If you see the H4 and daily charts of Dollar index and EUR/USD
Both are in a consolidation phase:
EUR/USD 1.3663/93 tops and 1.3548/51 bottoms. Candle close is the key for entry.
See UER/USD H1 chart.
Wednesday, March 10, 2010
EUR/USD Mar 10 Close to NY close.
Dollar index and EUR/USD keeps consolidating in a range.
If you see the H4 and daily charts of Dollar index and EUR/USD
Both are in a consolidation phase:
EUR/USD 1.3663/93 tops and 1.3548/51 bottoms. Candle close is the key for entry.
See UER/USD H1 chart.
If you see the H4 and daily charts of Dollar index and EUR/USD
Both are in a consolidation phase:
EUR/USD 1.3663/93 tops and 1.3548/51 bottoms. Candle close is the key for entry.
See UER/USD H1 chart.
Monday, March 8, 2010
Sunday, March 7, 2010
EUR/USD Next target
EUR/USD bounced of the 1.3624 support level. on H4 chart we have a clear ABC and now shooting for D .
See chart:
Entry 1.3653 t/p target one hit 1.3682.
Waiting for re entry around 1.3665 and or above 1.3693.
My target for EU is we can hold and retest 1.3735 will be 1.3919.
See chart:
Entry 1.3653 t/p target one hit 1.3682.
Waiting for re entry around 1.3665 and or above 1.3693.
My target for EU is we can hold and retest 1.3735 will be 1.3919.
Weekly OverView Mar07-Mar12
Last week we saw some bearishness in the dollar index: that might be due to some profit taking.
However, this weeks opening price is higher than last weeks close on some of the majors.
AUD/USD: Opens above a key support resistance level .9071 and above 100 day moving average. I am looking for a retest of Support level 0.9071/ 0.9041 and or 0.9021
If we can hold above these levels the pair might move towards a next strong resistance level at 0.9167
See H1 Chart:
EUD/USD
Opens the week stronger and above a lot of strong key support levels. A retest will assure the bullishness in the pair.
1.3594 is a key level that I will be watching as a strong support. On the upside strong resistance is around 1.3668 and then 1.3772 : 200 SMA and the trend line comes around that level as well on H4 chart.
See chart H1:
Gold: I see a lot of resistance and pressure near 1140 level. However, that pressure might ease after the end of first quarter.
For key levels see previous blog history.
Dollar index is moving sideways in between 81.11 and 80.07.
S&P and DJ I am waiting for a pull back before moving higher (Bullish trend): 1122 on S&P 500 is a key support and 10436 on DJ.
However, this weeks opening price is higher than last weeks close on some of the majors.
AUD/USD: Opens above a key support resistance level .9071 and above 100 day moving average. I am looking for a retest of Support level 0.9071/ 0.9041 and or 0.9021
If we can hold above these levels the pair might move towards a next strong resistance level at 0.9167
See H1 Chart:
EUD/USD
Opens the week stronger and above a lot of strong key support levels. A retest will assure the bullishness in the pair.
1.3594 is a key level that I will be watching as a strong support. On the upside strong resistance is around 1.3668 and then 1.3772 : 200 SMA and the trend line comes around that level as well on H4 chart.
See chart H1:
Gold: I see a lot of resistance and pressure near 1140 level. However, that pressure might ease after the end of first quarter.
For key levels see previous blog history.
Dollar index is moving sideways in between 81.11 and 80.07.
S&P and DJ I am waiting for a pull back before moving higher (Bullish trend): 1122 on S&P 500 is a key support and 10436 on DJ.
Friday, March 5, 2010
Week End Analysis
USA:
NFP have been stable no a change in Unemployment. Economists are looking for a better number for this month as Census jobs will be an addition.
EUR:
GREECE: Successfully pulls off a five-billion euro bond issue that was massively over-subscribed, indicating the investors loved the 6.5% yield: The Star: The bond was three times oversubscribed – meaning demand exceeded available bonds....a positive sign...
Lets see what will be a next issue in Europe that can drag and or support Euro. :)
USD/JPY has shown a strong change in trend on H1 and H4 chart breaking some key levels like 88.88 and 89.50....at the moment holding above 90.20.
Gold holding strongly above 1130.85 level (See chart on the blog for ref.)
S&P 500 above a key level 1123.15 (Tech) and CME number 1122..if we can hold this strongly bullish.
My performance have been documented as 4.83% higher than last weeks close.
Have a great weekend.
NFP have been stable no a change in Unemployment. Economists are looking for a better number for this month as Census jobs will be an addition.
EUR:
GREECE: Successfully pulls off a five-billion euro bond issue that was massively over-subscribed, indicating the investors loved the 6.5% yield: The Star: The bond was three times oversubscribed – meaning demand exceeded available bonds....a positive sign...
Lets see what will be a next issue in Europe that can drag and or support Euro. :)
USD/JPY has shown a strong change in trend on H1 and H4 chart breaking some key levels like 88.88 and 89.50....at the moment holding above 90.20.
Gold holding strongly above 1130.85 level (See chart on the blog for ref.)
S&P 500 above a key level 1123.15 (Tech) and CME number 1122..if we can hold this strongly bullish.
My performance have been documented as 4.83% higher than last weeks close.
Have a great weekend.
Thursday, March 4, 2010
EUR/USD Before US non F Pay roll and Unemployment figure
USA non farm paytroll and unemployment figure is coming out later today. All eyes on that figuer.
Gold is still holding above 1130.85
EUR/USD See technical Picture:
All moving averages are in the consolidation channel with the previous trend being Bearish.
I am watching some key technical levels on Dollar index (80.36) which is holding above 50, 100 and 200 SMA.
S&P 500 (1115.10) and DJ (10376) indexes and futures are consolidating/ maintaining their gains.
Recommendation:
Sit back and fish for the opportunity to come to you rather jumping in the pond.
Identify the risk part (Very important).
Gold is still holding above 1130.85
EUR/USD See technical Picture:
All moving averages are in the consolidation channel with the previous trend being Bearish.
I am watching some key technical levels on Dollar index (80.36) which is holding above 50, 100 and 200 SMA.
S&P 500 (1115.10) and DJ (10376) indexes and futures are consolidating/ maintaining their gains.
Recommendation:
Sit back and fish for the opportunity to come to you rather jumping in the pond.
Identify the risk part (Very important).
Wednesday, March 3, 2010
Sunday, February 28, 2010
Week FEB 28 - March 25
Weekly Goal:
1:Pay myself as the market makes money available for me.
2: Carefree state of mind and continuously monitor and reevaluate my susceptibility for making errors.
Gold is looking again bullish with a nice move back above 100 day moving average 1107.40. Lets see if we are able to hold above 1120. Seems like investors are buying this commodity on the dips below 1090. See daily Chart.
EUR/USD
This pair is consolidating in a range 300-350 pips
Supports levels to watch are : 1.3594 / 1.3549 / 1.3500/ 1.3457(STRONG)
Resistance levels to watch are : 1.3601 / 1.3627/ 1.3691 / 1.3745 / 1.3820 (Strong with 200 SMA on the H4)
Ill be watching these levels on the H1 for entries on the Hourly candles for 10 - 20 pips in between the levels. A break below is 1.3457 will lead to a strong bearish push towards 1.3208. For a change in the trend the pair as to move above 200 SMA on the H4 chart, break the set trend line coming from 1.5140 high last year and hold above 1.3848 on the daily chart.
See hourly chart.
Usd/Jpy
Moving down a break of 88.54 will be watched and while moving up I will be watching 100 day MA and 89.51 level.
GBP/USD
Week ope around 80 pips below the last weeks closing price.
This pair is on the bonus round and might be targeting 1.5080 and is might be in a set for a rebound around there.
Support around 1.5080 / 1.5018
Resistance at 1.5188 / 1.5324 / 1.5473 / 1.5575
A rebound in the pair might lead to dollar weakness and will help EUR/USD move higher as well.
Dollar index is below 100 SMA and above 200 Sma on the Hourly chart.
I am watching
Support: 80.07 / 79.54
Resistence: 80.74 / 81.11 / 81.34 (Double tops).
1:Pay myself as the market makes money available for me.
2: Carefree state of mind and continuously monitor and reevaluate my susceptibility for making errors.
Gold is looking again bullish with a nice move back above 100 day moving average 1107.40. Lets see if we are able to hold above 1120. Seems like investors are buying this commodity on the dips below 1090. See daily Chart.
EUR/USD
This pair is consolidating in a range 300-350 pips
Supports levels to watch are : 1.3594 / 1.3549 / 1.3500/ 1.3457(STRONG)
Resistance levels to watch are : 1.3601 / 1.3627/ 1.3691 / 1.3745 / 1.3820 (Strong with 200 SMA on the H4)
Ill be watching these levels on the H1 for entries on the Hourly candles for 10 - 20 pips in between the levels. A break below is 1.3457 will lead to a strong bearish push towards 1.3208. For a change in the trend the pair as to move above 200 SMA on the H4 chart, break the set trend line coming from 1.5140 high last year and hold above 1.3848 on the daily chart.
See hourly chart.
Usd/Jpy
Moving down a break of 88.54 will be watched and while moving up I will be watching 100 day MA and 89.51 level.
GBP/USD
Week ope around 80 pips below the last weeks closing price.
This pair is on the bonus round and might be targeting 1.5080 and is might be in a set for a rebound around there.
Support around 1.5080 / 1.5018
Resistance at 1.5188 / 1.5324 / 1.5473 / 1.5575
A rebound in the pair might lead to dollar weakness and will help EUR/USD move higher as well.
Dollar index is below 100 SMA and above 200 Sma on the Hourly chart.
I am watching
Support: 80.07 / 79.54
Resistence: 80.74 / 81.11 / 81.34 (Double tops).
Sunday, February 21, 2010
Feb 21-26 Trading week
Gold: Opens above a key level for me: 1118.80
Week open price 1125.80
Oil : Above 80 but immediate support at 79.29 and then 77.65
==================================
Weekly focus:
1:Money management.
2:Keeping thing/ approach simple.
3:Trend is my best friend.
4:Implementation of my trading method and building confidence.
5: Absolutely no expectations from the market.
=======================
EUR/USD (Trading on H1 Chart)
EUR/USD opens week higher than the last weeks closing price: A bullish signal.
Bullish above: 1.3616 and or above 1.3657 (This is a 61.8% ret and previous resistance)
Above that I am watching 1.3714 and then the channel resistance and a resistance level 1.3788/1.3800).
However, selling the highs is another good approach as EURO zone is facing lot of challenges and a move above 1.3850 is the only confirmation of trend change.
USD/JPY (Trading on Daily Chart)
Support 91.27 and Resistance 92.27 (where 200 SMA is present on the daily chart)
GBP/USD
Last week the pair broke a key support level at 1.5575/1.5554 : Now should act as a Resistance. The pair is in the retracement. Looking to find entry on the resistance levels.
Week open price 1125.80
Oil : Above 80 but immediate support at 79.29 and then 77.65
==================================
Weekly focus:
1:Money management.
2:Keeping thing/ approach simple.
3:Trend is my best friend.
4:Implementation of my trading method and building confidence.
5: Absolutely no expectations from the market.
=======================
EUR/USD (Trading on H1 Chart)
EUR/USD opens week higher than the last weeks closing price: A bullish signal.
Bullish above: 1.3616 and or above 1.3657 (This is a 61.8% ret and previous resistance)
Above that I am watching 1.3714 and then the channel resistance and a resistance level 1.3788/1.3800).
However, selling the highs is another good approach as EURO zone is facing lot of challenges and a move above 1.3850 is the only confirmation of trend change.
USD/JPY (Trading on Daily Chart)
Support 91.27 and Resistance 92.27 (where 200 SMA is present on the daily chart)
GBP/USD
Last week the pair broke a key support level at 1.5575/1.5554 : Now should act as a Resistance. The pair is in the retracement. Looking to find entry on the resistance levels.
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