While the indices still look bullish but resting it is interesting to see how stocks and the dollar are moving in synch. I think that the dollar can lead at turns and they could move together for several weeks before we see a correction in stocks.
I am watching this diamond top set up in EURUSD (4hr chart):
I am not expecting much follow through on moves today with big news next week (election, FOMC, NFP).
Have great weekends
Crude short 82.00 stop 82.30 PT 80.00
Crude closed 50% @3R 81.10 (+1.5R)
SILVER stopped out (-1R)
AUDCAD closed 50% @3R 0.9910 (+1.5R)
Crude closed 50% @3R 81.10 (+1.5R)
SILVER stopped out (-1R)
AUDCAD closed 50% @3R 0.9910 (+1.5R)
Open trades:
USDCHF long 0.9710 stop 0.9680 PT 1.00 - 1/2 position
EURGBP short 8860 stop 8890 PT 0.85 - 1/2 position
EURSGD short 1.8040 stop 1.8190 PT 1.7650 / 1.70
AUDCAD short 1.0045 stop 1.009, 1st PT 0.985 - 1/2 position
EURUSD
ReplyDeletehttp://99ercharts.blogspot.com/2010/10/eurusd_29.html
Have a great weekend, Nic.
USDJPY
ReplyDeleteDouble Bottom and backtest of Falling Wedge.
http://99ercharts.blogspot.com/2010/10/usdjpy_29.html
Enjoy the weekend! "POMO"
EURGBP, its a nice weekend.
ReplyDeleteenjoy much.