EUR/USD Testing

EUR/USD is testing a strong resistance levels : Which includes 200SMA, trend line from last years high and a short term target level 1.3735. If we break and retest we might move above 1.3800 next week.

If you evaluate the weekly chart: The candles in decision leading to a bullish decision (of this week) can push the pair up toward major psychological level 1.4000

See H4 chart:







Note: Levels I am watching are marked with yellow horizontal lines.

AUD/USD Target hit

Pair reaches its short term target now eyes on unemployment number:

See Chart H4.

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.

GBP/USD H1 Chart

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.

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.

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.

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).

Weekly Curve