Disclaimer

Disclaimer: This blog should be read as a 'whiteboard' of my daily thoughts and ramblings and specifically not, in any way, advice to trade. My interpretation of the works of Gann, Goodman, Fibonacci, Elliott, Hurst et al; is entirely my own and should be read as such. Any opinions, news, research, analyses, prices, or other information contained in this report are provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Saturday 23 March 2013

USDCHF: Weekend Chart

Another reason why I think we will see GBPUSD & EURUSD weaken early Monday (if only in deep retracements) is clearly illustrated in this USDCHF chart. Monthly Cloud is still bullish and clean as a whistle and although thinning as it is pushed back, the momentum cluster suggest more upside to come. Combined with the other stretched pairs, this should be a tad more than another retracement cycle, but regardless, no place to short first thing, without that cluster resetting, for me.
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