Hi,
I will post some of my analisys here, along with trades I have took [if any] I analyse Daily and 4H charts and than trade of 30M and 1M charts. I also consider some fundamental outlook befor taking trade. Most I will write here.
I also post on my blog, where you are welcome to comment too.
For a new year I have following thoughts:
Daily charts:
GBPUSD:
under last two months descending trendline, soon may bounce down off it
EURUSD:
Third lower high is much higher compared to distance between first and second, and recent low is higher and off 50% retracement of last 7 months move up. And a new year often brings change in trend. Sooner or later there will be long opportunity here in spite of recent financial trouble in EU.
EURJPY:
This one goes smoothly down yet next lower top is about to be established within first few days of a January.
GBPJPY:
Down-trend is more than obvious here, however what I will be looking at are lengths of waves. The one that started in beginning of August is a bit longer than one from mid September, and yet the one that started in second week of December didn't finished yet, but still is shorter than second one. And yet again - will new year mark a trend change?
AUDUSD:
This pair is quite unpredictable for me at the moment. It did lower low in beginning of December, now it is testing high of an up-trend that started in May. It may form double top as well as break higher. I will stay away of it.
AUDJPY:
Clear uptrend with strong trendline just below, however current wave is visibly weaker than the second and second is half as long as first. This is another candidate for trend reversal.
USDJPY:
Very slow moving pair, that's why I don't trade it. It goes down, but there will be better entry point if someone is interested.
USDCAD:
The only obstacle for this pair to fall below 1.0 is the Bank of Canada.I stay away
EURCHF:
Third wave down exceeded already length of the second one but what's more important it did not retraced for a month.
Christmas time was a bit choppy, but after retracement I would expect more falls here.
USDCHF:
Certain down-trend, nice to short on one or two days retracements.
DJI and DAX:
Both are rising, however I will wait for the first week of January.
Gold and Silver:
Definite up-trend with strong reason behind [money-printing and economic crisis in general]. I will be happy to trade it on good technical setups.
[There is also a picture of GJ on my blog here:
http://fx-sniper.blogspot.com/2010/1...2340-gmt.html]
I will post some of my analisys here, along with trades I have took [if any] I analyse Daily and 4H charts and than trade of 30M and 1M charts. I also consider some fundamental outlook befor taking trade. Most I will write here.
I also post on my blog, where you are welcome to comment too.
For a new year I have following thoughts:
Daily charts:
GBPUSD:
under last two months descending trendline, soon may bounce down off it
EURUSD:
Third lower high is much higher compared to distance between first and second, and recent low is higher and off 50% retracement of last 7 months move up. And a new year often brings change in trend. Sooner or later there will be long opportunity here in spite of recent financial trouble in EU.
EURJPY:
This one goes smoothly down yet next lower top is about to be established within first few days of a January.
GBPJPY:
Down-trend is more than obvious here, however what I will be looking at are lengths of waves. The one that started in beginning of August is a bit longer than one from mid September, and yet the one that started in second week of December didn't finished yet, but still is shorter than second one. And yet again - will new year mark a trend change?
AUDUSD:
This pair is quite unpredictable for me at the moment. It did lower low in beginning of December, now it is testing high of an up-trend that started in May. It may form double top as well as break higher. I will stay away of it.
AUDJPY:
Clear uptrend with strong trendline just below, however current wave is visibly weaker than the second and second is half as long as first. This is another candidate for trend reversal.
USDJPY:
Very slow moving pair, that's why I don't trade it. It goes down, but there will be better entry point if someone is interested.
USDCAD:
The only obstacle for this pair to fall below 1.0 is the Bank of Canada.I stay away
EURCHF:
Third wave down exceeded already length of the second one but what's more important it did not retraced for a month.
Christmas time was a bit choppy, but after retracement I would expect more falls here.
USDCHF:
Certain down-trend, nice to short on one or two days retracements.
DJI and DAX:
Both are rising, however I will wait for the first week of January.
Gold and Silver:
Definite up-trend with strong reason behind [money-printing and economic crisis in general]. I will be happy to trade it on good technical setups.
[There is also a picture of GJ on my blog here:
http://fx-sniper.blogspot.com/2010/1...2340-gmt.html]