Wednesday, February 8th, 2012

Watchlist for Sunday/Monday, March 21/22 2010

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CADJPY Big rejection to the long side could be telling Except for the wick that’s nice tightening up.  89.50 – 88.70
EURJPY Making an upside down H/S? Double Top triggered and retested, 121.60 is the PT. 800sma consolidation broke out and retested.  121.90 is the PT
EURUSD Near the bottom of its range Downward move doesn’t feel impulsive, but it may be time for pull back anyway. Already 3 times extended from the 800sma consolidation and the semi-double top has hit PT as well.  1.3545 – 1.3515
GBPCHF Friday’s move feels impulsive. Trying to double bottom or at least tighten up. Ew.
GBPJPY Picture perfect retracement to the TL Pretty definitive bounce off of that TL.  I’d expect it to tighten a tad before moving again Retrace to 137 seems likely before dumping again.
GBPUSD Couldn’t wait to get back to the area of indecision. Pretty definitive bounce off of that TL.  I’d expect it to tighten a tad before moving again Retrace to 1.5130 seems likely before picking a direction.
NZDUSD Will it stretch for the TL or consolidate? Sitting on the 4h TL, bounce would be long, break would be short.  USD should have some recovery this week. .7085 – .7065
USDCAD Time for some correction on this one Upside down H/S would be a good signal…the long shadow is significant for possible reversal. 1.0180 – 1.0135
USDCHF This almost looks primed to climb again…to…???  1.1 at least Upside down H/S? 1.064 – 1.0563
USDJPY LOTS of indecision at this price. 800sma 800sma

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