Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing Forex, October 2012, ++USDYEN

Friday, 28 September 2012

Forex, October 2012, ++USDYEN

The market is bouncing on the support line of the past twelve months. There is a divergence between the price and the RSI indicator on the daily and weekly charts. Seasonally, October supports the US dollar over the Japanese Yen. The greenback could rebound to 79.20 and 80.40. A decline below 76.80 would instead trigger more selling orders.

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