Watchlist for Sunday, January 17, 2009
| Pair | Daily | 4h | 1h |
| CADJPY | Looks like the retracement may be over and entry into a long soon might be in order | Hmm…here it looks more like a possible H/S. | Close below 88 is a trigger for me on the H/S at least to 86.65, a bounce off of that level is a long position. |
| EURJPY | Tightening up right in the middle of the range again. | It did break away from the 800 consolidation area…but stalled. | Barely paused at the 800sma…could be spring loading for a bounce. |
| EURUSD | Almost came back to the 800sma and then faked out long…not sure if it will continue back to the 800 or bounce off the midpoint | Consolidated briefly around the 800 here and broke south. Tight range, tight movement. | Couldn’t hit the 800 sma and has already hit the 200% level after breakout. |
| GBPCHF | Bounced off of secondary support quite cleanly and made a solid run. | Lots of bullish action…may be needing a retracement. | Should get an actionable consolidation area around the 800sma to make a decision off of. |
| GBPJPY | Triangulating inside the consolidation area. | 800sma consolidation is tightening up. | Bouncing off of secondary support level? This could be revving up for a powerful move to the long side. |
| GBPUSD | Double bottom has been triggered and is nowhere near PT. | Just tagged the 800sma and may need a little time there to gear up for the next move. | Same is true on the 1h only this has come back from the long side to tag it again. That creates a bias, for me, to the long side again. |
| NZDUSD | Never did hit the 800sma, was this a big pullback and its ready to dive again? | Nudge long couldn’t hold and it consolidated again, I’m watching for further short side moves | .7385 – .7365 |
| USDCAD | Double bottom? | Short side made smaller and smaller swings…time for a long? | Being wary of this last upward swing as being another pull back for one more nose dive I’m not looking to along until I see some short side movement and then a close back above 1.03 |
| USDCHF | Pullback finally seems done | Retested the bottom of the previous consolidation area. Close back inside is a long, bounce away is a short. | 1.0285 – 1.0245 |
| USDJPY | H/S nearly played out…more room to go before hitting the PT | 800 consolidation w/ a double bottom at the end of this last down swing | Early entry on the double bottom would be above 91.20 to the neckline. |
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In case there was any question about Martin Luther King Jr. day affecting Monday’s webinar, I will be there, hope you will too!
Be good to you!
Triffany

Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at
Thanks, Triff, for the early post….. Very helpful for those on the other side of the world.
Oh good! I’ll try to be better about getting those out sooner. Thanks for the feedback!