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We provide investors with valuable alternatives in the Forex marketplace. These include innovative educational opportunities, comprehensive research, superior analytical tools and state-of-the-art electronic trading capabilities.GBPJPY Shots for 162.58 and fails If the pair can’t take on the 162.58 high from June, trouble for the pair takes price back to the bottom trend line. This daily chart shows a distinct probability for a move back to the 158.00 area. GBPCHF Continues to tighten, top looks like better

Article Content: GBPJPY Shots for 162.58 and fails If the pair can’t take on the 162.58 high from June, trouble for the pair takes price back to the bottom trend line. This daily chart shows a distinct probability for a move back to the 158.00 area. GBPCHF Continues to tighten, top looks like better bet It’s amazing how the pair continues to tighten. I would bet on the top side break, but would wait until cloder to tomorrow afternoon when you get a release of GBP GDP Sneak peak. This release is given 1 month before the official GDP release and is considered important enough to move the market. Stocks rally in last 30 minutes to close higher In the last minutes of trading the DJIA rallied to close just below its daily high. The break higher really puts the gas on the fire for a leg close to 11000.I like this type of set up even though it’s got a long way to go and I don’t trade such long term trends. After the break above the shorter term red line, it should only be a matter of time before the longer term trend line is hit. Keep in mind this is a down trend line and from there its going to be anyone’s game. 11k here we come, as long as the rate of growth we’ve seen lately holds, that is. I was out on a limb last night and USDCAD was predictable I mentioned that the USDCAD may see 1.0694 overnight, and it proved to be right. It would have been a bit riskier move considering the strength that the CAD has had lately. The next, more difficult, target is 1.0817. Roughly the same stat as the daily pivot, but this one is the weekly pivot. I love numbers that are fast, true and can be tested. Pivots are certainly one of those.   USDINX Amazingly resilient It’s been amazing that the index has held up over the last 24 hours. After the last two days significant fall just about everyone was expecting the USD to be laying on the floor right about now. EURUSD is having trouble with 1.4400, after a great push yesterday GBPUSD can’t crack the 1.7000 nut, USDJPY bounced off of support shown in yesterday’s post around 94.50, USDCAD is currently having a great run up from overnight lows around 1.0650 and USDCHF hasn’t been able to even retest yesterday’s low. Then you have the AUD and the NZD falling form highs this afternoon, and the benefactor is the USD. I am not optimistic that the index will recover to the below levels but we should at least see a retracement.

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