We are all inclined to judge ourselves by our ideals; others, by their acts. ~ Harold Nicolson
Good morning. Euro pulled back after last week’s EU Summit rally, so the question now is whether current decline is corrective.
EURUSD
Market sentiment: intraday – bullish, short-term – slightly bearish
EURUSD 4hrs 7-3-2012
hourly:
EURUSD hourly 7-3-2012
USDCHF
Same picture as above, but reversed. So bears should be happy while USD holds below .9550 and .9590
Market sentiment: intraday – bearish, short-term – neutral
USDCHF 4hrs 7-3-2012
GBPUSD
Not much to do yet as cable is still in consolidation mode above recent barrier. More upside action is likely, as cable is one of the main followers of risk pairs (see below), which are bullish these days
Market sentiment: intraday – bullish, short-term – bullish
GBPUSD 4hrs 7-3-2012
AUDJPY
Current breakout above 81.30 seems valid and recovery is likely to continue, next resistance being at 82.80/00
Market sentiment: intraday – bullish, short-term – bullish
AUDJPY 4hrs 7-3-2012
NZDUSD
Resistance at .8060 looks fragile, so buying on a potential breakout is a plan to consider
Market sentiment: intraday – bullish, short-term – bullish
NZDUSD 4hrs 7-3-2012
AUDUSD
Aussie trades comfortably above 1.0200/20 which was a weak resistance. Next upside barrier is at 1.0440
Market sentiment: intraday – bullish, short-term – bullish
AUDUSD daily 7-3-2012
have a great day!
