Weekly Analysis WE 17 Jan 09

Well, life has a funny way of changing things for you. Looks like I've been accepted onto the work's MBA programme for the next 2 years so study time will be tight. Consequently, I have changed the format of my weekly analysis to give me a quick reference guide as I found I was not referring to the words each week on here to check my daily trade ideas with the weekly analysis. As I'm a weekly trend trader using the daily (worker) to find tighter entries I need a quick visual reference guide to the immediate underlying trends of the higher TFs. This new method should be a quicker to produce guide and easier to use in the week. I hope some to find it of more use and will update as I use in in anger of the next few weeks!

MONTHLY AND WEEKLY TREND ANALYSIS

01/Jan 17/Jan

PAIR MONTHLY WEEKLY CANDLE Weekly 20/50
Crude ▲ ▲ Breakout Bull trend Above
Gas ►◄ ▲ BEEB then S Star Above
Gold ▲ ▲ Hammer, IB then BUEB Above
S&P ▲ ▲ Weekly BUOB Above
Dow ▲ ▲ Weekly BUOB Above
FTSE ▲ ▲ Weekly BUOB Above
Cable ▼ ▲ Weekly IB in 20/50 Trap Above
GBPYEN ▼ ▲ Weekly Bear IB above 20 Above
GBPCHF ▼ ▼ Weekly BEEB ON SR level Below
EURGBP ▲ ▲ Weekly Bull IB on Consolidation Above
EURUSD ▲ ▲ BUEB on key SR level Above
AUDUSD ▲ ▲ Weekly Bull trend bar above small descending TL Above
USDCHF ▼ ▼ ►◄ Poss Double bottom forming – not tested Below
USDCAD ▼ ▼ BEEB below last range Below
NZDUSD ▲ ▲ Bull bar but trading back into Monthly Shooting Star Above
USDYEN ▼ ▲ Bear Doji just above 91.00 level Below
EURYEN ▲ ▲ Bull Spinning top but right on monthly down TL between 134-131 Above
AUDYEN ▲ ▲ Bull trend bar BO above last high Above
NZDYEN ▲ ▲ Bull trend bar but not above last high – poss broken TL under test! Above
CADYEN ▲ ▲ Bull trend bar but could be forming a bear flag Dbl top Above
GBPCAD ▼ ▼ Weekly BEEB not on any SR Below
GBPAUD ▼ ▼ Weekly bear trend bar into low of monthly hammer – nearly invalidated Below
EURCAD ►◄ ▼ Weekly BEAR trend bar but bounced off SR at 1.4728. Below
AUDNZD ►◄ ▲ Weekly Bull Trend bar above last week's high. Flat