Posts Tagged ‘EURCAD’

Wed Jan 19

January 18, 2011

EURCAD long 1.3344 [closed 1.3409]
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GBPUSD short 1.5995
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EURCAD and EURUSD are bullish atm, but overextended and
overbought DOW/SP500 etc. isn’t – so i’m avoiding EURO.
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EURCAD long 1.3344
GBPUSD short 1.5978 [closed 1.6018]
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FTSE and DAX daily charts are still giving bearish warnings which is
affecting bullish Euro. Key indexes and Euro / Dollar are not in sync
again.
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EURCAD long 1.3356 [closed 1.3348]
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DOW/SP500 and Euro are still out of sync.
EURCAD long 1.3326 [closed 1.3351]
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CHFDKK short 5.782 [closed 5.771]
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EURCAD long 1.3326
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EURUSD long 1.3403 [closed 1.3451]
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EURCAD wants to rally too.
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EURUSD possible target for impending rally is 1.3960


S&P500 monthly chart reveals a pattern of expanding wedges… aka broadening formations.

EURUSD long 1.3403 – Euro buying support returns …
CHFDKK short 5.782
GBPJPY long 131.888 [closed 131.881]
XAGUSD short 28.843 [closed 28.924]

Tues Jan 18

January 18, 2011

XAGUSD short 28.843
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XAGUSD short 28.895 [closed 28.918]
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EURUSD daily chart was bullish but due to ongoing USD strength,
Euro weakens yet again…

Dollar strength keeps returning since larger time frames are
bullish – warning of a significant dollar rally.

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EURUSD long 1.3387 [closed 1.3436]
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DOW/SP500 and Euro are out of sync again and it’s pulling Euro back
so more choppy mixed signals…

GBPJPY long 131.49 [closed 131.93]
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EURUSD long 1.3390 [closed 1.3385]
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Due to likely USD weakness – looks like more upside for DOW/SP500
before we get the very overdue correction.
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EURUSD long 1.3390
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EURUSD long 1.3398 [closed 1.3394]
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More Euro rally looks probable: EURUSD buying support continues
and choppy daily chart is bullish. Weekly chart is neutral and
monthly chart is bearish. Opposite for USD.
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GBPJPY long 131.49
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AAPL weekly chart shows that a correction is overdue.
Scroll down page for monthly chart as of January 13.


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