APF Trading Technical Analysis Market commentary 29 mar 2011
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APF Trading Technical Analysis Market commentary 29 mar 2011

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APF Trading Technical Analysis Market commentary 29 mar 2011

APF Trading Technical Analysis Market commentary 29 mar 2011

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  • Following the weakTenkanSenKijunSen crossover in Jan 2011, prices faced resistance from the Kumo and failed to break above Kumo. This resulted in the recent strong bearish TenkanSenKijunSen crossover. We expect the US dollar to remain weak against the Taiwan Dollar.
  • Following the weakTenkanSenKijunSen crossover in Jan 2011, prices faced resistance from the Kumo and failed to break above Kumo. This resulted in the recent strong bearish TenkanSenKijunSen crossover. We expect the US dollar to remain weak against the Taiwan Dollar.
  • This is an update to our 22 Feb 2011 commentaryAs per previous commentary, prices continued its decline and completed a Perfected TD Buy Setup. See green arrow as of the week 18 Mar 2011. Perfected TD Setups are usually followed by 1-4 price bar correction. As seen, last week already recorded a up close, as of writing, this week is slightly higher as well. After this period of correction (1-4 price bars), we expect prices to continue its downward trend until price action suggests otherwise. Next support is at the 50% Fibo retracement level, 12.35
  • This is an update to our 22 Feb 2011 commentaryAs per previous commentary, prices continued its decline and completed a Perfected TD Buy Setup. See green arrow as of the week 18 Mar 2011. Perfected TD Setups are usually followed by 1-4 price bar correction. As seen, last week already recorded a up close, as of writing, this week is slightly higher as well. After this period of correction (1-4 price bars), we expect prices to continue its downward trend until price action suggests otherwise. Next support is at the 50% Fibo retracement level, 12.35
  • APF Trading is a trading advisory firm offering clients advice on multi-asset trading strategies, signals, trading systems, execution services and trading platforms. The firm also conducts research and technical analysis with a focus on IchimokuKinkoHyo and DeMark Indicators.

APF Trading Technical Analysis Market commentary 29 mar 2011 APF Trading Technical Analysis Market commentary 29 mar 2011 Presentation Transcript

  • Technical Analysis29Mar 2011
    APF Trading
    Market commentary
  • APF Trading
    9 Battery Road
    12F Straits Trading Building
    Singapore 049910  
     
    Jay Ng
    jay.ng@apftrading.com
     
    Glenn Ho
    glenn.ho@apftrading.com
     
    Website:
    www.apftrading.com
    www.asiapacfinance.com
  • Taiwan Dollar
  • Taiwan Dollar
    Following the weak TenkanSenKijunSen crossover in Jan 2011, prices faced resistance from the Kumo and failed to break above Kumo.
    This resulted in the recent strong bearish TenkanSenKijunSen crossover.
    We expect the US dollar to remain weak against the Taiwan Dollar.
  • Singapore Airlines
  • Singapore Airlines
    This is an update to our 22 Feb 2011 commentary
    As per previous commentary, prices continued its decline and completed a Perfected TD Buy Setup.
    See green arrow as of the week 18 Mar 2011.
    Perfected TD Setups are usually followed by 1-4 price bar correction. As seen, last week already recorded a up close, as of writing, this week is slightly higher as well.
    After this period of correction (1-4 price bars), we expect prices to continue its downward trend until price action suggests otherwise.
    Next support is at the 50% Fibo retracement level, 12.35
  • APF Trading is a trading advisory firm offering clients Managed Forex Accounts and advice on multi-asset trading strategies, signals, trading systems, execution services and trading platforms. The firm also conducts research and technical analysis with a focus on IchimokuKinkoHyo and DeMark Indicators.