Merry Christmas!

Good Day Dynamic Traders,

Hope you are all having a great week and have the Christmas arrangements all under control. The markets have been making some large moves this week.

The GBPCHF has been back up to retest the previous resistance/value index and come back down and produced some nice profits. A keen eye will be kept on this chart for further scaling in if price breaks the previous low and continues south with the trend.

Gold has been retracing and it has not quite hit the breather level yet which it may do before it resumes the trend. I am going to wait for further evidence of a possible bounce up before entering long.

I mentioned the ZAR a while back and a possible head and shoulders. Price has failed to break through what would have been the neckline and therefore the H & S is invalid. Price is considered to move sideways until is shows direction of some form.

AUDCHF and AUDCAD are ones I am keeping a close eye on over the next few trading days to see if they provide some opportunity to enter.

I would like to take this opportunity to thank Javid and Anne for their continued support, guidance and encouragement, without them my trading and development would not be where it is today. In addition I would like to thank you the readers for your kind words and feedback. Wish you all a very Merry Christmas and best wishes for a fantastic 2010.


Good Trading!
Bijal Shah