Monthly Archives: March 2008

morale boost..

enough la for today..my eyes are pedih already…huhu Scridb filter

weekly technical strategist..USDJPY only

USDJPY: Halts Weakness On Hammer Candle Pattern Formation, Begins Corrective Recovery. USDJPY- Having been on the offensive for the past four weeks, USDJPY saw a halt in that weakness after hitting its lowest price since Mar’1995 at 95.75.The mentioned stop in the current decline has seen the pair forming a hammer candle pattern, a bottom [...]

Fed cuts 75 bps

LONDON (Thomson Financial) – The dollar recovered slightly after taking a battering yesterday, but it remained weak in very cautious trade as investors awaited this evening’s meeting of the Federal Open Market Committee. Markets are now betting that the Fed will cut interest rates by as much as 100 basis points and there is a [...]

so far so good..

attached is my repo…ehhe just to share with u guys! got lost meh??? of course la…this is forex…not surekaye scheme!! Scridb filter

Weekly technical strategies

EURUSD: Remains On The Offensive, Continues To Set Higher Prices Upside: Break and hold above the 1.4955/67 zone. Holding at the present levels will put the next upside objective for the pair at 1.5700 and then the 1.5800 level, its psycho resistance zones. Downside: The 1.5600 level, its psycho support comes in as the initial [...]

the greenback crisis

Widespread concern about the outlook for the U.S. economy pushed the dollar to record lows against the euro and to 12-year lows against the yen Thursday, while gold and oil prices also surged. The euro rose to a new high of $1.5625 following a report that showed U.S. retail sales fell in February, beating a [...]

how low can u go? Part 2

i found an interesting article on this topic: USD/JPY Heading to Down to 100.00?—UPDATED by S. Wade Hansen—13 March 2008 On February 6, I wrote a post looking for the USD/JPY to fall to 100.00, and here we are with the USD/JPY at 100.00. http://www.pfxglobal.com/pfx-blog/wade-usd-jpy-heading-to-down-to-100.00.html In the discussion that ensued regarding my original post, one [...]