EURJPY
Chart courtesy of Advanced Get. Data provided by eSignal.
The Euro Yen may have reached an area of resistance from 1998. Although I am not short just yet, I will watch this cross to see if the momentum changes to the downside with MACD strategy in Metastock.
The Cable is also at an area of resistance 2.01 and this should be watched for a break above which could possibly see a much higher movement if followed through with a lot of buyers bars or fail and drop quite heavily. The candles on different time frames could hold the key here.
Revert to Metastock for mechanical entry points.
My internet connection decided not to work yesterday and was not up again until the evening so I could not update this site.
Good luck today.
ps. Those of you that use Metastock should be aware a new Vista compatiable version is now available so if you have wanted to use Metastock on Windows Vista then log in to your Equis account and download the new version.
The Euro Yen may have reached an area of resistance from 1998. Although I am not short just yet, I will watch this cross to see if the momentum changes to the downside with MACD strategy in Metastock.
The Cable is also at an area of resistance 2.01 and this should be watched for a break above which could possibly see a much higher movement if followed through with a lot of buyers bars or fail and drop quite heavily. The candles on different time frames could hold the key here.
Revert to Metastock for mechanical entry points.
My internet connection decided not to work yesterday and was not up again until the evening so I could not update this site.
Good luck today.
ps. Those of you that use Metastock should be aware a new Vista compatiable version is now available so if you have wanted to use Metastock on Windows Vista then log in to your Equis account and download the new version.
posted by Javid Shaik @ 8:21 AM
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