Problems are only opportunities with thorns on them. ~ Hugh Miller
Good morning. I’ve just returned from a 1-week trip in Montenegro, so that’s why I didn’t update the site since 8th of June. But now I’m back on track.
USD Index
Support around 82 has been breached and next one to keep an eye on is around 81, formed by a top of March and May’s short-lived correction. Ongoing risk rally should favour further downside for the dollar, so a test of 81 is in the cards
USD Index Daily 6-18-2012
S&P500
Recovery continues and 1340 barrier is being breached. Next important resistance is seen at 1400, but there’s also 1360 on the way upwards
SPX Chart Daily 6-18-2012
EURUSD
Euro rallied after yesterday’s elections in Greece, as official projections suggest that the pro-bailout parties won enough seats to control Greece’s parliament. It definitely looks bullish from a technical perspective, and a potential test of support in the 1.2620-1.2650 region would provide some short-term and intraday buying opportunities. I am bullish on EURUSD for now, while it holds above 1.26
EURUSD Chart 4hrs 6-18-2012
USDCAD
Horizontal support around 1.0200is under heavy pressure for the 4th time since the breakout in May. I’d say that more downside is likely
USDCAD Chart 4hrs 6-18-2012
NZDUSD
Risk sensitive pairs such as NZDUSD are rallying nicely following stocks lately, so it’s reasonable to expect a test of .8100 later, since there’s no barrier in between
NZDUSD Chart Daily 6-18-2012
USDCHF
After two failed (extended) recovery attempts following the test of support at .9500, the dollar is down below that level and it seems that rallies are going to face some more selling power
USDCHF Chart Daily 6-18-2012
EURJPY
Buying on this break of 100 resistance is worth a shot
EURJPY Chart 4hrs 6-18-2012
have a great day
Looks like a H&S on the USDCAD
great charts… thanx a lot for details…. USDCAD chart is informative