Archive for June, 2011

Thurs June 30

30 June 2011 - 11:59 am UTC

USDCHF and EURCHF basing on daily chart continues and more
upside expected.

EURUSD short 1.4469 [c 1.4479]

EURUSD short 1.4460 [c 1.4465]

AUDJPY short 86.199 [c 86.219]

EURUSD short 1.4472 [c 1.4475]

EURCHF long 1.2072 [c 1.2192]

USDCHF long 0.8341 [c 0.8347]

AUDJPY short 86.220 [c 86.321]

GBPUSD short 1.6094 [c 1.6002]

XAGUSD short 34.823 [c 34.864]

AUDJPY short 86.318 [c 86.321]

EURCHF long 1.2052 [c 1.2053]

More equity rally and USD selling until quarter end it seems.

EURUSD long 1.4476 [c 1.4484]
EURCHF long 1.2011 [c 1.2051]
USDCHF long 0.8348 [c 0.8319]

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Wed June 29

29 June 2011 - 9:35 am UTC

EURCHF long 1.2011

USDCHF long 0.8348

EURCHF is bottoming on daily chart.

The SP500/DOW buy support and basing over past weeks has resulted
in a rally. Daily chart is now neutral and weekly is bearish.
Overall bearish picture has not changed.

EURUSD long 1.4434 [c 1.4386]
AUDUSD long 1.0542 [c 1.0599]
XAUUSD long 1504.10 [c 1508.65]
EURUSD gives choppy bullish warning.
AUDUSD short 1.0545 [c 1.0536]
EURUSD short 1.4349 [c 1.4352]
AUDJPY short 85.295 [c 85.308]

Tues June 28

28 June 2011 - 10:49 am UTC

Gold and Silver want to resume their downtrend.

XAGUSD short 33.868

EURUSD bullish warning continues.

AUDUSD long 1.0495 [c 1.0515]

XAGUSD long 33.951 [c 33.895]

Gold and Silver intra day chart reverts to bullish. Daily
remains neutral.

EURCAD short 1.4089 [c 1.4088]

USD sell pressure and Euro buy support reverses once again.
This fluctuation will probably continue until the equity crash
starts.

The S&P500 chart pattern (top of page) and my long term
indicators unfortunately guarantee an impending crash.

That SP500/DOW recurring buy support and resultant basing hasn’t
finished yet. Daily/weekly charts remain bearish though.

USDCAD short 0.9865 [c 0.9862]

Mon June 27

27 June 2011 - 5:03 am UTC

USDCAD short 0.9865

XAGUSD short 33.687 [c 33.728]

USDCAD short 0.9880 [c 0.9874]

Gold / Silver daily chart is neutral.

EURAUD basing on daily and weekly chart continues and further
upside expected.

EURAUD long 1.3602 [c 1.3671]

USDJPY long 80.702 [c 80.732]

USDCAD short 0.9883 [c 0.9892]

Gold / Silver bearish daily chart strengthens.

XAGUSD short 33.903 [c 33.974]

USDJPY choppy basing on daily chart continues and warns of
an impending rally.

XAGUSD short 34.172 [c 34.067]
USDCAD long 0.9886 [c 0.9897]
EURAUD long 1.3535 [c 1.3532]
XAGUSD short 34.672 [c 34.221]

Fri June 24

24 June 2011 - 3:24 pm UTC

XAGUSD short 34.672

XAUUSD short 1508.10 cancelled

Don’t forget EURUSD daily / weekly charts are definitely
bearish and vice versa USD so it’s only a matter of time
before EURUSD rolls over and stocks drop significantly.

Gold and Silver short signal fluctuates as daily/weekly are
sideways.

XAGUSD short 34.723 [c 34.560]
GBPUSD long 1.6011 [c 1.6005]
EURUSD short 1.4238 [c 1.4220]
XAGAUD short 34.196 [c 33.067]

Thurs June 23

23 June 2011 - 12:14 pm UTC

EURUSD short 1.4185 [c 1.4201]
USDCAD long 0.9815 [c 0.9793]

WILE E. COYOTE CORRECTION RESUMES …

Originally posted Feb 16, 2011 and my opinion has not changed:
When DOW/S&P500 correction gathers momentum, I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL.

EURGBP short 0.8876 [c 0.8889]

Gold and Silver short signal continues.

XAGAUD and XAGUSD gives short signal.
XAGAUD short 34.196

DOW/SP500/EURUSD weakness and USD strength continues. More
equity downside expected. Last futs 11,995

USDJPY bullish basing chop on daily chart continues – it
should rally eventually…

EURUSD short 1.4300 [c 1.4148]
DOW/SP500/EURUSD weakness and USD strength continues.
EURGBP short 0.8927 [c 0.8906]
EURUSD short 1.4376 [c 1.4307]
USDCAD long 0.9732 [c 0.9731]

Wed June 22

22 June 2011 - 11:16 am UTC

EURGBP short 0.8927

EURUSD short 1.4376

Back to the familiar pattern of USD strength.

USDCAD long 0.9732

DOW/SP500 previous basing (ie bullish) has resulted in another
(short covering) rally. Does not change the overall bearish outlook.

EURUSD long 1.4393 [c1.4407]
EURAUD long 1.3581 [c 1.3577]
USDCAD long 0.9721 [c 0.9733]
XAGAUD short 34.095 [c 34.121]
EURGBP short 0.8871 [0.8904]
EURAUD long 1.3586 [c 1.3577]

Tues June 21

21 June 2011 - 10:21 am UTC

USDCAD long 0.9721

EURGBP short 0.8871

EURUSD long 1.4400 [c 1.4401]

EURAUD long 1.3586

EURO buy support / USD selling.

EURUSD long 1.4377 [c 1.4391]

EURGBP short 0.8866 [c 0.8863]

USDCZK long 16.8313 [c 16.8471]

EURO / USD neutral undecided.

DOW/SP500 choppy basing mentioned since last week has now
morphed into a tentative bottom so more upside is possible.
Doesn’t change overall bearish outlook though. Futs last 12,061

EURGBP long 0.8861 [c 0.8866]

EURO buy support / USD sell pressure returns.

EURAUD protracted choppy basing is now bullish.

EURUSD and USD reverts to neutral as daily/weekly charts exert
their influence once again. As mentioned, when USD rally does
gain momentum it’s likely to be a rapid and substantial move.

Mon June 20

20 June 2011 - 5:16 am UTC

EURGBP long 0.8832 [c 0.8829]

DOW/SP500 buy support and choppy basing returns …
EURUSD buy / USD sell returns.

EURUSD long 1.4391 [c 1.4352]

NZDUSD short 0.8069 [c 0.8075]

USDCZK long 16.9113 [16.8993]

EURUSD and DOW/SP500 weakness returns. Last 1.4230

If there is any EURUSD upside this week it won’t change the
bearish big picture. Last 1.4271

NZDUSD short 0.8123 [c 0.8105]
EURSEK short 9.1618 [c 9.1694]

Sat June 18

18 June 2011 - 10:47 am UTC

EURUSD daily chart shows the potential for more short term upside.
Weekly shows the bigger picture with price also converging towards
apex of triangle where a breakout will occur. Medium and long term
indicators continue to warn of significant EURUSD weakness and USD
strength. [EDIT: it’s an 8hr chart not a daily)