Euro & GBP

We are bouncing on the Euro & Cable but it will probably only be short lived before we continue the down trend. Remember, sell the rallies! Look for the right time for shorting based on fib, pivots & resistance.

Good luck.

Chart courtesy of Metastock. Data provided by eSignal.

Those using the above package can see a tight stop can be put in place.

Next update in the morning.

Fibonacci Time

Chart courtesy of Dynamic Traders. Data provided by eSignal.

Daily Euro chart shows we have hit a fib cluster and 886 fib price.

Euro 60 Minutes

Chart courtesy of Dynamic Traders DT5. Data provided by eSignal.

Euro 60 minute chart above shows the 34 60 DTOsc and possible wave counts as well as time.

Euro & Yen

The Euro 8 Daily has now produced a bullish crossover as has the 34 60.

The Yen has also produced an 8 Daily crossover but for a bearish trade and the 34 60 has also crossed.

Remember we have trade balance due out today and President Trichet is due to speak a little while after that.

Euro Daily

Chart courtesy of Dynamic Traders. Data provided by eSignal.

The Daily 8 DTOsc is showing signs of oversold. Fibonacci supports are shown below the price action.

Yen Daily

Chart courtesy of Dynamic Traders DT5. Forex data provided by eSignal.

The Yen daily chart above is showing fibonacci extension with 8 DTOsc.

Yen 60 Minute

Chart courtesy of Dynamic Traders DT5. Forex data provided by eSignal.

The Yen 60 minute chart shows a fib extension.

Yen Update

Chart courtesy of Dynamic Traders DT5. Forex data provided by eSignal.

The Yen continues to go north. We have a MACD divergence over some time on Daily Yen chart and possible reversal is shown above on 60 minute chart. I am still awaiting a turn in direction for shorting.

Euro Daily Chart

Chart courtesy of Dynamic Traders. Forex data provided by eSignal.


The above chart is showing the Daily fib time and bar representation as well as the DTOsc.

Euro 60 Minute

Chart courtesy of Dynamic Traders DT5. Forex data provided by eSignal.

Once again, I am sorry but I have been having issues with uploading to my blog. I will attempt to get this resolved shortly.

The Euro chart above is the 60 minute representation and a short below the recent swing low support may be an entry for short with a tight stop above the swing high.

Yen Update

Charts courtesy of Dynamic Traders DT5. Data provided by eSignal.

The above weekly and daily Yen charts show a possible reversal is imminent based of fib and daily DTOsc. I would wait for the reversal before taking up any shorts.

Sorry for the delay in today's update.

Next update will be tomorrow morning.