Forex Trading

provides exclusive content for members of FXCM. I find that out of all Guest Trading Ideas they have "keeping it simple" analysis that you have to respect. Others have analysis that from day to day is not consistent and analysis that also can be contrued as more of an art. (easily interpreted differently from 1 person to another)

Here is Learn::Forex's Analysis today. See for yourself.

AUD/JPY April 12th, 2006

The pairing that has caught our attention this week is the AUD/JPY.

First lets take a look at the Daily. Two things that stand out.First, notice that we have TWO different fib pulls that are coming together and have for resistance. And second, look at the momentum.it is appearing to weaken.

Then on the 240 minute chart we find confirmation of the price action losing momentum and we also get a nice trend line to use. In SHORT there seems to be an opportunity here.anywhere from current market price all the way back to re-test the trend line and resistance zone of 87.00

We have some support at the 85.50 area with more major support coming in at 85.00 which also happens to line up with a .382 retracement fib.