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MDunleavy
post Nov 26 2009, 08:58 AM
Post #21
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Intraday bias in EUR/CHF remains neutral for the moment. But still with 1.5102 support intact, we're favoring the bullish case that choppy fall from 1.5238 has completed at 1.5080 already. Above 1.5145 will bring rise resumption to 1.5238 resistance first. Nevertheless, break of 1.5102 minor support will dampen this immediate bullish view and indicate that another fall could still be seen to 1.5076 and below before concluding recent consolidations.
In the bigger picture, firstly, price actions from 1.5446 are treated as consolidation to rise from 1.4577 only and such rise is expected to resume sooner or later to test 1.5880 resistance. Secondly, the corrective structure of the fall from 1.5880 to 1.4577 indicates that it's a correction to medium term rise from 1.4315. Rise from 1.4577 is tentatively treated as resumption of rally from 1.4315. Hence we're expecting an eventual break of 1.5880 as rise from 1.4315 resumes. In other words, we're favoring the case that long term down trend from 1.6826 has completed at 1.4315 already. We'll hold on to this bullish view as long as 1.5007 support remains intact.[actionforex]


"P&F EURCHF1440 Box Size 80X4 or(2.06%) HI/LO
Data 1.6827 - 1.4315 ~ 48 Month ~ 1477 Day
Database 1050 records 1.50417 (Last Close)
2005-11-10 00~00
2009-11-26 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

1.6800|~8O|||____X___________________________|0.16%|17.36%
1.6720|~16O||____XoX_________________________|0.64%|16.8%
1.6640|~24O||__X_XoXo________________________|1.11%|16.24%
1.6560|~32O||__XoXoXo________________________|1.59%|15.68%
1.6480|~4OO||__XoXoXo________________________|2.06%|15.12%
1.6400|~48O||__XoXoXo________________________|2.54%|14.57%
1.6320|~56O||__XoXo_o__X_X___________________|3.01%|14.01%
1.6240|~64O||__Xo___o__XoXo__________________|3.49%|13.45%
1.6160|~72O||__X____oX_XoXo__________________|3.96%|12.89%
1.6080|~8OO||__X____oXoXoXo__________________|4.44%|12.33%
1.6000|~88O||__X____oXoXo_o__________________|4.91%|11.77%
1.5920|~96O||__X____oXoX__o__________________|5.39%|11.21%
1.5840|~1O4O|X_X____o_oX__o________X_________|5.87%|10.65%
1.5760|~112O|XoX______oX__o________Xo________|6.34%|10.09%
1.5680|~12OO|XoX______oX__o________Xo________|6.82%|9.54%
1.5600|~128O|XoX______oX__o________Xo________|7.29%|8.98%
1.5520|~136O|Xo_______oX__oX_____X_Xo________|7.77%|8.42%
1.5440|~144O|X________oX__oXo____XoXo____X___|8.24%|7.86%
1.5360|~152O|_________o___oXo____XoXo____XoX_|8.72%|7.3%
1.5280|~16OO|_____________oXo____XoXo____XoXo|9.19%|6.74%
1.5200|~168O|_____________oXo____Xo_o____XoXo|9.67%|6.18%
1.5120|~176O|_____________o_o__X_X__oX_X_XoXo|10.14%|5.62%
1.5040|~184O|_______________o__XoX__oXoXoXo_o|10.62%|5.06%
1.4960|~192O|_______________o__XoX__oXoXoX___|11.1%|4.51%
1.4880|~2OOO|_______________oX_XoX__oXoXoX___|11.57%|3.95%
1.4800|~2O8O|_______________oXoXoX__o_oXoX___|12.05%|3.39%
1.4720|~216O|_______________oXoXo_____o_oX___|12.52%|2.83%
1.4640|~224O|_______________oXoX________o____|13%|2.27%
1.4560|~232O|_______________oXo______________|13.47%|1.71%
1.4480|~24OO|_______________oX_______________|13.95%|1.15%
1.4400|~248O|_______________oX_______________|14.42%|0.59%
1.4320|~256O|_______________o________________|14.9%|0.03%
1.4240|~264O|________________________________|15.37%|-0.52%
Column|~272O|64157651411441517475148145561544|
Count|~28OO||__4____1_O2__5_5____O__3____O___|




BJF-Trading-Group-091126_eurchfMix.xls



BJF Trading Group|FOREX MetaTrader Expert Advisors
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Jeminy Rider
post Nov 27 2009, 06:04 AM
Post #22
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QUOTE (MDunleavy @ Nov 24 2009, 09:02 AM) *
My CCI study gave us a valid signal about upside correction yesterday. Price topped at 1.6647 but failed to stay above 1.6600 area so far, keep my bearish scenario intact with technical bearish target remains at 1.6400 and 1.6250 area. The bias is neutral in nearest term but I still prefer a bearish scenario. For me only movement above 1.6692 could be a serious threat to my bearish outlook. Immediate support at 1.6550. Break below that area should trigger further bearish momentum at least towards 1.6475 area. Initial resistance at 1.6647 (yesterday's high). Break above that area should trigger further bullish momentum testing 1.6692 and should be seen as potential threat to my bearish outlook. I will be watching any reaction around those levels before make any decision today[actionforex]

"P&F GBPUSD240 Box Size 10X3 or(1.93%) HI/LO
Data 1.7042 - 1.4109 ~ 8 Month ~ 244.83 Day
Database 1050 records 1.65859 (Last Close)
2009-03-24 08~00
2009-11-24 04~00
(GMT+01:00) Paris
BJF Trading Group chart"

1.7100|~1OO||____________________________|-0.34%|21.2%
1.7000|~2OO||______________X_____________|0.25%|20.49%
1.6900|~3OO||______________Xo____________|0.83%|19.78%
1.6800|~4OO||______________Xo__________X_|1.42%|19.07%
1.6700|~5OO||____________X_Xo__X_______Xo|2.01%|18.36%
1.6600|~6OO||______X_X_X_XoXoX_Xo__X_X_Xo|2.59%|17.66%
1.6500|~7OO||______XoXoXoXoXoXoXo__XoXoXo|3.18%|16.95%
1.6400|~8OO||______XoXoXoXoXoXoXo__XoXoX_|3.77%|16.24%
1.6300|~9OO||______XoXoXo_oXo_oXo__Xo_o__|4.35%|15.53%
1.6200|~1OOO|______XoXo___oX__o_o__X_____|4.94%|14.82%
1.6100|~11OO|______XoX____oX____oX_X_____|5.53%|14.11%
1.6000|~12OO|______XoX____o_____oXoX_____|6.11%|13.4%
1.5900|~13OO|______Xo___________oXoX_____|6.7%|12.69%
1.5800|~14OO|______X____________o_o______|7.29%|11.99%
1.5700|~15OO|______X_____________________|7.87%|11.28%
1.5600|~16OO|______X_____________________|8.46%|10.57%
1.5500|~17OO|______X_____________________|9.05%|9.86%
1.5400|~18OO|______X_____________________|9.64%|9.15%
1.5300|~19OO|______X_____________________|10.22%|8.44%
1.5200|~2OOO|______X_____________________|10.81%|7.73%
1.5100|~21OO|______X_____________________|11.4%|7.02%
1.5000|~22OO|____X_X_____________________|11.98%|6.32%
1.4900|~23OO|__X_XoX_____________________|12.57%|5.61%
1.4800|~24OO|__XoXoX_____________________|13.16%|4.9%
1.4700|~25OO|X_XoXoX_____________________|13.74%|4.19%
1.4600|~26OO|XoXo_oX_____________________|14.33%|3.48%
1.4500|~27OO|_oX__oX_____________________|14.92%|2.77%
1.4400|~28OO|_oX__o______________________|15.5%|2.06%
1.4300|~29OO|_oX_________________________|16.09%|1.35%
1.4200|~3OOO|_o__________________________|16.68%|0.64%
1.4100|~31OO|____________________________|17.26%|-0.06%
Column|~32OO|2573462774434717345933833353|
Count|~33OO|______2_______O_____________|




BJF-Trading-Group-091124_gbpusd1h.xls

Really, I am very appreciate on your forex information. Thank you.



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Steven Jack
post Nov 27 2009, 10:18 AM
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Really, you are giving a good information. I have getting some good tips and ideas.
Reason for edit: Links are not related to the topic. (Moderator)
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MDunleavy
post Nov 28 2009, 05:15 PM
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Not being able to maintain a bid-tone approaching 0.7400 - NZD is weakening again. Important support is formed by the .7200 handle but I wouldn't bet too much on how strong it will be in case of a re-test. It is worth watching it, though, as a break down may provide a good selling point - objectives into the 0.6900 - 0.7000 zone.

"P&F NZDUSD240 Box Size 90X3 or(4.31%) HI/LO
Data 0.7633 - 0.489 ~ 15 Month ~ 470.33 Day
Database 2000 records 0.71078 (Last Close)
2008-08-14 12~00
2009-11-27 20~00
(GMT+01:00) Paris
BJF Trading Group chart"

0.7650|~9O|||_________________________________|-0.22%|56.44%
0.7560|~18O||_____________________________Xo__|0.96%|54.6%
0.7470|~27O||_____________________________XoX_|2.14%|52.76%
0.7380|~36O||_____________________________XoXo|3.31%|50.92%
0.7290|~45O||_____________________________XoXo|4.49%|49.08%
0.7200|~54O||_X___________________________XoXo|5.67%|47.24%
0.7110|~63O||oXo__________________________Xo_o|6.85%|45.4%
0.7020|~72O||_Xo__________________________X___|8.03%|43.56%
0.6930|~81O||__oX_________________________X___|9.21%|41.72%
0.6840|~9OO||__oXo________________________X___|10.39%|39.88%
0.6750|~99O||__oXo________________________X___|11.57%|38.04%
0.6660|~1O8O|__oXo________________________X___|12.75%|36.2%
0.6570|~117O|__oXo____________________X___X___|13.93%|34.36%
0.6480|~126O|__o_o____________________XoX_X___|15.11%|32.52%
0.6390|~135O|____o____________________XoXoX___|16.28%|30.67%
0.6300|~144O|____o__X_________________XoXoX___|17.46%|28.83%
0.6210|~153O|____oX_XoX_______________Xo_o____|18.64%|26.99%
0.6120|~162O|____oXoXoXoX___________X_X_______|19.82%|25.15%
0.6030|~171O|____oXoXoXoXo__X_______XoX_______|21%|23.31%
0.5940|~18OO|____oXo_o_oXo__XoX___X_XoX_______|22.18%|21.47%
0.5850|~189O|____o_____oXo__XoXo__XoXo________|23.36%|19.63%
0.5760|~198O|__________oXo__XoXo__XoX_________|24.54%|17.79%
0.5670|~2O7O|__________oXo__Xo_o__XoX_________|25.72%|15.95%
0.5580|~216O|__________oXoX_X__o__XoX_________|26.9%|14.11%
0.5490|~225O|__________oXoXoX__o__Xo__________|28.08%|12.27%
0.5400|~234O|__________o_oXoX__oX_X___________|29.25%|10.43%
0.5310|~243O|____________oXoX__oXoX___________|30.43%|8.59%
0.5220|~252O|____________o_o___oXoX___________|31.61%|6.75%
0.5130|~261O|__________________oXoX___________|32.79%|4.91%
0.5040|~27OO|__________________o_oX___________|33.97%|3.07%
0.4950|~279O|____________________o____________|35.15%|1.23%
0.4860|~288O|_________________________________|36.33%|-0.61%
Column|~297O|138514344398144943145157384331644|
Count|~3O6O||____2_______O_____O__1_______5___|




BJF-Trading-Group-091128_NZDUSD_30min.xls



BJF Trading Group|FOREX MetaTrader Expert Advisors
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MDunleavy
post Dec 2 2009, 07:26 PM
Post #25
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USD/CAD Daily Outlook
Intraday bias in USD/CAD remains on the downside with 1.0532 minor resistance intact. Correction from 1.0851 is still in progress for 100% projection of 1.0851 to 1.0416 from 1.0748 at 1.0313. But downside should be contained above 1.0205 low to conclude the correction. On the upside, above 1.0532 will turn intraday bias neutral first and turn focus back to 1.0748 resistance instead.[actionforex]

"P&F USDCAD1440 Box Size 225X3 or(5.38%) HI/LO
Data 1.6054 - 0.9056 ~ 91 Month ~ 2772 Day
Database 1974 records 1.05026 (Last Close)
2002-05-01 00~00
2009-12-02 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

1.6200|~225||________________________________________|-0.91%|78.89%
1.5975|~45O||x_______________________________________|0.49%|76.4%
1.5750|~675||x_o_____________________________________|1.89%|73.92%
1.5525|~9OO||x_o_____________________________________|3.3%|71.43%
1.5300|~1125|x_o_____________________________________|4.7%|68.95%
1.5075|~135O|__o_____________________________________|6.1%|66.46%
1.4850|~1575|__o_____________________________________|7.5%|63.98%
1.4625|~18OO|__o_____________________________________|8.9%|61.5%
1.4400|~2O25|__o_____________________________________|10.3%|59.01%
1.4175|~225O|__o_x___________________________________|11.7%|56.53%
1.3950|~2475|__o_x_o_x_______________________________|13.11%|54.04%
1.3725|~27OO|__o_x_o_x_o_____________________________|14.51%|51.56%
1.3500|~2925|__o___o_x_o_____________________________|15.91%|49.07%
1.3275|~315O|______o_x_o_____________________________|17.31%|46.59%
1.3050|~3375|______o_x_o_____________________x_______|18.71%|44.1%
1.2825|~36OO|______o___o_________x___x___x___x_o_____|20.11%|41.62%
1.2600|~3825|__________o_x_______x_o_x_o_x_o_x_o_____|21.51%|39.13%
1.2375|~4O5O|__________o_x_o_____x_o_x_o_x_o_x_o_____|22.92%|36.65%
1.2150|~4275|__________o_x_o_____x_o_x_o___o_x_o_____|24.32%|34.17%
1.1925|~45OO|__________o___o_____x_o_x_____o___o_____|25.72%|31.68%
1.1700|~4725|______________o_x___x_o_x_________o_x___|27.12%|29.2%
1.1475|~495O|______________o_x_o_x_o___________o_x_o_|28.52%|26.71%
1.1250|~5175|______________o_x_o_x_____________o_x_o_|29.92%|24.23%
1.1025|~54OO|______________o___o_x_____________o_x_o_|31.33%|21.74%
1.0800|~5625|__________________o_x_____________o___o_|32.73%|19.26%
1.0575|~585O|__________________o_x_________________o_|34.13%|16.77%
1.0350|~6O75|__________________o_x_________________o_|35.53%|14.29%
1.0125|~63OO|__________________o_x___________________|36.93%|11.8%
0.9900|~6525|__________________o_x___________________|38.33%|9.32%
0.9675|~675O|__________________o_x___________________|39.73%|6.84%
0.9450|~6975|__________________o_x___________________|41.14%|4.35%
0.9225|~72OO|__________________o_____________________|42.54%|1.87%
0.9000|~7425|________________________________________|43.94%|-0.62%
Column|~765O|4_113_6_5_9_3_7_3_11166_6_3_3_4_5_104_6_|
Count




BJF-Trading-Group-USDCAD_H4and30min.xls



BJF Trading Group|FOREX MetaTrader Expert Advisors
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MDunleavy
post Dec 11 2009, 07:00 AM
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The Support at 0.9100 mentioned earlier held during the day and Aussie is continuing to trade higher. We may expect a test of the Resistance at 0.9200. As mentioned earlier a break above 0.9200 might see a rise towards 0.9280-0.9300. As the pair is looking strong on its upmove, we expect the Support at 0.9100 to hold in the US session also. However, a break below 0.9100 might pull it down towards 0.9020-00. Overall we expect it to trade in the range of 0.9000-0.9300 for some time.[actionforex]

"P&F AUDUSD1440 Box Size 150X3 or(5.97%) HI/LO
Data 0.9849 - 0.5228 ~ 92 Month ~ 2808 Day
Database 2000 records 0.91427 (Last Close)
2002-04-03 00~00
2009-12-10 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

0.9750|~15O||__________________________________|1.01%|86.5%
0.9600|~3OO||_______________Xo_________________|2.53%|83.63%
0.9450|~45O||_____________X_Xo_________________|4.05%|80.76%
0.9300|~6OO||___________X_XoXo________________X|5.57%|77.89%
0.9150|~75O||___________XoXoXo________________X|7.1%|75.02%
0.9000|~9OO||___________XoXo_o________________X|8.62%|72.15%
0.8850|~1O5O|_________X_XoX__o________________X|10.14%|69.28%
0.8700|~12OO|_________XoXoX__o________________X|11.67%|66.41%
0.8550|~135O|_________XoXo___o________________X|13.19%|63.54%
0.8400|~15OO|_________XoX____oX_______________X|14.71%|60.67%
0.8250|~165O|_________XoX____oXo____________X_X|16.24%|57.8%
0.8100|~18OO|_________XoX____oXo____________XoX|17.76%|54.93%
0.7950|~195O|___X___X_XoX____o_o____________XoX|19.28%|52.07%
0.7800|~21OO|___Xo__XoXo_______o____________Xo_|20.8%|49.2%
0.7650|~225O|___Xo__XoX________o____________X__|22.33%|46.33%
0.7500|~24OO|___Xo__XoX________o____________X__|23.85%|43.46%
0.7350|~255O|___XoX_XoX________o____________X__|25.37%|40.59%
0.7200|~27OO|___XoXoXoX________o__X_____X___X__|26.9%|37.72%
0.7050|~285O|___XoXoXo_________oX_XoX___Xo__X__|28.42%|34.85%
0.6900|~3OOO|___Xo_o___________oXoXoXoX_Xo__X__|29.94%|31.98%
0.6750|~315O|___X______________oXoXoXoXoXoX_X__|31.47%|29.11%
0.6600|~33OO|___X______________oXoXo_oXoXoXoX__|32.99%|26.24%
0.6450|~345O|___X______________o_o___oXoXoXoX__|34.51%|23.37%
0.6300|~36OO|___X____________________oXoXo_o___|36.03%|20.5%
0.6150|~375O|___X____________________o_o_______|37.56%|17.64%
0.6000|~39OO|___X______________________________|39.08%|14.77%
0.5850|~4O5O|___X______________________________|40.6%|11.9%
0.5700|~42OO|_X_X______________________________|42.13%|9.03%
0.5550|~435O|_XoX______________________________|43.65%|6.16%
0.5400|~45OO|oXoX______________________________|45.17%|3.29%
0.5250|~465O|__o_______________________________|46.7%|0.42%
Column|||||||1331733761715634131445436557633131|
Count||||||||___8_____2_O____2_3____________3_O|



BJF-Trading-Group-AUDUSD_h430min_091210.xls



BJF Trading Group|FOREX MetaTrader Expert Advisors
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MDunleavy
post Dec 12 2009, 09:38 AM
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Although the single currency rebounded strongly from 126.95 to 134.54, the sharp retreat from there to 128.78 suggests further choppy consolidation would take place and as long as 128.78 holds, mild upside bias is seen for another bounce to 132.34 (61.8% Fibonacci retracement of 134.54 to 128.78) but break of 134.54 resistance is needed to add credence to our recent preferred count that the wave 2 from 139.26 was a triple threes. This abc-x-abc-x-abc is labeled as: first set of a-b-c ended at 127.00, then x wave at 138.72, followed by second set of a-b-c at 129.02, then another x wave at 138.49 with the third set of a-b-c marked as: a-131.01, b-135.75 and the c leg as well as entire wave 2 ended at 126.95.
Our preferred count remains that the upmove from 112.08 is wave 1 of C has ended at 139.26 with minor wave iii ended at 137.42, followed by triangle wave iv at 126.98, then the move from there to 127.00 is wave 2 with the latest break-down indicated above and consolidation with upside bias remains for another test of 134.54 and possibly to 135.00. Looking ahead, only breach of 135.76-136.00 resistance area would add credence to this count and signal wave 2 has indeed ended at 126.95, then headway to 137.00 and later test of resistance at 138.49 would follow.[actionforex]


"P&F EURJPY240 Box Size 160X4 or(4.68%) HI/LO
Data 161.65 - 112.072 ~ 16 Month ~ 470.33 Day
Database 2000 records 130.378 (Last Close)
2008-08-28 12~00
2009-12-11 20~00
(GMT+01:00) Paris
BJF Trading Group chart"

161.60|~16O||____________________________|0.03%|44.19%
160.00|~32O||o___________________________|1.02%|42.77%
158.40|~48O||o___________________________|2.01%|41.34%
156.80|~64O||oX__________________________|3%|39.91%
155.20|~8OO||oXo_________________________|3.99%|38.48%
153.60|~96O||oXo_________________________|4.98%|37.05%
152.00|~112O|oXo_________________________|5.97%|35.63%
150.40|~128O|oXo_________________________|6.96%|34.2%
148.80|~144O|oXo_________________________|7.95%|32.77%
147.20|~16OO|o_o_________________________|8.94%|31.34%
145.60|~176O|__o_________________________|9.93%|29.92%
144.00|~192O|__o_________________________|10.92%|28.49%
142.40|~2O8O|__o_________________________|11.91%|27.06%
140.80|~224O|__oX________________________|12.9%|25.63%
139.20|~24OO|==oXo================X======|13.89%|24.21%
137.60|~256O|__oXo________________XoX_X__|14.88%|22.78%
136.00|~272O|__oXo____________X___XoXoXo_|15.87%|21.35%
134.40|~288O|__oXo__________X_XoX_XoXoXoX|16.86%|19.92%
132.80|~3O4O|__o_o__________XoXoXoXoXoXoX|17.85%|18.5%
131.20|~32OO|____o__________XoXoXoXoXoXoX|18.84%|17.07%
129.60|~336O|____oX_X_____X_XoXoXoXoXo_oX|19.83%|15.64%
128.00|~352O|====oXoXo====XoXoXoXo=o===o=|20.82%|14.21%
126.40|~368O|____oXoXo____XoXo_oX________|21.81%|12.78%
124.80|~384O|____oXoXoX_X_XoX__o_________|22.8%|11.36%
123.20|~4OOO|____oXo_oXoXoXoX____________|23.79%|9.93%
121.60|~416O|____oX__oXoXoXoX____________|24.78%|8.5%
120.00|~432O|____oX__oXoXoXoX____________|25.77%|7.07%
118.40|~448O|____oX__o_oXoXoX____________|26.76%|5.65%
116.80|~464O|____oX____o_o_oX____________|27.75%|4.22%
115.20|~48OO|____o_________oX____________|28.73%|2.79%
113.60|~496O|______________o_____________|29.72%|1.36%
112.00|~512O|____________________________|30.71%|-0.06%
Column|~528O|9615194474555811567647765564|
Count|~544O||__5_6_________O3____________|




BJF-Trading-Group-EURJPY_4h30min_91211.xls



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MDunleavy
post Dec 13 2009, 06:49 PM
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European debt concerns will subside, eventually

The past week started off with a Fitch ratings downgrade of Greece followed by S&P moving Spain's credit outlook to negative, though its ratings were affirmed. The moves rattled investors' nerves and weighed on the EUR and other European currencies. The financial media filed the obligatory 'risk of a sovereign debt default' and the 'euro could come undone' stories, adding to concerns on Europe. However, we think the ratings moves are simply a short-term blow to sentiment which dovetailed nicely with the Euro cresting at the beginning of December. There is little immediate concern of a debt default as seen in Greek government debt yields, which while about 2% higher than German yields, are not in panic territory at about 5.2%. Indeed, should the worst come to pass it would likely only be later next year and lead to a rescue package from the IMF or the EU. European leaders were consistent in admonishing the most deficit-heavy countries to address budget issues urgently, and leaders of those nations' seemed to get the message, but they also indicated that they would mutually address any terminal credit crisis. As for the fate of the EUR, there is zero chance of EMU coming undone or Greece being thrown overboard, given treaty obligations. In that sense, the impact on the EUR is largely psychological, but that doesn't mean it can't weigh on the common currency further, which is why we also see scope for further EUR weakness ahead. We think fears may begin to subside in the New Year as investors conclude the risks are overblown and assets get put back to work in the new calendar year.[Written by Forex.com]

EUR Index

"P&F EUR_Day_MIX Box Size 48X3 or(1.44%) CLOSE
Data 107.357 - 92.9315 ~ 49 Month ~ 1477 Day
Database 1050 records 100 (Last Close)
2005-11-25 00~00
2009-12-11 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

107.52|~48||______________________________________________________|-0.15%|15.7%
107.04|~96||______________________________x___x___________________|0.3%|15.18%
106.56|~144|______________________________x_o_x_o_________________|0.74%|14.67%
106.08|~192|______________________________x_o_x_o_________________|1.19%|14.15%
105.60|~24O|______________________________x_o___o_________________|1.64%|13.63%
105.12|~288|______________________________x_____o_________________|2.08%|13.12%
104.64|~336|______________________________x_____o_________________|2.53%|12.6%
104.16|~384|______________________________x_____o_x_______________|2.98%|12.08%
103.68|~432|______________________________x_____o_x_o_____________|3.43%|11.57%
103.20|~48O|______________x_______________x_____o_x_o_____________|3.87%|11.05%
102.72|~528|__________x___x_o_____________x_____o_x_o_____________|4.32%|10.53%
102.24|~576|__________x_o_x_o_____________x_____o_x_o_x___x_______|4.77%|10.02%
101.76|~624|__________x_o_x_o_____x___x___x_____o_x_o_x_o_x_o_____|5.21%|9.5%
101.28|~672|__________x_o_x_o_x___x_o_x_o_x_____o_x_o_x_o_x_o_x___|5.66%|8.98%
100.80|~72O|__________x_o___o_x_o_x_o_x_o_x_____o_x_o_x_o___o_x_o_|6.11%|8.47%
100.32|~768|______x___x_____o_x_o_x_o_x_o_x_____o_x_o_______o_x_o_|6.55%|7.95%
99.84|~816||______x_o_x_____o___o_x_o_x_o_______o___________o___o_|7%|7.43%
99.36|~864||______x_o_x_________o_x_o_x___________________________|7.45%|6.92%
98.88|~912||______x_o_x_________o___o_x___________________________|7.9%|6.4%
98.40|~96O||__x___x_o_______________o_x___________________________|8.34%|5.88%
97.92|~1OO8|__x_o_x_________________o_x___________________________|8.79%|5.37%
97.44|~1O56|__x_o_x_________________o_____________________________|9.24%|4.85%
96.96|~11O4|__x_o_________________________________________________|9.68%|4.33%
96.48|~1152|__x___________________________________________________|10.13%|3.82%
96.00|~12OO|__x___________________________________________________|10.58%|3.3%
95.52|~1248|__x___________________________________________________|11.03%|2.79%
95.04|~1296|__x___________________________________________________|11.47%|2.27%
94.56|~1344|__x___________________________________________________|11.92%|1.75%
94.08|~1392|__x___________________________________________________|12.37%|1.24%
93.60|~144O|o_x___________________________________________________|12.81%|0.72%
93.12|~1488|o_x___________________________________________________|13.26%|0.2%
92.64|~1536|o_____________________________________________________|13.71%|-0.31%
Column||||||3_123_7_4_9_4_5_7_3_5_6_9_9_4_153_3_159_8_4_3_3_5_3_3_|
Count




BJF-Trading-Group-EurIndex_091212.xls



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MDunleavy
post Dec 16 2009, 03:16 PM
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Intraday bias in GBP/USD remains neutral for the moment as sideway trading from 1.6166 continues. Another rise cannot be ruled out but still, upside is expected to be limited well below 1.6515 resistance and bring fall resumption. Below 1.6166 will indicate that whole fall from 1.6875 has resumed and should target a retest of 1.5706 support next.[actionforex]

"P&F GBPUSD1440 Box Size 250X3 or(4.33%) HI/LO
Data 2.1161 - 1.3502 ~ 92 Month ~ 2795 Day
Database 2000 records 1.63294 (Last Close)
2002-04-22 00~00
2009-12-16 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

2.1250|~25O||____________________________________|-0.42%|57.38%
2.1000|~5OO||_________________X__________________|0.76%|55.53%
2.0750|~75O||_________________Xo_________________|1.94%|53.68%
2.0500|~1OOO|_______________X_Xo_________________|3.12%|51.83%
2.0250|~125O|_______________XoXoX________________|4.31%|49.98%
2.0000|~15OO|_______________XoXoXo_______________|5.49%|48.13%
1.9750|~175O|_______________Xo_oXo_______________|6.67%|46.27%
1.9500|~2OOO|_________X_____X__o_o_______________|7.85%|44.42%
1.9250|~225O|_________Xo____X____o_______________|9.03%|42.57%
1.9000|~25OO|_____X___Xo__X_X____o_______________|10.21%|40.72%
1.8750|~275O|_____XoX_Xo__XoX____o_______________|11.39%|38.87%
1.8500|~3OOO|_____XoXoXo__XoX____oX______________|12.58%|37.02%
1.8250|~325O|_____XoXoXoX_Xo_____oXo_____________|13.76%|35.17%
1.8000|~35OO|_____XoXoXoXoX______oXo_____________|14.94%|33.31%
1.7750|~375O|_____XoXo_oXoX______oXo_____________|16.12%|31.46%
1.7500|~4OOO|_____Xo___o_oX______o_o_____________|17.3%|29.61%
1.7250|~425O|_____X______o_________o_____________|18.48%|27.76%
1.7000|~45OO|_____X________________o__________X__|19.66%|25.91%
1.6750|~475O|===X=X================o==========XoX|20.84%|24.06%
1.6500|~5OOO|_X_XoX________________oX_________XoX|22.03%|22.2%
1.6250|~525O|_XoXoX________________oXo________XoX|23.21%|20.35%
1.6000|~55OO|=XoXoX================oXo========XoX|24.39%|18.5%
1.5750|~575O|_XoXo_________________oXo________Xo_|25.57%|16.65%
1.5500|~6OOO|_Xo___________________o_oX_X_____X__|26.75%|14.8%
1.5250|~625O|_X______________________oXoXoX___X__|27.93%|12.95%
1.5000|~65OO|_X______________________oXoXoXo__X__|29.11%|11.09%
1.4750|~675O|_X______________________o_oXoXoX_X__|30.3%|9.24%
1.4500|~7OOO|oX________________________o_o_oXoX__|31.48%|7.39%
1.4250|~725O|______________________________oXoX__|32.66%|5.54%
1.4000|~75OO|______________________________oXoX__|33.84%|3.69%
1.3750|~775O|______________________________o_o___|35.02%|1.84%
1.3500|~8OOO|____________________________________|36.2%|-0.01%
Column|~825O|194541654783473935631414734443644154|
Count|~85OO||_____3______________1_2__________3__|




BJF-Trading-Group-GBPUSD_4h30min_091216.xls



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MDunleavy
post Dec 21 2009, 12:54 PM
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GBP/JPY's recovery extended further to as high as 146.89 last week. But after all, it's still limited by 147.43 resistance and we're holding on to the bearish view. That is, choppy recovery from 141.99 is treated as correction to fall from 149.15 only. A break below 143.12 minor support will suggest that such recovery is completed and will flip intraday bias back to the downside. Further break of 141.99 will target 139.26 support next. However, note that break of 147.43 will dampen this immediate bearish view and suggest that rise from 139.26 is still in progress for another high above 149.15 before completion.[actionforex]

"P&F GBPJPY1440 Box Size 440X3 or(7.08%) HI/LO
Data 250.2 - 122.42 ~ 48 Month ~ 1477 Day
Database 1050 records 145.761 (Last Close)
2005-12-05 00~00
2009-12-21 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

250.80|~44O||__________x_______________________|-0.24%|104.87%
246.40|~88O||______x___x_o_____________________|1.52%|101.27%
242.00|~132O|______x_o_x_o_____________________|3.28%|97.68%
237.60|~176O|__x___x_o___o_x___________________|5.04%|94.09%
233.20|~22OO|__x_o_x_____o_x_o_________________|6.79%|90.49%
228.80|~264O|__x_o_x_____o_x_o_________________|8.55%|86.9%
224.40|~3O8O|__x_o_______o_x_o_________________|10.31%|83.3%
220.00|~352O|__x_________o___o_________________|12.07%|79.71%
215.60|~396O|__x_____________o_x_______________|13.83%|76.12%
211.20|~44OO|o_x_____________o_x_o_____________|15.59%|72.52%
206.80|~484O|o_x_____________o_x_o_____________|17.35%|68.93%
202.40|~528O|o_______________o_x_o_____________|19.1%|65.33%
198.00|~572O|________________o_x_o_____________|20.86%|61.74%
193.60|~616O|________________o___o_____________|22.62%|58.14%
189.20|~66OO|____________________o_____________|24.38%|54.55%
184.80|~7O4O|____________________o_____________|26.14%|50.96%
180.40|~748O|____________________o_x___________|27.9%|47.36%
176.00|~792O|____________________o_x_o_________|29.66%|43.77%
171.60|~836O|____________________o_x_o_________|31.41%|40.17%
167.20|~88OO|____________________o___o_________|33.17%|36.58%
162.80|~924O|========================o=x===x===|34.93%|32.98%
158.40|~968O|________________________o_x_o_x_o_|36.69%|29.39%
154.00|~1O12|________________________o_x_o_x_o_|38.45%|25.8%
149.60|~1O56|________________________o_x_o_x_o_|40.21%|22.2%
145.20|~11OO|________________________o_x_o_x_o_|41.97%|18.61%
140.80|~1144|========================o===o=x=o=|43.73%|15.01%
136.40|~1188|____________________________o_x___|45.48%|11.42%
132.00|~1232|____________________________o_x___|47.24%|7.83%
127.60|~1276|____________________________o_x___|49%|4.23%
123.20|~132O|____________________________o_x___|50.76%|0.64%
118.80|~1364|____________________________o_____|52.52%|-2.96%
Column|~14O8|3_8_3_5_1_2_7_4_105_113_9_5_10105_|
Count




BJF-Trading-Group-GBPJPY_4h30min_091221.xls



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MDunleavy
post Dec 27 2009, 06:05 PM
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EURGBP: Corrective Strength Continues To Be Seen

EURGBP: Price extension following its corrective recovery triggered off the 0.8850 level continues to target further upside breaking above the 0.8970/89 levels today. This leaves further upside risk towards its Dec 14’09 high at 0.9047 with a break aiming at the 0.9150 level, its Dec 01’09 high where a hold must be established to resume its recovery initiated at the 0.8832 level, its Nov 17’09 high towards the 0.9239 level, its Oct 26’09 high. Beyond there will turn attention to the 0.9410 level, its Oct 13’09 high. This view is supported by its daily studies which are bullish and pointing to the upside. On the downside, immediate support lies at the 0.8989/70 levels with a turn below there bringing further downside towards the 0.8832 level where a loss will set the stage for the resumption of its declines started at the 0.9410 level and allowing more downside force towards the 0.8698 level.[Written by actionforex]

"P&F EURGBP1440 Box Size 121X3 or(4.57%) CLOSE
Data 0.977 - 0.6129 ~ 92 Month ~ 2806 Day
Database 2000 records 0.89992 (Last Close)
2002-04-19 00~00
2009-12-24 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

0.9801|~121||________________________________________|-0.32%|59.91%
0.9680|~242||________________________x_______________|0.92%|57.94%
0.9559|~363||________________________x_o_____________|2.16%|55.96%
0.9438|~484||________________________x_o_____x_______|3.4%|53.99%
0.9317|~6O5||________________________x_o_x___x_o_x___|4.64%|52.02%
0.9196|~726||========================x=o=x=o=x=o=x=o=|5.88%|50.04%
0.9075|~847||________________________x_o_x_o_x_o_x_o_|7.11%|48.07%
0.8954|~968||________________________x_o_x_o_x_o_x_o_|8.35%|46.09%
0.8833|~1O89|========================x=o===o=x=o=x=o=|9.59%|44.12%
0.8712|~121O|________________________x_____o___o_x___|10.83%|42.14%
0.8591|~1331|____________________x___x_________o_x___|12.07%|40.17%
0.8470|~1452|____________________x_o_x_________o_x___|13.31%|38.2%
0.8349|~1573|____________________x_o_x_________o_____|14.54%|36.22%
0.8228|~1694|____________________x_o_________________|15.78%|34.25%
0.8107|~1815|________________x___x___________________|17.02%|32.27%
0.7986|~1936|________________x_o_x___________________|18.26%|30.3%
0.7865|~2O57|________________x_o_x___________________|19.5%|28.32%
0.7744|~2178|________________x_o_x___________________|20.74%|26.35%
0.7623|~2299|________________x_o_____________________|21.98%|24.38%
0.7502|~242O|________________x_______________________|23.21%|22.4%
0.7381|~2541|________________x_______________________|24.45%|20.43%
0.7260|~2662|________________x_______________________|25.69%|18.45%
0.7139|~2783|x___x___________x_______________________|26.93%|16.48%
0.7018|~29O4|x_o_x_o_x_______x_______________________|28.17%|14.5%
0.6897|~3O25|x_o_x_o_x_o_x___x_______________________|29.41%|12.53%
0.6776|~3146|x_o___o_x_o_x_o_x_______________________|30.64%|10.56%
0.6655|~3267|x_____o_x_o_x_o_x_______________________|31.88%|8.58%
0.6534|~3388|x_____o___o___o_________________________|33.12%|6.61%
0.6413|~35O9|x_______________________________________|34.36%|4.63%
0.6292|~363O|x_______________________________________|35.6%|2.66%
0.6171|~3751|x_______________________________________|36.84%|0.69%
0.6050|~3872|________________________________________|38.08%|-1.29%
Column|~3993|9_3_3_5_4_4_3_3_134_8_3_127_4_5_6_9_8_4_|
Count




BJF-Trading-Group-EURGBP_4h30min_091227.xls



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MDunleavy
post Dec 31 2009, 01:28 PM
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Yen : The JPY is currently trading in a rising channel pattern. Immediate resistance comes around 93.10 levels which if broken then could test next resistance level near 94.20 levels where shorts can be initiated for the target of 90 levels. Bias for USDJPY pair remains strong above 88.40 levels. (USDJPY- 92.36) Neutral.
Aud : AUDUSD is consistently trading below 55days Daily EMA and is having an immediate resistance near 0.9000 levels.Our expectation of Aud below 0.9000 levels should continue the bearish momentum targeting 0.8650 levels.Initiate shorts near 0.9000 levels for the target of 150pips. Stochastic is in overbought region. (AUDUSD - 0.8964) Bearish.[Written by actionforex]

"P&F AUDJPY1440 Box Size 170X4 or(8.31%) CLOSE
Data 107.42 - 56.23 ~ 93 Month ~ 2845 Day
Database 2000 records 82.882 (Last Close)
2002-03-18 00~00
2009-12-31 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

108.8|~17O||_________________________________|-1.28%|93.49%
107.1|~34O||__________X_X____________________|0.3%|90.47%
105.4|~51O||__________XoXo___________________|1.88%|87.44%
103.7|~68O||__________XoXo____X______________|3.46%|84.42%
102.0|~85O||__________XoXo____Xo_____________|5.05%|81.4%
100.3|~1O2O|__________XoXo____Xo_____________|6.63%|78.37%
98.60|~119O|__________XoXoX_X_Xo_____________|8.21%|75.35%
96.90|~136O|__________XoXoXoXoXo_____________|9.79%|72.33%
95.20|~153O|________X_XoXoXoXoXo_____________|11.38%|69.3%
93.50|~17OO|________XoXoXoXoXoXo_____________|12.96%|66.28%
91.80|~187O|________XoXoXo_oXoXo_____________|14.54%|63.26%
90.10|~2O4O|______X_XoXo___o_oXo_____________|16.12%|60.23%
88.40|~221O|______XoXo_______o_oX____________|17.71%|57.21%
86.70|~238O|______XoX__________oXo___________|19.29%|54.19%
85.00|~255O|____X_XoX__________oXo___________|20.87%|51.16%
83.30|~272O|____XoXoX__________oXo__________X|22.45%|48.14%
81.60|~289O|____XoXo___________o_o__________X|24.04%|45.12%
79.90|~3O6O|__X_XoX______________o________X_X|25.62%|42.09%
78.20|~323O|__XoXoX______________o________XoX|27.2%|39.07%
76.50|~34OO|__XoXoX______________o________XoX|28.78%|36.05%
74.80|~357O|__XoXoX______________o________XoX|30.37%|33.03%
73.10|~374O|__Xo_o_______________o________XoX|31.95%|30%
71.40|~391O|X_X__________________oX_X_____Xo_|33.53%|26.98%
69.70|~4O8O|XoX__________________oXoXo____X__|35.11%|23.96%
68.00|~425O|_oX__________________oXoXoX___X__|36.7%|20.93%
66.30|~442O|_oX__________________oXoXoXoX_X__|38.28%|17.91%
64.60|~459O|_oX__________________o_o_oXoXoX__|39.86%|14.89%
62.90|~476O|_o_______________________oXoXoX__|41.44%|11.86%
61.20|~493O|_________________________oXoXoX__|43.03%|8.84%
59.50|~51OO|_________________________oXoXoX__|44.61%|5.82%
57.80|~527O|_________________________oXoXoX__|46.19%|2.79%
56.10|~544O|_________________________o_o_o___|47.78%|-0.23%
Column|~561O|251477158411194556914144497766157|
Count|~578O|__O___O___1OO______3_4________4__|




BJF-Trading-Group-AUDJPY_4h1h_091231.xls



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MDunleavy
post Jan 2 2010, 10:49 AM
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Dollar Index is currently trading at 77.80 levels and consistantly trading above 55 days EMA. We're remaining bullish on the dollar index as long as 76.80 resistance turned support is held. Further rise is expected to be seen near 80 levels (DI - 77.78) Bullish.[Written by actionforex]

"P&F _DY1440 Box Size 160X3 or(5.05%) CLOSE
Data 118.62 - 71.36 ~ 93 Month ~ 2834 Day
Database 2001 records 77.87 (Last Close)
2002-03-29 00~00
2009-12-31 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

118.4|~16O||________________________________________|0.19%|65.92%
116.8|~32O||________________________________________|1.53%|63.68%
115.2|~48O||__o_____________________________________|2.88%|61.43%
113.6|~64O||__o_____________________________________|4.23%|59.19%
112.0|~8OO||__o_____________________________________|5.58%|56.95%
110.4|~96O||__o_____________________________________|6.93%|54.71%
108.8|~112O|__o_____________________________________|8.28%|52.47%
107.2|~128O|__o_____________________________________|9.63%|50.22%
105.6|~144O|__o_____________________________________|10.98%|47.98%
104.0|~16OO|__o_____________________________________|12.33%|45.74%
102.4|~176O|__o_____________________________________|13.67%|43.5%
100.8|~192O|__o_____________________________________|15.02%|41.26%
99.20|~2O8O|__o_____________________________________|16.37%|39.01%
97.60|~224O|__o_x___________________________________|17.72%|36.77%
96.00|~24OO|__o_x_o_________________________________|19.07%|34.53%
94.40|~256O|__o_x_o_________________________________|20.42%|32.29%
92.80|~272O|__o_x_o_________________________________|21.77%|30.04%
91.20|~288O|__o___o_x___________x___________________|23.12%|27.8%
89.60|~3O4O|______o_x_o_____x___x_o_________________|24.46%|25.56%
88.00|~32OO|______o_x_o_____x_o_x_o_____x___x_______|25.81%|23.32%
86.40|~336O|______o_x_o_____x_o_x_o_____x_o_x_o_x___|27.16%|21.08%
84.80|~352O|______o___o_x___x_o___o_____x_o_x_o_x_o_|28.51%|18.83%
83.20|~368O|__________o_x_o_x_____o_____x_o_x_o_x_o_|29.86%|16.59%
81.60|~384O|__________o_x_o_x_____o_____x_o_x_o___o_|31.21%|14.35%
80.00|~4OOO|__________o___o_______o_x___x_o_x_____o_|32.56%|12.11%
78.40|~416O|______________________o_x_o_x_o_______o_|33.91%|9.87%
76.80|~432O|______________________o_x_o_x_________o_|35.26%|7.62%
75.20|~448O|______________________o_x_o___________o_|36.6%|5.38%
73.60|~464O|______________________o_x_____________o_|37.95%|3.14%
72.00|~48OO|______________________o_x_______________|39.3%|0.9%
70.40|~496O|______________________o_________________|40.65%|-1.35%
Column||||||0_164_8_4_7_3_3_6_3_4_136_3_8_6_6_4_3_8_|
Count





BJF-Trading-Group-DXY_4h30min_0102.xls



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MDunleavy
post Jan 8 2010, 09:10 PM
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Gold's recovery stalled after hitting 38.2% retracement of 1227.5 to 1075.2 at 1133.4 and with 4 hours MACD crossed below signal line, intraday bias is turned neutral. With 1115.9 minor support intact, another rise cannot be ruled out and above 1141 will target 61.8% retracement at 1169.3 next. On the downside, however, break of 1115.9 minor support will argue that recovery from 1075.2 might have completed and will flip intraday bias back to the downside for retesting this support.
In the bigger picture, rise from 681 is expected to develop into a set of five wave sequence with first wave completed at 1007.7, second wave triangle consolidation completed at 931.3. Rise from 931.3 is treated as the third wave and has possibly completed at 1227.5 after missing 100% projection of 681 to 1007.7 from 931.3 at 1258. Deeper pull back could now be seen to 1026.9/1072 support zone, or even further to retest 1000 psychological level. But downside should be contained well above 931.3 support and bring up trend resumption to another high above 1227.5.[oilngold]

"P&F GOLD240 Box Size1780X3 or(5.6%) HI/LO
Data 1226.37 - 681.4 ~ 16 Month ~ 476.5 Day
Database 2011 records 1122.27 (Last Close)
2008-09-19 00~00
2010-01-08 12~00
(GMT+01:00) Paris
BJF Trading Group chart"

1228.20|~1780||____________________________________________|-0.15%|80.25%
1210.40|~3560||______________________________________x_o___|1.3%|77.63%
1192.60|~5340||__________________________________x___x_o___|2.75%|75.02%
1174.80|~7120||__________________________________x_o_x_o___|4.21%|72.41%
1157.00|~89O0||__________________________________x_o_x_o___|5.66%|69.8%
1139.20|~1O680|__________________________________x_o___o_x_|7.11%|67.19%
1121.40|~12460|__________________________________x_____o_x_|8.56%|64.57%
1103.60|~14240|__________________________________x_____o_x_|10.01%|61.96%
1085.80|~16O20|__________________________________x_____o___|11.46%|59.35%
1068.00|~178O0|__________________________________x_________|12.91%|56.74%
1050.20|~19580|__________________________________x_________|14.37%|54.12%
1032.40|~21360|__________________________________x_________|15.82%|51.51%
1014.60|~23140|__________________________________x_________|17.27%|48.9%
996.80|~24920||______________________x___________x_________|18.72%|46.29%
979.00|~267O0||______________________x_o_____x___x_________|20.17%|43.67%
961.20|~28480||______________________x_o_x___x_o_x_________|21.62%|41.06%
943.40|~3O260||______________________x_o_x_o_x_o_x_________|23.07%|38.45%
925.60|~32O40||______x_______________x_o_x_o_x_o_x_________|24.53%|35.84%
907.80|~33820||__x___x_o_____________x_o_x_o_x_o___________|25.98%|33.23%
890.00|~356O0||__x_o_x_o_____________x_o___o_x_____________|27.43%|30.61%
872.20|~37380||__x_o_x_o_________x___x_____o_______________|28.88%|28%
854.40|~39160||__x_o_x_o_________x_o_x_____________________|30.33%|25.39%
836.60|~4O940||o___o___o_________x_o_x_____________________|31.78%|22.78%
818.80|~42720||o_______o_____x___x_o_______________________|33.23%|20.16%
801.00|~445O0||________o_____x_o_x_________________________|34.69%|17.55%
783.20|~46280||________o_____x_o_x_________________________|36.14%|14.94%
765.40|~48O60||________o_x___x_o_x_________________________|37.59%|12.33%
747.60|~49840||________o_x_o_x_o___________________________|39.04%|9.72%
729.80|~51620||________o_x_o_x_____________________________|40.49%|7.1%
712.00|~534O0||________o_x_o_______________________________|41.94%|4.49%
694.20|~55180||________o___________________________________|43.39%|1.88%
676.40|~56960||____________________________________________|44.85%|-0.73%
Column|~58740||2_4_4_5_134_3_6_4_7_3_106_4_5_6_4_163_4_8_3_|
Count




BJF-Trading-Group-GOLD_30min



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MDunleavy
post Jan 10 2010, 10:01 PM
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2010 Currency Outlook: USD

After strong rallies in 2008 and early 2009, USD peaked in March. In order to combat the worst recession since the World War II, the Fed reduced the policy rate to an unprecedentedly low level and implemented a series of quantitative easing policies. The 'twin deficits' problem (current account and fiscal deficits) has put USD's status as the reserve currency at risks and triggered investors to dump the currency. Worries about the dollar's future as well as increase in risk appetite as global economic outlook recovered later in 2009 brought the greenback to extremely low levels.

Undervaluation: According Fed's measure, the trade-weighted USD index plummeted -13% against major currencies after making 2.5-year high in March. On annual basis, the gauge dropped -8%, the biggest loss since 2003. Despite modest recovery in December 2009, the dollar index continued hovering at historic lows.

ICE's US dollar index also showed a similar pattern. The valuation is about 1.5 standard deviations below its long-term average. From the viewpoint of mean-reversion, the dollar is poised for a strong rebound.

On a PPP basis, the dollar also looked undervalued when compared with major currencies. The table below shows the PPP values of 8 currencies which were used by Fed in composing the USD Major Currencies Index. Using closing price as of December 2009, USD is undervalued when compared with all 'major currencies'.

However, being cheap is not sufficient to make USD higher. The US needs to show promising economic growth to attract buying.[Written by actionforex]



BJF-Trading-Group-mixAEGN20100110.xls



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MDunleavy
post Jan 15 2010, 08:40 AM
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AUDUSD Outlook
The AUDUSD continued its bullish momentum yesterday. However, as you can see on h4 chart below, price seems to have a good resistance around 0.9325 area, which is a potential top at this phase, a good place to short targeting 0.9170 with a tight stop loss above 0.9325 area. Break above 0.9325 area should trigger a significant bullish momentum targeting 0.9404 area.[Written by actionforex]

"P&F AUDUSD1440 Box Size 125X3 or(4.74%) CLOSE
Data 0.9784 - 0.6033 ~ 21 Month ~ 648 Day
Database 461 records 0.9277 (Last Close)
2008-04-07 00~00
2010-01-15 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

0.9875|~125||________________________________________________________|-0.93%|63.68%
0.9750|~25O||______x_________________________________________________|0.35%|61.61%
0.9625|~375||__x___x_o_______________________________________________|1.63%|59.54%
0.9500|~5OO||__x_o_x_o_______________________________________________|2.9%|57.47%
0.9375|~625||__x_o_x_o_______________________________________________|4.18%|55.4%
0.9250|~75O||o===o===o=====================================x===x===x=|5.46%|53.32%
0.9125|~875||________o_____________________________________x_o_x_o_x_|6.74%|51.25%
0.9000|~1OOO|________o_____________________________________x_o_x_o_x_|8.01%|49.18%
0.8875|~1125|________o_____________________________________x_o___o_x_|9.29%|47.11%
0.8750|~125O|________o_____________________________________x_____o_x_|10.57%|45.04%
0.8625|~1375|________o_____________________________________x_____o___|11.85%|42.96%
0.8500|~15OO|________o_____________________________________x_________|13.12%|40.89%
0.8375|~1625|________o_x___________________________________x_________|14.4%|38.82%
0.8250|~175O|________o_x_o_________________________________x_________|15.68%|36.75%
0.8125|~1875|________o_x_o_____________________________x___x_________|16.96%|34.68%
0.8000|~2OOO|________o_x_o_____________________________x_o_x_________|18.23%|32.6%
0.7875|~2125|________o_x_o_____________________________x_o_x_________|19.51%|30.53%
0.7750|~225O|________o___o_____________________________x_o___________|20.79%|28.46%
0.7625|~2375|____________o_____________________________x_____________|22.07%|26.39%
0.7500|~25OO|____________o_____________________________x_____________|23.34%|24.32%
0.7375|~2625|____________o_____________________________x_____________|24.62%|22.24%
0.7250|~275O|____________o_________________________x___x_____________|25.9%|20.17%
0.7125|~2875|____________o_________________x_______x_o_x_____________|27.18%|18.1%
0.7000|~3OOO|____________o_x___x___________x_o_____x_o_x_____________|28.45%|16.03%
0.6875|~3125|____________o_x_o_x_o_x_______x_o_____x_o_______________|29.73%|13.96%
0.6750|~325O|____________o_x_o_x_o_x_o_____x_o_x___x_________________|31.01%|11.88%
0.6625|~3375|____________o_x_o_x_o_x_o_x___x_o_x_o_x_________________|32.29%|9.81%
0.6500|~35OO|____________o_x_o___o_x_o_x_o_x_o_x_o_x_________________|33.57%|7.74%
0.6375|~3625|____________o_______o_x_o_x_o_x_o_x_o_x_________________|34.84%|5.67%
0.6250|~375O|____________________o_x_o___o_x_o___o___________________|36.12%|3.6%
0.6125|~3875|____________________o_x_____o_x_________________________|37.4%|1.52%
0.6000|~4OOO|____________________o_______o___________________________|38.68%|-0.55%
Column|~4125|1_3_3_4_165_165_4_4_8_7_5_3_5_9_7_4_4_8_3_103_123_3_5_5_|
Count




BJF-Trading-Group_Excel_Chart



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MDunleavy
post Jan 16 2010, 11:44 AM
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The second week of the New Year did not offer much in terms of breakouts from the recent consolidation ranges. Fundamentals reflect a slow recovery and risk appetite also remained subdued this week after some initial rally. Let's take a look at some major currency pairs.
EUR/USD Stalking Consolidation
Daily and 4H: The EUR/USD is heading back to the support of its consolidation. The stochastic in the daily has crossed and today’s price action seems to be very aggressive, though we still have a few hours to go.
Looking at the 4H time-frame, it will be interesting to see if the 78.6% retracement level at 1.4330 can hold. This may give way to a throwback scenario, which does not have to reach 1.4450, but it is a preferred scenario as this will make this previous support into resistance.
If the decline then continues a swing, it is projected to the 1.4200 area. If 1.4200 breaks, this is the decline to start the continuation towards the 1.37-1.38 area (61.8% retracement in the daily time-frame).[Written by CMS Forex]

"P&F EURUSD1440 Box Size 75X3 or(1.6%) HI/LO
Data 1.5135 - 1.2924 ~ 9 Month ~ 275 Day
Database 1050 records 1.4387 (Last Close)
2009-04-15 00~00
2010-01-15 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

1.5150|~75|||____________________________|-0.1%|17.22%
1.5075|~15O||_______________________X_X__|0.4%|16.64%
1.5000|~225||_____________________X_XoXo_|0.89%|16.06%
1.4925|~3OO||_____________________XoXoXo_|1.39%|15.48%
1.4850|~375||_____________________XoXo_o_|1.88%|14.9%
1.4775|~45O||___________________X_XoX__o_|2.38%|14.32%
1.4700|~525||___________________XoXoX__o_|2.87%|13.74%
1.4625|~6OO||___________________XoXo___o_|3.37%|13.16%
1.4550|~675||===================Xo=====oX|3.87%|12.58%
1.4475|~75O||___________________X______oX|4.36%|12%
1.4400|~825||_______________X_X_X______oX|4.86%|11.42%
1.4325|~9OO||_______X_______XoXoX______oX|5.35%|10.84%
1.4250|~975||=======Xo====X=XoXoX======o=|5.85%|10.26%
1.4175|~1O5O|_______XoX_X_XoXoXo_________|6.34%|9.68%
1.4100|~1125|_______XoXoXoXoXo___________|6.84%|9.1%
1.4025|~12OO|_____X_XoXoXoXo_____________|7.33%|8.52%
1.3950|~1275|_____XoXoXoXoX______________|7.83%|7.94%
1.3875|~135O|_____XoXo_oXo_______________|8.33%|7.36%
1.3800|~1425|_____Xo___o_________________|8.82%|6.78%
1.3725|~15OO|_____X______________________|9.32%|6.2%
1.3650|~1575|___X_X______________________|9.81%|5.62%
1.3575|~165O|___XoX______________________|10.31%|5.04%
1.3500|~1725|___XoX______________________|10.8%|4.46%
1.3425|~18OO|___Xo_______________________|11.3%|3.88%
1.3350|~1875|___X________________________|11.79%|3.3%
1.3275|~195O|_X_X________________________|12.29%|2.72%
1.3200|~2O25|_XoX________________________|12.78%|2.14%
1.3125|~21OO|_XoX________________________|13.28%|1.56%
1.3050|~2175|oXoX________________________|13.78%|0.97%
1.2975|~225O|oXo_________________________|14.27%|0.39%
1.2900|~2325|o___________________________|14.77%|-0.19%
Column|||||||3549383764554535443836563314|
Count||||||||__________________________1_|




BJF-Trading-Group_Excel_Chart



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MDunleavy
post Jan 20 2010, 11:19 AM
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New trading strategy

Bought at 129.20, Target: 131.00, Stop: 128.65

Despite intra-day fall to 128.73, as the move from 134.37 is still viewed as retracement of the rise from 127.32, suggesting downside would be limited and bring another rebound later. Above 131.00 would signal low has possibly been formed but break of 131.52 (previous support turned resistance) is needed to confirm low has been formed, then stronger rebound to 132.40/50 and later towards 133.65.[Written by actionforex]



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MDunleavy
post Jan 21 2010, 10:56 AM
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EURAUD=EURUSD:AUDUSD
EURUSD continued its bearish momentum yesterday, bottomed at 1.4062 and closed at 1.4086.The bias remains to the downside targeting 1.4000 psychological level. Only and only if euro trades below these levels further bearishness till 1.38 could be seen. Immediate resistance is at 1.4120 levels. (EURUSD–1.4094) Neutral
The AUDUSD had a bearish momentum yesterday, bottomed at 0.9068 and closed at 0.9090 and it is currently trading at 0.9130 level.Immediate support near 0.8980 level (100Days Daily EMA) and Immediate resistance at 0.9160 (21 days EMA). Break above that resistance area should trigger further bullish .Buying close to .8900 levels is recommended.(AUDUSD-0.9130) Cautious Bullish [Written by India Forex]

"P&F EURAUD1440 Box Size 180X5 or(4.96%) CLOSE
Data 2.0838 - 1.5447 ~ 92 Month ~ 2808 Day
Database 2000 records 1.54465 (Last Close)
2002-05-15 00~00
2010-01-21 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

2.0700|~18O||____________________X_______X___|0.66%|34.01%
2.0520|~36O||____________________XoX_X___Xo__|1.53%|32.84%
2.0340|~54O||____________________XoXoXoX_Xo__|2.39%|31.68%
2.0160|~72O||____________________XoXoXoXoXoX_|3.25%|30.51%
1.9980|~9OO||____________________XoXoXoXoXoXo|4.12%|29.35%
1.9800|~1O8O|____________________XoXoXoXoXoXo|4.98%|28.18%
1.9620|~126O|____________________XoXoXoXoXoXo|5.85%|27.01%
1.9440|~144O|____________________Xo_oXoXoXoXo|6.71%|25.85%
1.9260|~162O|____________________X__oXoXo_oXo|7.57%|24.68%
1.9080|~18OO|____________________X__oXoX__oXo|8.44%|23.52%
1.8900|~198O|____________________X__o_oX__oXo|9.3%|22.35%
1.8720|~216O|====================X====oX==o=o|10.16%|21.19%
1.8540|~234O|X_X_________________X____o_____o|11.03%|20.02%
1.8360|~252O|XoXo________________X__________o|11.89%|18.86%
1.8180|~27OO|XoXo________________X__________o|12.76%|17.69%
1.8000|~288O|XoXo________________X__________o|13.62%|16.53%
1.7820|~3O6O|XoXo________________X__________o|14.48%|15.36%
1.7640|~324O|XoXo__X_____________X__________o|15.35%|14.2%
1.7460|~342O|Xo_oX_XoX___________X__________o|16.21%|13.03%
1.7280|~36OO|X__oXoXoXo__X_______X__________o|17.07%|11.87%
1.7100|~378O|X__oXoXoXo__Xo____X_X__________o|17.94%|10.7%
1.6920|~396O|X__oXoXoXo__Xo__X_XoX__________o|18.8%|9.54%
1.6740|~414O|X__oXoXoXo__XoX_XoXoX__________o|19.67%|8.37%
1.6560|~432O|X__o_oXo_o__XoXoXoXoX__________o|20.53%|7.21%
1.6380|~45OO|X____oX__oX_XoXoXoXoX__________o|21.39%|6.04%
1.6200|~468O|_____oX__oXoXoXoXoXoX__________o|22.26%|4.87%
1.6020|~486O|_____oX__oXoXoXoXoXo___________o|23.12%|3.71%
1.5840|~5O4O|_____oX__oXoXoXoXo_____________o|23.99%|2.54%
1.5660|~522O|_____o___oXoXoXoX______________o|24.85%|1.38%
1.5480|~54OO|=========o=o=o=o===============o|25.71%|0.21%
1.5300|~558O|_______________________________o|26.58%|-0.95%
Column|||||||16615116515511778676276991168182|
Count||||||||3__1_O1__1__OO______6____1O__1_7|




BJF-Trading-Group_Excel_Chart



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Nick'Otin
post Jan 22 2010, 10:51 PM
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Hi.Nice job.
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