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.

Tuesday 25 June 2013

Currency Strengths Analysis 7.00am

USD (20) GBP (17) JPY (13) AUD (10) EUR (8) CHF (7) CAD (5). Strongest to weakest pairings are therefore: BUY USDCAD, USDCHF, GBPCHF, GBPCAD. However, most importantly buy at the right place and in my terminolgy that is the confluence of the half trend line, lower 60minute bollinger band, a daily pivot line with momentum cluster nesting and finally in a due cyclic phasing low. For the moment 3 are overbought for my liking but interestingly GBPCHF has come up on a relative strength basis whilst actually being in a sell mode regarding the trend line stack: that is, it is currently in sell mode. But looking at the shorter term charts and it may be picking up that a retracement may be coming to an end. I'll still wait on this but worth keeping an eye on.
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