Archive for February, 2012

USD/CHF Update

Feb 28 2012

It appears that USD weakness is set to continue but as so many pairs approach significant levels of support/resistance it is a good idea to watch for bounces/trend line break out.  So having said that, look at the USD/CHF as it creates a double bottom on the 4H chart there…

Gold Update

Feb 26 2012

Gold is holding very strong but we saw in the COT (commitment of traders) last week that commercial investors were starting to put their money on gold going lower.  We saw a break up of 1760 mid week but then consolidation for the rest of the week.  Now it’s time…

GBP/USD Update

Feb 21 2012

The GBP/USD is sitting at a key support level, a break should start a small run and if momentum can keep up a longer term run should be in the works.  Likewise the upside momentum could be confirmed if the GBP can get above and hold above 1.5800.   Click…

EUR/USD update, short term/immediate levels

Feb 21 2012

Here is an update on what to look for with the EUR/USD over the next several hours through the current Asian and UK sessions.  See the graph below, click on the image to enlarge the photo.

Just a reminder of what’s going on in Europe

Feb 15 2012

I posted this little video tutorial several months back but it still seems to be VERY relevant.