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2 Jan 2010
Monthly and Weekly Analysis WE 8 Jan 10
Lt Sweet Crude Feb Fut – Monthly chart shows a Hanging Man candle after a low break of Nov's IB trapped under the 61% retrace from the last weekly swing high to low. Boss chart shows 3 bull candles into the underside of the up TL from the lows. The Boss trend is still up but after a TL break be mindful of a test of the trend's extreme. Will wait out for price action here but siding with SHORT on good PA.
Nat Gas Feb Fut(NGF0)– Monthly chart shows bull candle breaking high of Nov's. Boss chart shows a BEOB and poss double top under the Rest level at 6.075. Wait for PA at the next SR level at 5.297 to show the way.
Gold – Monthly bear IB (Candle bodies). Boss S Star candle off highs worked nicely for past 4 weeks but we now have a Boss IB within a hammer from the previous week that bounced off the 20ema. Long above 1122 hammer high or short below 1082 IB low.
DowJones Mar Fut -(YMH0) – Monthly small bull candle still on the 50% H to L retrace. Weekly shows a gravestone doji in a small wekly range. Worker shows a BEOB under the rising TL. Short below 10415 for risky counter-trend trade or wait for pullback to 20ema and good bull PA to get long with trend.
FTSE Mar Fut (FFIH0)– Monthly bull candle in Dec. just poking thru the descending TL from the highs. Boss shows a bear candle that gapped up above recent range. Price is squeezed between the junctre of the up and down TL's and SR level at 5100. Wait for PA to show the route out. Neutral.
Cable – Big Boss shows a S Star in Nov, and Dec's candle was bearish but came off the lows. Boss shows a BUOB candle off SR but on low Xmas volumes still stick in the May – Dec range. Worker shows a bull candle but it came off the highs and 20ema and the 61% retrace from the last swing high to low. Short below 1.6040.
Gbpyen. - B Boss is in a downtrend. Dec close gave us a BUEB but it didn't break last month's high. Bull candle on Boss charts with the 20 and 50 MA's flat. Worker shows a bull break of all the MA's and SR level at 148.95. Long only on Pull-backs.
Gbpchf – Monthly chart still in a downtrend. Dec shows a small inverted hammer off the small rising TL from the lows. Boss charts is in a small triangle pattern. Worker MA's are flat so NEUTRAL until Triangle Break Out.
Eurusd – Monthly chart shows a BEOB/BEEB. After a good TL break on strong momentum. Boss chart shows 2 small doji's off the 1.4330 SR zone. But still under the boss 20ema. I would now expect a retrace into the monthly BEEB to test the old trend's extreme (a la Al Brooks!). This should be one of his best trades as it's pretty sure we'll get a test of the old high area after such a long trend up. Worker is stuck in some awful BarbWire giving mixed signals. Side with long above 1.4530 SR level to test the old high at 1.5000 zone, but only on good PA.
Audusd – Monthly still in Up trend but bounced off the 261% Fib projection from the low to the first up swing from the lows. Dec gave a bear doji really that came off the up TL but also the lows. Boss shows a bull candle after the weak hammer the week before but we are at the 61% retrace from swing H to L which a lot of traders target. The recent down TL, 20ema and SR at .9016 all give great confluence for a short trade below 0.8923. AUDUSD seems to resepct the 61% retrace between Swings so thanks BeachTrader for showing me that Fib method. **
Usdchf – Double bottom is in as we have 3 bull candles, last weeks breaking the last high of the downtrend and Boss 20ema. Monthly shows a BUEB. Worker shows BarbWire but 2 hammers are more relevant. Long above 1.0390. **
Usdcad – Still waiting for the swing low confirmation by the top of the monthly hammer being taken out. Last 2 months have been IB's within the Hammer from Oct. Boss shows a bear spinning top after small down move of late. Worker MA's are flat and entwined. Wait for PA but side with long as most other $ pairs are looking strong still. Poss 61% Fib move setting up on the daily to watch out for.
Usdyen – Massive multi year double bottom in with a BUEB last month. Boss is in the 20/50 trap but we have a bull close above the 20ma for the first time in 5 months. Worker looks fully bid. I'm live in this already with stop at 91.75. Price has just broken above the major Monthly down TL too and we have had the worker 20/50 cross so I'm expecting this pair to retrace before going up again.
Euryen – Big Boss still in minor uptrend but in middle of charts range. Dec gives a Bull IB centred on the 131 SR Level. Boss shwoing 2 bull candles after a hammer 3 weeks ago but stuck under major down TL. Would expect some Yen retraces this week after such strong moves recently. Long only on Pullbacks though.
Eurgbp – Big Boss still in uptrend. Dec shows a BEEB right on that up trend line from the 07 lows. Boss shows a BEOB so siding with short below .8800 after a TL break and SR break. **
Eurnzd –Monthly chart pulled right back into base of hammer from Oct with a huge BEEB. This is after one big push down so I'd expect more selling here to have a meaningful 2 pushes down. Boss broke thru last low so short below 1.9655. I'm only watching this pair as the spread with IG is too wide at 25 pips bid-offer.
Gbpcad – B Boss still scream down. 2nd Monthly IB within Oct's hammer kind of candle. Boss shows a bull doji but in thin air. Worker shows a bear candle rejecting the 20ema but we look to have had a small double bottom in after a good TL break and test of the low. Long only on good strong PA.
Nzdusd – Monthly Shooter still in play but Dec shows a kind of hammer bar, so when in BarbWire it's always the last candle that counts I have found. If the shooter was going to break it would have done convincingly by now? Weekly chart shows a bull candle but into the bear TL from the top of the Shooting Star. Wait for PA but have to side with long after recent hammer. See how price reacts to down TL this week.
Audyen – Monthly up trend still intact. Bull IB within Nov's spinning top. Boss bounced off up TL and broke last high of small down move too. Long only on Pullbacks and with major trend.
EurCad – Monthly bear candle breaking last lows of range. Short only on good PA. Neutral this week though. Weekly shows a hammer too
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. 2nd IB within that Hammer now, so long only above 1.8095, stop at 1.7684. **
CadJpy – Monthly bull candle with boss bull candle too. Boss has broken out of recent range and 20ema from Monthly. Worker too bid, but wait for pullback to get long.
NzdJpy – Just like NZDUSD the shooting star maybe void. Large Dec bull canlde into that Shooter after a small down move trapping many traders. Could be a test of the underside of the broken up TL so waiting fot PA to show it's hand in the 68.00 area to reveal all!
AudNzd – Monthly BEOB. Boss broken 1.2454 SR level but resting on the monthly 20ema. Short only but wait for pullbacks.
Nat Gas Feb Fut(NGF0)– Monthly chart shows bull candle breaking high of Nov's. Boss chart shows a BEOB and poss double top under the Rest level at 6.075. Wait for PA at the next SR level at 5.297 to show the way.
Gold – Monthly bear IB (Candle bodies). Boss S Star candle off highs worked nicely for past 4 weeks but we now have a Boss IB within a hammer from the previous week that bounced off the 20ema. Long above 1122 hammer high or short below 1082 IB low.
DowJones Mar Fut -(YMH0) – Monthly small bull candle still on the 50% H to L retrace. Weekly shows a gravestone doji in a small wekly range. Worker shows a BEOB under the rising TL. Short below 10415 for risky counter-trend trade or wait for pullback to 20ema and good bull PA to get long with trend.
FTSE Mar Fut (FFIH0)– Monthly bull candle in Dec. just poking thru the descending TL from the highs. Boss shows a bear candle that gapped up above recent range. Price is squeezed between the junctre of the up and down TL's and SR level at 5100. Wait for PA to show the route out. Neutral.
Cable – Big Boss shows a S Star in Nov, and Dec's candle was bearish but came off the lows. Boss shows a BUOB candle off SR but on low Xmas volumes still stick in the May – Dec range. Worker shows a bull candle but it came off the highs and 20ema and the 61% retrace from the last swing high to low. Short below 1.6040.
Gbpyen. - B Boss is in a downtrend. Dec close gave us a BUEB but it didn't break last month's high. Bull candle on Boss charts with the 20 and 50 MA's flat. Worker shows a bull break of all the MA's and SR level at 148.95. Long only on Pull-backs.
Gbpchf – Monthly chart still in a downtrend. Dec shows a small inverted hammer off the small rising TL from the lows. Boss charts is in a small triangle pattern. Worker MA's are flat so NEUTRAL until Triangle Break Out.
Eurusd – Monthly chart shows a BEOB/BEEB. After a good TL break on strong momentum. Boss chart shows 2 small doji's off the 1.4330 SR zone. But still under the boss 20ema. I would now expect a retrace into the monthly BEEB to test the old trend's extreme (a la Al Brooks!). This should be one of his best trades as it's pretty sure we'll get a test of the old high area after such a long trend up. Worker is stuck in some awful BarbWire giving mixed signals. Side with long above 1.4530 SR level to test the old high at 1.5000 zone, but only on good PA.
Audusd – Monthly still in Up trend but bounced off the 261% Fib projection from the low to the first up swing from the lows. Dec gave a bear doji really that came off the up TL but also the lows. Boss shows a bull candle after the weak hammer the week before but we are at the 61% retrace from swing H to L which a lot of traders target. The recent down TL, 20ema and SR at .9016 all give great confluence for a short trade below 0.8923. AUDUSD seems to resepct the 61% retrace between Swings so thanks BeachTrader for showing me that Fib method. **
Usdchf – Double bottom is in as we have 3 bull candles, last weeks breaking the last high of the downtrend and Boss 20ema. Monthly shows a BUEB. Worker shows BarbWire but 2 hammers are more relevant. Long above 1.0390. **
Usdcad – Still waiting for the swing low confirmation by the top of the monthly hammer being taken out. Last 2 months have been IB's within the Hammer from Oct. Boss shows a bear spinning top after small down move of late. Worker MA's are flat and entwined. Wait for PA but side with long as most other $ pairs are looking strong still. Poss 61% Fib move setting up on the daily to watch out for.
Usdyen – Massive multi year double bottom in with a BUEB last month. Boss is in the 20/50 trap but we have a bull close above the 20ma for the first time in 5 months. Worker looks fully bid. I'm live in this already with stop at 91.75. Price has just broken above the major Monthly down TL too and we have had the worker 20/50 cross so I'm expecting this pair to retrace before going up again.
Euryen – Big Boss still in minor uptrend but in middle of charts range. Dec gives a Bull IB centred on the 131 SR Level. Boss shwoing 2 bull candles after a hammer 3 weeks ago but stuck under major down TL. Would expect some Yen retraces this week after such strong moves recently. Long only on Pullbacks though.
Eurgbp – Big Boss still in uptrend. Dec shows a BEEB right on that up trend line from the 07 lows. Boss shows a BEOB so siding with short below .8800 after a TL break and SR break. **
Eurnzd –Monthly chart pulled right back into base of hammer from Oct with a huge BEEB. This is after one big push down so I'd expect more selling here to have a meaningful 2 pushes down. Boss broke thru last low so short below 1.9655. I'm only watching this pair as the spread with IG is too wide at 25 pips bid-offer.
Gbpcad – B Boss still scream down. 2nd Monthly IB within Oct's hammer kind of candle. Boss shows a bull doji but in thin air. Worker shows a bear candle rejecting the 20ema but we look to have had a small double bottom in after a good TL break and test of the low. Long only on good strong PA.
Nzdusd – Monthly Shooter still in play but Dec shows a kind of hammer bar, so when in BarbWire it's always the last candle that counts I have found. If the shooter was going to break it would have done convincingly by now? Weekly chart shows a bull candle but into the bear TL from the top of the Shooting Star. Wait for PA but have to side with long after recent hammer. See how price reacts to down TL this week.
Audyen – Monthly up trend still intact. Bull IB within Nov's spinning top. Boss bounced off up TL and broke last high of small down move too. Long only on Pullbacks and with major trend.
EurCad – Monthly bear candle breaking last lows of range. Short only on good PA. Neutral this week though. Weekly shows a hammer too
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. 2nd IB within that Hammer now, so long only above 1.8095, stop at 1.7684. **
CadJpy – Monthly bull candle with boss bull candle too. Boss has broken out of recent range and 20ema from Monthly. Worker too bid, but wait for pullback to get long.
NzdJpy – Just like NZDUSD the shooting star maybe void. Large Dec bull canlde into that Shooter after a small down move trapping many traders. Could be a test of the underside of the broken up TL so waiting fot PA to show it's hand in the 68.00 area to reveal all!
AudNzd – Monthly BEOB. Boss broken 1.2454 SR level but resting on the monthly 20ema. Short only but wait for pullbacks.
audusd
Here's a trade I took over the Xmas period on Audusd on the break of an IB under a descending trend line.
30 Dec 2009
20 Dec 2009
Weekly Analysis - WE 26 Dec 09
Lt Sweet Crude Feb Fut – Monthly chart shows an IB last month right at the 38% Fib retrace from high to low combined with the SR level at 76.90ish. Boss chart shows an IB within the previous week's bear bar. The Bull bar has bounced off the descending TL from the 147 highs though and the 70.50 level. Still trapped below Mas. Worker shows a S Star off the underside of that TL and the same level as the last high on the up trend. Short below 73.41, T1 @ 72.00 and T2 @ 67.00. **
Nat Gas (NGF0)– B-Boss chart shows a bear IB(inverted hammer type) last month inside the previous doji. Boss chart broke above the 5.29 level and the 20MA from the monthly. If penetrated look for the break and then test of that break to go long with TP1 at 6.075 SR level and TP2 7.030. Long on Pullbacks
Gold – Monthly Bull Candle breaking old highs. Boss 3 weeks ago shows a Shooting Star with bear close. No fib /SR confluence up here other than historic high. 20 ema, daily now pointing south. This week shows a dragonfly doji off the 1111 level. Expect a test of the high after a TL break so would look to get long on bullish worker PA as we have had 2 pushes down from the top to the 50sma. Long on break of worker PA on Fri above 1120, T1 @ 1227 again. Short if the base of IB goes at 1093 with T1 @ 1063 and T2 @ 1033.
DowJones Mar Fut -(YMH0) – Monthly bull candle in Nov but into high to low 50% retrace. PA still going up but last week gave us a BEOB. Worker shows a Doji and with no significant TL break this is still buy on pullbacks. Expect a trend channel overshoot before any shorts as well. The daily 50sma had been solid support on the way up and I'd like to see that broken before any shorts too. Neutral.
FTSE Mar Fut (FFIH0)– Big Boss and boss are still in a bull trend but last week's close was another bear close on the 5100 level. Daily shows a spinning top – Neutral as we have no TL breaks and no bull action to get long either.
Cable – Big Boss shows a S Star, boss shows another S Star 3 weeks ago. PA is rangebound with the worker showing a spinning top/doji as well. If gold bulls then usd will fall and this will go up but with no action either way there are better pairs out there to trade. Neutral.
Gbpyen. - B Boss is in a downtrend. Recent action looks like a longer TF bear flag. Rule of 4 not in effect on B Boss yet so short below last low at 138.76. Boss shows a bull IB last week. A break above 147.00 would be bullish as it would confirm a 2nd HL from the hammer a few weeks ago. Long above 147.00 as not interested short into a triple bottom.
Gbpchf – B Boss bear IB in Nov. Weekly bull candle off a worker rising TL but into major downtrend line. Poss LH above falling TL on boss but would need a break of 1.6686 to confirm that. PA has held above that falling TL and the worker 20ema has provided support too. Long above 1.7033 counter trend and with trend would be short below 1.6760.
Eurusd – B Boss bull candle that bounced off the 78% Fib retrace from H to Low. Boss shows a another bear candle that is on the 20ema and below the last low of the uptrend. We have broken the rising TL too, but I'd still expect a HH or LH test before a trend change as the rise has been so strong. Boss has had 3 major downtrend candles now so would expect some sort of retrace possibly? Worker shows a doji so there could be a retrace but after such a major strong TL break I would like to see a test of the old extreme before getting short again. Look for bull action back into old trend or short PA to continue without a test.
Audusd – Monthly still in Up trend but bounced off the 261% Fib projection from the low to the first up swing from the lows. Boss looks toppy with a shooting star 2 week's ago within the previous week's body. Last week shows a bear bar that bounced off the lows and boss 20ema. Worker shows a shooting star but only off the 20ema which is not a chance to long but an offer to close up the stops. Short stops above the SR at 0.9020
Usdchf – Double bottom is in as we have 3 bull candles, last weeks breaking the last high of the downtrend and Boss 20ema. Wait for a pullback to the broken SR level at 1.0340 and look for PA to get LONG. This also needs a good test after such a strong downtrend.
Usdcad – B Boss Hammer still the controlling candle from Oct. Boss bear legs are getting much shorter with less momentum. Last pushes down have been weak and last week shows a bull spinning top at the 61% retrace from Low to high. Long only above 1.0700 as last week.
Usdyen – B Boss gives a BUEB off the 86.50 SR level and looks like a major double bottom. Boss shows BUOB. Worker on Fri had a huge stop run on the longs and then close out on the highs. Long above 91.00 **
Euryen – Big Boss still in uptrend but in middle of charts range. Boss still rangebound; Last week shows bear hammer. I guess this would follow usdyen so side with long back to top of range at 137.92 level. Break of that could see 147.35. Bear break of 126.68 could target lows again at 111.10! Long above hammer at 131.00 with T1 @ top of range at 137.00. **
Eurgbp – Big Boss bull body IB last month. 3rd Boss bear close but still within the candle from 2 weeks ago but not breaking the lows of the hammer 5 week' ago. Still in major uptrend so look for PA to get long back with underlying trend. Poss bottom forming if we get a close above IB at .8924 . Neutral this week.
Eurnzd – Big Boss shows a Nov bull candle but it looks like a bear flag in a longer term down move. Bear break of IB on the Boss chart to the small rising TL on the daily 2 weeks ago. Worker in BarbWire below the worker 50sma. Wait for bull PASR to get long above 2.036. **
Gbpcad – B Boss still scream down. Boss bond-hammer in free space with this week giving a doji IB. Worker shows a BUOB off minor SR leve at 1.7072. Neutral.
Nzdusd – Monthly Shooter still in play. Worker shows an bear IB inside the candle of 3 weeks ago. Short below 0.7020 which is below the Boss 20 ema. Look for short PASR near the down TL for possible short.
Audyen – B Boss bear IB last month. Boss is testing the broken UP TL from underneath and last week bear closed below that TL. Boss shows a bond shooter and poss HL but after a TL break I'm happy to short below 80.70, TP1 at 78.82 and TP2 75.81. but also long above 80.75 if bond hammer activates.
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 bear close last week but came off lows. Neutral.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss hammer of after 3 pushes down, but with no significant TL break this is still short only on pullbacks. Long above hammer 1.8554.
CadJpy – Monthly bull candle with boss bull candle too. Could be a test of the underside of the broken TL. Await resolution on the worker with decent PA before anything. Worker on Fri shows a BUOB off the Boss 50sma as with other Yen pairs. Long above 85.28 with T1 @ 86.00 and t2 @ 91.00.
NzdJpy - Monthly Shooter – Boss hanging man IB again within previous 2 weeks. Worker hammer so Long above 64.55 T1 @ 66.16 and T2 @ 69.56.
AudNzd – Boss bear candle off the major SR at 1.2455 level and with the rising MA's. Long above worker BUOB at 1.2541.
Nat Gas (NGF0)– B-Boss chart shows a bear IB(inverted hammer type) last month inside the previous doji. Boss chart broke above the 5.29 level and the 20MA from the monthly. If penetrated look for the break and then test of that break to go long with TP1 at 6.075 SR level and TP2 7.030. Long on Pullbacks
Gold – Monthly Bull Candle breaking old highs. Boss 3 weeks ago shows a Shooting Star with bear close. No fib /SR confluence up here other than historic high. 20 ema, daily now pointing south. This week shows a dragonfly doji off the 1111 level. Expect a test of the high after a TL break so would look to get long on bullish worker PA as we have had 2 pushes down from the top to the 50sma. Long on break of worker PA on Fri above 1120, T1 @ 1227 again. Short if the base of IB goes at 1093 with T1 @ 1063 and T2 @ 1033.
DowJones Mar Fut -(YMH0) – Monthly bull candle in Nov but into high to low 50% retrace. PA still going up but last week gave us a BEOB. Worker shows a Doji and with no significant TL break this is still buy on pullbacks. Expect a trend channel overshoot before any shorts as well. The daily 50sma had been solid support on the way up and I'd like to see that broken before any shorts too. Neutral.
FTSE Mar Fut (FFIH0)– Big Boss and boss are still in a bull trend but last week's close was another bear close on the 5100 level. Daily shows a spinning top – Neutral as we have no TL breaks and no bull action to get long either.
Cable – Big Boss shows a S Star, boss shows another S Star 3 weeks ago. PA is rangebound with the worker showing a spinning top/doji as well. If gold bulls then usd will fall and this will go up but with no action either way there are better pairs out there to trade. Neutral.
Gbpyen. - B Boss is in a downtrend. Recent action looks like a longer TF bear flag. Rule of 4 not in effect on B Boss yet so short below last low at 138.76. Boss shows a bull IB last week. A break above 147.00 would be bullish as it would confirm a 2nd HL from the hammer a few weeks ago. Long above 147.00 as not interested short into a triple bottom.
Gbpchf – B Boss bear IB in Nov. Weekly bull candle off a worker rising TL but into major downtrend line. Poss LH above falling TL on boss but would need a break of 1.6686 to confirm that. PA has held above that falling TL and the worker 20ema has provided support too. Long above 1.7033 counter trend and with trend would be short below 1.6760.
Eurusd – B Boss bull candle that bounced off the 78% Fib retrace from H to Low. Boss shows a another bear candle that is on the 20ema and below the last low of the uptrend. We have broken the rising TL too, but I'd still expect a HH or LH test before a trend change as the rise has been so strong. Boss has had 3 major downtrend candles now so would expect some sort of retrace possibly? Worker shows a doji so there could be a retrace but after such a major strong TL break I would like to see a test of the old extreme before getting short again. Look for bull action back into old trend or short PA to continue without a test.
Audusd – Monthly still in Up trend but bounced off the 261% Fib projection from the low to the first up swing from the lows. Boss looks toppy with a shooting star 2 week's ago within the previous week's body. Last week shows a bear bar that bounced off the lows and boss 20ema. Worker shows a shooting star but only off the 20ema which is not a chance to long but an offer to close up the stops. Short stops above the SR at 0.9020
Usdchf – Double bottom is in as we have 3 bull candles, last weeks breaking the last high of the downtrend and Boss 20ema. Wait for a pullback to the broken SR level at 1.0340 and look for PA to get LONG. This also needs a good test after such a strong downtrend.
Usdcad – B Boss Hammer still the controlling candle from Oct. Boss bear legs are getting much shorter with less momentum. Last pushes down have been weak and last week shows a bull spinning top at the 61% retrace from Low to high. Long only above 1.0700 as last week.
Usdyen – B Boss gives a BUEB off the 86.50 SR level and looks like a major double bottom. Boss shows BUOB. Worker on Fri had a huge stop run on the longs and then close out on the highs. Long above 91.00 **
Euryen – Big Boss still in uptrend but in middle of charts range. Boss still rangebound; Last week shows bear hammer. I guess this would follow usdyen so side with long back to top of range at 137.92 level. Break of that could see 147.35. Bear break of 126.68 could target lows again at 111.10! Long above hammer at 131.00 with T1 @ top of range at 137.00. **
Eurgbp – Big Boss bull body IB last month. 3rd Boss bear close but still within the candle from 2 weeks ago but not breaking the lows of the hammer 5 week' ago. Still in major uptrend so look for PA to get long back with underlying trend. Poss bottom forming if we get a close above IB at .8924 . Neutral this week.
Eurnzd – Big Boss shows a Nov bull candle but it looks like a bear flag in a longer term down move. Bear break of IB on the Boss chart to the small rising TL on the daily 2 weeks ago. Worker in BarbWire below the worker 50sma. Wait for bull PASR to get long above 2.036. **
Gbpcad – B Boss still scream down. Boss bond-hammer in free space with this week giving a doji IB. Worker shows a BUOB off minor SR leve at 1.7072. Neutral.
Nzdusd – Monthly Shooter still in play. Worker shows an bear IB inside the candle of 3 weeks ago. Short below 0.7020 which is below the Boss 20 ema. Look for short PASR near the down TL for possible short.
Audyen – B Boss bear IB last month. Boss is testing the broken UP TL from underneath and last week bear closed below that TL. Boss shows a bond shooter and poss HL but after a TL break I'm happy to short below 80.70, TP1 at 78.82 and TP2 75.81. but also long above 80.75 if bond hammer activates.
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 bear close last week but came off lows. Neutral.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss hammer of after 3 pushes down, but with no significant TL break this is still short only on pullbacks. Long above hammer 1.8554.
CadJpy – Monthly bull candle with boss bull candle too. Could be a test of the underside of the broken TL. Await resolution on the worker with decent PA before anything. Worker on Fri shows a BUOB off the Boss 50sma as with other Yen pairs. Long above 85.28 with T1 @ 86.00 and t2 @ 91.00.
NzdJpy - Monthly Shooter – Boss hanging man IB again within previous 2 weeks. Worker hammer so Long above 64.55 T1 @ 66.16 and T2 @ 69.56.
AudNzd – Boss bear candle off the major SR at 1.2455 level and with the rising MA's. Long above worker BUOB at 1.2541.
13 Dec 2009
Weekly Analysis - WE 20 Dec 09
Lt Sweet Crude Jan Fut – Monthly chart shows an IB last month right at the 38% Fib retrace from high to low combined with the SR level at 76.90ish. Boss chart shows 7 dojis in a row and last week broke free to the downside at the junctre of the major down TL. Short only with targets of 67.00 and 59.90. Short only BUT expect a restest of the trend extreme after such a strong TL being broken.
Nat Gas – B-Boss chart shows a bear IB(inverted hammer type) last month inside the previous doji. Boss chart shows a bull candle-body IB but the wick did extend higher. A break of the monthly 20ema would be bullish and the SR level at 5.29. If penetrated look for the break and then test of that break to go long with TP at 6.075 SR level and TP2 7.030. Long above 5.29.
Gold – Monthly Bull Candle breaking old highs. Boss 2 weeks ago shows a Shooting Star with bear close. No fib /SR confluence up here other than historic high. 20 ema, daily now pointing south. Short below 1140 but wait for a retest of break for better RR ratio. Next target 1063 minor and 1033 major.
DowJones Dec Fut -(YMZ9) – Monthly bull candle in Nov but into high to low 50% retrace. PA still rising so long only until we get a wedge channel overshoot or other bearish action such as a strong TL break. PA now getting smaller and narrower – could be a strong break soon. With all the stops expected above the PA I'd expect a spike to activate the shorts then a short squeeze back up to new highs!
FTSE Fut (FFIZ9)– Big Boss and boss are still in a bull trend but last week's close was another doji on the 5300 level. Daily shows a Shooting Star and H2 short– short below the TL, Shooting Star and 20 ema at 5240.
Cable – Big Boss shows a S Star, boss shows another S Star 2 weeks ago short only below last low at 1.6200. Looks like a rounded top reversal. Daily chart shows 3 spinning tops in a row on the 1.6262 SR level as base of range. Wait for a worker H2/H3 before short.
Gbpyen. - B Boss is in a downtrend. Recent action looks like a longer TF bear flag. Rule of 4 not in effect on B Boss yet so short below last low at 138.76. Worker rejected the SR level at 149.00 as predicted. Last week gives a bear IB but worker looks like a dbl bottom and test. Long above the SR and IB at 149.00 and short below 140.62 back with major underlying trend.
Gbpchf – B Boss bear IB in Nov. Weekly bull candle off a worker rising TL but into major downtrend line. Limit Sell orders at 1.6900 to go short with major trend with tgts of 1.6400 and 1.6300 below that.
Eurusd – B Boss bull candle that bounced off the 78% Fib retrace from H to Low. Boss shows a another bear candle that is on the 20ema and below the last low of the uptrend. We have broken the rising TL too, but I'd expect a HH or LH test before a trend change as the rise has been so strong. Wait for a H2 near the ema for example before any shorts or look for long action at 1.4528 to trade with the trend into that HH or LH test of the old trend extreme.
Audusd – Monthly still in Up trend but bounced off the 261% Fib projection from the low to the first up swing from the lows. Boss looks toppy with a shooting star last week within the previous week's body. Last week shows a doji closing where it opened. Worker shows a poss broken TL test and IB so short below 0.9085, tgts of 0.8730 and 0.8362.
Usdchf – Double bottom could be in as we have 2 bull candles, last weeks breaking the last high of the downtrend BUT still below the 20ema. Wait for a pullback to the broken SR level at 1.0250 and look for PA to get LONG. This also needs a good test after such a strong downtrend.
Usdcad – B Boss Hammer still the controlling candle from Oct. Boss bear legs are getting much shorter with less momentum. Last pushes down have been weak and last week shows a bull spinning top at the 61% retrace from Low to high. Long only above 1.0700.
Usdyen – B Boss gives a BUEB off the 86.50 SR level and looks like a major double bottom. Boss shows a bear IB after a worker test of the broken down TL. Trend is still down and with no HH/HLs to base new trend on, NEUTRAL, but siding with a long break above the IB at 91.25 above the 20ema and SR level.
Euryen – Big Boss still in uptrend but in middle of charts range. Boss still rangebound; Last week shows bear IB. I guess this would follow usdyen so side with long back to top of range at 137.92 level. Break of that could see 147.35. Bear break of 126.68 could target lows again at 111.10! Neutral this week.
Eurgbp – Big Boss bull body IB last month. 2nd Boss bear close but still within the candle from 2 weeks ago. Still in major uptrend so look for PA to get long back with underlying trend at the rising TL circa 0.8950 ish .
Eurnzd – Big Boss shows a Nov bull candle but it looks like a bear flag in a longer term down move. Bear break of IB on the Boss chart to the small rising TL on the daily. Long above 2.036 targets of 2.1085 and above. Break of small rising TL would be back with major down trend, initial targets of 1.9850. Wait for PA to show the way.
Gbpcad – B Boss still scream down. Boss bond-hammer in free space. Worker shows a BUOB off minor SR leve at 1.7072. Long above 1.7320.
Nzdusd – Monthly Shooter still in play. Worker shows an IB inside the candle of 2 weeks ago. Short below 0.7020.
Audyen – B Boss bear IB last month. Boss is testing the broken UP TL from underneath and last week bear closed below that TL. Daily shows a bond shooter but after a TL break I'm happy to short below 80.70, TP1 at 78.82 and TP2 75.81.
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 bear close last week but came off lows. Neutral.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss hammer of after 3 pushes down, but with no significant TL break this is still short only on pullbacks. Long above hammer 1.8554.
CadJpy – Monthly bull candle with boss bull candle too. Could be a test of the underside of the broken TL. Await resolution on the worker with decent PA before anything. This pair is going down not up. Or could be in a channel, short below 83.74, TP1 at 72.35.
NzdJpy - Monthly Shooter – Boss hanging man. Worker Shooter of sorts so short below Mas at 64.00
Nat Gas – B-Boss chart shows a bear IB(inverted hammer type) last month inside the previous doji. Boss chart shows a bull candle-body IB but the wick did extend higher. A break of the monthly 20ema would be bullish and the SR level at 5.29. If penetrated look for the break and then test of that break to go long with TP at 6.075 SR level and TP2 7.030. Long above 5.29.
Gold – Monthly Bull Candle breaking old highs. Boss 2 weeks ago shows a Shooting Star with bear close. No fib /SR confluence up here other than historic high. 20 ema, daily now pointing south. Short below 1140 but wait for a retest of break for better RR ratio. Next target 1063 minor and 1033 major.
DowJones Dec Fut -(YMZ9) – Monthly bull candle in Nov but into high to low 50% retrace. PA still rising so long only until we get a wedge channel overshoot or other bearish action such as a strong TL break. PA now getting smaller and narrower – could be a strong break soon. With all the stops expected above the PA I'd expect a spike to activate the shorts then a short squeeze back up to new highs!
FTSE Fut (FFIZ9)– Big Boss and boss are still in a bull trend but last week's close was another doji on the 5300 level. Daily shows a Shooting Star and H2 short– short below the TL, Shooting Star and 20 ema at 5240.
Cable – Big Boss shows a S Star, boss shows another S Star 2 weeks ago short only below last low at 1.6200. Looks like a rounded top reversal. Daily chart shows 3 spinning tops in a row on the 1.6262 SR level as base of range. Wait for a worker H2/H3 before short.
Gbpyen. - B Boss is in a downtrend. Recent action looks like a longer TF bear flag. Rule of 4 not in effect on B Boss yet so short below last low at 138.76. Worker rejected the SR level at 149.00 as predicted. Last week gives a bear IB but worker looks like a dbl bottom and test. Long above the SR and IB at 149.00 and short below 140.62 back with major underlying trend.
Gbpchf – B Boss bear IB in Nov. Weekly bull candle off a worker rising TL but into major downtrend line. Limit Sell orders at 1.6900 to go short with major trend with tgts of 1.6400 and 1.6300 below that.
Eurusd – B Boss bull candle that bounced off the 78% Fib retrace from H to Low. Boss shows a another bear candle that is on the 20ema and below the last low of the uptrend. We have broken the rising TL too, but I'd expect a HH or LH test before a trend change as the rise has been so strong. Wait for a H2 near the ema for example before any shorts or look for long action at 1.4528 to trade with the trend into that HH or LH test of the old trend extreme.
Audusd – Monthly still in Up trend but bounced off the 261% Fib projection from the low to the first up swing from the lows. Boss looks toppy with a shooting star last week within the previous week's body. Last week shows a doji closing where it opened. Worker shows a poss broken TL test and IB so short below 0.9085, tgts of 0.8730 and 0.8362.
Usdchf – Double bottom could be in as we have 2 bull candles, last weeks breaking the last high of the downtrend BUT still below the 20ema. Wait for a pullback to the broken SR level at 1.0250 and look for PA to get LONG. This also needs a good test after such a strong downtrend.
Usdcad – B Boss Hammer still the controlling candle from Oct. Boss bear legs are getting much shorter with less momentum. Last pushes down have been weak and last week shows a bull spinning top at the 61% retrace from Low to high. Long only above 1.0700.
Usdyen – B Boss gives a BUEB off the 86.50 SR level and looks like a major double bottom. Boss shows a bear IB after a worker test of the broken down TL. Trend is still down and with no HH/HLs to base new trend on, NEUTRAL, but siding with a long break above the IB at 91.25 above the 20ema and SR level.
Euryen – Big Boss still in uptrend but in middle of charts range. Boss still rangebound; Last week shows bear IB. I guess this would follow usdyen so side with long back to top of range at 137.92 level. Break of that could see 147.35. Bear break of 126.68 could target lows again at 111.10! Neutral this week.
Eurgbp – Big Boss bull body IB last month. 2nd Boss bear close but still within the candle from 2 weeks ago. Still in major uptrend so look for PA to get long back with underlying trend at the rising TL circa 0.8950 ish .
Eurnzd – Big Boss shows a Nov bull candle but it looks like a bear flag in a longer term down move. Bear break of IB on the Boss chart to the small rising TL on the daily. Long above 2.036 targets of 2.1085 and above. Break of small rising TL would be back with major down trend, initial targets of 1.9850. Wait for PA to show the way.
Gbpcad – B Boss still scream down. Boss bond-hammer in free space. Worker shows a BUOB off minor SR leve at 1.7072. Long above 1.7320.
Nzdusd – Monthly Shooter still in play. Worker shows an IB inside the candle of 2 weeks ago. Short below 0.7020.
Audyen – B Boss bear IB last month. Boss is testing the broken UP TL from underneath and last week bear closed below that TL. Daily shows a bond shooter but after a TL break I'm happy to short below 80.70, TP1 at 78.82 and TP2 75.81.
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 bear close last week but came off lows. Neutral.
GbpAud – Monthly hammer on trend channel overshoot low after 2 pushes down. Boss hammer of after 3 pushes down, but with no significant TL break this is still short only on pullbacks. Long above hammer 1.8554.
CadJpy – Monthly bull candle with boss bull candle too. Could be a test of the underside of the broken TL. Await resolution on the worker with decent PA before anything. This pair is going down not up. Or could be in a channel, short below 83.74, TP1 at 72.35.
NzdJpy - Monthly Shooter – Boss hanging man. Worker Shooter of sorts so short below Mas at 64.00
10 Dec 2009
EurNzd long
Had a TL break on strong momentum and 3rd test of rising TL (after 'golden ma cross too)As a lot of systems use MA crossovers, you often see price rises then the MAs cross and PA falls away - could this be traders 'fading' those going long on crossovers? It happens often. Still, I like this pair long now.
Failed Short
Too eager to short this one on a weak BEEB. Not strictly a BEEB and broke the plan here as I fouled up the risk element and had 3% at risk and not 2%. Trade the plan!!!
7 Dec 2009
Long Gold on trend pullback.
Good hammer off the 20ema after a pull back and TL break. Expect at least a test of the trend's extreme back up at the high.
Edit - OK this was a pause bar and not an entry hammer- hammers off the 20ema don't work. Only take at SR levels with good confluence. This was a classic trapped traders' fakout. Looking for 2 pushes down now but would still expect a test of that high due to the strong momentum of the up move previosuly
Nat Gas update
Nat Gas worker is trading into the Boss BEEB. I'll wait for a HH before any longs here.
Weekly Analysis - WE 11 Dec 09
Lt Sweet Crude Dec Fut – Monthly chart shows an IB last month right at the 38% Fib retrace from high to low combined with the SR level at 76.90ish. Boss chart shows 7 dojis in a row but above the major down trend line. Looks like price being held by the B-Boss 50sma. Could be a bull flag on the longer Tfs so wait for a breakout and a HL or LH etc. Neutral.
Nat Gas – B-Boss chart shows a bear IB(inverted hammer type) last month inside the previous doji. Boss chart on line chart looks like a H&S pattern and recent minor up TL broken. Short below 4.413 SR and long above the 5.29 SR and last high. Worker on Fri shows a BUOB but wait for a HL before any longs.
Gold – Monthly Bull Candle breaking old highs. Boss shows a Shooting Star with bear close. No fib /SR confluence up here other than historic high. Short below 1140 but wait for a retest of break for better RR ratio.
DowJones Dec Fut -(YMZ9) – Monthly bull candle in Nov but into high to low 50% retrace. PA still rising so long only until we get a wedge channel overshoot or other bearish action such as a strong TL break.
FTSE Fut (FFIZ9)– Big Bossand boss are still in a bull trend but last week's close was another spinning top on the 5300 level. Worker shows a 3 day expanding triangle with a BEOB and shooting star – short below the TL and 20 ema at 5252.
Cable – Big Boss shows a S Star, boss shows another S Star so short only below last low at 1.6200.
Gbpyen. - B Boss is in a downtrend. Recent action looks like a longer TF bear flag. Rule of 4 not in effect on B Boss yet so short below last low at 138.76. Look out for worker rejecting the SR level at 149.00.
Gbpchf – B Boss bear IB in Nov. Weekly shooting star at top of bear flag and 20/50 clustered MAs. Boss is in a clear downtrend. Short below 1.6750.
Eurusd – B Boss bull candle that bounced off the 78% Fib retrace from H to Low. Boss shows a bear candle. Short below 1.4780 after double top on worker.
Audusd – Monthly still in Up trend but bounced off the 261% Fib projection from the low to the first up swing from the lows. Boss looks toppy with a shooting star last week within the previous week's body. Worker shows small shooting star too with high bouncing off the underside of the broken up TL. Short below .9097.
Usdchf – Poss double bottom forming on B Boss chart, but would like to see a significant HL before long and a close above the SR at 1.0250 before long – Neutral.
Usdcad – B Boss Hammer still the controlling candle from Oct. Boss IB (bull) was broken low but could be a fakeout. PA Still under 20ema so If high of last 2 weeks ago is broken then we have a confirmed HL. Close above 1.0780 would be bullish.
USDYEN – B Boss gives a BUEB off the 86.50 SR level and looks like a major double bottom. Boss shows a large bull candle on strong momentum breaking the recent minor down TL. Will wait for a retrace here to test the TL break but looking for longs only now. NFP effected this by very strong numbers which could cause the Feds to hike USD rates. Could be $ +ve but Eq -ve!
Euryen – Big Boss still in uptrend but in middle of charts range. Boss still rangebound; Bull close last week. On good SR level so if 131.70 goes – short but if 137.92 is broken and tested long.
Eurgbp – Big Boss bull body IB last month. Boss bear close but still within the candle from previous week. Still above major UP TL so but worker gives a BEEB so could target the major UP TL. Wait for that battle to be won before acting and look for +ve PA at that TL to get long.
Eurnzd – Big Boss shows a Nov bull candle but it looks like a bear flag in a longer term down move. Worker shows an IB after the recent down trendline break so I'd expect a test of that BO with a HL or LL. Wait for confirmation but siding with long. PA retraced back to 61% from recent swing low to high so long above 2.090.
Gbpcad – B Boss still scream down. Big Boss bear IB. Worker gapped down last week into a spinning top. Worker in the 20/50 ma trap. Neutral.
Nzdusd – Monthly Shooter still in play. Worker shows an IB/S Star candle so short below 0.7100.
Audyen – B Boss bear IB last month. Boss is testing the broken UP TL from underneath but worker had 5 bull candle in a row. Bulls will not give up easy so wait for a test and -ve PA before considering any shorts.
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 hammer of sorts but with no significant TL break this is still short only on pullbacks.
CadJpy – Monthly bull candle with boss bull candle too. Could be a test of the underside of the broken TL. Await resolution on the worker with decent PA before anything. Neutral.
NzdJpy - Monthly Shooter – Boss bull candle into the B Boss 20ema. Worker TL broken and tested. Worker on down TL so expect a bear day on Mon unless PA punches through and follows other yen pairs up with usdyen. Neutral
Nat Gas – B-Boss chart shows a bear IB(inverted hammer type) last month inside the previous doji. Boss chart on line chart looks like a H&S pattern and recent minor up TL broken. Short below 4.413 SR and long above the 5.29 SR and last high. Worker on Fri shows a BUOB but wait for a HL before any longs.
Gold – Monthly Bull Candle breaking old highs. Boss shows a Shooting Star with bear close. No fib /SR confluence up here other than historic high. Short below 1140 but wait for a retest of break for better RR ratio.
DowJones Dec Fut -(YMZ9) – Monthly bull candle in Nov but into high to low 50% retrace. PA still rising so long only until we get a wedge channel overshoot or other bearish action such as a strong TL break.
FTSE Fut (FFIZ9)– Big Bossand boss are still in a bull trend but last week's close was another spinning top on the 5300 level. Worker shows a 3 day expanding triangle with a BEOB and shooting star – short below the TL and 20 ema at 5252.
Cable – Big Boss shows a S Star, boss shows another S Star so short only below last low at 1.6200.
Gbpyen. - B Boss is in a downtrend. Recent action looks like a longer TF bear flag. Rule of 4 not in effect on B Boss yet so short below last low at 138.76. Look out for worker rejecting the SR level at 149.00.
Gbpchf – B Boss bear IB in Nov. Weekly shooting star at top of bear flag and 20/50 clustered MAs. Boss is in a clear downtrend. Short below 1.6750.
Eurusd – B Boss bull candle that bounced off the 78% Fib retrace from H to Low. Boss shows a bear candle. Short below 1.4780 after double top on worker.
Audusd – Monthly still in Up trend but bounced off the 261% Fib projection from the low to the first up swing from the lows. Boss looks toppy with a shooting star last week within the previous week's body. Worker shows small shooting star too with high bouncing off the underside of the broken up TL. Short below .9097.
Usdchf – Poss double bottom forming on B Boss chart, but would like to see a significant HL before long and a close above the SR at 1.0250 before long – Neutral.
Usdcad – B Boss Hammer still the controlling candle from Oct. Boss IB (bull) was broken low but could be a fakeout. PA Still under 20ema so If high of last 2 weeks ago is broken then we have a confirmed HL. Close above 1.0780 would be bullish.
USDYEN – B Boss gives a BUEB off the 86.50 SR level and looks like a major double bottom. Boss shows a large bull candle on strong momentum breaking the recent minor down TL. Will wait for a retrace here to test the TL break but looking for longs only now. NFP effected this by very strong numbers which could cause the Feds to hike USD rates. Could be $ +ve but Eq -ve!
Euryen – Big Boss still in uptrend but in middle of charts range. Boss still rangebound; Bull close last week. On good SR level so if 131.70 goes – short but if 137.92 is broken and tested long.
Eurgbp – Big Boss bull body IB last month. Boss bear close but still within the candle from previous week. Still above major UP TL so but worker gives a BEEB so could target the major UP TL. Wait for that battle to be won before acting and look for +ve PA at that TL to get long.
Eurnzd – Big Boss shows a Nov bull candle but it looks like a bear flag in a longer term down move. Worker shows an IB after the recent down trendline break so I'd expect a test of that BO with a HL or LL. Wait for confirmation but siding with long. PA retraced back to 61% from recent swing low to high so long above 2.090.
Gbpcad – B Boss still scream down. Big Boss bear IB. Worker gapped down last week into a spinning top. Worker in the 20/50 ma trap. Neutral.
Nzdusd – Monthly Shooter still in play. Worker shows an IB/S Star candle so short below 0.7100.
Audyen – B Boss bear IB last month. Boss is testing the broken UP TL from underneath but worker had 5 bull candle in a row. Bulls will not give up easy so wait for a test and -ve PA before considering any shorts.
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 hammer of sorts but with no significant TL break this is still short only on pullbacks.
CadJpy – Monthly bull candle with boss bull candle too. Could be a test of the underside of the broken TL. Await resolution on the worker with decent PA before anything. Neutral.
NzdJpy - Monthly Shooter – Boss bull candle into the B Boss 20ema. Worker TL broken and tested. Worker on down TL so expect a bear day on Mon unless PA punches through and follows other yen pairs up with usdyen. Neutral
29 Nov 2009
Weekly Analysis - WE 4 Dec 09
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.
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.
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.
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