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Daily candle chart

  • #8,121
  • Jun 1, 2009 12:35pm Jun 1, 2009 12:35pm
My Weekly...may be not in a straight line.


Quoting Bones
Were approaching/on Support ,1.0700 must go to reach target.Its a good area to watch,could well consolidate for a bit if we break into box.
Could need news to enter box..??
Attached Image (click to enlarge)
Click to Enlarge Name: 21) usd cad w1 1st june.gif Size: 18 KB
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  • #8,122
  • Jun 1, 2009 1:22pm Jun 1, 2009 1:22pm
The weekly has begun with a Bang,possible Gm and also Uk news gets better with every release......1.6700 is a Possibility BY WeNESDAY i think...,there are 2 FIBO levels at that area....
Even if there is a retrace,Cable is very BULLISH,considering the Monthly Candles.....


GBP_USD Spot.png
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 12 KB
  • #8,123
  • Jun 1, 2009 1:40pm Jun 1, 2009 1:40pm
EUR_USD Spot.png

after all the waiting,I MISSED IT......

baz
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD Spot.png Size: 10 KB
  • #8,124
  • Jun 1, 2009 8:33pm Jun 1, 2009 8:33pm
looks like we might see a last upward leg this week before a reversal
and new strenght on the dollar may be closer than we imagine ( I am watching 77.7 on USDX, currently around 79)

commodities related currencies likely to turn down first followed by EUR and GBP
we already saw some sign of slowdown in CAD, but I would wait for lower levels to buy dip or a confirmed breakout on the daily/weekly.

while the USD could slowly take back part of his recent losses, I see good chances for longs on /JPY crosses and makes sense to go long again on the dollar after a new breakup (1,44 - 1,46 against EU and 1,66 - 1,72 against the pound, harder to catch though, Baz posted an excellent chart on #8122)

Summer should be good for the dollar
  • #8,125
  • Jun 2, 2009 10:39am Jun 2, 2009 10:39am
Im thinking this was On the Neck,since we have wick cover ,look towards Daily close now as 7800 seems strong...


Quoting Bones
Is price to low for on the neck pattern?
Attached Image (click to enlarge)
Click to Enlarge Name: 25) usd lfx d1 2st june.gif Size: 20 KB
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  • #8,126
  • Jun 2, 2009 10:57am Jun 2, 2009 10:57am
Quoting Bones
Im thinking this was On the Neck,since we have wick cover ,look towards Daily close now as 7800 seems strong...
I agree on your view Bones and I am waiting for that target to buy the dollar
  • #8,127
  • Jun 2, 2009 11:55am Jun 2, 2009 11:55am
GBP_USD Spot.png

hi Tony,Famira,Hussin
cable edges Upwards......it will be an Intresting Thursday and Friday...
1.6700 is getting closer......

baz
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Spot.png Size: 10 KB
  • #8,128
  • Jun 2, 2009 12:04pm Jun 2, 2009 12:04pm
Quoting jack.canadia
usdcad
Looks like a potential trade, resistance becomes support.
  • #8,129
  • Jun 2, 2009 12:09pm Jun 2, 2009 12:09pm
In regards to my previous post; just a different view on a weekly trend line possible test.
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  • #8,130
  • Edited 12:24pm Jun 2, 2009 12:13pm | Edited 12:24pm
Yes Baz 1.6672 (From the daily)is on my radar ,would you say it will cap?

We do seem to have come a long way without retrace...

Quoting baz
GBP_USD Spot.png

hi Tony,Famira,Hussin
cable edges Upwards......it will be an Intresting Thursday and Friday...
1.6700 is getting closer......

baz
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30) gbpusd h4 2nd june.gif Size: 21 KB
Click to Enlarge Name: 30) gbpusd d1 2nd june.gif Size: 20 KB
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  • #8,131
  • Jun 2, 2009 12:20pm Jun 2, 2009 12:20pm
Quoting Bones
Yes Baz 1.6672 (From the daily)is on my radar ,would you say it will cap?

We do seem to have come a long way without retrace...
we can expect some RESSISTANCE,but looking at UK Fundies,it seems to get better with every release......
i think we will know by Friday, BUT there has to be a RETRACE ????...even if Cable remains Bullish on the Monthly ...
i am not Shorting Cable yet.......

Ps Tony,on the Daily it boke out of the Upper Channel line as well

baz
  • #8,132
  • Jun 2, 2009 12:26pm Jun 2, 2009 12:26pm
Hi Mack I see the potential only the $ keeps falling ,ill wait for a daily signal at least.
My target is a few hundred lower.


Quoting MackS10
In regards to my previous post; just a different view on a weekly trend line possible test.
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  • #8,133
  • Jun 2, 2009 12:41pm Jun 2, 2009 12:41pm
Well you'd certainly think the $ would be overcooked by then ,nothing would surprise me at this point Fammira

Quoting fammira
I agree on your view Bones and I am waiting for that target to buy the dollar
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  • #8,134
  • Jun 2, 2009 1:16pm Jun 2, 2009 1:16pm
Quoting Bones
Well you'd certainly think the $ would be overcooked by then ,nothing would surprise me at this point Fammira
you are right but I have noticed how the vertical fall of the dollar has started to slow in currencies like CAD and CHF.
After a new drop, I believe EUR and GBP will follow.
How big will the next drop be is the question...but I think that something between 1,435 and 1,46 for EUR and 1,67 - 1,70 for the GBP might be profitable medium term entry points for the shorts
  • #8,135
  • Edited 1:43pm Jun 2, 2009 1:32pm | Edited 1:43pm
I agree It could well be that it they all meet target at the same time..
Attached Image (click to enlarge)
Click to Enlarge Name: 30) dow d1 2nd june.gif Size: 17 KB
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  • #8,136
  • Jun 2, 2009 1:41pm Jun 2, 2009 1:41pm
Also the DX
Attached Image (click to enlarge)
Click to Enlarge Name: 30) usdx d1 2nd june.gif Size: 25 KB
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  • #8,137
  • Jun 2, 2009 1:56pm Jun 2, 2009 1:56pm
Quoting Bones
Also the DX
Hi Bones, do you know if Liteforex offers USDX in addition to its LFX charts? I wasn't able to find it. Cheers
  • #8,138
  • Jun 2, 2009 2:55pm Jun 2, 2009 2:55pm
Hi ezodisy ,
not as far as I am aware ,I use
http://www.forexltd.co.uk/
Demo MT4
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  • #8,139
  • Jun 2, 2009 4:03pm Jun 2, 2009 4:03pm
Thanks Bones.

Is JPYLFX read the same way as the other LFX charts? I ask only because in my console it's the only one written differently (LFX JPY)

Having mentioned that does anyone fancy the eur/jpy double top at 1.37?
  • #8,140
  • Jun 2, 2009 4:15pm Jun 2, 2009 4:15pm
Well LFXJPY is inverse to the others when it goes up the Yen is weakening...for me I think the Eur lfx will go to 2.5700 ...
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Click to Enlarge Name: 30) eurjpy d1 2nd june.gif Size: 19 KB
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