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Jun19
Forex Technical Analysis for Friday, June 19th, 2009
Filed under: Forex Analysis; Tagged as: Daily Forex Analysis, Daily FX, Forex Broker, Forex Online, Forex Trading, Technical FX analysisDaily FX – Day Trading FX
Currency
Daily stance
Analysis
EURUSD 0/- A break of 1.3900 opens up downside scope towards 1.3810 and further down at 1.3650 this week EURJPY 0/- Ranginging 137.80- 136.90. Look for break either side, we are slightly biased short side for now USDJPY 0/+ Sell orders clustered around 98.50. A break will quickly see a test of 99.00 handle and further upside GBPUSD 0/+ Looking for a recovery back to 1.6450-80 area. Support at 1.6330. AUDUSD 0/- A test of 0.8000 looks likely and offers clustered around 0.8120 Forex Options Trading
FX-Options
Analysis
EURUSD Front end vols are lower as gamma is being offered. Spot has come steady lower through most of the Asia session and implied vols will likely continue lower if this extends. USDJPY Front end vols were offered through the curve today as market looks to offload vols as spot moves higher. Risk reversals have also eased so expect spot to be well supported. AUDUSD Aussie vols are not spared either as sellers get aggressive across the curve. Spot has been dipping thoughout the session but looks like the selling is set to continue into Europe. 
One Response to “Forex Technical Analysis for Friday, June 19th, 2009”
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Forex technical analysis is the best and easiest way to trade currencies for big profits.
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