CatFx50 - page 251

 

Analysis needed

Anyone care to analyse this chart.

Files:
usdjpy.jpg  111 kb
 

Hi Nina,

Eur/Usd, possible reversal at previous Head/Shoulders pattern - 1.2082/20100? This is also at around the 6/8 MM level.

 

I might be wrong but it seems we may have a cup and handle forming on GBPUSD. ie consolidation ready for a move upwards. No signal on catfx yet.

 
Dave1:
Hi Nina, Eur/Usd, possible reversal at previous Head/Shoulders pattern - 1.2082/20100? This is also at around the 6/8 MM level.

Hi!!

Market is rather crazy like now. Take care.

USDCHF must lose and hold below 1.3059 if we want EURUSD up and maybe GBPUSD too.

Nina

 

Hi!!

Ok, now we have USDCHF (10:43cet) below 1.3059. It should keep below here in order to see EURUSD up.

EURUSD is stronger than GBPUSD now. Look at EURGBP.

Nina

 

Hi!

Signals so far:

GBPUSD, level 2 buy (11:00cet) at 1.7381. Made a high so far at 1.7396.

+15 pips.

It has EMA120 at 1.7402.

If USDCHF losses 1.3028 now, we'll have a nice profit or we should.

Cable is still weaker than eurusd so far. Take care. Break of 1.3028 on swissy is mandatory now.

EURUSD must break 1.2084 - 1.2097 and 1.2120.

Nina

 

Looking at eur/gbp at the moment we have a consolidation and double top at .6945 a possible reversal in the making at 4/8p R1. Would be nice with catfx confirmation.

 

nice level 2 in cable +34 for a high so far

 

Those who had the chance to got

- long in cable because of catfx level 2 long signal 11:00cet or

- short in Swissy because of level 2 short 11:30cet

should have put their stopps at minimum to b/e.

Be aware of the news at 15:30cet:

- gdp 4. quarter 2005 estimated +1,7%

- unemployment claims estimated 305k

mibl

 

just made a quick 24 on cable breaking high of 7420 and took it to r 1 7448