Monday, 30 November 2009

EUR/GBP Short Order

On March 10 contract at 9184 as per analysis yesterday.

FTSE Long Order

At Dec 5164. Just above 61.8 of the rise from Friday's bottom and where A=C

Sunday, 29 November 2009

EUR/GBP Analysis



I believe a great shorting opportunity is upon on soon in this currency pair

USD/CAD Analysis


The triangle posted on Wednesday is still valid and took a perfect bounce off the upper trendline too complete the triangle. This should now do 5 waves down which should coincide with the indices doing a final 5 up and NZD/USD doing a final 5 up

FTSE EWT Analysis - Bullish Count

Friday, 27 November 2009

NZD/USD Analysis


Daily chart shows a pretty clear 4th wave Flat which has played out leaving the way up for one more high possibly to truncate as the 3rd wave was so long. USD/CAD had also stayed in the triangle which suggests still a one more low for the dollar. In fact if anyone had questioned whether on the indices that the drop yesterday was the start of Primary Wave 3 down, they wouldve doubted if they saw the NZD/USD chart on daily. 4 hour, looks like a perfect 3 waves down.

Weekly chart has bounced off 20ma, 8 hour MACD is primed to rise too

We'll see happens now. Have got my eye on a EUR/GBP short when it gets to 9200ish, will be next week now

LIVE TRADE - NZD/USD

Long NZD/USD March 10 0.7055
Stop 100
Limit - The previous high for a 5th wave truncation