Watchlist for Sunday/Monday, July 11/12, 2010
Here’s the watchlist for this next week.
| Pair | Daily | 4h | 1h |
| CADJPY | Creating a very large descending triangle? | Retracement level at 85.40 hit and expected to consolidate there. | Pullback to 84.50 seems likely. |
| EURJPY | Headed toward 117ish? | 110.85 un retested | Large range: 112.60 – 111.40
Small range: 112 – 111.60 |
| EURUSD | Inverted H/S played out. Likely to consolidate | Possible pullback to 1.2430 to create large range | |
| GBPCHF | Back to the bottom of the large consolidation area. | Double bottom? | |
| GBPJPY | Still within the smaller range of the larger consolidation area | 134.60 – 133.20 | Smaller range may end up being 133.60 – 133.20 |
| GBPUSD | Finally bounced down off of the top of the channel. | Trade triggered on Friday volume. Maybe a retest of 1.51 will trigger a short trade. | Retest could come all the way to 1.5150…that would be nice. |
| NZDUSD | Still wrapping around the 800sma | Lots of rejection going on at .71 | .71 – .7065 |
| USDCAD | Has retested the old descending channel it left as well as the retracement levels. | 1.0525 and 1.0375 unretested | Broke away from the 800sma but seems likely to retrace to 1.04 (at least) |
| USDCHF | Seems likely to goof around between 1.08 and 105 for awhile. | Dumped through the 800sma without consolidating. Likely to return | Double bottom triggered and has now retested. Close above 1.0580 could signal a nice long trade. |
| USDJPY | Trying to weaken after flirting with Oct. ’09 lows. | Double bottom? Maybe a retest of the neckline first. | 87.50 un retested. Current range: 88.70 – 88.31 |
Or you can download it here.
Let me know what you’re watching/trading. I’d be interested to know if you’re seeing anything interesting in these consolidating conditions.
Have a fantastic weekend and I’ll see you Monday at the WLW at 8am EDT.
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 
