Tuesday November 8, 2005 EUR-USD 1.1803. It may meet resistance in 1.1803 - 1.1804 zone for a drift down to 1.1801 zone, after which bounce to 1.1818 is anticipated. USD-CHF 1.3058. While above 1.3026 a corrective rise could test 1.3084. Ideally it should not fall below 1.2993 zone. USD-JPY 117.67. It looks more likely that it would rise to 118.21 from 117.57 or 117.29. After which a downside move is expected. GBP-USD 1.7441. It may meet resistance in 1.7441 - 1.7450 zone for a drift down to 1.7414 zone, after which bounce to 1.7480 is anticipated. EUR-CHF 1.5415. Our preferred outlook is for a drift down to 1.5397 or below 1.5378. Resistances are at 1.5415 and 1.5428. A rise above 1.5447 would delay but not abort this expected fall. EUR-JPY 138.91. Current fall is near an end of wave around 137.98 - 138.49 zone, a rally should then procede to above 139.32 or 139.59. Fall below 137.83 would cancel this scenario. EUR-GBP 0.6768. Current rise seems to be over near 0.6772 or 0.6781 for a retracement towards 0.6762 - 0.6756 area. AUD-USD 0.7329. It should test higher than 0.7345. Entry point are at 0.7318 and 0.7310. A break of 0.7291 is bearish. USD-CAD 1.1872. While below 1.1916 it is more likely to fall further towards 1.1847 or 1.1825. Premature rise above 1.1916 could see it rising above 1.1960 zone.
Wednesday November 9, 2005 EUR-USD 1.1780. Market should hold major support at 1.1690 before rising towards 1.1819 or even 1.1857 limit. USD-CHF 1.3109. Preferred view is for a fall to below 1.3053 while 1.3109 - 1.3114 area resists. A clear break of 1.3170 would be bullish. USD-JPY 117.28. Market should pop up towards 117.80 or 118.32 this bullish scenario would be damaged if 116.86 - 116.77 zone is broken, a severe break down could then occur. GBP-USD 1.7445. It should stay in a range trading between 1.7366 and 1.7485 for a while. EUR-CHF 1.5443. It should be subject to more sell off towards 1.5419 or 1.5394. Corrective upward swings should face resistance around 1.5478 area. A break of 1.5462 is bullish. EUR-JPY 138.16. It may meet resistance in 138.16 - 138.30 zone for a drift down to 137.74 zone, after which bounce to 138.55 is anticipated. EUR-GBP 0.6752. We prefer to see an attempt to below 0.6741 or below 0.6730 in extension. A clear break of 0.6761 is bullish. AUD-USD 0.7346. It looks set for gains to above 0.7375. Supports at 0.7315 and 0.7330. A break of 0.7300 will damage this bullish structure. USD-CAD 1.1843. Preferred view is for a fall to below 1.1798 while 1.1843 - 1.1886 area resists. A clear break of 1.1931 would be bullish.
Thursday November 10, 2005 EUR-USD 1.1764. Market should hold major support at 1.1706 before rising towards 1.1797 or even 1.1830 limit. USD-CHF 1.3106. Preferred view is for a fall to below 1.3071 while 1.3106 - 1.3119 area resists. A clear break of 1.3154 would be bullish. USD-JPY 117.52. It may attempt a test higher to 117.63 after which weakness may set it to a drift down to below 117.01 limit. GBP-USD 1.7434. Market should hold major support at 1.7377 before rising towards 1.7475 or even 1.7516 limit. EUR-CHF 1.5419. It should trade lower to 1.5406 or 1.5373 in extension while 1.5447 - 1.5464 offer resistance. A break of 1.5480 will damage this bearish view EUR-JPY 138.38. Market should hold major support at 137.40 before rising towards 138.58 or even 138.90 limit. EUR-GBP 0.6748. We prefer to see an attempt to below 0.6737 or below 0.6727 in extension. A clear break of 0.6756 is bullish. AUD-USD 0.7366. A corrective/consolidation activity between 0.7329 and 0.7417 is likely for a while. USD-CAD 1.1869. It may attempt a test higher to 1.1851 after which weakness may set it to a drift down to below 1.1747 limit.
EUR/USD getting killed. The strong dollar definitely is getting more interesting everyday. I turned on the dollar today and got smacked. I'm holding long on EUR and see what happens for the next few days.
Friday November 11, 2005 EUR-USD 1.1686. Market should meet resistance at 1.1718. We expect then an extended move down to 1.1666 -1.1591 area. USD-CHF 1.3155. It should be subject to more sell off towards 1.3082 or 1.3010. Corrective upward swings should face resistance around 1.3258 area. A break of 1.3212 is bullish. USD-JPY 118.20. Currently uptrend should end around 118.59 - 118.49 area. A correction down to below 117.69 is expected. A rise above 118.77 will abort the expected correction. GBP-USD 1.7413. It looks more likely that it would rise to above 1.7464 or 1.7486 from 1.7406 or 1.7370. After which a downside move to below 1.7326 is expected. EUR-CHF 1.5374. It is likely to attempt to below 1.5329 while below 1.5374 - 1.5386 area. Rise above 1.5408 would dampen this bearish expectation. EUR-JPY 138.14. Decline should be supported around 137.89 - 137.63 zone for rally to above 139.01. A clear break of 137.63 will damage this expected rally. EUR-GBP 0.6711. Overall structure is bearish. Decelerating momentum could attract it towards supports at 0.6699 or 0.6694. Major support is clustered around 0.6671 limit. AUD-USD 0.7298. Market should meet resistance at 0.7323. We expect then an extended move down to 0.7295 -0.7224 area. USD-CAD 1.1913. It should trade higher to 1.1952 while 1.1878 or 1.1859 offers support. Stop loss below 1.1839 zone.
Monday November 14, 2005 EUR-USD 1.1727. It should test 1.1778 area after which a sell off down to 1.1688 or extended to 1.1649 area is expected. USD-CHF 1.3114. Decline should be supported around 1.3093 - 1.3073 zone for rally to above 1.3185. A clear break of 1.3073 will damage this expected rally. USD-JPY 117.88. Decline should be supported around 117.61 - 117.35 zone for rally to above 118.47. A clear break of 117.35 will damage this expected rally. GBP-USD 1.7419. It may attempt a test higher to 1.7428 after which weakness may set it to a drift down to below 1.7385 limit. EUR-CHF 1.5380. Is expected to fall lower than 1.5351. Entry sell point are at 1.5384 or 1.5391 . Stop loss above 1.5391. EUR-JPY 138.24. It should test 138.93 area after which a sell off down to 137.74 or extended to 137.24 area is expected. EUR-GBP 0.6733. It should test 0.6758 area after which a sell off down to 0.6714 or extended to 0.6696 area is expected. AUD-USD 0.7327. It should test 0.7351 area after which a sell off down to 0.7304 or extended to 0.7281 area is expected. USD-CAD 1.1898. Decline should be supported around 1.1874 - 1.185 zone for rally to above 1.1952. A clear break of 1.1850 will damage this expected rally.
Tuesday November 15, 2005 EUR-USD 1.1688. While below 1.1674 - 1.1707 it might drop to 1.1641 or below 1.1594 zone. USD-CHF 1.3180. Market looks set for gains towards 1.3241 or above in extension. Dips should find support at 1.3152 - 1.3122 zone. USD-JPY 118.80. Uptrend is still intact in a triangle configuration. It should continue to rally to 118.96 or 119.57 if support around 118.52 hold. After which a pullback to 118.52 - 118.33 zone is possible. GBP-USD 1.7370. While below 1.7357 - 1.7403 it might drop to 1.7310 or below 1.7250 zone. EUR-CHF 1.5408. Current rise seems to be over near 1.5409 or 1.5420 for a retracement towards 1.5397 - 1.5391 area. EUR-JPY 138.87. While below 139.39 it is more likely to fall further towards 138.58 or 138.31. Premature rise above 139.39 could see it rising above 139.92 zone. EUR-GBP 0.6728. Decline should be supported around 0.6716 - 0.6704 zone for rally to above 0.6758. A clear break of 0.6704 will damage this expected rally. AUD-USD 0.7271. There is bearish potential for a fall to 0.7241 or 0.7210 while 0.7308 - 0.7323 resist. After this fall a recovery up to 0.7308 or 0.7323 is expected. USD-CAD 1.1929. A correction down to 1.1883 or lower is now expected from 1.1950 or 1.1972. A break above 1.2016 is needed to turn bullish.
Wednesday November 16, 2005 EUR-USD 1.1718. It may attempt a test higher to 1.1724 after which weakness may set it to a drift down to below 1.1662 limit. USD-CHF 1.3167. There are initial signs of a good corrective recovery towards 1.3205 or even 1.3221. Supports at 1.3162 and 1.3135 zone. USD-JPY 118.91. Should test support at 118.60 while below 118.91. If support at 118.60 holds it can rise up to119.32, if not it should fall to below 118.29 zone. GBP-USD 1.7353. Market should hold major support at 1.7295 before rising towards 1.7399 or even 1.7445 limit. EUR-CHF 1.5431. Current rise should end around 1.5426 or 1.5452. Objectives of this downmove are 1.5405 or 1.5379. A rise above 1.5473 is again bullish. EUR-JPY 139.37. Currently uptrend should end around 139.91 - 139.56 area. A correction down to below 138.99 is expected. A rise above 139.76 will abort the expected correction. EUR-GBP 0.6753. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6762 or 0.6783 if support around 0.6746 hold. After which a pullback to 0.6746 - 0.6739 zone is possible. AUD-USD 0.7332. It should trade lower to 0.7288. Resistances are at 0.7335 and 0.7357. A break of 0.7391 is bullish. USD-CAD 1.1927. Preferred view is for a fall to below 1.1903 while 1.1927 - 1.1940 area resists. A clear break of 1.1964 would be bullish.
Thursday November 17, 2005 EUR-USD 1.1669. It should register gains to 1.1703. Corrective decline should be supported in 1.1658 - 1.1631 area. Stop Loss below 1.1593 zone. USD-CHF 1.3256. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3293 or 1.3363 if support around 1.3232 hold. After which a pullback to 1.3232 - 1.3205 zone is possible. USD-JPY 119.18. Preferred view is for a fall to below 118.81 while 119.18 - 119.18 area resists. A clear break of 119.56 would be bullish. GBP-USD 1.7165. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.7082 or 1.7077. Major support is clustered around 1.6986 limit. EUR-CHF 1.5468. Current rise should end around 1.5459 or 1.5488. Objectives of this downmove are 1.5438 or 1.5409. A rise above 1.5509 is again bullish. EUR-JPY 139.07. While below 139.27 or 139.45 it could fall towards below 138.71 or 138.34. After which a corrective/consolidation activity is expected. EUR-GBP 0.6798. Current upmove should be ended around 0.6822 - 0.6847. Any correction consolidation should find support in 0.6787 - 0.6775 zone. AUD-USD 0.7305. While below 0.7292 - 0.7307 it might drop to 0.7277 or below 0.7250 zone. USD-CAD 1.1938. A correction down to 1.1901 or lower is now expected from 1.1936 or 1.1955. A break above 1.2009 is needed to turn bullish.
Friday November 18, 2005 EUR-USD 1.1749. Market looks set for gains towards 1.1794 or above in extension. Dips should find support at 1.1718 - 1.1696 zone. USD-CHF 1.3173. While above 1.3164 - 1.3124 zone a corrective dip could test 1.3204 or 1.3229 or 1.3253. After which it should resume his downtrend. USD-JPY 118.82. It is likely to fall towards 118.43 as its corrective rally could falter in 119.05 - 118.86 area. Stop above 119.24 zone. GBP-USD 1.7192. Is expected to fall lower than 1.7116. Entry sell point are at 1.7209 or 1.7228 . Stop loss above 1.7228. EUR-CHF 1.5478. Current rise should end around 1.5472 or 1.5489. Objectives of this downmove are 1.5460 or 1.5443. A rise above 1.5501 is again bullish. EUR-JPY 139.62. It should be subject to more sell off towards 138.86 or 138.10. Corrective upward swings should face resistance around 140.67 area. A break of 140.23 is bullish. EUR-GBP 0.6834. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6865 or 0.6875 if support around 0.6818 hold. After which a pullback to 0.6818 - 0.6808 zone is possible. AUD-USD 0.7337. It should trade higher to 0.7362 while 0.7328 or 0.7316 offers support. Stop loss below 0.7303 zone. USD-CAD 1.1874. It should see a sell off to below 1.1837 while 1.1890 area curtails its upside. A break beyond 1.1928 will abort the downside.