Sunday, March 15, 2009

this week's calls

...reasonably pleased how last week's calls went with decent results on the swissy, cable and eur/gbp.
Now to this week's forecast:
EUR/USD: last week's long white brings a bullish tone to the world's favourite pair.. I won't be going long until I see a clear break of 1.30, mind.
GBP/USD: last week's spinning top is signalling a potential pause in the cable's current down trend. I'll be range trading initially within 1.37 and 1.43.
USD/JPY: another spinning top, but the lower highs and lows outweigh the longer lower shadow and I read a slightly stronger bearish bias. However, I'm still trading the range on this pair and looking for excuses to short above 99.25 with the reversal around 96.
USD/CHF: the SNB intervention left us with a bullish engulfing. You might try going long if price falls to 1.17, but I'd check out the action on EUR/CHF here, because that's the pair the gnomes in Zurich are worried about.

No comments:

blogarama - the blog directory Add to Technorati Favorites Blog Flux Directory Blog Directory  engine
Blog Directory