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.

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.

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.

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.

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.

11.02.2011

Eurusd trading at 1.3525, creating double bottom intraday.

Nzdusd trading at 0.7572 with little demand level around 0.7560 - 0.7535.

Gold trading at 1358. On the daily chart its retesting broken up trend line with a supply level on the left.

GbpJpy trading at 133.43. Its created rising wedge and has a double top on h4/daily charts.

Audusd trading at 0.9977 with a small demand level on the right. Cluster of candles resolved to the upside, price is reacting again.

09.02.2011

Eurusd currently trading at 1.3632. Yesterday it bounced from the supply level 1.3670, breaking the up channel. First important support level around 1.3540.

Eurjpy currently trading at 112.60 with a supply level on the left all the way up to 112.90. Important support at 111.35.

Audusd currently at 1.0108 reacted to the supply level at 1.0185, heading towards support around 0.9980 and lower.

Silver trading at 30.15, with resistance around 30.50 - 31.10.

22.12.2010

Dollar index trading at 80.45, just above support and up trend line on 1h timeframe. Oscilator in oversold zone.

Eurusd currently at 1.3140. Dipping lower after testing resistance at 1.3180. Supports stand 1.3060 and 1.3000.

Gbpaud hit 161.8 fibonacci extension.
Interesting Saxo Bank prediction says Audgbp will drop 25% in the next year. You can read more here: http://www.saxobank.com/about-us/press/Documents/outrageous-predictions-2011.pdf

This is last post before Christmas so just want to wish you all Merry Christmas. Also hope that next year will bring all of us only good days and many pips :)

21.12.2010

Dollar index currently at 80.44, with support at 80.30. Break below support would lead to drop towards 79.80, its lower intraday support. Break above yesterdays high 80.70 would lead to retest 81.30 and higher.

Eurusd currently at 1.3150, capped below resistance 1.3190. Break above would lead to test h4 down trend line as well as resistance area 1.3270 - 1.3290. Important support levels are 1.3060 and 1.3000.

Interesting situation on GbpAud. Pair has reached its 138.2% fibonacci extension target level, heading towards 161.8%. A rally after reaching targets is possible scenario.

Audusd creating possible Head & shoulders to move lower.

17.12.2010

Euro index at 107.00, just under its resistance and another one higher at 107.40.

Dollar index at 79.60, intraday support with 61.8% fibonacci retracement around here.

update: both playing out well so far: