Saturday, 19 April 2014

WEEK ENDED 18.4.2014

Well EURUSD and USDJPY both behave in similar fashion.
Continuing from last week's chart, EURUSD now has a floating loss of 65 pips.
Whereas USDJPY shows a floating loss of 65 pips too approximately. Both surviving its Stop Loss of 200 pips. Let us see where does this zig zag market pattern will continue for how long before a breakout.



Friday, 11 April 2014

WEEK ENDED 11.4.2014

Well, another see-saw zig-zag moment. A Buy signal was triggered. I would write-off the last week signal on sell and focus on this new buy signal with Stop Loss of 200 pips. Entry could be around 1.38685. Let us see how it performs at the end of the day.



















Another interesting Sell signal developing for USDJPY, possible entry at 101.71. Previous Buy signal was a failure. It seems Hourly signal is more erratic. 4 Hour and Daily chart signal would be a wiser bet.