Lt Sweet Crude Dec Fut – Long only on pullbacks – Boss shows a penetration of the large up TL but the close is above it. Worker has a classic, deep hammer. Long above 76.50 BUT there are 3 SR levels above that so RR Ratio is questionable.
Nat Gas – Boss gives us a HL as the weekly close was a bull bar above last weeks spining top. Long only above the monthly 20ema at 5.45.
Gold – Monthly Bull Candle breaking old highs. 4th Boss bull trend candle after BO test 4 weeks' ago. Wary of the parabolic rise and I would imagine a pullback soon. Worker gives a hanging man candle so warning of possible lower prices in the short term. Neutral.
DowJones Sep Fut -(YMZ9) – Trend is still up. Boss gives a bear spinning top candle but still within the wedge TLs. Worker shows a hammer of sorts so long above 10380. You should take every with trend opportunity offered.
FTSE Fut (FFIZ9)– Boss is still in a bull trend but last week's close was bearish candle still on the 5300 level. Worker looks twitchy with a large bear then bull candle off the 5099 SR level. Long above 5300 but only short once we have had a TL break and retest.
Cable – Boss shows a spinning top doji, still range bound so NEUTRAL unitl we have a range BO.
Gbpyen. - Boss still in major uptrend but minor down move. Worker has broken out of pennant to downside and is below Mas. Worker gives a deep hammer so long above 143.70 as poss double bottom test and test of BO from Jan 09.
Gbpchf – Boss still in UP minor trend in larger down trend. Worker gives hammer but RR is crap to the descending TL from the double top high. Wedge pattern before still looks like a bear flag so I'm only looking to short this pair below 1.6490.
Eurusd – Boss shows a BUEB. The PA bounced right of the 76% retrace last week so this is the last major Fib level of any relevance. Worker PA bounced off the daily 50sma so long only still above the 1.5030 level.
Audusd – Monthly still in Up trend but if this week goes lower we will have a text book Shooting Star. Boss shows bear candle. Worker shows a bear close under the broken up TL. Penetrated the 50sma but not the last low of up trend. Short below 0.8898
Usdchf – Poss bottom double bottom forming but would like to see a significant HL before long and a close above the SR at 1.0250 before long – Neutral.
Usdcad – Boss IB Bear hanging man candle PA stuck at the 1.0684 SR level so until it breaks that with a good bull close above 1.07814 Neutral.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker yet to show a HL so still short only. Poss bottom but who knows?
Euryen – Boss still rangebound; Bear close last week. Worker gives a text book hammer off SR and Fib. Long only above 130.30, short below 126.68 SR level.
Eurgbp – Boss still bullish off the major and minor up TL's. Worker gives a shooting star off the 0.9086 SR. Excellent Low 3 set up so short below 0.9055
Eurnzd – Long only here as we have a confirmed TL break, test and a higher low. Long above the 2.1253 level as the last major H of the downtrend.
Gbpcad – Boss still in major down move but we had a deep rejection of 1.6290 level and trapped below the SR at 1.7711. Recent worker trend is up with a 2nd HL so long above 1.7711 short below 1.7350.
Nzdusd – Monthly Shooter still in play with low broken. Short below 0.7000 level. Long above 0.7156 level on worker Hammer and deep double bottom test. Should now test old trends extreme at 0.7460.
Audyen – Closed below the 82.00 level and last high of UP Trend test. Confirmed LH on boss with BEEB. Short only but worker gives a hammer. With thr major TL broke I'm waiting for a test of the old trend extreme then short prob at 82.00 level.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand. Boss gave us an IB last week but looks like a failed Bull BO. Wait for good close above Mas before action.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a HL so long only above 1.8500
CadJpy – Boss bear close just below SR at 81.91. Broke last low of up trend but worker gives a perfect hammer, so long above 81.91 to next SR at 84.49.
NzdJpy - Monthly Shooter – Boss has 3 major TL breaks. Worker give a hammer off the 60.00 SR level but after TL breaks NEUTRAL.
29 Nov 2009
22 Nov 2009
Weekly Analysis - WE 29 Nov 09
Lt Sweet Crude Oct Fut – Long only on pullbacks – Boss shows inverted doji again and looks like a bull flag. Still above rising TL and monthly 50sma.
Nat Gas – Weekly gap up last week but ended in a bear Spinning top. Could be a LH from the last high. Wait for HL to establish before going Long.
Gold – Monthly Bull Candle breaking old highs. 3rd Boss bull trend candle after BO test 2 weeks' ago. Long Only.
DowJones Sep Fut -(YMZ9) – Weak boss close as a poss channel /wedge overshoot. Wait for confirmation then Short only below 10000 level.
FTSE Fut (FFIZ9)– Boss is still in a bull trend but last week's close was bearish spinning top on the 5300 level. Worker gives a hammer and as Al Brooks said - “you should take every with trend entry offered.” So, long above 5315! Short below the boss 20ma and hammer base of 5215.
Cable – Boss shows a BEOB in a topping formation, short only below last low at 1.6500.
Gbpyen. - Boss still in major uptrend but minor down move. Worker has broken out of pennant to downside and is below Mas. Short only esp if last low at 145.70 is broken.
Gbpchf – Weekly shooting star at top of bear flag and 20/50 clustered MAs. Short below 1.6750.
Eurusd – Boss shows a BEEB. Short below 1.4780 after double top on worker.
Audusd – Monthly still in Up trend. Boss shows BEOB. Worker gives a hammer and as it's off the rising TL one should take the long above .9225. If TL goes there will be test of the break so wait for that test before short.
Usdchf – Poss bottom forming but would like to see a significant HL before long and a close above the SR at 1.0250 before long – Neutral.
Usdcad – Boss IB (bull). If high of last 2 weeks ago is broken then we have a confirmed HL. Close above 1.0780 would be bullish.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker yet to show a HL so still short only.
Euryen – Boss still rangebound; Bear close last week. On good SR level so if 131.70 goes – short only.
Eurgbp – Boss bullish close but still within the hanging man from previous week. Still above major UP TL so long only as market tested the recent BO high of the last minor down move last week and bounced off it.
Eurnzd – Long only here as we have a confirmed TL break, test and a higher low. Boss gives a BUOB and close above both worker MAs. Long.
Gbpcad – Boss IB. Worker Shooting Star in control still so short below 1.7586.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short. Boss shows a BEOB and LH. She's coming back to Earth troops! Short only.
Audyen – Closed below the 82.00 level and last high of UP Trend test. Confirmed LH on boss with BEEB. Short only.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand. Boss gave us an IB last week. Wait for IB break.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a bull IB (bodies).
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Worker TL broken and tested. Short only
Nat Gas – Weekly gap up last week but ended in a bear Spinning top. Could be a LH from the last high. Wait for HL to establish before going Long.
Gold – Monthly Bull Candle breaking old highs. 3rd Boss bull trend candle after BO test 2 weeks' ago. Long Only.
DowJones Sep Fut -(YMZ9) – Weak boss close as a poss channel /wedge overshoot. Wait for confirmation then Short only below 10000 level.
FTSE Fut (FFIZ9)– Boss is still in a bull trend but last week's close was bearish spinning top on the 5300 level. Worker gives a hammer and as Al Brooks said - “you should take every with trend entry offered.” So, long above 5315! Short below the boss 20ma and hammer base of 5215.
Cable – Boss shows a BEOB in a topping formation, short only below last low at 1.6500.
Gbpyen. - Boss still in major uptrend but minor down move. Worker has broken out of pennant to downside and is below Mas. Short only esp if last low at 145.70 is broken.
Gbpchf – Weekly shooting star at top of bear flag and 20/50 clustered MAs. Short below 1.6750.
Eurusd – Boss shows a BEEB. Short below 1.4780 after double top on worker.
Audusd – Monthly still in Up trend. Boss shows BEOB. Worker gives a hammer and as it's off the rising TL one should take the long above .9225. If TL goes there will be test of the break so wait for that test before short.
Usdchf – Poss bottom forming but would like to see a significant HL before long and a close above the SR at 1.0250 before long – Neutral.
Usdcad – Boss IB (bull). If high of last 2 weeks ago is broken then we have a confirmed HL. Close above 1.0780 would be bullish.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker yet to show a HL so still short only.
Euryen – Boss still rangebound; Bear close last week. On good SR level so if 131.70 goes – short only.
Eurgbp – Boss bullish close but still within the hanging man from previous week. Still above major UP TL so long only as market tested the recent BO high of the last minor down move last week and bounced off it.
Eurnzd – Long only here as we have a confirmed TL break, test and a higher low. Boss gives a BUOB and close above both worker MAs. Long.
Gbpcad – Boss IB. Worker Shooting Star in control still so short below 1.7586.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short. Boss shows a BEOB and LH. She's coming back to Earth troops! Short only.
Audyen – Closed below the 82.00 level and last high of UP Trend test. Confirmed LH on boss with BEEB. Short only.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand. Boss gave us an IB last week. Wait for IB break.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a bull IB (bodies).
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Worker TL broken and tested. Short only
16 Nov 2009
Nat Gas setting up long?
This could be an excellent pairs trade with Oil - Long Gas, short Oil to close the divergence of price.
15 Nov 2009
Weekly Analysis - WE 22 Nov 09
Lt Sweet Crude Dec Fut – Long only on pullbacks – Boss shows inverted hammeragain, Closed above Mas and NO TL break yet so still long only.
Nat Gas – 4th Boss down trend bar and up TL break. Wait for a test of the BO level and poss retrace after the TL break back up to a HH or LH. Expected move after the major down trend line was breached on strong momentum so expecting a higher low test. Wait for HL to establish before going Long.
Gold (Spot)– Monthly Bull Candle breaking old highs. 2nd Boss bull trend candle after BO test 2 weeks' ago. Long Only.
DowJones Dec Fut -(YMZ9) – Monthly Doji high broken. Boss bull trend after the down TL break. After such a strong TL break there will be a retest of the BO poss back to 8944 level. Too bid for me; Worker shows a steep rising wedge with a pattern overshoot. Wait for confirmation then Short only below 10000 level.
FTSE Fut (FFIZ9)– Boss trying a 2nd BO of the 5300 level. Poss double top here with worker showing 3 dojis. If the 5300 level is rejected expect a test of the last BO level back at 4477. Too bid for me, so wait for trend change and poss short.
Cable – Boss shows a perfect doji and poss LH from the Shooting Star high some weeks back. 1.6750 level seems key so if it's rejected, short only below last low at 1.6500.
Gbpyen. - Boss still in minor Barbwire but still above the TL from the lows. Long above 153.90 and short below 145.00. Worker in pennant shape, so expect an explosive move when she goes but side with short to main TL after Dbl Top.
Gbpchf – Weekly Hang Man candle below the Mas on boss that are on top of one another. PA stuck underneath them and last UP TL so short only on pullbacks on the worker. Worker shows Shooting Star on Fri so short below 1.6832.
Eurusd – Boss shows a weak shooting star and LH after the BEEB 2 weeks ago. Still above steep TL so until that is broken its long only. Careful of poss LH Dbl top – if the test of the BO level at 1.4800 goes then get short.
Audusd – Monthly still in Up trend. Worker shows poss HH double top. Still above the TL though so until that breaks it's long only.
Usdchf – Boss give a hammer 2nd low poss dbl bottom. Still in major down trend so until the last high of that trend at 1.0350 goes it's short on pullbacks.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss shows a bear candle but worker gives poss HL with a BUOB. This looks like a test of the major down trend break with a HL. PA is above the down trend line so the hammer is still the controlling candle – long above candle high at 1.110.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker shows a BEEB on Fri so short below that at 89.45.
Euryen – Boss still rangebound; Poss weak S Star last week. Line chart above the TL from lows still, so long only above 135.40.
Eurgbp – Hang' Man last week. Worker is rangebound and stuck sideways. Unsure so Neutral.
Eurnzd – Boss gapped lower last week but still above the low of the BUEB previously. Major down TL broken so could be a test of that BO. Wait for a HL before any longs. Neutral.
Gbpcad – Boss LH with BEEB last week from previous Hang' Man candle. Back below the SR at 1.771 so short only with trend.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short.
Audyen – Up trend still intact so long only above the last high at 85.00. Worker looking weak though with various dojis. Wait for a test of the last BO from the 82.00 level before anything.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a poss HL IB. Long only above 1.8500.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Worker shows poss test of underside of the up TL. Short only below 62.88.
Nat Gas – 4th Boss down trend bar and up TL break. Wait for a test of the BO level and poss retrace after the TL break back up to a HH or LH. Expected move after the major down trend line was breached on strong momentum so expecting a higher low test. Wait for HL to establish before going Long.
Gold (Spot)– Monthly Bull Candle breaking old highs. 2nd Boss bull trend candle after BO test 2 weeks' ago. Long Only.
DowJones Dec Fut -(YMZ9) – Monthly Doji high broken. Boss bull trend after the down TL break. After such a strong TL break there will be a retest of the BO poss back to 8944 level. Too bid for me; Worker shows a steep rising wedge with a pattern overshoot. Wait for confirmation then Short only below 10000 level.
FTSE Fut (FFIZ9)– Boss trying a 2nd BO of the 5300 level. Poss double top here with worker showing 3 dojis. If the 5300 level is rejected expect a test of the last BO level back at 4477. Too bid for me, so wait for trend change and poss short.
Cable – Boss shows a perfect doji and poss LH from the Shooting Star high some weeks back. 1.6750 level seems key so if it's rejected, short only below last low at 1.6500.
Gbpyen. - Boss still in minor Barbwire but still above the TL from the lows. Long above 153.90 and short below 145.00. Worker in pennant shape, so expect an explosive move when she goes but side with short to main TL after Dbl Top.
Gbpchf – Weekly Hang Man candle below the Mas on boss that are on top of one another. PA stuck underneath them and last UP TL so short only on pullbacks on the worker. Worker shows Shooting Star on Fri so short below 1.6832.
Eurusd – Boss shows a weak shooting star and LH after the BEEB 2 weeks ago. Still above steep TL so until that is broken its long only. Careful of poss LH Dbl top – if the test of the BO level at 1.4800 goes then get short.
Audusd – Monthly still in Up trend. Worker shows poss HH double top. Still above the TL though so until that breaks it's long only.
Usdchf – Boss give a hammer 2nd low poss dbl bottom. Still in major down trend so until the last high of that trend at 1.0350 goes it's short on pullbacks.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss shows a bear candle but worker gives poss HL with a BUOB. This looks like a test of the major down trend break with a HL. PA is above the down trend line so the hammer is still the controlling candle – long above candle high at 1.110.
USDYEN – Boss still in major down trend. No TL breaks yet so short only. Worker shows a BEEB on Fri so short below that at 89.45.
Euryen – Boss still rangebound; Poss weak S Star last week. Line chart above the TL from lows still, so long only above 135.40.
Eurgbp – Hang' Man last week. Worker is rangebound and stuck sideways. Unsure so Neutral.
Eurnzd – Boss gapped lower last week but still above the low of the BUEB previously. Major down TL broken so could be a test of that BO. Wait for a HL before any longs. Neutral.
Gbpcad – Boss LH with BEEB last week from previous Hang' Man candle. Back below the SR at 1.771 so short only with trend.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short.
Audyen – Up trend still intact so long only above the last high at 85.00. Worker looking weak though with various dojis. Wait for a test of the last BO from the 82.00 level before anything.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. Rangebound but worker still below dbl top bear flag. Wait for market to show hand.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Worker shows a poss HL IB. Long only above 1.8500.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Worker shows poss test of underside of the up TL. Short only below 62.88.
11 Nov 2009
USDCHF - Poss action??
Like Dr Joe said, it keeps going down till it starts going up. Still going down here but with usdcad having a monthly hammer things could start to turn for the $
7 Nov 2009
Weekly Analysis 7 Nov 09
Lt Sweet Crude Oct Fut – Long only on pullbacks – Boss shows inverted hammer. Closed above Mas and NO TL break yet so still long only.
Nat Gas – 3rd Boss down trend bar and up TL break. Wait for a test of the BO level and poss retrace after the TL break back up to a HH or LH. Expected move after the major down trend line was breached so expecting a higher low test. Wait for HL to establish before going Long.
Gold – Monthly Bull Candle breaking old highs. Boss bull trend candle after BO test last week. Long Only.
DowJones Sep Fut -(YMZ9) – Monthly Doji high still in control. Boss bull trend bar but not above highs from previous weeks. Major tussle at meeting of a bull/bear TL. Wait for resolution but with no TL break it's still long only until that happens.
FTSE Fut (FFIZ9)– Boss IB candle body that rinsed shorts last week by taking out BEEB low by a few pips then reversing. Short below the 4910 level as we have had 2 TL breaks with the first followed by a HH test.
Cable – Monthly BUEB. Boss S/Star 3 weeks ago still the controlling candle as PA trapped below the monthly 20ema although closed above the descending TL – Short only on pullbacks unless high of shooter and monthly 20ema is breached.
Gbpyen. - Boss bull candle but still below major descending TL after a dbl top. Short only on pullbacks. Note close correlation with indices.
Gbpchf – As above – Boss seems to be in a bear flag. Still below the boss 20/50 Mas. Expect a LL/HL test of the bottom back in Oct 13
Eurusd – Boss IB (body). No TL breaks of note so still long only. Caution though as could be forming a RHS of a H&S pattern.
Audusd – Monthly still in Up trend. No TL breaks so still long only.
Usdchf – Monthly shows a hammer and poss HL after the low from Dec 07. 1.0258 level is a major level and have a bear IB (body). Still in downtrend so short below break of boss IB.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss still gave a bear hanging man. Unless last high of down move is taken out at 1.100 level it's still short on pullbacks.
USDYEN – At base of recent bear channel after a channel breach that gave us a hammer. Boss shows inverted hammer. Wait for swing to show, but could be putting a bottom in here so I would side with long above the BEOB at 92.40 level. This could also point to equities falling soon.
Euryen – Monthly is in BarbWire but last candle was a shooter. Boss still below last weeks high and stuck in range. Neutral.
Eurgbp – Boss shows inverted hammer above the boss 20ema that is sitting ion the 50sma. Still long only above top of Inv Hammer at .9100 SR level.
Eurnzd – Boss Doji above the previous boss BUEB. Not convinced with long just yet as the TL break was very weak and a poss bull trap. Would like to see bullish PA on the descending TL giving a test for long. Neutral.
Gbpcad – Boss Hanging Man just rejecting the boss 50sma. Still short only on this pair. Worker looks like a dbl top bear flag so short below 1.7464 level.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short.
Audyen – Looking toppy – doji close on worker on Fri. Could be a LH so short below the 81.27 SR level should It go.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. PA in large pennant – neutral.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Long only above 1.8500.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Short only below 62.88.
Nat Gas – 3rd Boss down trend bar and up TL break. Wait for a test of the BO level and poss retrace after the TL break back up to a HH or LH. Expected move after the major down trend line was breached so expecting a higher low test. Wait for HL to establish before going Long.
Gold – Monthly Bull Candle breaking old highs. Boss bull trend candle after BO test last week. Long Only.
DowJones Sep Fut -(YMZ9) – Monthly Doji high still in control. Boss bull trend bar but not above highs from previous weeks. Major tussle at meeting of a bull/bear TL. Wait for resolution but with no TL break it's still long only until that happens.
FTSE Fut (FFIZ9)– Boss IB candle body that rinsed shorts last week by taking out BEEB low by a few pips then reversing. Short below the 4910 level as we have had 2 TL breaks with the first followed by a HH test.
Cable – Monthly BUEB. Boss S/Star 3 weeks ago still the controlling candle as PA trapped below the monthly 20ema although closed above the descending TL – Short only on pullbacks unless high of shooter and monthly 20ema is breached.
Gbpyen. - Boss bull candle but still below major descending TL after a dbl top. Short only on pullbacks. Note close correlation with indices.
Gbpchf – As above – Boss seems to be in a bear flag. Still below the boss 20/50 Mas. Expect a LL/HL test of the bottom back in Oct 13
Eurusd – Boss IB (body). No TL breaks of note so still long only. Caution though as could be forming a RHS of a H&S pattern.
Audusd – Monthly still in Up trend. No TL breaks so still long only.
Usdchf – Monthly shows a hammer and poss HL after the low from Dec 07. 1.0258 level is a major level and have a bear IB (body). Still in downtrend so short below break of boss IB.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss still gave a bear hanging man. Unless last high of down move is taken out at 1.100 level it's still short on pullbacks.
USDYEN – At base of recent bear channel after a channel breach that gave us a hammer. Boss shows inverted hammer. Wait for swing to show, but could be putting a bottom in here so I would side with long above the BEOB at 92.40 level. This could also point to equities falling soon.
Euryen – Monthly is in BarbWire but last candle was a shooter. Boss still below last weeks high and stuck in range. Neutral.
Eurgbp – Boss shows inverted hammer above the boss 20ema that is sitting ion the 50sma. Still long only above top of Inv Hammer at .9100 SR level.
Eurnzd – Boss Doji above the previous boss BUEB. Not convinced with long just yet as the TL break was very weak and a poss bull trap. Would like to see bullish PA on the descending TL giving a test for long. Neutral.
Gbpcad – Boss Hanging Man just rejecting the boss 50sma. Still short only on this pair. Worker looks like a dbl top bear flag so short below 1.7464 level.
Nzdusd – Monthly Shooter still in play. Wait for break of the .7070 level to get short.
Audyen – Looking toppy – doji close on worker on Fri. Could be a LH so short below the 81.27 SR level should It go.
EurCad – Mas all flat on Monthly and boss poss dbl top bear flag. PA in large pennant – neutral.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss BUOB. Long only above 1.8500.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only below 81.91 level.
NzdJpy - Monthly Shooter – Boss BEEB. Short only below 62.88.
3 Nov 2009
1 Nov 2009
Monthly and Weekly Analysis - 1 Nov 09
Lt Sweet Crude Dec Fut – Long only on pullbacks – Big boss bull candle, boss bear candle coming back to test BO from the last high at 75.25 and the B Boss 50sma. Long only on pullback to the BO level.
Nat Gas – Big Boss bearish candle but not closed below previous month. Boss shooting star between levels 2weeks ago is still the controlling PA. Boss in Barbwire. Worker now bearish too as last high of up move taken out. Could find support at 20/50 Boss ema but if they go, short only below $4.000
Gold – Monthly Bull Candle breaking old highs. Boss hammer – so long only above 1069 (high of IB preceding the hammer).
DowJones Dec Fut -(YMZ9) – Monthly Doji after up move. Boss bear rejection of the descending TL from the highs. If trhe monthly 20ema is broken and last low of 9309 plus the rising TL then short only below that level.
FTSE Fut (FFIZ9)– Monthly Shooter as well as IB. Boss BEEB. Short below the 4910 level.
Cable – Monthly BUEB. Boss S/Star 2 weeks ago still the controlling candle as PA trapped below the monthly 20ema although closed above the descending TL – Short only on pullbacks unless 1.6745 level goes
Gbpyen. - Monthly bull IB. Boss doji/S/Star and IB(loose) but worker BEEB. Short only on pullbacks.
Gbpchf – As above – Monthly bull candle but wkly BUOB. Worker IB– short on pullbacks.
Eurusd – Monthly Shooter but with a close above previous month BUT right at the BO level from the previous high of the downtrend. Boss BEOB but close just below the recent UP TL. Worker BEEB. Short only below 1.4680 level.
Audusd – Monthly still in Up trend. Boss has fallen back to the up TL. Worker shows loose IB. Still long only until the last low of the up move at 0.8552 goes.
Usdchf – Monthly shows a hammer and poss HL after the low from Dec 07. If the 1.0600 level is broken then long only. Boss gives a BUEB so if the 1.0300 goes then we have a confirmed HL in place. Long above 1.0300.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss still bullish and we have a worker BUOB on Friday. Long only above 1.0880 level.
USDYEN – Monthly doji after down move but boss and worker still bearish. Short only.
Euryen – Monthly is in BarbWire but last candle was a shooter. Boss gives a BEOB and a triple top. Short only below 132.050.
Eurgbp – Monthly bear candle IB. Boss BEOB with a 3rd LH from the high back in Dec 2008. Major UP trend still intact but in minor downtrend. Short below 0.8884
Eurnzd – Monthly hammer off old BO level from Jan 2008. PA closed above the major down trend line of past months. Boss BUEB smashing thru TL. Expect a test of such a strong TL and target long only to 2.1065 SR level.
Gbpcad – Major downtrend still intact so short only on bear PA.
Nzdusd – Monthly Shooter of best kind. Boss BEEB with worker BEEB too. Short only as UP TL broken but expect a test from underneath after such a strong trend.
Audyen – Monthly big bull doji but not convinced. Up TL still intact but boss showing a BEEB so short only as we have now had 2 significant up TL breaks and 2 HH tests of those breaks.
EurCad – Mas all flat on Monthly and boss. PA in large pennant – neutral.
GbpAud – Monthly hammer. Boss BUOB. Long only above 1.8354.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only.
NzdJpy - Monthly Shooter – Boss BEEB. Short only below 62.88.
Nat Gas – Big Boss bearish candle but not closed below previous month. Boss shooting star between levels 2weeks ago is still the controlling PA. Boss in Barbwire. Worker now bearish too as last high of up move taken out. Could find support at 20/50 Boss ema but if they go, short only below $4.000
Gold – Monthly Bull Candle breaking old highs. Boss hammer – so long only above 1069 (high of IB preceding the hammer).
DowJones Dec Fut -(YMZ9) – Monthly Doji after up move. Boss bear rejection of the descending TL from the highs. If trhe monthly 20ema is broken and last low of 9309 plus the rising TL then short only below that level.
FTSE Fut (FFIZ9)– Monthly Shooter as well as IB. Boss BEEB. Short below the 4910 level.
Cable – Monthly BUEB. Boss S/Star 2 weeks ago still the controlling candle as PA trapped below the monthly 20ema although closed above the descending TL – Short only on pullbacks unless 1.6745 level goes
Gbpyen. - Monthly bull IB. Boss doji/S/Star and IB(loose) but worker BEEB. Short only on pullbacks.
Gbpchf – As above – Monthly bull candle but wkly BUOB. Worker IB– short on pullbacks.
Eurusd – Monthly Shooter but with a close above previous month BUT right at the BO level from the previous high of the downtrend. Boss BEOB but close just below the recent UP TL. Worker BEEB. Short only below 1.4680 level.
Audusd – Monthly still in Up trend. Boss has fallen back to the up TL. Worker shows loose IB. Still long only until the last low of the up move at 0.8552 goes.
Usdchf – Monthly shows a hammer and poss HL after the low from Dec 07. If the 1.0600 level is broken then long only. Boss gives a BUEB so if the 1.0300 goes then we have a confirmed HL in place. Long above 1.0300.
Usdcad – Monthly hammer off key level and gives a HL from the low at Sep 07. Boss still bullish and we have a worker BUOB on Friday. Long only above 1.0880 level.
USDYEN – Monthly doji after down move but boss and worker still bearish. Short only.
Euryen – Monthly is in BarbWire but last candle was a shooter. Boss gives a BEOB and a triple top. Short only below 132.050.
Eurgbp – Monthly bear candle IB. Boss BEOB with a 3rd LH from the high back in Dec 2008. Major UP trend still intact but in minor downtrend. Short below 0.8884
Eurnzd – Monthly hammer off old BO level from Jan 2008. PA closed above the major down trend line of past months. Boss BUEB smashing thru TL. Expect a test of such a strong TL and target long only to 2.1065 SR level.
Gbpcad – Major downtrend still intact so short only on bear PA.
Nzdusd – Monthly Shooter of best kind. Boss BEEB with worker BEEB too. Short only as UP TL broken but expect a test from underneath after such a strong trend.
Audyen – Monthly big bull doji but not convinced. Up TL still intact but boss showing a BEEB so short only as we have now had 2 significant up TL breaks and 2 HH tests of those breaks.
EurCad – Mas all flat on Monthly and boss. PA in large pennant – neutral.
GbpAud – Monthly hammer. Boss BUOB. Long only above 1.8354.
CadJpy – Monthly bear candle boss BEEB after monthly 20ema test and rejection of descending TL from highs. Short only.
NzdJpy - Monthly Shooter – Boss BEEB. Short only below 62.88.
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