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.