Sunday, March 22, 2009

last week's round-up, this week's calls.

another spate of decent calls last week methinks.
EUR/USD: we were bullish on the euro and, boy, didn't that baby go. We were left with a long white, which signals a continuation of the bullish tone. However, I'm ready to wait and see what happens in the next 24 hours or so. Ready to consider a long at this juncture only if price falls to 1.32
GBP/USD: there certainly was a pause in cable's downtrend last week and the ensuing bullish engulfing is a buy signal. However, fools rush in and I won't be looking to buy until price falls to around 1.42.
USD/JPY: we called a bear bias for last week and that's how things panned out. I'm looking to trade a 94-99 range this week.
USD/CHF: the previous week's bullish engulfing was engulfed in turn by the bears last week. You could try looking for shorting opportunities if price rises to 1.15 but beware the SNB.
EUR/GBP: This pair is paying out nicely at the moment. I'm still ready to buy but I am waiting for a bullish daily candle to close above 0.95 before jumping in again

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