Tuesday, May 18, 2010

EURUSD Market Thought 19052010

Another mini crash today. Last sessions EURUSD had/have problem to stay above EMA55 hourly chart.If this is a false breakout last low ( I don`t believe, just open a door) this pair have to hold above 1.2126.
Short-term range [1.2102,1.2126] is the last level to follow short-term.
Below 1.2102 next level 1.1750 i don`t see nothing more, and can be very fast.
Resistances; range [1.2247,1.2283] and 1.2334
Suport: 1,2151 and range [1.2102,1.2126
Bullish divergence last two lows chart 60 minutes, but for now I have to follow the trend.


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USDCAD Market Thought 19052010

USDCAD 0.9940 zone is a suport medium/long term. Last weeks hold that area suggests that a temporary bottom is formed.
Trend bullish daily chart above 1.0250 for now.
Short-term above 1.0340 expect 1.0494possible extension to 1.0555 next hours of trading.


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SPX Daily Market Thought 19052010

Last update reference short-term 1156 change that number to 1140.
First suport area nothing new range [1110,1102].
Bears need to break EMA200(1202) to test next level.
Remember Key number Weekly chart 1101 and Montly chart this month 1093.
Stay alert with this two numbers breakout both can have more damage = [1000,1015]
Below 1140 trend bearish target short-term [1093,1102]
Click to zoom in. Good luck folks.


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DAX Daily Market Thought 19052010

I have to change picture for now last update " temporary top is formed below 6276" (add more info) if close below 6014;
If you are agressive trader and have longs positions put stop >>> if close hourly below today lows 6113.
I change picture short-term because hold important suport around 6000 and that is can be very important for short-term.
If close daily chart below friday lows(6014) expect more damage target short term 5900 possible extension to 5750. Click to zoom in. Good luck folks.
News of last hours:
BERLIN, May 18 (Reuters) - German Finance Minister Wolfgang Schaeuble plans to ban short-selling from midnight, coalition sources told Reuters on Tuesday.
(Reporting by Andreas Rinke; writing by Erik Kirschbaum) Keywords: GERMANY SCHAEUBLE/SHORTSELLING



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Sunday, May 16, 2010

The Beginning Of US Currency Crisis

Very good stuff.Have a nice week of trading folks. New update soon.


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