Tuesday, 24 November 2009

Weekly Outlook charts


USDJPY - RSI near to middle; huge UPPER segment (gap between U_BLUE & U_GREEN) signifies a upward move is guaranteed but players will try the LOWER BLUE before going UP. The upward move will take some-time with thin trading and as christmas is round-the-corner.


USDCHF - I think this will get stuck in GREEN channel for some more-time.

EURUSD - RSI is UP but enough room to try go up again. BLUE channel looks static and green channel shows UP trend - must test the U_GREEN line soon though the gap in lower segment has enough strength to drop. Mixed signal!!!


GBPUSD - a -ve sentiment pair with fundamentals plus huge Lower segment shows that it should test L_BLUE line. With last two RSI peaks showing UPtrend the price should test L_GREEN and if it manages to break then a drop to 1.6200 is guaranteed.

EURGBP - Persistent in trying to break U_GREEN (GBPUSD vice-versa) but it is proving to be a tough wall to break. It will make a small slide back to gain the strength and when GBPUSD breaks the L_GREEN; I expect this pair to test U_BLUE line.


GBPJPY - You can expect this to follow GBPUSD & USDJPY. Like USDJPY this pair is making huge Upper segment - beware! be very vary!!! trade with caution any 144 price do BUYs.

EURJPY - I feel funny to even forecast this; as this pair should follow its Major - both to opposite directions. Yes EURUSD up and USDJPY down. That shows that this pair should be in GREEN channel for a while. Last two peaks in RSI shows that uptrend signalling a test of L_GREEN in schedule. I will trade with caution; BUY lower to 132.00 will be a good strategy for few pips.


AUDUSD - RSI & BLUE channel gives away the story. Last two RSI peaks shows UPtrend it may try a new small high but heading down for now. Any test of L_BLUE line is a good BUY for next 2 or 3 month.

2 comments:

  1. Whats the signifigance of the upper green shifting above the upper blue, as in the 1 min a/u right now?

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  2. i was looking at this yesterday and wondering if this was showing a stronger trend and if to change tacticks when this happens and trade the down/up trend whilst the 88 is outside of the 44???? would like your thoughts

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