Charts, FOREX, Pivots Grain, Support & Resistance, Technicals|October 28, 2012 6:41 pm

EUR, JPY, PP, S/R

Relatively weak opening for the EUR against USD and JPY , trading under the daily pivot. Is this because the S&P future on Globex is trading down to 1401? This makes sense given the fact that New York is shutting down thanks to hurricane Sandy. The floor of the NYSE will be shut, but electronic trading will continue in all assets. Against the USD, EUR large range is set between the weekly and the 45 days pivot. I will update in the morning on our indicators, regarding  the medium to longer term trend.

 EURUSD 

Daily PP 1.2925, R1 1.2969, R2 1.30,R3 1.3072 S1 1.2895, S2 1.2853,S3 1.2780

Weekly PP 1.2968, 45 day 1.2858

USDJPY

Daily PP 9.84, R1 80.18, R2 80.71, R3 80.59, S1 79.30, S2 78.97, S3 78.09

PP Weekly 79.75, 45 days 79.05

EURJPY

Daily PP 103.26, Weekly 103.55, 45 days 102.03

Tags: , ,
  • Share this post:
  • Facebook
  • Twitter
  • Delicious
  • Digg
Alexander Hamilton
MrTopStep.com
Alexander H. Hamilton is the principal of Mountain Value, a family office, specialized in global equities and foreign exchange   He started his career in finance at Merrill Lynch in 1982. In 1984 he became a fund manager for the Guyerzeller Bank where he managed global trust accounts.  In 1989, he joined SEFI S.A, the advisor of Argus Fund, a multi compartment Luxemburg Sicav, investing in global equities and high yield bonds. He became managing director and a member of the board. In 1998 he became a partner Asher B. Edelman & Associates LLC, co-managing a European value fund. In 2004 he established Mountain Value, a family office.   Alexander Hamilton is associated with Dr. Artur P. Schmidt in the development of Tradercockpit AG ( www.tradercockpit.ch) , based on the  I-Matrix software developed by Dr. Schmidt. This approach uses cybernetic algorithms to analyses the interdependence and reciprocal effects of a variety of economic indicators and price movements.   Alexander Hamilton has a MBA from New York University Stern School of Business and a BA from the University of Lille in semantics.

Try the Subscription Service

See More from Alexander Hamilton

You might also be interested in the following: