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MDunleavy
Did Tuesday's mixed US data stop the dollar's plunge in its tracks,
or was it the more thematic risk appetite influence once again?
I think the answer is not nobody knows.
[The U.S. Dollar Index
MDunleavy
The U.S. Dollar Index
MDunleavy
The US Dollar looks to be forming a bottom against most major currencies. Although confirmation
is yet to be seen, accumulating evidence is hinting at a reversal of recent rallies in the
Euro, the British Pound as well as the Australian and New Zealand Dollars. [dailyfx]
========

Remind:The U.S. Dollar Index
MDunleavy
Daily Report: Dollar and Yen to Strengthen Further, Focus on Eurozone GDP and US ADP

(The U.S. Dollar Index
MDunleavy
At this point, intraday bias in GBP/USD remains mildly on the upside. As discussed before, a short term bottom is in place at 1.6111 with bullish convergence condition in 4 hours MACD. Hence further rise could still be seen. Nevertheless, upside should be limited below 1.6622 resistance and bring resumption of fall from 1.7043. Below 1.6235 will flip intraday bias back to the downside first and break of 1.6111 will target 1.5983 key support next.[actionforex]

P&F GBPUSD30 Box Size 30X3 or(0.54%) HI/LO
Data 1.7031 - 1.6118 ~ 1.5 Month ~ 43.48 Day
Database 1500 records 1.63481 (Last Close)
2009-07-22 05~00
2009-09-03 16~30
(GMT+01:00) Paris

BJF Trading Group

1.7040|~3O|||_________X_________________________|0.01%|5.75%
1.7040|~3O|||=========X=========================|0.01%|5.75%
1.7010|~6O|||_________XOXO______________________|0.19%|5.57%
1.6980|~9O|||_______X_XOXO______________________|0.36%|5.38%
1.6950|~12O||_______XOXO_O______________________|0.54%|5.19%
1.6920|~15O||_______XOX__O______________________|0.72%|5.01%
1.6890|~18O||_______XO___O______________________|0.89%|4.82%
1.6860|~21O||_______X____O______________________|1.07%|4.64%
1.6830|~24O||_______X____O______________________|1.24%|4.45%
1.6800|~27O||=======X====OX=====================|1.42%|4.26%
1.6770|~3OO||_______X____OXO____________________|1.6%|4.08%
1.6740|~33O||_______X____OXO____________________|1.77%|3.89%
1.6710|~36O||_______X____OXO____________________|1.95%|3.71%
1.6680|~39O||_______X____O_O____________________|2.12%|3.52%
1.6650|~42O||=======X======O==X=================|2.3%|3.33%
1.6620|~45O||_______X______O__XO______X_________|2.48%|3.15%
1.6590|~48O||_______X______O__XOX_X_X_XO________|2.65%|2.96%
1.6560|~51O||_X_____X______O__XOXOXOXOXO________|2.83%|2.77%
1.6530|~54O||_XOX___X______OX_XOXOXOXOXO________|3%|2.59%
1.6500|~57O||_XOXO__X______OXOXO_OXOXOXO________|3.18%|2.4%
1.6470|~6OO||_XOXO__X______OXOX__OXOXOXO________|3.36%|2.22%
1.6440|~63O||_XOXOX_X______OXO___OXOXO_OX_______|3.53%|2.03%
1.6410|~66O||=XO=OXOX======O=====OXOX==OXO====X=|3.71%|1.84%
1.6380|~69O||OX__OXOX____________OXO___OXOX___X_|3.88%|1.66%
1.6350|~72O||OX__O_O_____________OX____O_OXOX_X_|4.06%|1.47%
1.6320|~75O||O___________________OX______OXOXOX_|4.24%|1.28%
1.6290|~78O||____________________O_______OXOXOX_|4.41%|1.1%
1.6260|~81O||____________________________OXOXOX_|4.59%|0.91%
1.6230|~84O||____________________________OXOXOX_|4.76%|0.73%
1.6200|~87O||____________________________OXO_OX_|4.94%|0.54%
1.6170|~9OO||____________________________O___OX_|5.12%|0.35%
1.6140|~93O||================================O==|5.29%|0.17%
1.6110|~96O||___________________________________|5.47%|-0.02%
Column|~99O||3854633235321414375311775693976579_|
Count||||||||_______1____2_3_____OO_____________|
MDunleavy
USD/CAD once again fails below 1.1123 resistance and retreated. Break of 1.1004 minor support turns intraday outlook neutral again. On the downside, further break of 1.0870 minor support will flip intraday bias back to the downside for 1.0718 support. As noted before, break there will indicate that price actions from 1.0631 are merely consolidation in the larger decline, which is still in progress for another low below 1.0631 before completion. On the upside, break of 1.1123 resistance will confirm that whole rally from 1.0631 has resumed and affirm the case that USD/CAD has indeed bottomed out already. In such case, stronger rise should be seen to 1.1723 resistance next.[actionforex]

Trade Idea: Buy UsdCad

P&F USDCAD5 Box Size 10X3 or(0.27%) HI/LO
Data 1.1101 - 1.0791 ~ 0 Month ~ 7.27 Day
Database 1508 records 1.10269 (Last Close)
2009-08-28 00~50
2009-09-04 07~25
(GMT+01:00) Paris

BJF Trading Group

CODE
1.1110|~1O|||_________________________________|-0.08%|2.96%
1.1100|~2O|||=====================X===========|0.01%|2.86%
1.1090|~3O|||_______X_____________XoX_________|0.1%|2.77%
1.1080|~4O|||_______Xo____________XoXo________|0.19%|2.68%
1.1070|~5O|||_______Xo____________XoXoX_X_X___|0.28%|2.59%
1.1060|~6O|||_______Xo__________X_XoXoXoXoXo__|0.37%|2.49%
1.1050|~7O|||_______Xo________X_XoXo_oXoXoXoX_|0.46%|2.4%
1.1040|~8O|||_______Xo________XoXoX__oXoXo_oXo|0.55%|2.31%
1.1030|~9O|||_______Xo________XoXoX__o_oX__oXo|0.64%|2.21%
1.1020|~1OO||=======Xo========Xo=oX====oX==o=o|0.73%|2.12%
1.1010|~11O||_______XoX_______X__o_____oX_____|0.82%|2.03%
1.1000|~12O||_______XoXo______X________oX_____|0.91%|1.94%
1.0990|~13O||_______XoXo____X_X________oX_____|1%|1.84%
1.0980|~14O||_______Xo_o____XoX________oX_____|1.09%|1.75%
1.0970|~15O||=======X==oX=X=XoX========o======|1.18%|1.66%
1.0960|~16O||_______X__oXoXoXoX_______________|1.27%|1.57%
1.0950|~17O||_____X_X__oXoXoXoX_______________|1.36%|1.47%
1.0940|~18O||_____XoX__o_oXo_oX_______________|1.45%|1.38%
1.0930|~19O||___X_XoX____oX__oX_______________|1.54%|1.29%
1.0920|~2OO||___XoXoX____oX__oX_______________|1.63%|1.2%
1.0910|~21O||___XoXo_____oX__o________________|1.72%|1.1%
1.0900|~22O||___Xo_______oX___________________|1.81%|1.01%
1.0890|~23O||___X________oX___________________|1.9%|0.92%
1.0880|~24O||o==X========o====================|1.99%|0.82%
1.0870|~25O||o__X_____________________________|2.08%|0.73%
1.0860|~26O||o__X_____________________________|2.17%|0.64%
1.0850|~27O||oX_X_____________________________|2.26%|0.55%
1.0840|~28O||oXoX_____________________________|2.35%|0.45%
1.0830|~29O||oXoX_____________________________|2.44%|0.36%
1.0820|~3OO||oXoX_____________________________|2.53%|0.27%
1.0810|~31O||oXo______________________________|2.62%|0.18%
1.0800|~32O||o================================|2.71%|0.08%
1.0790|~33O||_________________________________|2.8%|-0.01%
Column|~34O||954135411373993581345954641133533|
Count|~35O|||___2___81________4________OO_____|


PDF
MDunleavy
Mid-Day Report: Dollar Soft after Making New Low

Dollar remains pressured after making new low against Euro, Yen and Aussie today. Economic data released from US provide little support to the greenback. Dollar index continue to hover around today's low of 76.20. Stocks open high on further rebound in commodities which saw the CRB index pressing 259 level. Gold remains firm after climbing to as high as 1023.3 earlier today. The Japanese yen also strengthened broadly after Hiroshia Fuji, the next finance chief in Japan, said today that he didn't support a "weaker yen". [actionforex]

P&F _DXY60 Box Size 16X3 or(0.61%) HI/LO
Data 80.95 - 76.15 ~ 3 Month ~ 91.25 Day
Database 1501 records 76.27 (Last Close)
2009-06-17 13~00
2009-09-16 19~00
(GMT+01:00) Paris
BJF Trading Group

80.96|~16|||___________________________________|-0.01%|6.32%
80.80|~32|||___XoX_____X_X_____________________|0.19%|6.11%
80.64|~48|||oX_XoXo____XoXo____________________|0.38%|5.9%
80.48|~64|||oXoXoXo____XoXoX___________________|0.58%|5.69%
80.32|~8O|||oXoXoXo__X_XoXoXo__________________|0.78%|5.48%
80.16|~96|||o_oXoXoX_XoXo_oXo__________________|0.98%|5.27%
80.00|~112||__o_oXoXoXoX__oXo__________________|1.17%|5.06%
79.84|~128||____oXoXoXoX__o_o__________________|1.37%|4.85%
79.68|~144||____o_o_oXoX____o__________________|1.57%|4.64%
79.52|~16O||________o_o_____o__X_______________|1.77%|4.43%
79.36|~176||________________o__XoX_X___________|1.96%|4.22%
79.20|~192||________________o__XoXoXo__________|2.16%|4.01%
79.04|~2O8||________________oX_XoXoXo__________|2.36%|3.8%
78.88|~224||________________oXoXoXoXo____X_____|2.56%|3.59%
78.72|~24O||________________oXoXoXoXoX___Xo____|2.75%|3.37%
78.56|~256||________________o_oXoXoXoXoX_XoX___|2.95%|3.16%
78.40|~272||__________________o_oXoXoXoXoXoXo__|3.15%|2.95%
78.24|~288||____________________oXo_oXoXoXoXo__|3.35%|2.74%
78.08|~3O4||____________________oX__oXoXo_o_o__|3.55%|2.53%
77.92|~32O||____________________oX__o_o_____o__|3.74%|2.32%
77.76|~336||____________________oX__________o__|3.94%|2.11%
77.60|~352||____________________oX__________o__|4.14%|1.9%
77.44|~368||____________________o___________o__|4.34%|1.69%
77.28|~384||________________________________o__|4.53%|1.48%
77.12|~4OO||________________________________o__|4.73%|1.27%
76.96|~416||________________________________oX_|4.93%|1.06%
76.80|~432||________________________________oXo|5.13%|0.85%
76.64|~448||________________________________oXo|5.32%|0.64%
76.48|~464||________________________________o_o|5.52%|0.43%
76.32|~48O||__________________________________o|5.72%|0.22%
76.16|~496||__________________________________o|5.92%|0.01%
76.00|~512||___________________________________|6.11%|-0.2%
Column||||||43458773455844641347117795543553135|
Count|||||||________________2___32__________3__|


MDunleavy
EUR/USD's break of 1.4640 minor support indicates that a short term top should be in place at 1.4765 on bearish divergence conditions in 4 hours MACD and RSI. Intraday bias remains mildly on the downside and further pull back should be seen towards 1.4500 support and possibly below. On the upside, above 1.4765 will indicate that pull back has completed and recent rally has resumed. Nevertheless, we'll continue to look for further loss of momentum and reversal signal as EUR/USD approaches 1.4867 key resistance level.[actionforex]

P&F EURUSD1440 Box Size 1450X3 or(3.14%) HI/LO
Data 1.6038 - 1.1639 ~ 69 Month ~ 2107 Day
Database 1500 records 1.46751 (Last Close)
2003-12-15 00~00
2009-09-21 00~00 (GMT+01:00) Paris
BJF Trading Group

1.6095|~145||_________________________________________|-0.36%|38.29%
1.5950|~29O||__________________X___X__________________|0.55%|37.04%
1.5805|~435||________________X_XoX_Xo_________________|1.45%|35.79%
1.5660|~58O||________________XoXoXoXo_________________|2.36%|34.55%
1.5515|~725||________________XoXoXoXo_________________|3.26%|33.3%
1.5370|~87O||________________Xo_o_o_o_________________|4.17%|32.06%
1.5225|~1O15|________________X______o_________________|5.07%|30.81%
1.5080|~116O|________________X______o_________________|5.97%|29.56%
1.4935|~13O5|____________X_X_X______o_________________|6.88%|28.32%
1.4790|~145O|____________XoXoX______oX________________|7.78%|27.07%
1.4645|~1595|============XoXoX======oXo======X=======X|8.69%|25.83%
1.4500|~174O|____________XoXo_______oXo______Xo______X|9.59%|24.58%
1.4355|~1885|____________Xo_________oXo______Xo______X|10.49%|23.34%
1.4210|~2O3O|____________X__________oXo______Xo____X_X|11.4%|22.09%
1.4065|~2175|____________X__________oXo______Xo____XoX|12.3%|20.84%
1.3920|~232O|____________X__________o_o______Xo____XoX|13.21%|19.6%
1.3775|~2465|____________X____________o______XoX___Xo_|14.11%|18.35%
1.3630|~261O|__X_________X____________o______XoXoX_X__|15.01%|17.11%
1.3485|~2755|__Xo________X____________o______XoXoXoX__|15.92%|15.86%
1.3340|~29OO|__XoX_____X_X____________o______Xo_oXoX__|16.82%|14.61%
1.3195|~3O45|__XoXo____XoX____________oX_____X__oXoX__|17.73%|13.37%
1.3050|~319O|__XoXo____XoX____________oXoX_X_X__oXoX__|18.63%|12.12%
1.2905|~3335|X_XoXo__X_Xo_____________oXoXoXoX__oXo___|19.53%|10.88%
1.2760|~348O|XoXo_o__XoX______________oXoXoXoX__oX____|20.44%|9.63%
1.2615|~3625|XoX__o__XoX______________oXo_oXo___oX____|21.34%|8.39%
1.2470|~377O|XoX__oX_Xo_______________o___o_____o_____|22.25%|7.14%
1.2325|~3915|_oX__oXoX________________________________|23.15%|5.89%
1.2180|~4O6O|_oX__oXoX________________________________|24.06%|4.65%
1.2035|~42O5|_oX__oXoX________________________________|24.96%|3.4%
1.1890|~435O|_o___o_oX________________________________|25.86%|2.16%
1.1745|~4495|_______o_________________________________|26.77%|0.91%
1.1600|~464O|_________________________________________|27.67%|-0.34%
Column|~4785|47164145836314439344334161543443193985936|
Count|~||||||__2__O______4__________4_6______4________|


MDunleavy
Outlook in GBP/JPY remains unchanged. Intraday bias remains on the downside with 151.16 minor resistance intact and further fall should be seen to 146.75 cluster support next (38.2% retracement of 118.81 to 163.05 at 146.15). Break there will confirm that a medium term top is formed at 163.05 and will bring deeper fall to 61.8% retracement at 135.70 next. On the upside, above 151.16 minor resistance will argue that some more consolidation could be seen before fall resumption. In such case, GBP/JPY might rebound to 153.22 and above but upside is still expected to be limited below 157.47 resistance.[actionforex]

P&F GBPJPY5 Box Size 12X4 or(0.32%) HI/LO
Data 151.718 - 148.038 ~ 0 Month ~ 6.23 Day
Database 1207 records 149.38 (Last Close)
2009-09-15 09~40
2009-09-21 15~10
(GMT+01:00) Paris
BJF Trading Group

151.68|~12|||__x_________________________________________________|0.03%|2.46%
151.56|~24|||__x_o_______________________________________________|0.1%|2.38%
151.44|~36|||__x_o_______________________________________________|0.18%|2.3%
151.32|~48|||__x_o_______________________________________________|0.26%|2.22%
151.20|~6O|||__x_o_______________________________________________|0.34%|2.14%
151.08|~72|||____o_________________________x___x_________________|0.42%|2.05%
150.96|~84|||____o_________________________x_o_x_o_______________|0.5%|1.97%
150.84|~96|||____o_________________________x_o_x_o_x_____________|0.58%|1.89%
150.72|~1O8||____o_________________________x_o_x_o_x_o___________|0.66%|1.81%
150.60|~12O||____o_x_______________________x_o_x_o_x_o___________|0.74%|1.73%
150.48|~132||____o_x_o_____________x___x___x_o___o_x_o___________|0.82%|1.65%
150.36|~144||____o_x_o_____________x_o_x_o_x_____o___o___________|0.9%|1.57%
150.24|~156||____o_x_o_x___________x_o_x_o_x_________o___________|0.97%|1.49%
150.12|~168||____o___o_x_o_________x_o_x_o_x_________o___________|1.05%|1.41%
150.00|~18O||________o_x_o_________x_o_x_o_x_________o___________|1.13%|1.33%
149.88|~192||________o_x_o_________x_o_x_o_x_________o___________|1.21%|1.24%
149.76|~2O4||________o_x_o_________x_o_x_o_x_________o___________|1.29%|1.16%
149.64|~216||________o_x_o_________x_o___o___________o___________|1.37%|1.08%
149.52|~228||________o___o_________x_________________o___________|1.45%|1%
149.40|~24O||============o=========x=================o=x=======x=|1.53%|0.92%
149.28|~252||____________o_____x___x_________________o_x_o_____x_|1.61%|0.84%
149.16|~264||____________o_x___x_o_x_________________o_x_o_____x_|1.69%|0.76%
149.04|~276||____________o_x_o_x_o_x_________________o_x_o_x___x_|1.77%|0.68%
148.92|~288||____________o_x_o_x_o_x_________________o_x_o_x_o_x_|1.84%|0.6%
148.80|~3OO||____________o_x_o_x_o___________________o_x_o_x_o_x_|1.92%|0.51%
148.68|~312||____________o___o_______________________o___o_x_o_x_|2%|0.43%
148.56|~324||____________________________________________o_x_o___|2.08%|0.35%
148.44|~336||____________________________________________o_x_____|2.16%|0.27%
148.32|~348||____________________________________________o_x_____|2.24%|0.19%
148.20|~36O||____________________________________________o_x_____|2.32%|0.11%
148.08|~372||____________________________________________o_______|2.4%|0.03%
147.96|~384||____________________________________________________|2.48%|-0.05%
Column|~396||0_5_134_9_6_134_4_5_4_147_7_7_125_5_6_4_186_118_4_7_|
Count



PDF
MDunleavy
GBP/JPY falls further to as low as 144.31 so far and at this point, intraday bias remains on the downside for deeper decline. The break of 146.75 support confirms a medium term reversal pattern and GBP/JPY should now be targeting 50% retracement of 118.81 to 163.05 at 140.93 next. On the upside, above 146.26 minor resistance will turn intraday outlook neutral and bring consolidation. But recovery should be limited below 150.35 resistance and bring fall resumption.[actionforex]

"P&F GBPJPY5 Box Size 20X3 or(0.41%) HI/LO
Data 150.354 - 144.325 ~ 0 Month ~ 7.25 Day
Database 1502 records 145.096 (Last Close)
2009-09-18 04~50
2009-09-25 10~55
(GMT+01:00) Paris
BJF Trading Group"

150.40|~2O|||______________________________|-0.03%|4.21%
150.20|~4O|||______________x_o_____________|0.1%|4.07%
150.00|~6O|||______________x_o_____________|0.24%|3.93%
149.80|~8O|||______________x_o_____________|0.37%|3.79%
149.60|~1OO||______________x_o_____________|0.5%|3.65%
149.40|~12O||o_x___x___x___x_o_____________|0.63%|3.52%
149.20|~14O||o_x_o_x_o_x_o_x_o_____________|0.77%|3.38%
149.00|~16O||o_x_o_x_o_x_o_x_o_____________|0.9%|3.24%
148.80|~18O||o_x_o_x_o_x_o_x_o_____________|1.03%|3.1%
148.60|~2OO||o___o_x_o___o_x_o_____________|1.17%|2.96%
148.40|~22O||____o_x_____o___o_____________|1.3%|2.82%
148.20|~24O||____o___________o_____________|1.43%|2.68%
148.00|~26O||________________o_____________|1.57%|2.55%
147.80|~28O||________________o_____________|1.7%|2.41%
147.60|~3OO||________________o_____________|1.83%|2.27%
147.40|~32O||________________o_____________|1.96%|2.13%
147.20|~34O||________________o_x___________|2.1%|1.99%
147.00|~36O||________________o_x_o_________|2.23%|1.85%
146.80|~38O||________________o_x_o_________|2.36%|1.71%
146.60|~4OO||________________o_x_o_________|2.5%|1.58%
146.40|~42O||________________o___o_________|2.63%|1.44%
146.20|~44O||____________________o_________|2.76%|1.3%
146.00|~46O||____________________o_________|2.9%|1.16%
145.80|~48O||____________________o_________|3.03%|1.02%
145.60|~5OO||____________________o_________|3.16%|0.88%
145.40|~52O||____________________o_____x___|3.29%|0.74%
145.20|~54O||____________________o_x___x_o_|3.43%|0.61%
145.00|~56O||____________________o_x_o_x_o_|3.56%|0.47%
144.80|~58O||____________________o_x_o_x_o_|3.69%|0.33%
144.60|~6OO||____________________o_x_o_x___|3.83%|0.19%
144.40|~62O||____________________o___o_____|3.96%|0.05%
144.20|~64O||______________________________|4.09%|-0.09%
Column|~66O||5_4_6_6_4_4_5_9_20_4_14_4_4_5_3_|
Count|~68O||5_4_6_6_4_4_5_9_20_4_14_4_4_5_3_|



PDF

MDunleavy
Crude oil inventory rose +2.8 mmb, compared with consensus of +2 mmb increase, to 338.4 mmb in the week ended September 29. The good thing is Cushing stock recorded significant drop of -1.5 mmb.

Situation in oil product stockpiles was better than previously anticipated. Gasoline inventory drew -1.66 mmb while distillate inventory gained only +0.32 mmb. Both readings beat market expectations.

WTI crude oil price changes little after the report, only edging slightly higher to 67.5 from 66.5 before the release. Investors probably need to gauge the implications of a higher crude build with lower distillate build.

Heating oil bounces to 1.71 while RBOB gasoline rises to 1.65 after the report.

Lack of positive response from investors was also driven by disappointing US employment data and Chicago PMI. ADP reported -254K decline in employment in September following a -277K drop in the prior month. The market had expected a decline of only -195K. Chicago PMI slid to 46.1 in September after reaching the expansionary territory of 50 a month ago.[oilngold]





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MDunleavy
Dollar Index Critical Area at 75.83

Daily chart trend: Long possibilities. Main price points: 75.83. Looking for: Wave V low

Prices on the dollar index chart were recently testing the upper resistance line of a trading channel, where a possible long break-out will confirm that wave V of a black C is done. However, this is not the case yet, and as such move into much deeper levels is still possible over the coming days, especially once the current 75.83 low is taken out. In this case, we will be looking for a new wave V target somewhere around 74.00 support zone.[actionforex]

"P&F _DXY60 Box Size 20X3 or(0.77%) CLOSE
Data 80.84 - 75.92 ~ 3 Month ~ 91.25 Day
Database 1500 records 76.4 (Last Close)
2009-07-08 01~00
2009-10-07 07~00
(GMT+01:00) Paris
BJF Trading Group"

80.80|~2O|||o_________________________________________________________|0.05%|6.43%
80.60|~4O|||o_________________________________________________________|0.3%|6.16%
80.40|~6O|||o_x_______________________________________________________|0.54%|5.9%
80.20|~8O|||o_x_o_____________________________________________________|0.79%|5.64%
80.00|~1OO||o_x_o_____________________________________________________|1.04%|5.37%
79.80|~12O||o___o_____________________________________________________|1.29%|5.11%
79.60|~14O||____o_____x_______________________________________________|1.53%|4.85%
79.40|~16O||____o_____x_o_____x_______________________________________|1.78%|4.58%
79.20|~18O||____o_____x_o_x___x_o_____________________________________|2.03%|4.32%
79.00|~2OO||____o_x___x_o_x_o_x_o_____________________________________|2.28%|4.06%
78.80|~22O||____o_x_o_x_o_x_o_x_o_x_______x___________________________|2.52%|3.79%
78.60|~24O||____o_x_o_x_o_x_o_x_o_x_o_____x_o_x_______________________|2.77%|3.53%
78.40|~26O||____o___o_x_o_x_o_x_o_x_o_x___x_o_x_o_____________________|3.02%|3.27%
78.20|~28O||________o___o_x_o___o_x_o_x_o_x_o_x_o_____________________|3.27%|3%
78.00|~3OO||____________o_x_____o_x_o_x_o_x_o___o_____________________|3.51%|2.74%
77.80|~32O||============o=x=====o===o===o=======o=====================|3.76%|2.48%
77.60|~34O||____________o_x_____________________o_____________________|4.01%|2.21%
77.40|~36O||____________o_______________________o_____________________|4.26%|1.95%
77.20|~38O||____________________________________o_____________x___x___|4.5%|1.69%
77.00|~4OO||____________________________________o_x___x___x___x_o_x_o_|4.75%|1.42%
76.80|~42O||____________________________________o_x_o_x_o_x_o_x_o_x_o_|5%|1.16%
76.60|~44O||____________________________________o_x_o_x_o_x_o_x_o_x_o_|5.24%|0.9%
76.40|~46O||____________________________________o___o_x_o_x_o___10__o_|5.49%|0.63%
76.20|~48O||________________________________________o_x_o_x_________o_|5.74%|0.37%
76.00|~5OO||========================================o===o=x=========o=|5.99%|0.11%
75.80|~52O||____________________________________________o_____________|6.23%|-0.16%
Column|~54O|6_3_103_4_7_119_5_6_8_5_5_3_3_5_4_3_113_5_5_6_6_3_4_4_4_6_|
Count
MDunleavy
Forex market volatility expectations have gained considerably through the past week
MDunleavy
"P&F _DXY 1 min Box Size 25X4 or(0.13%) CLOSE
Data 75.76 - 75.11 ~ 0 Month ~ 2.07 Day
Database 2093 records 75.38 (Last Close)
2009-10-19 08~33
2009-10-21 10~08
(GMT+01:00) Paris
BJF Trading Group chart"

75.75|~3||||==============================x===========|0.01%|0.85%
75.73|~6||||______________________________x_o_x_______|0.05%|0.82%
75.70|~9||||______________________________x_o_x_o_x___|0.08%|0.79%
75.68|~12|||______________________________x_o_x_o_x_o_|0.11%|0.75%
75.65|~15|||______________________________x_o_x_o_x_o_|0.15%|0.72%
75.63|~18|||__________x___________________x_o_x_o_x_o_|0.18%|0.69%
75.60|~21|||o_________x_o_________________x_o___o_x_o_|0.21%|0.65%
75.58|~24|||o_____x___x_o_________________x_____o_x_o_|0.24%|0.62%
75.55|~27|||o_____x_o_x_o_________________x_____o_x_o_|0.28%|0.59%
75.53|~3O|||o_____x_o_x_o_________________x_____o_x_o_|0.31%|0.55%
75.50|~33|||o_x___x_o_x_o_________________x_____o_x_o_|0.34%|0.52%
75.48|~36|||o=x=o=x=o===o=================x=====o===o=|0.38%|0.49%
75.45|~39|||o_x_o_x_____o_________________x_________o_|0.41%|0.45%
75.43|~42|||o_x_o_x_____o_________________x_________o_|0.44%|0.42%
75.40|~45|||o===o=======o=x===============x=========o=|0.48%|0.39%
75.38|~48|||____________o_x_o_x___________x_________o_|0.51%|0.35%
75.35|~51|||____________o_x_o_x_o_________x_________o_|0.54%|0.32%
75.33|~54|||____________o_x_o_x_o_________x_________o_|0.57%|0.29%
75.30|~57|||____________o_x_o_x_o_x_______x___________|0.61%|0.25%
75.28|~6O|||============o===o===o=x=o=x===x===========|0.64%|0.22%
75.25|~63|||____________________o_x_o_x_o_x___________|0.67%|0.19%
75.23|~66|||____________________o_x_o_x_o_x___________|0.71%|0.15%
75.20|~69|||____________________o_x_o_x_o_x___________|0.74%|0.12%
75.18|~72|||____________________o_x_o___o_x___________|0.77%|0.09%
75.15|~75|||____________________o_x_____o_x___________|0.81%|0.05%
75.13|~78|||____________________o_x_____o_____________|0.84%|0.02%
75.10|~81|||====================o=====================|0.87%|-0.01%
Column|~84||9_4_4_7_4_6_145_5_4_118_5_4_6_256_5_109_15|
Count




Excel_USD_Index.zip


"P&F _DXY1 Box Size 25X4 or(0.13%) CLOSE
Data 75.76 - 74.95 ~ 0 Month ~ 2.07 Day
Database 2106 records 74.99 (Last Close)
2009-10-19 18~01
2009-10-21 19~43
(GMT+01:00) Paris
BJF Trading Group"

75.78|~3||||________________________________________________|-0.02%|1.1%
75.75|~6||||________________x_______________________________|0.01%|1.07%
75.73|~9||||________________x_o_x___________________________|0.05%|1.03%
75.70|~12|||________________x_o_x_o_x_______________________|0.08%|1%
75.68|~15|||________________x_o_x_o_x_o_____________________|0.11%|0.97%
75.65|~18|||________________x_o_x_o_x_o_____________________|0.15%|0.93%
75.63|~21|||________________x_o_x_o_x_o_____________________|0.18%|0.9%
75.60|~24|||________________x_o___o_x_o_____________________|0.21%|0.87%
75.58|~27|||________________x_____o_x_o_____x_______________|0.24%|0.83%
75.55|~3O|||________________x_____o_x_o_____x_o_____________|0.28%|0.8%
75.53|~33|||________________x_____o_x_o_____x_o_____________|0.31%|0.77%
75.50|~36|||________________x_____o_x_o_x___x_o_____________|0.34%|0.73%
75.48|~39|||________________x_____o___o_x_o_x_o_____________|0.38%|0.7%
75.45|~42|||________________x_________o_x_o_x_o_____________|0.41%|0.67%
75.43|~45|||________________x_________o_x_o_x_o_____________|0.44%|0.63%
75.40|~48|||________________x_________o_x_o_x_o_____________|0.48%|0.6%
75.38|~51|||x_______________x_________o_x_o___o_____________|0.51%|0.57%
75.35|~54|||x_o_____________x_________o_x_____o_____________|0.54%|0.53%
75.33|~57|||x_o_____________x_________o_______o_____________|0.57%|0.5%
75.30|~6O|||x_o_x___________x_________________o_____________|0.61%|0.47%
75.28|~63|||__o_x_o_x_______x_________________o_____________|0.64%|0.43%
75.25|~66|||__o_x_o_x_o_____x_________________o_____________|0.67%|0.4%
75.23|~69|||__o_x_o_x_o_x___x_________________o_x___________|0.71%|0.37%
75.20|~72|||__o_x_o_x_o_x_o_x_________________o_x_o_________|0.74%|0.33%
75.18|~75|||__o_x_o___o_x_o_x_________________o_x_o_x_______|0.77%|0.3%
75.15|~78|||__o_x_____o_x_o_x_________________o_x_o_x_o_x___|0.81%|0.27%
75.13|~81|||__o_x_____o___o___________________o___o_x_o_x_o_|0.84%|0.23%
75.10|~84|||__o___________________________________o_x_o_x_o_|0.87%|0.2%
75.08|~87|||______________________________________o_x_o_x_o_|0.9%|0.17%
75.05|~9O|||======================================o===o===o=|0.94%|0.13%
75.03|~93|||______________________________________________o_|0.97%|0.1%
75.00|~96|||______________________________________________o_|1%|0.07%
74.98|~99|||______________________________________________o_|1.04%|0.03%
74.95|~1O2||______________________________________________o_|1.07%|0%
Column||||||4_1185_4_6_4_4_256_5_109_15_7_5_8_184_7_5_5_4_8_|
Count
MDunleavy
As noted before, while further rise to 100% projection of 1.4177 to 1.4842 from 1.4483 at
1.5148 cannot be ruled out, upside would likely be limited there and bring pull back. Below
1.4884 minor support will indicate that a short term top should at least be formed with bearish
divergence conditions in 4 hours MACD and RSI. Deeper decline should be seen to 1.4483 support
in this case.

In the bigger picture, the strong break of 1.4867 resistance argues that whole fall from 1.6039
has completed at 1.2329 already and rise from there is still in progress. At this point, there
is no sign of topping yet and the current rally could extend further for retesting 1.6039 high.
Nevertheless, as we're not seeing a clear impulsive structure in the current rally, we'd expect
upside to be limited there and bring another medium term fall to continue the wide range
consolidation from from 1.6039. On the downside, break of 1.4483 support will be the first sign
that rise from 1.2456 has completed. Further break of 1.3747 support will confirm and turn
focus back to 1.2329/2456 support zone.[actionforex]

"P&F EURUSD1440 Box Size 150X3 or(3.25%) HI/LO
Data 1.6038 - 1.1639 ~ 48 Month ~ 1477 Day
Database 1050 records 1.50189 (Last Close)
2005-10-07 00~00
2009-10-23 00~00
(GMT+01:00) Paris
BJF Trading Group"

1.6050|~15O||____________________________________________________________|-0.07%|37.9%
1.5900|~3OO||__________________x___x___x_________________________________|0.86%|36.61%
1.5750|~45O||__________________x_o_x_o_x_o_______________________________|1.8%|35.32%
1.5600|~6OO||__________________x_o_x_o_x_o_______________________________|2.73%|34.03%
1.5450|~75O||__________________x_o___o_x_o_______________________________|3.67%|32.74%
1.5300|~9OO||__________________x_____o___o_______________________________|4.6%|31.45%
1.5150|~1O5O|__________________x_________o_______________________________|5.54%|30.17%
1.5000|~12OO|__________________x_________o_____________________________x_|6.47%|28.88%
1.4850|~135O|==========x===x===x=========o=x===========================x=|7.41%|27.59%
1.4700|~15OO|__________x_o_x_o_x_________o_x_o_____________x___________x_|8.34%|26.3%
1.4550|~165O|__________x_o_x_o_x_________o_x_o_____________x_o_________x_|9.28%|25.01%
1.4400|~18OO|__________x_o___o___________o_x_o_____________x_o_________x_|10.21%|23.72%
1.4250|~195O|__________x_________________o_x_o_____________x_o_____x___x_|11.15%|22.43%
1.4100|~21OO|__________x_________________o_x_o_____________x_o_____x_o_x_|12.08%|21.14%
1.3950|~225O|__________x_________________o___o_____________x_o_____x_o_x_|13.02%|19.86%
1.3800|~24OO|__________x_____________________o_____________x_o_____x_o___|13.95%|18.57%
1.3650|~255O|__________x_____________________o_____________x_o_x___x_____|14.89%|17.28%
1.3500|~27OO|__________x_____________________o_____________x_o_x_o_x_____|15.82%|15.99%
1.3350|~285O|______x___x_____________________o_____________x_o_x_o_x_____|16.76%|14.7%
1.3200|~3OOO|______x_o_x_____________________o_x___________x_o_x_o_x_____|17.7%|13.41%
1.3050|~315O|______x_o_x_____________________o_x_o_x___x___x_o_x_o_x_____|18.63%|12.12%
1.2900|~33OO|______x_o_______________________o_x_o_x_o_x_o_x_o_x_o_______|19.57%|10.83%
1.2750|~345O|______x_________________________o_x_o_x_o_x_o_x_o_x_________|20.5%|9.55%
1.2600|~36OO|______x_________________________o_x_o___o_x_o___o___________|21.44%|8.26%
1.2450|~375O|______x_________________________o_______o___________________|22.37%|6.97%
1.2300|~39OO|__x___x_____________________________________________________|23.31%|5.68%
1.2150|~4O5O|__x_o_x_____________________________________________________|24.24%|4.39%
1.2000|~42OO|o_x_o_x_____________________________________________________|25.18%|3.1%
1.1850|~435O|o_x_o_______________________________________________________|26.11%|1.81%
1.1700|~45OO|o___________________________________________________________|27.05%|0.52%
1.1550|~465O|____________________________________________________________|27.98%|-0.76%
Column|~48OO|3_4_3_103_133_3_3_103_3_4_4_136_165_4_3_4_4_3_14147_5_9_3_8_|
Count




Excel_EurUsd_091023.zip

MDunleavy
Since April, the value of the U.S. dollar (USD) has steadily lost value against the Japanese yen (JPY). Across the Asia Pacific, the USD/JPY cross rate remains a key barometer of a two-way play of global economic fundamentals and risk aversion.

This barometer has experienced many high and low points in the last 26 months. In June 2007, the USD/JPY traded a five-year high of 124.16 to the USD. As far as the fundamentals were concerned, that five-year high was more about a weaker yen, than a stronger U.S. dollar. Over these 26 months, through better and worse, USD/JPY has declined as the yen has appreciated 25 percent against the U.S. dollar.

This 25 percent decline in USD/JPY is illustrated in Chart 1, with the initial change of trend signal appearing soon after the USD/JPY five-year high in June 2007. The red line over the price bars illustrate the MACD predictor (referred to as DiNapoliMP or
MDunleavy
Current development argues that a short term top is at least formed at 1123.4, with mild bearish divergence condition in 4 hours MACD, after Gold hits upper channel resistance. Intraday bias is now mildly on the downside for 4 hours 55 EMA (now at 1095.4 first. Sustained trading below will target a test on the lower channel support (now at 1053.2). On the upside, however, above 1123.4 again will indicate that recent rally is still in progress for 61.8% projection of 681 to 1007.7 from 931.3 at 1133.2.

In the bigger picture, the long term up trend in Gold is still in progress. Rise from 681 would likely develop into another 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 expected to extend to 61.8% projection of 681 to 1007.7 from 931.3 at 1133.2 first and then 100% projection at 1258 next. On the downside, break of 1026.9 support will suggest that a top is formed and bring consolidation. But we'll hold on to the bullish view as long as 931.3 key support holds.[oilngold]

"P&F GOLD30 Box Size500X3 or(1.42%) HI/LO
Data 1122.7 - 984.99 ~ 2 Month ~ 58.6 Day
Database 2028 records 1118.29 (Last Close)
2009-09-16 08~00
2009-11-13 22~30
(GMT+01:00) Paris
BJF Trading Group chart"

1120.00|~5OO||________________________________x_______|0.24%|13.71%
1115.00|~1OOO|____________________________x_o_x_o_x_o_|0.69%|13.2%
1110.00|~15OO|____________________________x___x_o_x___|1.13%|12.69%
1105.00|~2OOO|____________________________x_____o_____|1.58%|12.18%
1100.00|~25OO|____________________________x___________|2.02%|11.68%
1095.00|~3OOO|____________________________x___________|2.47%|11.17%
1090.00|~35OO|____________________________x___________|2.91%|10.66%
1085.00|~4OOO|____________________________x___________|3.36%|10.15%
1080.00|~45OO|____________________________x___________|3.8%|9.65%
1075.00|~5OOO|____________________________x___________|4.25%|9.14%
1070.00|~55OO|________________x___________x___________|4.69%|8.63%
1065.00|~6OOO|________________x_o_x___x___x___________|5.14%|8.12%
1060.00|~65OO|____________x___x_o_x_o_x_o_x___________|5.58%|7.62%
1055.00|~7OOO|____________x_o_x_o_x_o_x_o_x___________|6.03%|7.11%
1050.00|~75OO|____________x_o_x_o_x_o___o_x___________|6.48%|6.6%
1045.00|~8OOO|____________x_o___o_______o_x___________|6.92%|6.09%
1040.00|~85OO|____________x_____________o_x___________|7.37%|5.58%
1035.00|~9OOO|____________x_____________o_x___________|7.81%|5.08%
1030.00|~95OO|____________x_____________o_____________|8.26%|4.57%
1025.00|~1OOO|____________x___________________________|8.7%|4.06%
1020.00|~1O5O|x___________x___________________________|9.15%|3.55%
1015.00|~11OO|x_o_x_______x___________________________|9.59%|3.05%
1010.00|~115O|x_o_x_o_____x___________________________|10.04%|2.54%
1005.00|~12OO|__o_x_o_x___x___________________________|10.48%|2.03%
1000.00|~125O|__o___o_x_o_x___________________________|10.93%|1.52%
995.00|~13OO||______o_x_o_x___________________________|11.37%|1.02%
990.00|~135O||______o_x_o_____________________________|11.82%|0.51%
985.00|~14OO||______o_________________________________|12.27%|0%
980.00|~145O||________________________________________|12.71%|-0.51%
Column|~15OO||3_4_3_6_4_3_143_5_5_4_3_3_7_171_3_3_2_1_|
Count

=============================

MDunleavy
The estimated test of key resistance range levels has been confirmed, but relative rise in buying activity, marked by OsMA trend indicator, did not favor immediate implementation of the pre-planned short positions. Nevertheless, in the bigger picture, considering close parity of both party activity while rate is contained within the borders of Ichimoku cloud, we can assume probability of rate range movement with attainment of close border of the cloud at 1,4980/1,5000 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,4920/40 and (or) further break-out variant up to 1,4860/80, 1,4800/20. The alternative for buyers will be above 1,5080 with the targets of 1,5120/40, 1,5180/1,5200, 1,5240/60.[actionforex]

"P&F EURUSD1440 Box Size 150X3 or(3.25%) HI/LO
Data 1.6038 - 1.1639 ~ 49 Month ~ 1477 Day
Database 1050 records 1.4974 (Last Close)
2005-10-31 00~00
2009-11-16 00~00 (GMT+01:00) Paris
BJF Trading Group chart"

1.6050|~15O||_____________________________|-0.07%|37.9%
1.5900|~3OO||________X_X_X________________|0.86%|36.61%
1.5750|~45O||________XoXoXo_______________|1.8%|35.32%
1.5600|~6OO||________XoXoXo_______________|2.73%|34.03%
1.5450|~75O||________Xo_oXo_______________|3.67%|32.74%
1.5300|~9OO||________X__o_o_______________|4.6%|31.45%
1.5150|~1O5O|________X____o_______________|5.54%|30.17%
1.5000|~12OO|________X____o______________X|6.47%|28.88%
1.4850|~135O|____X_X_X____oX_____________X|7.41%|27.59%
1.4700|~15OO|____XoXoX____oXo______X_____X|8.34%|26.3%
1.4550|~165O|____XoXoX____oXo______Xo____X|9.28%|25.01%
1.4400|~18OO|____Xo_o_____oXo______Xo____X|10.21%|23.72%
1.4250|~195O|____X________oXo______Xo__X_X|11.15%|22.43%
1.4100|~21OO|____X________oXo______Xo__XoX|12.08%|21.14%
1.3950|~225O|____X________o_o______Xo__XoX|13.02%|19.86%
1.3800|~24OO|____X__________o______Xo__Xo_|13.95%|18.57%
1.3650|~255O|____X__________o______XoX_X__|14.89%|17.28%
1.3500|~27OO|____X__________o______XoXoX__|15.82%|15.99%
1.3350|~285O|__X_X__________o______XoXoX__|16.76%|14.7%
1.3200|~3OOO|__XoX__________oX_____XoXoX__|17.7%|13.41%
1.3050|~315O|__XoX__________oXoX_X_XoXoX__|18.63%|12.12%
1.2900|~33OO|__Xo___________oXoXoXoXoXo___|19.57%|10.83%
1.2750|~345O|__X____________oXoXoXoXoX____|20.5%|9.55%
1.2600|~36OO|__X____________oXo_oXo_o_____|21.44%|8.26%
1.2450|~375O|__X____________o___o_________|22.37%|6.97%
1.2300|~39OO|X_X__________________________|23.31%|5.68%
1.2150|~4O5O|XoX__________________________|24.24%|4.39%
1.2000|~42OO|XoX__________________________|25.18%|3.1%
1.1850|~435O|Xo___________________________|26.11%|1.81%
1.1700|~45OO|_____________________________|27.05%|0.52%
1.1550|~465O|_____________________________|27.98%|-0.76%
Column|~48OO|43131333133441615434431175938|
Count|~495O||__O_3___O____3_6______44_____|





BJF-Trading-Group-091116_eurusd4H.xls
MDunleavy
Dollar index's break of 75.76 resistance last week indicates that fall from 76.82 has completed and serves as the first indication that it has bottomed out. Focus is now on 76.82 resistance and a firm break there will affirm the bullish case by completing a double bottom reversal pattern (74.94, 74.68). Note again that such development will indicate that medium term fall from 89.62 has completed the five wave sequence already and will pave the way for strong rebound to 78.33/81.47 resistance zone at least. However, there is not confirmation of the bullish case yet. In particular, note that price actions in EUR/USD and USD/CHF are not convincingly supporting the case of reversal yet. Meanwhile, dollar index is now still limited well below 76.82. It's believed that developments in gold and US stocks will be crucial to whether dollar can finally reverse and stage a noticeable rebound.[actionforex]

"P&F _DY1440 Box Size 100X3 or(3.53%) HI/LO
Data 99.49 - 70.7 ~ 75 Month ~ 2290 Day
Database 1620 records 75.6 (Last Close)
2003-08-14 00~00
2009-11-20 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

99.00|~1OO||x___________________________________________________|0.49%|40.03%
98.00|~2OO||x_o_________________________________________________|1.5%|38.61%
97.00|~3OO||__o_________________________________________________|2.5%|37.2%
96.00|~4OO||__o_________________________________________________|3.51%|35.79%
95.00|~5OO||__o_________________________________________________|4.51%|34.37%
94.00|~6OO||__o_________________________________________________|5.52%|32.96%
93.00|~7OO||__o_________________________________________________|6.52%|31.54%
92.00|~8OO||__o_____x___________x_______________________________|7.53%|30.13%
91.00|~9OO||__o_____x_o_________x_o_x___________________________|8.53%|28.71%
90.00|~1OOO|__o_____x_o_____x___x_o_x_o_________________________|9.54%|27.3%
89.00|~11OO|__o_____x_o_____x_o_x_o_x_o_________________x_______|10.54%|25.88%
88.00|~12OO|__o_x___x_o_____x_o_x_o___o_____________x___x_o_____|11.55%|24.47%
87.00|~13OO|__o_x_o_x_o_____x_o_x_____o_x_______x___x_o_x_o_____|12.55%|23.06%
86.00|~14OO|__o_x_o_x_o_____x_o_______o_x_o_____x_o_x_o_x_o_x___|13.56%|21.64%
85.00|~15OO|==o===o===o=x===x=========o=x=o=====x=o=x=o=x=o=x=o=|14.56%|20.23%
84.00|~16OO|__________o_x_o_x_________o___o_____x_o___o_x_o_x_o_|15.57%|18.81%
83.00|~17OO|__________o_x_o_x_____________o_____x_____o_x_o___o_|16.57%|17.4%
82.00|~18OO|__________o_x_o_______________o_____x_____o_x_____o_|17.58%|15.98%
81.00|~19OO|__________o___________________o_____x_____o_x_____o_|18.58%|14.57%
80.00|~2OOO|______________________________o_x___x_____o_x_____o_|19.59%|13.15%
79.00|~21OO|______________________________o_x_o_x_____o_x_____o_|20.6%|11.74%
78.00|~22OO|______________________________o_x_o_x_____o_______o_|21.6%|10.33%
77.00|~23OO|______________________________o_x_o_x_____________o_|22.61%|8.91%
76.00|~24OO|______________________________o_x_o_______________o_|23.61%|7.5%
75.00|~25OO|==============================o=x=================o=|24.62%|6.08%
74.00|~26OO|______________________________o_x___________________|25.62%|4.67%
73.00|~27OO|______________________________o_x___________________|26.63%|3.25%
72.00|~28OO|______________________________o_x___________________|27.63%|1.84%
71.00|~29OO|______________________________o_____________________|28.64%|0.42%
70.00|~3OOO|____________________________________________________|29.64%|-0.99%
Column||||||2_143_3_7_114_3_8_4_6_4_3_7_3_169_4_113_4_10116_3_11|
Count





BJF-Trading-Group-091121_dxyMix.xls
MDunleavy
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
MDunleavy
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
Jeminy Rider
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.
Steven Jack
Really, you are giving a good information. I have getting some good tips and ideas.
MDunleavy
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
MDunleavy
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
MDunleavy
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
MDunleavy
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
MDunleavy
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
MDunleavy
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
MDunleavy
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
MDunleavy
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
MDunleavy

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
MDunleavy
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
MDunleavy
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
MDunleavy
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
MDunleavy
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
MDunleavy
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
MDunleavy
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]



BJF-Trading-Group_Excel_Chart
MDunleavy
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
Nick'Otin
Hi.Nice job.
MDunleavy
GBP/USD: Eyes Range Support at 1.57 - Throwback Offers More Bearish Confirmation

4H: The GBP/USD was showing strong reversal signals, yesterday breaking below 1.62. In the Asian session and early European session, the market had a throwback from 1.6130 to 1.6270 before a heavy drop leading into the US session.

The throwback confirms bearish mode, but we may end the week seeing support at the the channel support level near 1.6050. The stochastic might develop a bullish divergence if this area holds. The market is also at the 61.8%-78.6% retracement zone.

Daily: The daily shows three consecutive sessions of strong bearish action. It looks poised to continue next week.

With this in mind, looking back at the 4H chart, a rally from the 1.6050 level should be expected as a correction rally. The bearish projection in the short/intermediate term is still the 1.57-1.58 area.[Written by CMS Forex]

"P&F GBPUSD1440 Box Size 240X4 or(5.51%) CLOSE
Data 2.1065 - 1.3771 ~ 92 Month ~ 2797 Day
Database 2000 records 1.61112 (Last Close)
2002-05-27 00~00
2010-01-22 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

2.1120|~24O||____________________________________________________|-0.26%|53.37%
2.0880|~48O||________________________x___________________________|0.88%|51.62%
2.0640|~72O||________________________x_o_________________________|2.02%|49.88%
2.0400|~96O||________________________x_o_________________________|3.16%|48.14%
2.0160|~12OO|________________________x_o_x_______________________|4.3%|46.39%
1.9920|~144O|________________________x_o_x_o_____________________|5.44%|44.65%
1.9680|~168O|________________________x_o_x_o_____________________|6.57%|42.91%
1.9440|~192O|________________x_______x_o_x_o_____________________|7.71%|41.17%
1.9200|~216O|________________x_o_____x_o___o_____________________|8.85%|39.42%
1.8960|~24OO|________x_______x_o_____x_____o_____________________|9.99%|37.68%
1.8720|~264O|________x_o_x___x_o_____x_____o_____________________|11.13%|35.94%
1.8480|~288O|________x_o_x_o_x_o_____x_____o_x___________________|12.27%|34.2%
1.8240|~312O|________x_o_x_o_x_o_x___x_____o_x_o_________________|13.41%|32.45%
1.8000|~336O|________x_o_x_o_x_o_x_o_x_____o_x_o_________________|14.55%|30.71%
1.7760|~36OO|________x_o_x_o_x_o_x_o_x_____o_x_o_________________|15.69%|28.97%
1.7520|~384O|________x_o___o___o_x_o_x_____o_x_o_________________|16.83%|27.22%
1.7280|~4O8O|________x_________o___o_x_____o___o_________________|17.97%|25.48%
1.7040|~432O|________x_____________o___________o_________________|19.11%|23.74%
1.6800|~456O|====x===x=========================o=========x===x===|20.25%|22%
1.6560|~48OO|____x_o_x_________________________o_________x_o_x_o_|21.39%|20.25%
1.6320|~5O4O|x___x_o_x_________________________o_x_______x_o_x_o_|22.53%|18.51%
1.6080|~528O|x_o_x_o_x_________________________o_x_o_____x_o_x_o_|23.66%|16.77%
1.5840|~552O|x=o=x=o=x=========================o=x=o=====x=o=x=o=|24.8%|15.02%
1.5600|~576O|x_o_x_o___________________________o_x_o_____x_o_____|25.94%|13.28%
1.5360|~6OOO|x_o_______________________________o___o_____x_______|27.08%|11.54%
1.5120|~624O|x_____________________________________o_____x_______|28.22%|9.8%
1.4880|~648O|x_____________________________________o_x___x_______|29.36%|8.05%
1.4640|~672O|x_____________________________________o_x_o_x_______|30.5%|6.31%
1.4400|~696O|______________________________________o_x_o_x_______|31.64%|4.57%
1.4160|~72OO|______________________________________o_x_o_x_______|32.78%|2.82%
1.3920|~744O|______________________________________o_x_o_x_______|33.92%|1.08%
1.3680|~768O|______________________________________o___o_________|35.06%|-0.66%
Column|~792O|8_4_6_5_146_5_5_8_9_4_5_167_4_125_134_115_5_135_5_4_|
Count




BJF-Trading-Group_Excel_Chart
MDunleavy
USD/JPY closed higher due to loss taking on Monday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends last week's decline, the reaction low crossing is the next downside target. Closes above last Wednesday's high crossing would temper the near-term friendly outlook.[Written by HY Markets]

"P&F USDJPY1440 Box Size 130X4 or(4.93%) HI/LO
Data 125.94 - 84.819 ~ 92 Month ~ 2800 Day
Database 2000 records 90.285 (Last Close)
2002-05-28 00~00
2010-01-26 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

126.10|~13O||________________________________|-0.13%|48.67%
124.80|~26O||oXoX____________________________|0.91%|47.14%
123.50|~39O||oXoXo________X__________________|1.94%|45.6%
122.20|~52O||oXoXo________Xo_________________|2.97%|44.07%
120.90|~65O||oXoXo____X_X_Xo_________________|4%|42.54%
119.60|~78O||oXo_o____XoXoXo_________________|5.03%|41.01%
118.30|~91O||oX__o____XoXoXo_________________|6.07%|39.47%
117.00|~1O4O|oX__o____XoXoXoX________________|7.1%|37.94%
115.70|~117O|o___o____XoXo_oXo_______________|8.13%|36.41%
114.40|~13OO|____o__X_XoX__oXoX______________|9.16%|34.88%
113.10|~143O|____o__XoXoX__oXoXo_____________|10.2%|33.34%
111.80|~156O|____oX_XoXoX__o_oXo_____________|11.23%|31.81%
110.50|~169O|____oXoXoXoX____oXoX____________|12.26%|30.28%
109.20|~182O|____oXoXoXo_____oXoXo___________|13.29%|28.74%
107.90|~195O|____oXoXoX______o_oXo___________|14.32%|27.21%
106.60|~2O8O|____oXoXoX________oXo___________|15.36%|25.68%
105.30|~221O|____o_oXoX________oXo___________|16.39%|24.15%
104.00|~234O|______o_oX________oXo___________|17.42%|22.61%
102.70|~247O|________o_________oXo___________|18.45%|21.08%
101.40|~26OO|__________________oXo______X____|19.49%|19.55%
100.10|~273O|__________________oXoX_____Xo___|20.52%|18.02%
98.80|~286O||__________________oXoXo__X_Xo___|21.55%|16.48%
97.50|~299O||__________________oXoXo__XoXoX__|22.58%|14.95%
96.20|~312O||__________________o_oXo__XoXoXo_|23.61%|13.42%
94.90|~325O||____________________oXo__XoXoXo_|24.65%|11.89%
93.60|~338O||====================oXoX=Xo=oXoX|25.68%|10.35%
92.30|~351O||____________________oXoXoX__o_oX|26.71%|8.82%
91.00|~364O||____________________o_oXoX____oX|27.74%|7.29%
89.70|~377O||______________________oXoX____oX|28.78%|5.75%
88.40|~39OO||______________________o_o_____oX|29.81%|4.22%
87.10|~4O3O||______________________________oX|30.84%|2.69%
85.80|~416O||==============================o=|31.87%|1.16%
84.50|~429O||________________________________|32.9%|-0.38%
Column|~442O|87541568919946947511179448467496|
Count||||||||____5____4________415___________|




BJF-Trading-Group_Excel_Chart
MDunleavy
Prices on the dollar index reached new highs in the past week, after a break through the 78.45 region. Currently, we are looking for the final moves of a red wave I/A leg, which is an impulse wave. Once an impulse wave I/A finds its highs around 79.50 region, traders should look for a corrective wave II/B reversal, before an up-trend will be able to continue.[Written by TheLFB-Forex.com]

"P&F _DXY15 Box Size 9X3 or(0.35%) CLOSE
Data 78.79 - 76.63 ~ 1 Month ~ 35.69 Day
Database 2060 records 78.58 (Last Close)
2009-12-22 16~45
2010-01-27 09~15
(GMT+01:00) Paris
BJF Trading Group chart"

78.75|~9||||_______________________________X________|0.05%|2.77%
78.66|~18|||_______________________________Xo_______|0.16%|2.65%
78.57|~27|||_______________________________Xo____X_X|0.28%|2.53%
78.48|~36|||_______________________________Xo____XoX|0.39%|2.41%
78.39|~45|||o______________________________XoX___XoX|0.51%|2.3%
78.30|~54|||o______________________________XoXoX_Xo_|0.62%|2.18%
78.21|~63|||o______________________________XoXoXoX__|0.74%|2.06%
78.12|~72|||o____X_X_______X_______________XoXoXoX__|0.85%|1.94%
78.03|~81|||o__X_XoXo____X_Xo______________Xo_o_o___|0.96%|1.83%
77.94|~9O|||o__XoXo1o____XoXo______________X________|1.08%|1.71%
77.85|~99|||o__XoXoXo__X_XoXoX_____________X________|1.19%|1.59%
77.76|~1O8||oX_Xo_oXo__XoXo_oXo____________X________|1.31%|1.47%
77.67|~117||oXoX__oXo__XoX__oXo____________X________|1.42%|1.36%
77.58|~126||oXoX__oXo__XoX__oXo____________X________|1.54%|1.24%
77.49|~135||o_oX__oXoX_XoX__o_o____________X________|1.65%|1.12%
77.40|~144||__oX__o_oXoXoX____o____________X________|1.76%|1%
77.31|~153||__o_____oXoXo_____o__________X_X________|1.88%|0.89%
77.22|~162||________oXo_______o__X_______XoX________|1.99%|0.77%
77.13|~171||________oX________o__XoX_____XoX________|2.11%|0.65%
77.04|~18O||________o_________oX_XoXo____XoX________|2.22%|0.54%
76.95|~189||__________________oXoXoXoX_X_XoX________|2.34%|0.42%
76.86|~198||__________________oXoXoXoXoXoXo_________|2.45%|0.3%
76.77|~2O7||__________________o_o_o_oXoXoX__________|2.56%|0.18%
76.68|~216||________________________oXo_o___________|2.68%|0.07%
76.59|~225||________________________o_______________|2.79%|-0.05%
Column||||||1358348815376834741335546433375284433633|
Count|||||||1_______2_________2____________1________|
Nick'Otin
Hi.Nice job.
MDunleavy
Daily: The USD/CAD continues to climb in this recent environment of risk aversion and news of China's tightening of regulations which subdued any strength in commodities and thus commodity currencies such as the CAD, AUD, and NZD.

The daily time-frame shows the market struggling to reach the previous top at 1.075. The 1.07 is holding as resistance so far in three attemps this week.

The market may be starting a bullish run in the USD/CAD, but a significant correction would help with timing and could further confirm the bullish mode.

Weekly: The weekly time-frame shows that the 1.10-1.11 area is an important resistance. So if the markey breaks the 1.075 area, this may be the next resistance.

This is also an important area as it may coincide with the 200 and 50 MAs in the Weekly time-frame. We will see then if the current rally is a major correction, or whether a long-term rally is starting to take off.[Written by CMS Forex]

"P&F USDCAD1440 Box Size 225X3 or(5.37%) CLOSE
Data 1.5972 - 0.9161 ~ 92 Month ~ 2810 Day
Database 2000 records 1.0703 (Last Close)
2002-05-21 00~00
2010-01-29 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

1.5975|~225||________________________________________________|-0.02%|74.38%
1.5750|~45O||x_______________________________________________|1.39%|71.92%
1.5525|~675||x_o_____________________________________________|2.8%|69.47%
1.5300|~9OO||x_o_____________________________________________|4.21%|67.01%
1.5075|~1125|__o_____________________________________________|5.62%|64.56%
1.4850|~135O|__o_____________________________________________|7.02%|62.1%
1.4625|~1575|__o_____________________________________________|8.43%|59.64%
1.4400|~18OO|__o_____________________________________________|9.84%|57.19%
1.4175|~2O25|__o_____________________________________________|11.25%|54.73%
1.3950|~225O|__o_x___x_______________________________________|12.66%|52.28%
1.3725|~2475|__o_x_o_x_o_____________________________________|14.07%|49.82%
1.3500|~27OO|__o_x_o_x_o_____________________________________|15.48%|47.36%
1.3275|~2925|__o___o_x_o_____________________________________|16.89%|44.91%
1.3050|~315O|______o_x_o_____________________________________|18.29%|42.45%
1.2825|~3375|______o_x_o_____________x___x_______x___________|19.7%|40%
1.2600|~36OO|______o___o_x___________x_o_x_o_x___x_o_________|21.11%|37.54%
1.2375|~3825|__________o_x_o_________x_o_x_o_x_o_x_o_________|22.52%|35.08%
1.2150|~4O5O|__________o_x_o_________x_o_x_o_x_o_x_o_________|23.93%|32.63%
1.1925|~4275|__________o_x_o_________x_o_x_o_x_o___o_________|25.34%|30.17%
1.1700|~45OO|__________o___o_x_______x_o_x_o_______o_________|26.75%|27.72%
1.1475|~4725|______________o_x_o_____x_o___________o_x_______|28.16%|25.26%
1.1250|~495O|______________o_x_o_____x_____________o_x_o_____|29.56%|22.8%
1.1025|~5175|______________o_x_o_____x_____________o_x_o_____|30.97%|20.35%
1.0800|~54OO|==============o===o=====x=============o===o=x===|32.38%|17.89%
1.0575|~5625|__________________o_____x_________________o_x_o_|33.79%|15.43%
1.0350|~585O|__________________o_x___x_________________o_x_o_|35.2%|12.98%
1.0125|~6O75|==================o=x=o=x=================o===o=|36.61%|10.52%
0.9900|~63OO|__________________o_x_o_x_______________________|38.02%|8.07%
0.9675|~6525|__________________o_x_o_________________________|39.43%|5.61%
0.9450|~675O|__________________o_x___________________________|40.83%|3.15%
0.9225|~6975|__________________o_x___________________________|42.24%|0.7%
0.9000|~72OO|__________________o_____________________________|43.65%|-1.76%
Column|||||||3_113_6_6_104_8_4_126_3_146_6_5_4_3_4_9_3_6_3_3_|
Count




BJF-Trading-Group_Excel_Chart
MDunleavy
USDSEK review
=================


BJF-Trading-Group_Excel_Chart
MDunleavy
The AUDUSD failed to consistently move below 0.8810 yesterday and whipsawed to the upside, topped at 0.8919 and closed at 0.8910. The false breakdown below 0.8810 could produce a bullish momentum but we need a consistent move above 0.8910 to continue the bullish momentum targeting 0.8980 in nearest term, but the bearish scenario in long term should remains intact and only violation to the bearish channel could be seen as potential threat to the bearish scenario. Immediate support at 0.8880. Break below that area should trigger further bearish momentum back towards 0.8810 again.[Written by FX Instructor]



BJF-Trading-Group_Excel_Chart
MDunleavy
EUR/USD Weekly Outlook

EUR/USD dropped sharply to as low as 1.3585 last week and the strong break of 1.3737 cluster support further confirm our view that three wave consolidation from 1.2329 has completed at 1.5143 already. Initial bias remains on the downside this week for 61.8% retracement of 1.2329 to 1.5143 at 1.3404 first. Break will target 161.8% projection of 1.5143 to 1.4217 from 1.4578 at 1.3076 next. On the upside, above 1.3744 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited below 1.4025 resistance and bring fall resumption.
In the bigger picture, three wave rise from 1.2329 is treated as consolidation to fall from 1.6039 only and should have completed at 1.5143 already. Fall from 1.5143 is tentatively treated as resumption of the whole down trend form 1.6039 and should target a new low below 1.2329. Break of 1.4217 resistance is needed to be the first signal of medium term bottoming. Otherwise, outlook will remain bearish even in case of strong rebound.[Written by ActionForex.com]

"P&F EURUSD1440 Box Size 134X4 or(3.83%) CLOSE
Data 1.5997 - 1.1967 ~ 47 Month ~ 1425 Day
Database 1017 records 1.3628 (Last Close)
2006-03-16 00~00
2010-02-08 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

1.6080|~134||______________________________________|-0.52%|34.37%
1.5946|~268||______x_______________________________|0.32%|33.25%
1.5812|~4O2||______x_o_x___________________________|1.16%|32.13%
1.5678|~536||______x_o_x_o_________________________|1.99%|31.01%
1.5544|~67O||______x_o_x_o_________________________|2.83%|29.89%
1.5410|~8O4||______x_o_x_o_________________________|3.67%|28.77%
1.5276|~938||______x_o___o_________________________|4.51%|27.65%
1.5142|~1O72|______x_____o_________________________|5.34%|26.53%
1.5008|~12O6|______x_____o_____________________x___|6.18%|25.41%
1.4874|~134O|______x_____o_____________________x_o_|7.02%|24.29%
1.4740|~1474|__x___x_____o_x___________________x_o_|7.86%|23.17%
1.4606|~16O8|__x_o_x_____o_x_o_________________x_o_|8.7%|22.05%
1.4472|~1742|__x_o_x_____o_x_o_________________x_o_|9.53%|20.93%
1.4338|~1876|__x_o_x_____o_x_o_____x___________x_o_|10.37%|19.81%
1.4204|~2O1O|__x_o_______o_x_o_____x_o_____x___x_o_|11.21%|18.69%
1.4070|~2144|__x_________o_x_o_____x_o_____x_o_x_o_|12.05%|17.57%
1.3936|~2278|__x_________o___o_____x_o_____x_o_x_o_|12.88%|16.45%
1.3802|~2412|__x_____________o_____x_o_____x_o_x_o_|13.72%|15.33%
1.3668|~2546|__x_____________o_____x_o_____x_o___o_|14.56%|14.21%
1.3534|~268O|__x_____________o_____x_o_x___x_____o_|15.4%|13.09%
1.3400|~2814|__x_____________o_____x_o_x_o_x_______|16.23%|11.97%
1.3266|~2948|__x_____________o_____x_o_x_o_x_______|17.07%|10.85%
1.3132|~3O82|__x_____________o_____x_o_x_o_x_______|17.91%|9.74%
1.2998|~3216|__x_____________o_____x_o_x_o_x_______|18.75%|8.62%
1.2864|~335O|__x_____________o_x___x_o_x_o_________|19.58%|7.5%
1.2730|~3484|__x_____________o_x_o_x_o_x___________|20.42%|6.38%
1.2596|~3618|__x_____________o_x_o_x_o_x___________|21.26%|5.26%
1.2462|~3752|__x_____________o_x_o_x_o_____________|22.1%|4.14%
1.2328|~3886|__x_____________o___o_________________|22.94%|3.02%
1.2194|~4O2O|o_x___________________________________|23.77%|1.9%
1.2060|~4154|o_x___________________________________|24.61%|0.78%
1.1926|~4288|o_____________________________________|25.45%|-0.34%
Column|||||||3_214135_4_146_184_4_15148_5_104_1011_|100%|-100%
Count




BJF-Trading-Group_Excel_Chart
MDunleavy
EUR/CHF Weekly Outlook
EUR/CHF dropped further to as low as 1.4557 last week and met mentioned 1.4577 key support level. However, the cross the rebounded strongly on SNB intervention and before settling at 1.4667. Initial bias remains neutral this week and we'd expect some more sideway consolidations in near term. The range of the consolidation is not defined yet and another rise to above 1.4820 cannot be ruled out. But we'd expect strong resistance ahead of 1.5 psychological level to limit any rebound attempt.
In the bigger picture, with EUR/CHF still staying well below 55 weeks EMA, fall from 1.5880 is likely still in progress. The test of 1.4577 key support is already done but near term downside should be limited on risk of further intervention from SNB. We'd expect some choppy sideway consolidations below 1.5 psychological level first before down trend finally resume for a test of 1.4315 low. Sustained trading above 1.5 psychological level is needed to invalidate this bearish view.
In the long term picture, the corrective three wave structure of the rise from 1.4391 to 1.6827 is arguing that fall from 1.6827 is resumption of long term down trend from 1.8234. EUR/CHF's failure to take out 55 weeks EMA suggests that whole fall from 1.6827 is still in progress. Sustained break of 1.4577 support will affirm this case and bring another low below 1.4315 to resume the long term down trend.[Written by ActionForex.com]

"P&F EURCHF1440 Box Size 80X4 or(2.05%) CLOSE
Data 1.6796 - 1.4418 ~ 92 Month ~ 2809 Day
Database 2000 records 1.4661 (Last Close)
2002-06-03 00~00
2010-02-10 00~00
(GMT+01:00) Paris
BJF Trading Group chart"

1.6800|~8O|||________________________________________|-0.02%|16.52%
1.6720|~16O||________________X_______________________|0.45%|15.97%
1.6640|~24O||______________X_XoX_____________________|0.93%|15.41%
1.6560|~32O||______________XoXoXo____________________|1.41%|14.86%
1.6480|~4OO||______________XoXoXo____________________|1.88%|14.3%
1.6400|~48O||______________XoXoXo____________________|2.36%|13.75%
1.6320|~56O||______________XoXoXoX_X_________________|2.83%|13.19%
1.6240|~64O||____________X_Xo_o_oXoXo________________|3.31%|12.64%
1.6160|~72O||____________XoX____oXoXo________________|3.79%|12.08%
1.6080|~8OO||____________XoX____oXoXo________________|4.26%|11.53%
1.6000|~88O||____________XoX____oXo_o________________|4.74%|10.97%
1.5920|~96O||____________Xo_____oX__o________________|5.22%|10.42%
1.5840|~1O4O|____________X______oX__o____X___________|5.69%|9.86%
1.5760|~112O|____X_____X_X______oX__o____Xo__________|6.17%|9.31%
1.5680|~12OO|__X_Xo____XoX______oX__o____Xo__________|6.64%|8.75%
1.5600|~128O|__XoXo__X_XoX______oX__o____Xo__________|7.12%|8.2%
1.5520|~136O|__XoXoX_XoXoX______oX__o____Xo__________|7.6%|7.64%
1.5440|~144O|__XoXoXoXoXo_______o___o__X_Xo__________|8.07%|7.09%
1.5360|~152O|__Xo_oXoXoX____________o__XoXo______X___|8.55%|6.53%
1.5280|~16OO|__X__oXoXo_____________o__XoXo______XoX_|9.03%|5.98%
1.5200|~168O|__X__oXoX______________o__XoXo______XoXo|9.5%|5.42%
1.5120|~176O|__X__oXoX______________o__Xo_oX_X_X_XoXo|9.98%|4.87%
1.5040|~184O|__X__o_o_______________oX_X__oXoXoXoXoXo|10.45%|4.31%
1.4960|~192O|__X____________________oXoX__oXoXoXoXo_o|10.93%|3.76%
1.4880|~2OOO|__X____________________oXoX__oXoXoXoX__o|11.41%|3.2%
1.4800|~2O8O|__X____________________oXoX__oXoXo_oX__o|11.88%|2.65%
1.4720|~216O|X_X____________________oXo___o_oX__oX__o|12.36%|2.09%
1.4640|~224O|_oX____________________oX______o___oX__o|12.84%|1.54%
1.4560|~232O|_oX____________________oX__________o____|13.31%|0.98%
1.4480|~24OO|_oX____________________oX_______________|13.79%|0.43%
1.4400|~248O|_o_____________________o________________|14.27%|-0.12%
Column|~256O|1414596674641495665114428494915664471548|
Count||||||||__6_________O______51__4_____4______O___|






BJF-Trading-Group_Excel_Chart
MDunleavy
GBP/JPY

The GBP/JPY pair succeeded in achieving the expected bearishness yesterday, seen on the secondary four-hour chart. We still believe that additional downside movements could be witnessed over intraday basis, supported by the previous explained Elliott scenario. A break of 139.90 will confirm and accelerate the suggested negative scenario.
The trading range for the week is among key support at 135.50 and key resistance at 144.15.
The general trend is to the downside as far as 167.40 remains intact with target at 116.00.
Support: 140.00, 139.25, 138.60, 137.90, 137.25
Resistance: 141.00, 141.50, 142.25, 142.75, 143.45
Recommendation Based on the charts and explanations above our opinion is, selling the pair with a breakout below 139.90 targeting 137.60 and stop loss above 141.60 might be appropriate.[Written by ecPulse.com]

"P&F GBPJPY1440 Box Size 425X3 or(6.89%) CLOSE
Data 251.09 - 118.81 ~ 92 Month ~ 2809 Day
Database 2000 records 140.061 (Last Close)
2002-06-04 00~00
2010-02-11
00~00 (GMT+01:00) Paris
BJF Trading Group chart"

250.75|~425||____________________________________________________|0.14%|111.05%
246.50|~85O||____________________________x_______________________|1.83%|107.47%
242.25|~1275|____________________________x_o_____________________|3.52%|103.9%
238.00|~17OO|________________________x___x_o_x___________________|5.21%|100.32%
233.75|~2125|________________________x_o_x_o_x_o_________________|6.91%|96.74%
229.50|~255O|________________________x_o_x_o_x_o_________________|8.6%|93.17%
225.25|~2975|________________________x_o_x_o___o_________________|10.29%|89.59%
221.00|~34OO|________________________x_o_______o_________________|11.98%|86.01%
216.75|~3825|________________________x_________o_________________|13.68%|82.43%
212.50|~425O|____________________x___x_________o_x_______________|15.37%|78.86%
208.25|~4675|____________________x_o_x_________o_x_o_____________|17.06%|75.28%
204.00|~51OO|________x___x___x___x_o_x_________o_x_o_____________|18.75%|71.7%
199.75|~5525|________x_o_x_o_x_o_x_o___________o_x_o_____________|20.45%|68.13%
195.50|~595O|x___x___x_o_x_o_x_o_x_____________o_x_o_____________|22.14%|64.55%
191.25|~6375|x_o_x_o_x_o___o_x_o_______________o___o_____________|23.83%|60.97%
187.00|~68OO|x_o_x_o_x_____o_______________________o_____________|25.52%|57.39%
182.75|~7225|x_o___o_x_____________________________o_____________|27.22%|53.82%
178.50|~765O|______o_______________________________o_____________|28.91%|50.24%
174.25|~8O75|______________________________________o_____________|30.6%|46.66%
170.00|~85OO|______________________________________o_____________|32.3%|43.09%
165.75|~8925|______________________________________o_____________|33.99%|39.51%
161.50|~935O|______________________________________o_____x___x___|35.68%|35.93%
157.25|~9775|======================================o=x===x=o=x=o=|37.37%|32.35%
153.00|~1O2O|______________________________________o_x_o_x_o_x_o_|39.07%|28.78%
148.75|~1O62|______________________________________o_x_o_x_o___o_|40.76%|25.2%
144.50|~11O5|______________________________________o___o_x_____o_|42.45%|21.62%
140.25|~1147|__________________________________________o_x_____o_|44.14%|18.05%
136.00|~119O|==========================================o=x=====o=|45.84%|14.47%
131.75|~1232|__________________________________________o_x_______|47.53%|10.89%
127.50|~1275|__________________________________________o_x_______|49.22%|7.31%
123.25|~1317|__________________________________________o_x_______|50.91%|3.74%
119.00|~136O|__________________________________________o_________|52.61%|0.16%
114.75|~14O2|____________________________________________________|54.3%|-3.42%
Column|~1445|4_3_3_4_6_3_3_4_4_3_5_3_9_4_6_5_3_115_163_9_103_3_6_|
Count




BJF-Trading-Group_Excel_Chart

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