My E trades(long) are +ve. She retraced to 1.3808 then went up. Indicators still indicate USD weakness.
KIWI & AUD longs were good for pips.
GuppY on D $> 200 ema & Ichimoku still says LONG ( as in the GBP was strong currency this wk:confused: wrt the fundamonals. However; COT last week showed the Comms were selling the GBP.
Crude is what I shall watch ( as Swan notes in his blog) for USD indicators.
NZ & AUD I favour longer LONG trades.
Looks like 6600 is a strong resistance area. MacD going down awa STO(8,40). Going to sit out of her action for a bit.
AUD/CAD: W chart $>200 ema,89xing up 200,& passed 62% fib (13 Jul-5 Oct.)
D chart: 89>200,144 up @ 200,MacD up;STO (8,40) up, $>2x resistance (prev support on 23 Aug). Initial TPP 9250.
Both pairs bullish.
A/CH on D $ nearing 62% fib ( 23 Jul- 27 Oct) TPP 8868. $ > 62% fib (12 Sep-27 Oct) 8700 was 2x prev support ( 17-29 Sep) STO MacD are rising & 89 x’d > 144 ema this month.
A/Y D chart: $> 38% ( 31 Oct 07 -24 Oct 08) TPP 81.53 (50% fib.THIS is also the M 50% level drawn Oct 07 Hi - Oct 08 Lo) ALSO 81.83 IS 50% FIB OCT 2000 LO - NOV 07 HI.
D STO, MacD are going up.
E/AUD still downward.
E/CHF getting ready to breakout of channel ( sl down bias) from 2 Apr ? Hmmmmm.
E/Y stayed away from Y x’s. $ @ prev resistance 6 Apr. Bounce or break upwards? Hmmmm.
G/CAD G has been strong currency lately (go figure) & loonie needs to come down re: USD. $ > prev Hi 4-6 Apr & 144 ema (it is now nearing 200).
STO & MacD going up. I’m looking buy for now:)
The only pair that suggested best probability to me this week.
Indicators still up.
Down TL break (or triangle break) with TPP @ 1.8850 (1.8900ish is prev Resistance 11 Dec).
This pair still rising.
W indicators still indicate up.
I shall look @ 9100 target ( resistance). Then await Nov HI @ 9244
M AUD chart: this month’s candle indicates to me mega-indecision.
W: looks like this pair bearish.
KIWI: Wpossible -ve STO div? 2x dragonfly candles. $ @ 89 ema (which is < 200),
M chart is gragonfly. 144 xing < 200 & $ @ 50% fib retrace. Bearish bias for July?
This pair looks highest probability to me this week.
$ @ Apr 1- June 23 down TL ( prev HI on Apr 24).
Possible -ve STO div on D (so I expect a slight retrace).
2X hi @ 6245, So I shall await break of 6275 for a Buy ( alternative: wait for retrace and buy the dip).
M: $ hit 38% fib (Jan 07-Jan 09)
W: STO is O/B
D: doji candle, $ @21 Nov hi; 62% fib ( 29 Oct- 26 Jan).
I’m thinking retrace with limit @ prev resistance 9010.
G/NZ looks poised to go down
picked up a few pips on this pair.
The down TL on D chart(29 Dec- 20 Mar) plus my indicators going up suggest a BStop order @ 6360 BUT I still think a dip is more probable.
Well she hit 9303;)
G/CAD interests me this week.
W STO is o/b and D STO is going down,
if $ breaks 1.8777 (18 ema) AND the low of the prev candle (Jul 3 D candle is inside candle ala James).
I’m bearish.
KIWI: looks as if this will retrace. Indicators are down ( & USD is a bit stronger due to the risk aversion). I shall await break of up TL with a SellStop order @ 1.6290.
On D chart: is this an inverted H&S forming?
11 June appears to be bottom:confused:
got my up TL break. SST was hit and picked up 30 pips.
D STO in O/S territory & curling up ready to X signal. Going to look long.
[QUOTE=Al Zheimer;117754]G/CAD interests me this week.
W STO is o/b and D STO is going down,
if $ breaks 1.8777 (18 ema) AND the low of the prev candle (Jul 3 D candle is inside candle ala James).
I’m bearish.
/QUOTE]
D chart: 18 ema holding, STO still down. I’ll wait for candle close < 18 for shorting.
Placed a BST @ .6380
Stop @ .6269
Limit @ .6480
see what transpires overnight.
Looks as if a bit more draw down , but by week’s end should hit target.
Stopped out- but put a buy @ mkt. Indicators show that NZ is going up
This pair will retrace a bit & then follow the uptrend continuation pattern.
$ consolidation on D.
1.6348 (62% fib) resistance
1.6151 (50% fib awa 18ema) support.
Trade on candle close break. ( my GUESS is up trend continuation)
key word is GUESS