Forex Market Commentary May 06th 2011

Forex Market Commentary— JPY cross currency have been selling off in wave 5 of C in an a,b,c pattern through the Frankfurt and London sessions and are ready for the wave 4 of the 3 a C. USD/CHF finished its wave 5 downward and has turned back up-ward, opposite the EUR/USD and GBP/USD pairs that have sold off. USD/CAD and USD/JPY are correlated with the USD/CHF for now.

This entry was posted in Industry News and tagged . Bookmark the permalink. Comments are closed, but you can leave a trackback: Trackback URL.
Live Chat