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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