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INTRADAY TRADING SIGNAL BY ACETRADER.COM: USD/JPY

USD/JPY : 80.46

Last Update At 01 Nov 2010 05:59 GMT

Dlr has fallen after intra-day brief but strg
rebound fm 80.21 (AUS) to 81.60, suggesting the correction has possibly ended n downside bias is seen for a re-test of said sup, below wud confirm MT downtrend has once again resumed, 80.00 n 79.75.

Sell on recovery with stop as indicated, break
wud prolong choppy trading n risk 81.10/20 b4 down.

Range Forecast
80.40 / 80.80

Resistance/Support
R: 81.60 / 81.99 / 82.38
S: 80.21 / 80.00 / 79.75

http://www.acetraderfx.com

Forex Trades 11/01 - European session
[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.399
[b]Stop[/b]: 1.403
[b]Resistances[/b]: 1.41 - 1.408 - 1.402
[b]Supports[/b]: 1.3805 - 1.3875 - 1.395

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdcad"]USD/CAD - US Dollar / Canadian Dollar[/url][/b]
[b]Entry[/b]: 1.0165
[b]Stop[/b]: 1.0205
[b]Resistances[/b]: 1.029 - 1.0245 - 1.0205
[b]Supports[/b]: 1.0065 - 1.0135 - 1.0155

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] ...

[B]We start the week with interesting news in the Us, ISM Manufacturing PMI, Manufacturing PMI in Great Britain and more exciting events. Let’s see what awaits us today.[/B]

In the US, The Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI), Monthly Survey of about 400 purchasing managers to rate the relative level of business conditions, indicates industry expansion although its reduction of 0.2 points. While the ISM Manufacturing Prices will rise by 0.2 points

Read the rest of the [URL="http://www.forexcrunch.com/category/daily-analysis/"][I][B]daily forex forecast[/B][/I][/URL].

USDCHF has formed a cycle top at 0.9928 level on 4-hour chart. Another fall towards the lower border of the channel is still possible later today, a clear break below the channel support will indicate that the upward movement from 0,9463 has completed, then deeper decline could be seen to 0.9600 zone. However, a break above 0.9928 will indicate that the uptrend from 0.9463 has resumed, then another rise to 1.0000 could be seen.



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