Thursday, June 26, 2008

June 27 eur usd hitting upper trend line

We are approaching the uppper trend line with a good chance of pushing through.
in after ours the top has been tested twice and we are seeing the wind up for the break through. I think we can see a new high on the euro coming on.
We shall see.

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Sunday, June 22, 2008

GBP JPY ready for a big move


This weeks news cans send this one on a roller coaster. Will post some entries later this week.

News will be the driver of this roller coaster


Looks like we have some pretty skewed news here with numbers coming out almost everyday this week.

The upper trend line looks like an easy target. Watch out for the fed making announcements on raising the inter bank rate, looks like an easy target in this inflation rich time period.

Thursday, June 19, 2008

Euro Dollar may break to resistance and new highs



Lets see what happens as we come closer to the fed's raising intrest rates, can we save the dollar and lower these oil prices? I expect to see it go back to the 1.58 area and then consolidate before falling.

Watch out for this next week, could see a spike up on housing and fed.

We shall see.

Tuesday, June 17, 2008

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Japan Yen USD daily approaching Resistance


We are coming into some resistance, can expect a loss of momentum coming into this. Watch for a pullback and consolidation into the next area of resistance around 110.

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