Wednesday, February 8th, 2012

Watchlist for Sunday/Monday November 8/9, 2009

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Pair Daily 4h 1h
CADJPY Retesting the bottom of the triangle Consolidating around the 800sma, w/ a potential inverted head and shoulders. Retesting secondary lows at 83.50 area, and corrective action to the long side seems likely.
EURJPY Beautiful ascending triangle. Consolidating around the 800sma and it seems likely that it will tighten up between 135.15 and 132.80 Hourly looks choppy and uncertain. 
EURUSD Has retested old price pattern and consolidated 1.4815 is the level to watch, for me. Top of the range is 1.49
GBPCHF Larger tightening up area? Range seems to be 1.6930 to 1.6685 Tighter range has a bottom of 1.68
GBPJPY Tightening up still Looks like a wedge is spring loading for a long 150.50 – 148.80
GBPUSD Sitting on that all important level at 1.6570 Broke out of the triangle to the long side, and may retest first. 1.6623 – 1.6513
NZDUSD Retested the trendline and looks ready to climb again Ascending triangle forming Long above .7263, no plan for the short right now
USDCAD Forming an upside down head and shoulders? 1.0612 looks important Still hasn’t hit the 800sma Broke away from the 800 consolidation area abruptly and hit the 200% level.  Due for a pullback before going long again.
USDCHF Tightening up Bottom of the range held at 1.0145  
USDJPY Yuck Yuck 800 consolidation area

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