21 May 2010 Analysis & Strategies « WorldBestPortfolio.com

May/10

21 May 2010 Analysis & Strategies

WorldBestPortfolio.com has released our analysis for 21 May 2010. Please read this post for more on our take on today’s market.

NZDJPY

NZDJPY is near its support at 60.586. Support here has held true for as far back as July 2009, and we don’t see a reason why it should fall below that.

We’re seeing NZDJPY consolidating a little at the support, we recommend traders to keep a look out for a break up, back to the resisstance at 68.714.

USDCHF

We’re seeing USDCHF heading towards the downward trendline. Its showing resistance on both the daily, H4 and H1 charts.

Although its still a considerable distance away from the trendline, we believe it night be worth while to watch for a possible break down, with a possible drop back down to the 1.0600 level.

WorldBestPortfolio runs a forex trading signal service, where traders from beginners to experts, can benefit and mirror each and everyone of WorldBestPortfolio’s trades. WorldBestPortfolio.com trades with the name“ForexCapitalGrowth” over at Zulutrade.com. For more information and stats on our trads, visitForexCapitalGrowth at Zulutrade.

WorldBestPortfolio also runs a signal service at RentaSignal.com. For a small monthly fee, you’re able to receive and trade with all our signals. Look for “ForexCapitalGrowth” atRentaSignal.com.

NZDJPY, USDCHF

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WorldBestPortfolio.com is a independent FOREX analysis blog. We operate the signal provider "ForexCapitalGrowth" on Zulutrade.com and RentaSignal.com.

Analysis and Strategies on this blog do not necessary mirror each and everyone of our trades. However, they are an insight into how we narrow down the various possible currency pairs and our trading chain of thought.

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WorldBestPortfolio runs a forex trading signal service, where traders from beginners to experts, can benefit and mirror each and everyone of WorldBestPortfolio's trades. WorldBestPortfolio.com trades with the name "ForexCapitalGrowth" over at Zulutrade.com. For more information and stats on our trads, visit ForexCapitalGrowth at Zulutrade.

WorldBestPortfolio also runs a signal service at RentaSignal.com. For a small monthly fee, you're able to receive and trade with all our signals.

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