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Looks like it might be facing resitance from the lower daily channel line in blue, a daily fib level and the hourly channel which has formed.

Opps. Sorry. Wrong chart. Here it is.

Hello. Just got up and checked my charts and found that the Eur had finished this third leg down exactly where I thought it would. Now it' getting a bump up and It could have a more sustained upside today. Let's see how the other pairs also act today. bye.

But price on the 60 min has created a flag and needs more strength to continue it's upward track. Otherwise it will continue to go down along the angle show by the red line. These are showing how price is acting while in this channel. I think there's a lot resistance in either direction right...

Hello VitoriaSC. Here is what I see going into the London opening. A pic of the daily chart shows that a head and shoulders formation has been formed and price is heading up in two channels.

Here is the 60 min look. The ADX is now above 25 which is a good sign. But it's now hitting the 50 sma on the 4hr. This could go back down and hit the daily up trend line first before it turns up again. And how did you get your pic to show on the page? Thanks.

Hello. Here is a pic I posted on another thread earlier. I should face resistance when it's the the 50 sma which is on black.

Not really a bounce of the daily lower trend line but it the usd/jpy continues to fall then this could go higher.

Here is another view. After the break of the RT channels while in this triangle, there has been deep selling down to one of the daily Fib Ext levels.

And a bearish candle has formed at the daily downward trend resistance line. Predictions?

Opps. Here is the pic.

Looks like usd/jpy is finally getting some short term direction. Price has broken below the 50 sma which it has been riding up on for the past few days.

CHF as now just broke an hourly RT Channel with momentum down. This would help confirm a weaker dollar against the EUR but the GBP and JPY are still staying put.

As of 11pm PST, my rsi is now advancing above 50 and the price is bouncing of the daily support channel line (in orange) and is now topping the 50 sma sma (in white). A strong rise in the next hour would be a sure long signal.

Thank you much. I will look at it.

I was able to log in just as I put up this thread.

There web site has been down all morning and there phone lines have been busy. Is there anyone else who is have the same problem? Or does anyone know whats going on?

Hello. Does anyone know of any good books or other (online)material which focuses on hedging stratagies for the curency market? Thank you.