Tuesday, May 31, 2011

usdchf looking good for upside

we'll see what the UK markets do, but the following 5 min chart certainly is showing some potential with a higher low apparently printing at a VERY nice level of 61.8 percent

since posting the pair is seeing a bit of a retrace, however I definately am starting to get bullish on this pair

Thursday, May 19, 2011

SPIDaily

SPI is heading up to the marked high resistance zone as mentioned earlier today: 'twil be interesting to see if it breaks through or breaks...

eurusd beginning 5min 5wave uptrend?

EURUSD is hinting that it might be starting a 5 min 5 wave uptrend....  Hourly is not so pretty though, and a break of recent highs at (IGMArkets) 1.43 is needed to give confirmation...

USDJPY showing some signs of weakness as it nears top of hrly Channel

On the hourly, this "mid trend wave count" appears to be conforming IE showing weakness as price nears the top of the marked channel on the hourly.

"Mid trend" as there was no buy signal at the start of this wave count, IE no divergence on the MACD mavs that hinted at the rise

Note the stochastics on this timespan are showing divergence whilst up in Oversold region...



15 minutes is looking a little bit better for the MACD MAV v Wave count combo:

Wednesday, May 18, 2011

Ig Equivalent of SPI Daily Chart

for wazza APM1-9:50

UJ for 10

No real clean turn signals on the lower timespans on this pair for my "stuff" at the moment...

"intra trend" best fit is the following hourly, n would consider the channel to be the more usefule than the potential of MACD based wave hints.

Larger timespans do suggest a turn for the upside is in the cards, but this cureent fortnight or so of up action does resemble a bear channel/flag

if marked MACD mav based wave count correct then price is currently in a wave 5 up and expectations are that such a wave will be around the same length as that for marked waves 1 to 3, with possibility of 1.618 times waves 1 to 3 as marked with vertical line segments and thin horixontal red line