Sunday, October 11, 2009

Preview 2nd week of October

Since the dollar hit a new low last week, I am looking for a test of this, a double bottom, could be right at the beginning of next week that we see some dollar weakness and then at the double bottom of the dollar index again dollar strength.

  • AUDJPY might continue its uptrend or make a correction since its already in a decision point area
  • GBPUSD short is also very interessting because of lots of short covering will happen once we break below Fridays low
  • USDCAD, EURCAD long also seams logical because we broke on the daily chart in decision point areas, so also looking for countertrend long signals there.
  • USDJPY long already started an upmove so pullbacks to decision point areas will give good long entry opportunities.

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