Simple Moving Averages Contain The Yen

March 11th, 2010

The Usd/Jpy is trading back in the 90.00 area, flanked by the 20, 50 and the 100-day moving averages. This area has limited the pair’s moves. If Usd/Jpy finds the necessary momentum to push higher, it might reach the 92.50 area.

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Simple Moving Averages Contain The Yen

Cad Gets Held In An Institutional Range

March 11th, 2010

Price action has seen very thin trading volumes lately, stopping the pair from moving too far either way. This is happening as cadstruggles to push below the 1.0200 area, the main support zone of the last 19-months of trading. In order to break and hold lower from this point, Usd/Cad…

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Cad Gets Held In An Institutional Range

Inter-Connected Markets Holding Support

March 11th, 2010

Dollar Index: The 4 hour trend is Long, into an oversold read (buy support). as the Usd moved all over the charts as overnight trade unfolded in the previous session

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Inter-Connected Markets Holding Support