Archive for December, 2010

Fri Dec 31

31 December 2010 - 2:09 pm UTC

AUDEUR short 0.7678
AUDNZD short 1.3401

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Thurs Dec 30

30 December 2010 - 11:45 am UTC

SP500/DOW/FTSE daily charts give bearish warnings.
*
DAX index daily chart has broken out of the rising wedge. (bearish)
*
EURUSD daily chart bullish signal continues. Weekly chart is neutral
and tracking sideways. Monthly chart is tracking sideways and
continues to give bearish warnings. Vice versa for USD.
*

As mentioned earlier, gold monthly chart looks parabolic and is a long
way from the long term trend line shown in green. Long term price
action is converging. Chart patterns like this can reverse similar to
how they went up…
*
I think it’s time I updated my XAUUSD (gold in USD) monthly chart …
*
AUDEUR short 0.7678
*
AUDGBP short 0.6568 [closed 0.6567]
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AUDGBP short 0.6568
AUDNZD short 1.3401

DOW/SP500/FTSE/DAX daily charts remain overbought and
overextended.

Wed Dec 29

29 December 2010 - 9:22 am UTC


DAX index weekly chart above shows probable rising wedge pattern which is bearish when confirmed.
*
AUDNZD short 1.3401
AUDEUR short 0.7617 [closed 0.7653]

Tues Dec 28

28 December 2010 - 12:19 pm UTC

USDCHF weekly chart shows a possible head and shoulders
which is a bearish pattern when confirmed.
*
An interesting site I just found ~
S&P500 Financial Sentiment Monitoring:
http://www.sentigo.com/feature/charts/market/period=365

*

DOW 4 hr chart above shows possible rising wedge: a bearish pattern when confirmed.
*
DOW/SP500 daily chart remains overbought and overextended.
As mentioned, although market intervention has delayed the much
needed correction it can not stop it. Reminiscent of 2007/2008 the
more overextended the market becomes – the more pronounced
the overdue correction will be.
*
The tortuous EURUSD and USD short term charts continue to
fluctuate in direction. EURUSD daily chart gives bullish warnings.
Weekly chart is neutral and tracking sideways. Monthly chart is
tracking sideways and continues to give bearish warnings.
Vice versa for USD.
*
AUDEUR short 0.7617
*
AUDGBP short 0.6497 [closed 0.6509]

Mon Dec 27

27 December 2010 - 9:07 am UTC

AUDNZD short 1.3401
*
USDCHF long 0.9619 [closed 0.9609]
*
AUDGBP short 0.6497
USDCHF long 0.9619

Fri Dec 24

24 December 2010 - 9:23 am UTC

USDCHF long 0.9619
*
USDCHF long 0.9577 [closed 0.9573]
*
USDCHF long 0.9577
AUDGBP short 0.6497
*
AUDGBP short 0.6510 [closed 0.6500]
*
AUDGBP short 0.6510

Thurs Dec 23

23 December 2010 - 6:21 pm UTC

XAUUSD [Gold in USD] daily chart gives bear signal. Monthly
parabolic chart should not be ignored. Last price 1,387
*
USDCHF long 0.9602 [closed 0.9618]
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USDDKK long 5.6960 [closed 5.6983]
USDSGD long 1.3066 [ closed 1.3057]
*
USDSGD long 1.3066
*
USDCHF long 0.9602
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USDDKK long 5.6960
USDCHF long 0.9529 [closed 0.9585]
*
USD short term strength returns again. This happens because USD
larger time frames continue to give bullish warnings.
*
USDCHF long 0.9529

Wed Dec 22

22 December 2010 - 11:37 am UTC

The v e r y overdue USD rally shouldn’t be too far away …
*
USDCAD short 1.0156 [closed 1.0138]
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USDCAD short 1.0156
*
EURUSD long 1.3130 [closed 1.3128]
*
Yet more sideways chop…
NZDUSD short 0.7447 [closed 0.7411]
USDHUF long 210.99 [closed 210.82]

Tues Dec 21

21 December 2010 - 10:50 am UTC

USDCHF long 0.9597 [ closed 0.9598]
*
USDCHF long 0.9597
USDHUF long 210.99
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NZDUSD short 0.7447
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NZDUSD short 0.7458 [closed 0.7454]


DOW monthly chart above shows key resistance around 11,550
*
NZDUSD short 0.7458
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USDCAD long 1.0149 [closed 1.0173]
EURUSD short 1.3338 [closed 1.3161]

Mon Dec 20

20 December 2010 - 8:21 am UTC

USDCHF long 0.9650 [closed 0.9667]
*
USDCHF long 0.9650
USDCAD long 1.0149
EURUSD short 1.3338
*
Medium and long term indicators still warn of USD strength and
EURO / DOW / SP500 etc. weakness.
*
USDSGD daily and weekly charts remain bullish.
*
EURUSD short 1.3338
AUDJPY short 83.112 [closed 83.03] More sideways chop.