2010-12-31 23:40 GMT

Daily charts:
GBPUSD:
under last two months descending trendline, soon may bounce down off it

EURUSD:
Third lower high is much higher compared to distance between first and second, and recent low is higher and off 50% retracement of last 7 months move up. And a new year often brings change in trend. Sooner or later there will be long opportunity here in spite of recent financial trouble in EU.

EURJPY:
This one goes smoothly down yet next lower top is about to be established within first few days of a January.

GBPJPY:
Down-trend is more than obvious here, however what I will be looking at are lengths of waves. The one that started in beginning of August is a bit longer than one from mid September, and yet the one that started in second week of December didn't finished yet, but still is shorter than second one. And yet again - will new year mark a trend change?

AUDUSD:
This pair is quite unpredictable for me at the moment. It did lower low in beginning of December, now it is testing high of an up-trend that started in May. It may form double top as well as break higher. I will stay away of it.

AUDJPY:
Clear uptrend with strong trendline just below, however current wave is visibly weaker than the second and second is half as long as first. This is another candidate for trend reversal.

USDJPY:
Very slow moving pair, that's why I don't trade it. It goes down, but there will be better entry point if someone is interested.

USDCAD:
The only obstacle for this pair to fall below 1.0 is the Bank of Canada.I stay away

EURCHF:
Third wave down exceeded already length of the second one but what's more important it did not retraced for a month.
Christmas time was a bit choppy, but after retracement I would expect more falls here.

USDCHF:
Certain down-trend, nice to short on one or two days retracements.

DJI and DAX:
Both are rising, however I will wait for the first week of January.

Gold and Silver:
Definite up-trend with strong reason behind [money-printing and economic crisis in general]. I will be happy to trade it on good technical setups.

2010.11.22 22:55 GMT

EU daily short
EJ daily short

Gold - I missed mice long opportunity on it, however I expect further rises.

Mini-DOW - Very attractive long is forming. Pretty tricky trade as there is still resistance just above today's high. I think it will be broken on second or third approach tomorrow.

2010-11-07 22:51 GMT

I do believe EURJPY will fall in nearest future, as EUR shows bearish patterns across the board and there was no clear reversal on JPY yet (not any fundamental reason for this reversal as well)

19.10.2010 2:03 GMT

I think, that:
UJ will fall, however there is suspicious level @ 80.90, that may be as well level, where BOJ reacts firmly. Otherwise this one may be broken for another 50-100 pips.

GU seems to be due to some bigger retracement (300 pips or so), but in other hand
EURUSD wouldn't surprise me if it goes higher. (already attempted to broke yesterday's high as I'm writing).

No setups here just general thoughts.

2010-09-19 23:43 GMT +1

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.

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.

2010-09-10 16:03 GMT +1

Quiet day, but Gold have formed nice pinbar on 4H chart I will trade soon.