Wednesday, September 10, 2008
10 sep
CONCL:
watch for a possible gold recovery
$ is up
gdp, eur down
gft:
ding on the news on Lehman, the catalyst of the equity slide, the
dollar should see the same pattern on Wednesday as well. The outlook
remains positive on dollar/Europe and slightly bearish in dollar/yen.
No US reports are due on Wednesday.
gold : passed recent min, 768
month: on support , ind conf, is on FIB(38)
wk: in on FIB(61)
oil: 102!! -> pos for $, passed MA( 50), on LB ( Lower Bollinger)
day: broke sup-> ( 100=FIB(61)+ old res)
--wk: very fast desc
---month: no support -> 80 ( MAs)
DOWJOW:
- wk
- day: asc till old sup, then desc back
nASCOMP:
-- day on the way to the prec min
NIKKEY:
- desc
DAX:
- dayly: desc triang
EUR/USD:
-day: flag - CNS ( consolidation ) -> P<1.4046 -> sell, stop 1.1495
--wk: passed FIB ( 38), FIB(50)=1.3850, sup = 1.34
--month:FiB(50)=1.3850, LAP ( lower Andrew Pitchfork )
USD/JPY: choppy
GDP/USD:
---month: on FIB(50) = 1.74, no support !
---wk: desc
day: SD
-gft:Sterling/dollar consolidated in an inside range on Tuesday after
failing to mount a recovery in New York. My model remains short. The
medium term is bearish, but the short-term outlook remains mixed.nitial resistance is at 1.7706. This is followed by 1.7737
USD/CFH:
++day,wk,month
obs: day: div MACD
sd - USD/CAD (sideways)
watch for a possible gold recovery
$ is up
gdp, eur down
gft:
ding on the news on Lehman, the catalyst of the equity slide, the
dollar should see the same pattern on Wednesday as well. The outlook
remains positive on dollar/Europe and slightly bearish in dollar/yen.
No US reports are due on Wednesday.
gold : passed recent min, 768
month: on support , ind conf, is on FIB(38)
wk: in on FIB(61)
oil: 102!! -> pos for $, passed MA( 50), on LB ( Lower Bollinger)
day: broke sup-> ( 100=FIB(61)+ old res)
--wk: very fast desc
---month: no support -> 80 ( MAs)
DOWJOW:
- wk
- day: asc till old sup, then desc back
nASCOMP:
-- day on the way to the prec min
NIKKEY:
- desc
DAX:
- dayly: desc triang
EUR/USD:
-day: flag - CNS ( consolidation ) -> P<1.4046 -> sell, stop 1.1495
--wk: passed FIB ( 38), FIB(50)=1.3850, sup = 1.34
--month:FiB(50)=1.3850, LAP ( lower Andrew Pitchfork )
USD/JPY: choppy
GDP/USD:
---month: on FIB(50) = 1.74, no support !
---wk: desc
day: SD
-gft:Sterling/dollar consolidated in an inside range on Tuesday after
failing to mount a recovery in New York. My model remains short. The
medium term is bearish, but the short-term outlook remains mixed.nitial resistance is at 1.7706. This is followed by 1.7737
USD/CFH:
++day,wk,month
obs: day: div MACD
sd - USD/CAD (sideways)
Labels: forex
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