Weekly Forex Commentary Using STOPD

Half week flip. Hate to say that I told you so. =)

This week will be more directional.

Breakout mode off Monday range for the majors.

 

Aussie in compression. Could be signal of a big move in gold coming.

 

Gold reaction to resistance above will tell us if Aussie can break its weaknesses spell.

 

Option expiration week for the stock market.

All majors will be affected.

 

Euro weekly level decision time this week.

 

The resistance is now confirmed on weekly. It is likely euro will print new low for the year in December.

 

Ninja entering its long term resistance zone finally. Expect strong reactions around 122.

 

Ninja toasted, isn't that easy?

Back to focus on Euro and Cable.

 

Euro did what it's getting very good at - DROP!

Holiday trading means tight range and erratic price movements. Time to enjoy the year end.

Happy Holidays!

 

Euro closed at the low of the year as expected. Sometimes it can be quite simple.

Ninja may be able to pull off a double top on daily. Worth monitoring for.