Charts, Currencies
EUR/CHF Intraday July 30, 2010
The 4 hour EUR/CHF chart shows that the short taken a few days ago reached it's first target (the bottom of the flag). Time to take some off for 300 pips, keeping a small part to catch the flush should price break below.
US Dollar Index Daily July 29, 2010
The daily chart of the continuous DX US Dollar future shows that price reached the 50% retracement level of the recent swing higher.
EUR/CHF Intraday July 28, 2010
The 4 hour EUR/CHF chart shows that the trade I was shaken out of earlier reached it's target, and that price seems ready to revisit the lower line of this large flag.
GBP/USD Intraday July 28, 2010
The 4 hour chart of the GBP/USD shows that price reached the upper band of this large green pitchfork, just below the 50% retracement level of the entire move down.
AUD/USD Intraday July 22, 2010
The daily AUD/USD chart shows that price is getting close to the upper border of this large red pitchfork.
AUD/CAD Daily July 20, 2010
The daily AUD/CAD chart shows that price reached the top of a large wedge and the orange resistance.
EUR/USD Intraday July 15, 2010
I don't know much about EW theory, but the wave count on this 4 hour EUR/USD chart shows that the bull-run might be over, and that we are headed to new lows.
GBP/USD Daily July 14, 2010
The daily GBP/USD chart shows that price is on it's way towards the highest down-sloping red trend line, where we should see a nice bounce - especially as this is not far above the 38.2% retracement level of the entire fall (not shown) which comes in at 1.53.
EUR/USD Intraday July 14, 2010
The 4 hour EUR/USD chart shows some conflicting signals. On one hand price is moving in a small flag (red lines), suggesting that there are higher prices to come. On the other hand price completed an AB/CD move (two yellow lines), which could indicate that the top is in.
USD Daily July 07, 2010
The daily chart of the US Dollar Index shows that price is testing the red uptrend line, which should give us some renewed dollar strength ...
