Tuesday 27 April

It has been one of those nights as risk appetite is waning and equities sell off.  AUDUSD has failed at the 93 level, Cable at 1.55 and EURUSD at 1.3220 and the JPY crosses are pulling back.  I am sticking with the bullish daily and weekly candles from last week and I see these pullbacks as buying opportunities for dollar crosses and I am waiting for the retracement levels.

The Greek drama is becoming old fast and EURGBP is unable to hold below the trendline it broke.  I am not buying but I will leave that one for now and see what it does at 0.8830/0.8850.  Bizarrely Greek/German 10yr bond yield spreads are now at 687bps a 12 year high.  Eventually that will catch up with EUR.

Late today is the NZD rate decision.
27 April 1987 was one of the biggest down days in stocks ever ... :)

EURGBP short balance stopped out (-0.5R)
USDCAD long 1.0004 stop 0.9984 PT 1.007 counter-trend
EURUSD short 1.3345 stop 1.3370 PT 1.3265 break of TL support
CRUDE short closed 25% @ 83.30 target (+1.25R)
CRUDE short closed balance 83.50 (+1.1R)
CRUDE closed original short balance 83.50 (1.47R)
USDCAD long closed 50% @1.007 target (+1.65R)
USDCAD closed balance 1.008 (+1.9R) - old trendline resistance
EURUSD closed 1.3280 (+2.2R) - old trendline support
EURUSD closed original short balance (+7R)
GOLD short closed 1146.50 (+2.3R) - 50fib
GBPJPY closed 50% @3R 143.90 (+1.5R)
CRUDE long 83.50 stop 83.00 PT 85.50 - 4hr doji
AUDJPY closed 86.40 (+1.6R) - Turnaround Tuesday
CHFJPY closed balance 86.70 (+3.3R)
GBPJPY closed balance 143.60 (+1.8R)
CRUDE long stopped out - Greece downgrade (-1R)
CRUDE short 83.00 stop 83.30 target lower
CRUDE short closed 82.00 - last weeks low
CRUDE long 82.00 stop 81.50 PT TBD
USDCAD short 1.0170 stop 1.0190 PT 1.007 / 1.0035
GBPJPY long 142.00 stop 141.50, PT 144.50, 4hr doji

Open trades:

USDCAD short 1.0170 stop 1.0190
CRUDE long 82.00 stop 81.50
GBPJPY long 142.00 stop 141.50