Watchlist Webinar for Sunday, February 19, 2010
| Pair | Daily | 4h | 1h |
| CADJPY | Bull after bull after bull. Finally headed back to the 800sma? But it looks like a pull back is imminent. | 84.10 and 86 un retested, Really steep TL, with MACD tapering off. | 800 sma consolidation hit the first 100% extension level. Close below 87.85 might be a good entry point for the retracement. |
| EURJPY | Closed above the TL and slightly above the horizontal s/r line as well, but it feels like end of week profit taking and not a trigger. | More likely to take the little double top during this pull back than I am to get excited about the long. | Double top could reach to the extremes of the last area of indecision at 121.50 ish. I wouldn’t mind taking a close below 124.50 to 12.65 and then a close below the neckline as a separate trade. |
| EURUSD | The technicals are actually looking bullish here, but I don’t buy it. | Looks more like end of week profit taking on this timeframe. | Large area of indecision 1.3635 – 1.3443. Close below 1.3585 would be a good short entry, though. |
| GBPCHF | Starting to triangulate again? | Hit secondary low without end of day reversal. Could mean the reversal is next, to the long side. Watching for a bounce. | 1.6890, 1.68, 1.6685 all un retested (what a weird phrasing). |
| GBPJPY | Looks like it’s trying to bounce off of the downward TL. | Looks like it will either triangulate between 143.90 & 141.40 or trigger the short w/ a close below 141.40 | Losing momentum in the highs. |
| GBPUSD | Making a bid for the 1.5260 mark? | Slight pullback, but looks like eow profit taking | 1.5560 not retested, may make a quick spike up before triggering another selloff. |
| NZDUSD | Wrapping around the 800sma. | I think this could continue selling…it seems to pause between .6990 & .6920ish | I’m looking for a bounce off of .6990 |
| USDCAD | SO range-bound still. | Hasn’t hit either of the 200% extension levels (800sma or retest consolidations) as a PT. | Wider swings may indicate a building of momentum. Bias to the CAD side right now. |
| USDCHF | Nice, steady push/pull up to the 800sma | Friday profit taking has made the support retest . I’d prefer a bounce to the long side. | 1.0815 not retested. |
| USDJPY | Left its downward channel without retesting. | 90.45, maybe even 89.80 could get touched on the correction. | If this has chosen the upside a bounce off of 91.30 could mean a long position is in order. |
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Have a great weekend and I’ll see you on Monday at 8am EST.
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 
