On a daily chart I see GBPUSD short pinbar, same on EURUSD, but nothing to get excited.
AUDUSD 0.9330 is a key low, that broken may lead to significant correction [100-300 pips], and this may be where I will focus this week.
Sunday 19 September 2010
Thursday 16 September 2010
2010-09-17 00:00 GMT +1
3176464
btu7uyt
As for today:
Nice formation on GU 4H chart that makes me think of buying it tomorrow morning. JPY weakened over the board yesterday, what makes me think there was some key BOJ intervention, and further losses can be expected.
AUDUSD is testing last year high, and I see a large chance for it to break higher, I think par with USD is within a reach in few months.
Gold is a bit worrying, as new highs may be a sign of a recession, however I am convinced that this pair will appreciate over time to discount inflation, however such a move will show some retracement, therefore I will not think to buy it this high. I like also DJI performance that undermine double dip concept.
btu7uyt
As for today:
Nice formation on GU 4H chart that makes me think of buying it tomorrow morning. JPY weakened over the board yesterday, what makes me think there was some key BOJ intervention, and further losses can be expected.
AUDUSD is testing last year high, and I see a large chance for it to break higher, I think par with USD is within a reach in few months.
Gold is a bit worrying, as new highs may be a sign of a recession, however I am convinced that this pair will appreciate over time to discount inflation, however such a move will show some retracement, therefore I will not think to buy it this high. I like also DJI performance that undermine double dip concept.
Friday 10 September 2010
Thursday 9 September 2010
2010-09-10 00:28 GMT +1
There is not much to trade for now, however I expect CAD to weaken [according to USDCAD and CADJPY price action]. Maybe tommorow there will be some opportunity for such a trade
Tuesday 7 September 2010
2010-09-08 00:26 GMT +1
I really like my estimation from today morning,
GU felt lower, same as EU, but those moves don't indicate any negative sentiment in markets, I would rather call it deep breath before next steps forward.
Rise in price of Gold catches my attention, but yet I wouldn't call it escape from risk, rather need to diversify portfolio.
I must admit sharp fall of EURUSD was a surprise for me. I still believe that world can recover from crisis leaving Eurozone behind, and I would accept such a scenario as possible, but it's quite early to announce it.
GU felt lower, same as EU, but those moves don't indicate any negative sentiment in markets, I would rather call it deep breath before next steps forward.
Rise in price of Gold catches my attention, but yet I wouldn't call it escape from risk, rather need to diversify portfolio.
I must admit sharp fall of EURUSD was a surprise for me. I still believe that world can recover from crisis leaving Eurozone behind, and I would accept such a scenario as possible, but it's quite early to announce it.
2010-09-07 8:00 GMT +1
today I see chance for temporary depreciation of GBPUSD, especially break below 1.5350 will open chance for another 25-50 pips fall.
Similar situation with EURUSD, however 1.2775 is a very strong support that will hold if my general bullish sentiment is right.
Similar situation with EURUSD, however 1.2775 is a very strong support that will hold if my general bullish sentiment is right.
Monday 6 September 2010
2010-09-06 16:31 GMT +1
This week I will think of long GU and EU, there is also formation long on EJ that grabs my attention.
And good performance of DJI will be a confirmation for my general outlook.
And good performance of DJI will be a confirmation for my general outlook.
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