cent came amid deepening gloom over the credit crunch and housing prices

 

[muhammad kazim]

Euro Tip Of The Day

Buy Eurusd @1.5788, Sl @1.5773, Tp @1.5798

 

[muhammad kazim]

yen res/sup

Resistance/Support
R: 102.28/102.47/102.76
S: 101.58/101.30/100.73

 

[muhammad kazim]

EUR/USD res/sup

Resistance/Support
R: 1.5865/1.5915/1.5950
S: 1.5788/1.5725/1.5700

 

[muhammad kazim]

USD/CHF trade levels

Resistance/Support
R: 1.0090/1.0149/1.0173
S: 0.9975/0.9935/0.9888

 

[muhammad kazim]

GBP/USD res/sup

Resistance/Support
R: 1.9775/1.9792/1.9845
S: 1.9705/1.9680/1.9650

 

[muhammad kazim]

GBP/USD fall persisits.

Although cable has recovered after y'day's sell
off fm 1.9845 to 1.9745 n further consolidation abv
there is seen, as long as 1.9770/75 holds, intra-
day downside bias remains for another fall to said
sup but below 1.9680 needed for re-test of 1.9650

 

[zCk]

Ari ahad boleh open trade ker??