Tag Archives: Forex Markets
Euro
There is a lot of focus on the Euro today after the ECB meeting. Just a reminder that 142.35 was last weeks close. Simply put you have to have closing price action under this level to have a chance at … Continue reading
USD/CHF
93.47 was last years close. This is not a spot to press up long Dollar positions. let it breath!! However, a close over this level is bullish dollars and can start another swing.
USD/CAD…Pattern Alert
96.66 cash App 103.40 futures is double top territory on a qtrly chart. This is not a level to be buying Canada strength the first time up. Let it play out and keep your eye on CAD/JPY.
A.M. Look 4/1/11 ….No Fooling
let us start with a few observations: 1) The Soybeans closed almost unchanged on the Qtr. closing under 13.965 ( Dec. 2010 close) will now act as your downside pivot. closing over yesterdays close will be your upside pivot. So … Continue reading
Aussie…Pattern Alert…Food for thought
The straight AUD/USD is putting in an outside reversal month to the upside. Long Aussie is the right way right for now on the Yen crosses as well. Today’s close will be important, but you’ll need sustained price action under … Continue reading
S&P 500…USD/CAD
1283.60 is the # the March Spu rallied from the end of January. The June’s are now the lead month and have recognized the level.1277 is a level in the June that should not be pressed by shorts the first … Continue reading
A.M. Look 3/14/11
This A.M. the main features will be the currency futures and grain expiration. The Currencies go off at 9:15 CDT. The U.S. Equity indices could have been worse given Japan’s market last night. Be patient and let it set up. … Continue reading