EURUSD

if macd on day chart crosses up here, a decent divergence will have been created... to look for upside...
maybe to 1.4 before pausing to consider... which way now...
one scenario I am looking at...

this trendline.. of course i meant 1.3705
sorry bout that

Daily Market Scenario - Friday 05 February 2010 (Setup -- Rolling 24-hour rates)

updated at 00:00 CET -- Rollover Setup -- calculated at 23:15 CET (every day)



EUR-USD *


close/clôture * 1.3722 *


Elliott : extended impulse wave down 1.3638


Scenario for today


Supports at 1.3680 / 73 or 1.3662 - 1.3639 should hold the downside for a correction towards 1.3812 or even to above 1.3843 zone ...


USD-CHF *


close/clôture * 1.0670 *


Elliott : elongated flat correction up 1.0733


Scenario for today


Currently uptrend should end around 1.0737 - 1.0794 area. A correction down towards 1.0642 or to below 1.0608 is expected. A confirmation by H4 close/clôture above 1.0737 would abort/dampen this expected correction ...




GBP-USD *


close/clôture * 1.5754 *


Elliott : extension wave down 1.5664


Scenario for today


Support at 1.5731 / 22 or 1.5684 should hold the downside for a correction towards 1.5801 - 1.5834 or even to above 1.5872 zone ...


USD-JPY *


close/clôture * 89.03 *


Elliott : extension wave down 88.15


Scenario for today


Market should not go lower than 88.85 / 79 - 88.55 or 88.25 - 88.03. After this move down it should cross above 89.79 - 89.92 go up to 90.05 / 11 - 90.55 area ...




USD-CAD *


close/clôture * 1.0743 *


Elliott : elongated flat correction up 1.0829


Scenario for today


Uptrend is still intact in a triangle configuration. It should continue to rally to 1.0755 - 1.0798 or 1.0802 - 1.0823 if support around 1.0698 may hold. After which a pullback to 1.0698 - 1.0671 zone is possible again ...




NZD-USD *


close/clôture * 0.6873 *


Elliott : extended impulse wave down 0.6803


Scenario for today


Current fall is near an end of wave around 0.6803 zone. A rally should then procede from that area to above 0.6985. Break of below 0.6732 would cancel this scenario ...




AUD-USD *


close/clôture * 0.8646 *


Elliott : extended impulse wave down 0.8552


Scenario for today


Market should reverse above 0.8559 and not go lower than 0.8523. After this move down it should go up to 0.8706 - 0.8737 or 0.8781 area ...




EUR-JPY *


close/clôture * 122.17 *


Elliott : resistance in an elongated correction 123.63


Scenario for today


Market should not go lower than 121.87 / 121.57 - 120.34. After this move down it should go up to 123.78 - 124.25 / 60 or 125.10 - 125.24 area ...




EUR-CHF *


close/clôture * 1.4641 *


Elliott : elongated flat correction down 1.4563


Scenario for today


Market should not go lower than 1.4608 or 1.4584 - 1.4563. After this move down it should go up towards 1.4697 - 1.4750 or even to above 1.4788 area ...




EUR-GBP *


close/clôture * 0.8710 *


Elliott : flat correction down 0.8666


Scenario for today


There is bearish potential for a fall to 0.8691 - 0.8677 while 0.8718 / 24 - 0.8734 may resist. After this fall a recovery up to 0.8735 or 0.8744 is expected ...





Good Luck ! ! !




;-)




Cheers



EFFPUNKT

Hope you doing ok all.I just changed pairs for a while.NZD possible double top.Take it for what you think.Possible

Afternoon fade + getting out of market because 2 big releases coming up in 2 hours so everyone is just taking profits.

here some of my daily charts, may it helps.
cya

Because everybody thinks it's going down because of that, like me, but we will see, to me lower low is coming, this is only my opinion! Like yesterday, after each big sell candle an immediate retrace was occurring.

When bad figures get these effects it is usualy time for a rebound.

But we are on nfp day and everything can happen because every traders ( big and small) are very nervous .

In my opinion as said before we are on a capitulation day and euro is going to go back to 138 minimum.
let see what happen

I know u play intra here,
dont forget about bigger scope, what comes up must fall down

"professional" money buying into weakness, helped by shorts with an eye on German news - will unload soon

do you mean 138 till nfp or after?

i have a buy stop limit if 13730 is broken target 138 stop 137,14

I dont know because of nfp very difficult these days always

yankees ( or burgers ) are the buyers on that moove 2 big banks

if if..1.3840 I see give or take a few

Anyone building shorts on the retrace here?

short doable but stop mandatory over 137,30 because between 13720/137,30 have huge sellers

no ofense, but how do you feel it? what you dreamed and not telling us?

or can you feel it in the air?

post some charts to explain your words

Dont do it before NFP news.
May be it's a little correction before blow down euro.

Maybe they just temporarily ignored bad news ...it is difficult to lift EU on bad news and still very atractive situation with PIIGS....They are waitng on CAD and USD news....