Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.

— Marcus Aurelius


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Saturday, July 17, 2010


AUDUSD weekly..

Bear case..I like the 23 week ma moving below the 50 week ma ..just...waiting to see if we get a more decisive move down..or if this is consolidation for a move higher...

We could be forming a bear flag for the next move down in which case I expect a break of the "flash crash" lows around 80..

if we are in a bull run a move above 89/90 means new highs or at least a test of the old highs

Tuesday, July 13, 2010


Looking at DAX weekly something caught my eye..maybe it's the heat!

The areas highlighted by rectangles look similar,,looks like one more thrust up to test resistance at 6340..then a pull back..one more test and ...F

A break above 6340 (clear) means new highs probably due..

Thursday, July 1, 2010


Seems like YEN strength vs dollar = weak equity markets, so here's the USDJPY weekly..

Looks like tracing out a triangle, and a break below the lower line could tie in with a BIG fall in equity markets. May be that we stay in the range for a while longer, as it is a weekly chart...but more warning signs??


Just trawling through charts, here's DOW Industrial with lines drawn from a while ago, the arrows are recently added...

EURO GBP short term bottom or near?

Haven't looked at EURGBP for a while (due to personal circumstances been out for a while), but we broke down through 0.8455, but we have hit the lower descending trend line at around 0.8100 and bounced.  This looks like could be key, though we are still in a DOWN TREND, may be a warning that EURO may have a period of strength vs Pound (which ties in with the previous post on cable).

Obviously a clear break below 0.81 and we could test as low as 0.78


Recent rally "looks" like it could be ending, if so we could see 1.41 at a minimum over medium term.

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