|EUR/USD Daily Chart 25 May 2013|
Yesterday EUR/USD rejected resistance @1.2955 for the second time again. This time with a smaller pin bar than before. This latest move might open our door for selling opportunity. Our next Target Profit would be the next support @1.2842, it would be more then enough room to get a 1:2 Risk Reward Ratio.
|USD/CHF Daily Chart 25 May 2013|
Yesterday we released our signal of selling USD/CHF. It was a quick decision that has to be made in the European session because of the speed of price that was moving so fast. Although we have watched this pair movement everyday before considering to entry it. As seen on the chart the USD/CHF was exploding up high but it seems it cannot maintained its position around 0.9770 resistance level. We watched this level many times to see how price react on that level. We figured it must retraced back around 0.9548 to regain its strength which that would be our next Target Profit.
|USD/CHF H1 Chart 25 May 2013|
Zoom in from our Daily Chart Analysis the price then falls from 0.9815 level before it's stalled @0.9636 level. Price then tried to get back up again but it seems cannot break the 0.9707 level. The price then falls back to the 0.9636 level which would be our entry to sell.
|USD/JPY Daily Chart 25 May 2013|
Our review toward remain bullish. Yesterday price retrace back again to support 101.25. But the daily bar didn't close below the support level. If the daily bar closed below support then it's a signal that the price might retrace lower to the next support @99.87
|XAU/USD Daily Chart 25 May 2013|
The XAU/USD merely move on yesterday's American session. Unlike before, the XAU/USD get dump most of the time on the American session, especially on the economic data release. There's a possibility that market hesitate to break support 1360.11 and 1337.40. Or it maybe just because traders on the weekend they decide not to hold their positions on the weekend. Technically, we can see on the chart, if the price take out the 1413.61 level then it would be a signal the Gold Price might go up further, probably around the next resistance level @ 1440.80 ( blue line )