Forex/Futures End of Week Update 07/27

greenback · 发表于 2012-7-27 01:46 PM

Let's reassess the strengths before EOD to see if we need to adjust any positions.

Today's market breath is strong. See the daily chart below.

greenback · 发表于 2012-7-27 02:01 PM

ES touched upper bound of the channel. NQ is not there yet ...

greenback · 发表于 2012-7-27 02:02 PM

Okay, bonds are confirming this rally of risky assets ...

greenback · 发表于 2012-7-27 02:04 PM

GOLD is also confirming with the rest, but CRUDE is hesitating ...

greenback · 发表于 2012-7-27 02:11 PM

本帖最后由 greenback 于 2012-7-27 05:49 PM 编辑

AUD has reached the pre-crash level. Expect a consolidation here at least.

EURO is saying "wait a minute; Which side of the pond will be printing more?"

GBP is confirming with EURO. Of course it's stronger.

JPY traders are finally catching up.

greenback · 发表于 2012-7-27 02:14 PM

本帖最后由 greenback 于 2012-7-27 05:49 PM 编辑

In summary, today's follow-through have decisively confirmed yesterday's breakout. The breadth is great. However, I will take 25% chip off the table by EOD given the not-so-sure feeling in the currency market. Note too, the ES chart still remains as a three-pushup pattern.

Of course, there might be a breakout on 08/01 when FED really decides to print more money. I will set a breakout buy waiting on Wed.

greenback · 发表于 2012-7-27 02:30 PM

Enjoy your profit!

MFTHT · 发表于 2012-7-27 04:19 PM

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Forex/Futures End of Week Update 07/27

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