{"id":20597,"date":"2011-04-11T04:07:12","date_gmt":"2011-04-11T08:07:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20597"},"modified":"2011-04-11T04:07:12","modified_gmt":"2011-04-11T08:07:12","slug":"daily-market-review-for-the-11-04-2011","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/04\/11\/daily-market-review-for-the-11-04-2011\/","title":{"rendered":"Daily Market Review for the 11.04.2011"},"content":{"rendered":"

AUD\/JPY<\/strong><\/p>\n

Time:<\/strong> 08:00 Rate:<\/strong> 89.50<\/p>\n

Strategy:<\/strong> Short<\/p>\n

Daily time frame<\/strong><\/p>\n

This pair which was mentioned in the previous market reviews performed continuous increase of about 21%, the continuous movement of this size is from the longest that were seen in this pair, in the area of 90.60-89.90 there is the Fibonacci level of 161.8 % of the last downward movement which can be used as a resistance point to provide the creation the first downward retracement.<\/p>\n

As can be seen by the graph bellow:<\/a> <\/strong><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

4 hour time frame<\/strong><\/p>\n

The price creates clear bearish deviations in the indicator CCI 20 (green) and closes the Bullinger Band, the aspect indicating the downward volatility and gathering before choosing a new way. A good point for entering short is after the stop of the upward price pattern (pattern M or the creation of high lower low and the downward break down)   <\/p>\n

As can be seen by the graph bellow:<\/a><\/strong><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Potential Trade<\/strong><\/p>\n

Short after the break down of the high patterns and the double top pattern.<\/p>\n

Stop: beyond the pattern or beyond the red area 90.70.<\/p>\n

First target: 86.50 (retracement 23.6 Fibonacci of the upward movement, daily time frame)<\/p>\n

Optional second target: 84.20 (retracement 38.2 Fibonacci).<\/p>\n

USD\/CHF<\/strong><\/p>\n

Time:<\/strong> 08:30 Rate:<\/strong> 0.9085<\/p>\n

Strategy:<\/strong> Long<\/p>\n

4 hour time frame<\/strong><\/p>\n

Before the end of the week the pair was examined for the creation of the movement to the two directions, activated the short trigger (0.9130) of the 4 hour time frame and arrived with success to the target of 0.9060.<\/p>\n

As can be seen by the graph bellow:<\/a><\/strong><\/p>\n

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 <\/p>\n

Daily time frame<\/strong><\/p>\n

Although the downtrends before the end of the week, the pair still satisfies the conditions for short bull wolf pattern but should be waited for a clear price stop and the break out of the level 0.9340.<\/p>\n

One should pay attention to two important points in the price stop- one in the psychological area of the level 0.9000 and the second lower in the area of 0.8800 which is the most important Fibonacci area. These areas could be used as good support for the short time frame trading.<\/p>\n

As can be seen by the graph bellow:             <\/a> <\/strong><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Potential Trade<\/strong><\/p>\n

Long in the break out of 0.9340<\/p>\n

First target: 0.9590<\/p>\n

Second target: 1.0000<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

RISK DISCLAIMER<\/p>\n

Forex trading<\/a> involves high risk. Before any trade<\/a>, you should consider carefully the investment<\/a> objectives and the level of risk. The data sent by mail is not necessarily real-time data or precise. Real-Forex is not liable for the losses resulting from the utilization of the data. Real-Forex (Finnocorp<\/a> Trading Solution Ltd<\/p>\n

.) is not liable for losses or damages as a result of reliance on the information provided by e-mail or on the overall data, quotes, charts, signals buy \/ sell<\/a>. It is hereby clarified that the investor must be aware of risks involved in trading in financial markets, which is a form of investment that may contain potential risks.<\/p>\n

Real-Forex<\/a> team \"\"<\/a><\/p>\n

Trade like the pro’s with a true ECN Forex broker<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

AUD\/JPY Time: 08:00 Rate: 89.50 Strategy: Short Daily time frame This pair which was mentioned in the previous market reviews performed continuous increase of about 21%, the continuous movement of this size is from the longest that were seen in this pair, in the area of 90.60-89.90 there is the Fibonacci level of 161.8 % … <\/p>\n

Continue reading “Daily Market Review for the 11.04.2011”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20597","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20597"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20597\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}