Home > Uncategorized > Morning Edge T Chart Wednesday 10.21.2009 and COD USD/JPY 720 long side bounce

Morning Edge T Chart Wednesday 10.21.2009 and COD USD/JPY 720 long side bounce

October 21st, 2009 Wizetrade FOREX David

USD News – Beige Book 14:00 ET

 

STRONG

 

Short*              EUR/USD                    1.4825

Long                USD/CAD                   1.0650 – 1.0700

Short*              AUD/USD                   .9180*

 

WEAK

 

Long                GBP/USD                    1.6750

Long                EUR/USD                    1.5000***

Long                AUD/USD                   .9300

Long                NZD/USD                   .7575

 

The Morning Edge Chart of the Day is the 720 minute chart for the USD/JPY with a bounce to the long side. 

 

Yesterday’s Morning Edge Chart of the Day was the 720 minute interval for the GBP/USD with a strong GBP creating a bounce on the 720 this morning.  Selling in the US trading session for equities pulled the GBP lower, but commentary and the release of the MPC Meeting Minutes overnight has allowed the GBP to continue to advance.

 

The values in the T-chart data represent the next levels of significant support or resistance with trade opportunities to these levels, or breakouts beyond these levels. The use of Astrid denotes key sustained support or resistance levels, or counter trend opportunities in the market.

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