EURUSD

Tempted? I know I am..

GBPEUR - Harbinger of Euro Weakness

Naturally this is just one possible interpretation of the tea leaves, but the potential for a turn is there all the same.

Bonus chart - USDJPY:

Mainstream Media Indicator - USD edition

Full dose of Seltzer, ah, wisdom is avaiable here.

US Dollar Index

EURUSD reversal

So an emphatic turn in EURUSD, concordant with my analysis in the GBPEUR pair. Could this be the start of a major strengthening of the Euro?

Swissie update

Quick look at some things Swiss.

Looks poised to strenghten imminently against GBP:



Already started to against USD (this latter ties in nicely with the bullish EUR forecast - wish I'd been paying closer attention to this pair earlier - so many to keep track of though!):

Euro about to get its mojo back?

It would appear that the long-term triangle I have been watching has reached maturity; we are there - wherever there is.

Think I might get out of my EURUSD short...

UPDATE: talking of which, I was looking again at EURUSD. Clearly, we could have seen the low already last week, but I was having difficulty squaring this with a three wave rise and then a seeming impulse down from the corrective high. There is a way, however...

UPDATE 2: got carried away and was a bit early shorting this mother - got stopped out - but the bearish engulfing candle came right on cue...

Time to sell the rip on Monday methinks!

EURUSD: chocks away?

There is always a bullish alternative count; in this case that would be that we already completed wave 5 and thus the huge impulse down from the November high.

But it looks a bit short - under 61.8% of wave 1 - so I figure it's got to be worth a punt short at this point as the alternative (pictured) is that we are about to start (or have already) wave iii of 5 down.

EURUSD - progress of wave 5

Aussie in the sweet spot?

Let's see what happens from here..

EURUSD 30min update

EURUSD looking a little sluggish

// just to note, that iv could very well be (a) of iv (maybe even more likely) - happily, that wouldn't change the immediate outlook

AUDUSD - looks like it was one more high then

Got stopped out on my short for no loss. Bit more difficult to manage trades now I can only devote an hour or two to managing positions a day. No matter - this motherfucker still has me salivating. We are farting around in a bearish wedge on the 15 min chart and just waiting for the broadening wedge top to break on the daily. Gonna be a gusher when it does.

Shorting here

Nasdaq looking like it's hit the wall




Having a pop at AUDUSD here as well - I really fancy the Aussie mahusively overvalued. May well try to get short AUDJPY later but don't want to be too greedy right now.

EURUSD weekly

Go Aussie!

AUDUSD - goose cooked or one more high?

I really like AUDUSD as a potential short, but I'm not sure if it's quite done to the upside just yet. It's hanging onto the trendline and 50% fib support right now. I suppose this could make a ballsy overnight long. But not for me!

UPDATE: Ok, maybe just a cheeky one - I can count a double zig-zag down from the high and we're expecting more upside from equities tomorrow, so that is supporting - if I'm right it should test the 61.8% fib (fell just short today). Placing stop just below the 50% fib.

EURUSD weekly