30.03.2011

Usdcad is trading at 0.9720. It is intraday support for this pair. It is also completing bullish bat pattern (one i mentioned few days ago: http://forexoholic.blogspot.com/2011/03/24032011.html)

Euro index trading at 110.77 and approaching supply level. Expecting a correction on the Euro crosses soon.

This week we have Non-Farm Payrolls (http://www.marketwatch.com/story/signs-pointing-to-decent-payrolls-growth-2011-03-27), market will be rather violative so caution is advised.

24.03.2011

Usdcad still trading around 0.9770 waiting for buyers to kick in. There is a possibility of a bullish crab pattern if price drops to 0.9710 and lower which is 161.8 fibonacci extension.

Audusd currently trading at reistance area and down trend line.

Gold is testing historical highs.

21.03.2011

Usdcad is dropping into support level, creating possible bullish crab pattern.

Audusd arriving at supply area around 1.008 - 1.01.

17.03.2011

Dollar trading at important support level on daily time frame.

Euro is retesting broken up trend line and met some resistance at 108.95.

Give all that a correction on Eurusd is expected.

14.03.2011

Euro index trading into minor resistance area suggesting a possibility for a correction.

Dollar index trading at support level (orange rectangles), suggesting a bounce back to the resistance is possible.

Gbpusd trading at 1.6172. The pair is trapped in resistance zone 1.6150 - 1.6222 with another level higher around 1.6315.

08.03.2011

Nice pin bar on dollar index from yesterdays candle at demand level, suggests we might see a bigger correction or even trend reversal on dollar.

UsdCad broke out from the triangular yesterday. It is testing it currently and looking to move higher. Support at 0.97 is holding.

Eurgbp trading into supply area 0.8631 - 0.8660.

Silver is at intraday resistance level with first support around 35.80.

07.03.2011

Some levels I am watching today.

Eurgbp trading in supply area.

Chfjpy at important supply zone, capped under upper up channel band.

Eurjpy tested 115.70 resistance on friday. Daily candle has created bearish pin bar suggesting a correction is possible.

Usdjpy approaching intraday support level.

02.03.2011

Usdchf currently at 0.9260 with a demand level just below it.

Dollar index trading at 78.88 with important demand level coming at h4/daily TF.

Gbpusd trading just under intraday supply level.

On the daily time frame it is trading in very important supply zone. Since january 2010 when it visited that level last time, it has dropped 2100 pips.

28.02.2011

Audusd trading at 1.017 with supply level just above it and ABCD harmonic pattern.

However Nzd index chart shows that this currency is sitting just above a support level.

Both these charts suggest that AudNzd pair might correct from the resistance level its sitting at. On the weekly chart it is a important supply level for this pair.

24.02.2011

Eurgbp trading at supply level.

Usdjpy trading at demand level.

Dollar index trading at important demand level.

23.02.2011

Usdchf trading at 0.9380 with a support just under. Intraday resistance at 0.9460.

Euraud trading at 1.3660 just under the top channel line. Important supports at 1.3540 and 1.3420.

22.02.2011

Eurusd trading at 1.3640 after bouncing from the support and up trend  line at 1.3535. Important intraday resistance around 1.3673.

Dolar index trading at 77.90 with a support level just below it at 77.80 - 77.70.

20.02.2011

Some support and resistance levels to trade in the coming days.

Dollar index:

Eurusd:

Audusd:

Eurgbp:

Chfjpy:

18.02.2011

Eurusd currently trading at 1.3557. It bounced from supply level and down trend line. Fighting with a little demand level here at 1.3545.

Euro index trading at 106.86 with a small demand level just below it.

Usdnok trading at 5.72 after bouncing from support this morning. Heading towards 5.75 and 5.797 intraday resistance levels.

Eurgbp trading at 0.8363 with support at this level.

16.02.2011

Eurusd currently trading at 1.3512after bouncing of the broken down trend line. Its capped between support and resistance intraday.

Cadchf trading at 0.9810 with resistance level at 0.9860. Intraday support levels 0.9760 and 0.9665.

Silver trading at 30.50 with important supply level just above.

14.02.2011

Usdjpy is currently trading at 83.30. It has created double top on h4 chart. There is also a downtrend line which suggest the price should move lower.

Cadjpy currently at 84.30 with supply level on the left 4 hour time frame. Intraday supports around 83.80 and and 83.00.

Cadchf trading at 0.9825, double top on h1 / h4 time frame. Intraday support/demand levels are at 0.9745 and 0.9660.

Silver trading at 30.50 with a cluster of candles on the left at 30.70 which creates resistance. Intraday support 29.60 and 28.50.

 Euro index trading at 106.90, with a demand level at 106.70, suggests a correction and a bounce up.