Sunday 12.18.2005.
Due to a technical updates being done by our website hosting company we are unable to publish our weekly comments section this week.
We apologize for any inconvenience this might cause. We expect the situation to normalize next week.
|
Sunday 12.25.2005.
Merry Christmas! We hope everybody had great holiday and is ready to go back to business of trading. And if not ready just yet, no big deal, take some more time of. The markets will still be here in a few days!
On a more serious note we'd like to once again apologize for our absence last week.
There seems to be some restrictions on resolution of our website. This will result in smaller snapshots of charts. We hope to have that resolved soon. In the mean time please bear with us.
This coming week we'll look at USD-CAD. We have a standing BUY order at 1.1760 and target 1.2000. We are using daily data so we have to give this trade some time to work. |
We are also looking at USD-JPY. Here we a standing BUY order 117.75 with target being 119-119.5 area. We believe that if the BUY is triggered this trade should come to a conclusion in 2-3 days. |
Another cross worth taking action right now is, in our view, GBP-JPY. Here we will be BUYING at the market once market opens. We believe it's a safe level to start accumulating this particular cross with a target of 210 or so in 1-2 months. |
And finally we'd like to draw your attention to EUR-CAD. In our humble opinion EUR is getting ready for a strong move against all currencies with EUR-CAD being especially vulnerable. We DO NOT take any action at this time but will pay attention to 1.4100 level. If that goes we think 500 hundred pip run in short order is very realistic. |
|
