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[popoola]

The usdcad is banging against support @1.2326. If the stock market were to be strong a short on a break of the said support could yield some good pips on a short term basis

[popoola]

Some us$ strength is coming into the market. I missed my stop in by 5 pips on the sell on the canada. We retested that low @26 and bounced hard off it. The Dow futures are still up. FTSE is still up. So in real sense we should see the euro continue to rise. This is the inherent unpredictability/ non cormforming situation that sometimes happens

[popoola]

in and out before I knew it +50pips

[popoola]

We are seeing stock weakness again. Cad should retrace the huge fall and the euro and the pound will be on the defensive

[popoola]

sell the pound? It depends on the stock market

chart of the pound with pivots on it and stochastics. According to the pivot traders its behavoiour around the next upper pivot will tell a lot. Ternd is down. Stoch overbought and turning. Doji fotming on the 15minute chart. Stockmarket down. All pointing to a movre lower. Will it? A small sell might be in order.... Risky though

[popoola]

the pound is struggling at the 4640 level. This corresponds to the daily R1 pivot area. The stock market will dictate what will happen. Stock market is stuck in this area as well

[popoola]

out with 12 pip profit.

[popoola]

Is the euro going to plow past 3086? We just might as the stock market is recovering. I am now waiting for the possible big sell from 3180 area

[popoola]

Strength is coming into the stock markets. This means risk taking is returning. Leading to us$ weakness. Intraday, and if stock market strength continues looking to sell us$ is the way forward. The us$ is ovebought.

[popoola]

time to nibble us$ long. We have had good counter trend rallies. Is it time for big falls. Us$ od over sold on nearly all fronts. If the stock market doesnt push higher we will see euro and GB fall

Particularly the usdchf. This might turn out to be a very good long. Remember the SNB are also defending the weakness of this currency...

[popoola]

The usdchf is at crossroads as we speak. it is bearish technically but we have a threat of intervention. if 1300 gives way then we would be going much lower.

the 4hr chart shows the stoch turning downwards. Stock market has been strongish (us$ bearish)

[popoola]

I think we are now in an era (at least for a little while) of us$ weakness. The stock market is key here because if we breakout to the upside us$ weakness will be seen as higher yeilds are sought by investors

the aussie is above its 200ma. a line that has resisted all upwards surges previously

The path of least resistance is us$ weakness at the moment. Watch for fundamentals like the swine flu etc. If this escalates then a rush into the us$ will increase