Weekly Forex Commentary Using STOPD

Ninja failed to hold its support points to complex pullback on weekly.

With take several weeks to resolve.

 

USD/CAD reached 1.20 level with limited upside.

Weekly charts and comments as usual posted in my site.

 

Ninja weekly pullback still intact.

 

The magic support for ninja continues to hold it up ... can it last?

 

Ninja magic support not only outlasted the bears, it also crushed them.

Cable could be in the early process of decoupling from Euro. This will change its long term correlation with Euro forever (until Euro disappear on Earth, of course). =)

 

Wait and see week with Europe focus on Monday and then Fed Minute mid week.

 

Major transitional week for Euro, Cable and Ninja.

Significant trend should emerge from coming 2 weeks that will last for 2 to 3 months.

 

Ninja potential upside breakout on monthly.

 

ninja breakout in place, so is cable breakdown.

their trend can last a month or two.

 

Euro at its "singularity event" on daily basis. It will be critical for euro to reversal within coming 2 days or it will enter its "crash phase".