Tuesday, March 30, 2010

Tuesday 30 March

Sterling well up this morning on good UK numbers.
I am watching Cable, 1.5150 is trendline resistance and 61.8fib of last swing. It is possible cable has put in a daily double bottom (only 14ticks difference) but only a break above 1.5380 confirms the pattern.
The break above 0.92 this morning means the downside correction for AUDUSD is over and we could see a three line drive and new highs.

ECB countries lining up this morning to lower GDP growth forecasts are a big lag on euro.

It's Turnaround Tuesday - if it moves my way I am loading up.

EURJPY stopped out (-1R)
GBPJPY stopped out (-1R)
EURUSD short 1.3490 stop 1.3510 target 1.3385 / 1.30
S+P futures short 1170.50 stop 1172.50
AUDCAD short 0.9365 stop 0.9385 target 9280 and lower
S+P futs stopped out (-1R)
EURAUD closed 50% @3R 1.46 (+1.5R)
EURAUD closed  balance @3R 1.46 (+1.5R)
EURCAD short 1.37 stop 1.3750 target 1.3550
CRUDE short 82.50 stop 82.80 target 80
S+P futs short 1173 stop 1176.50 target 1162.5 / 1157
CABLE short 1.51 stop 1.5150 target 1.4850 - off 50fib level
EURUSD short closed 50% @3R 1.3430 (+1.5R)
NZDUSD short 0.7095 stop 0.7120 target 0.7015 / 0.69
CRUDE stopped out BE - API inventories

Open trades:
EURUSD short 1.3490 stop 1.3510
AUDCAD short 0.9365 stop 0.9385
EURCAD short 1.37 stop 1.3750
S+P futs short 1173 stop 1176.5
CABLE short 1.51 stop 1.5150
NZDUSD short 0.7095 stop 0.7120

S+P futs is a range trade - equal channel:

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