Watchlist for Sunday/Monday, June 20/21, 2010
If you’re in the States and celebrate it….Happy Father’s Day!! 
| Pair | Daily | 4h | 1h |
| CADJPY | Stuck – but is actually a nice nested box trade. | 800sma | 800sma |
| EURJPY | Showing a lot of hesitancy around the top of that smaller desc. channel | Rangebound | Large Range: 113 – 111.60
Small Range: 112.60 – 112 |
| EURUSD | Strong run looks tired | Break or a bounce | 800sma range: 1.24 – 1.2350 |
| GBPCHF | Very large range | 800sma | No retest at 1.66…looks like breakout has retested at 1.6430 and further shorts are imminent |
| GBPJPY | Long fizzled out at old weekly levels. | Nesting ranges look to still be in progress. | Large Range: 136 – 134
Small Range: 135 – 134 |
| GBPUSD | Looks kind of stuck and a little overbought. | Stark rejection at the 1.4860 level | 1.4850 – 1.4770 |
| NZDUSD | Almost at the top of its desc. channel | 800sma | Long wicks show a hesitancy for further longs right now. |
| USDCAD | Looks like it is headed back to parity | Breakout or fakeout? | Maybe wait for corrective action to bounce off of 1.0250 then short. |
| USDCHF | Headed back to the 800sma? | Didn’t retest 1.1230 | Even without retest, looks ready for further shorting. |
| USDJPY | Closed like it is ready to go short within its desc. channel but on Friday volume. | May retouch 91.30 before heading South again. | Large Range: 91 – 90.50
Small Range: 91 – 90.65 |
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Have a great weekend and I’ll see you on Monday @ 8am EDT.
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 
Happy Summer/Winter Solstice everyone!
Some nice momentum/gaps on markets and currencies today huh, with the big yuan news and corresponding return in risk appetite… crunnnchy.
How long will it last…?
Aby, the secret is out it seems. A few sites reporting on the ECRI index eg. http://seekingalpha.com/article/209880-is-ecri-growth-rate-index-signaling-a-double-dip.
Incidentally, I was in/on(?) a Harry Dent webinar earlier in the month with a similar economic outlook, focusing on Demographics, Debt and Deflation.
It’s nice to be aware of these things I guess, but I wonder sometimes how much info is too much… (some of it is waaay over my head). Bottomline, it comes down to how we choose to let it influence our trading/investing decisions if at all. I try (don’t like that word!) not to put too much confidence in these things but it it’s always in the back of my mind…. which directly relates to Triffany’s Biases article!