25 Oct 2009

Weekly Analysis 25 Oct 09

Away with work all week so still not trading Live, hence limited analysis this week. Gbp looks best short of the week.

Lt Sweet Crude Oct Fut – Long only on pullbacks – Boss doji so expect test of the BO level

Nat Gas – Boss shooting star between levels. Boss in Barbwire. Neutral but pull ISA ETC if the $4.414 level goes.

Gold – Boss IB – expect a test of the 1033 level. Long only.

DowJones Sep Fut -(YMZ9) – Boss Doji on the big weekly downtrend. Key test here but long only on current trends unless this major DSRI level goes.

FTSE Fut (FFIZ9)– 2nd Boss Doji on the major downtrend line. Worker shows a shooting star on Fri. Wait for PA but still long only until the trend changes.

Cable – Boss S/Star and worker BEEB – Short only on pullbacks.

Gbpyen. - Boss doji/S/Star (loose) but worker BEOB. Short only on pullbacks.

Gbpchf – As above – boss IB and worker BEOB – short on pullbacks.

Eurusd – Up TL still in force – Long only on pullbacks.

Audusd – 0.9315 level trapping upward move but it's still long only until the trend changes.

Usdchf – Boss still down, but worker could be changing after inverted hammer and a bull trend bar. Neutral until will get some HL's for new uptrend.

Usdcad – PA under the down TL but worker hammer has produced a bull Trend bar. Wait for a HL before long on pullbacks.

USDYEN – Long only above 92.60 (last high of previous down trend)

Euryen – Triple top poss forming on boss at 138.00 level. PA still under monthly 20ema – long only above that level on bull PA and test.

Eurgbp – Boss hammer off the most recent up TL. Worker BUOB on Fri. Long only. Parity here we come!

Eurnzd – Short only. Down trend still in force.

Gbpcad – Major downtrend still intact so short only on bear PA.

Nzdusd – Major up TL still intact – long only on pullbacks.

Audyen – Long only – Dr Joe – still keeps going up.

EurCad – Poss double bottom in – long only once the old Rest level at 1.6095 is broken.

GbpAud – Still short only on pullbacks. Respecting the worker 20ema

CadJpy – Boss hanging man and I think short only after a major TL break and a HH. PA on the down TL so siding with short only.