Weekend Analysis – 11.30.2013

By November 30, 2013Analysis

Happy Thanksgiving to everyone where ever you may be living. It’s wonderful thing to feel grateful for all the blessings that fall upon us in this world.

We have our weekend charts.

AUDUSD D1 Chart

The Aussie has been showing continued weakness over the last week and a half.  It’s not looking like too much is changing for it. The follow up candle to the pin bar was weak with a lower high and a lower low. I look for it to go lower.

audusd-d1-11292013

EURUSD D1 Chart

The Euro is finding some resistance at 1.3600 round number and 61.8% fib retrace level. It’s been running pretty strong as of late and even though it shows a bearish candle, it had higher highs and higher lows. Possibility of a pullback is there, but look for an entry long at the pullback.

eurusd-d1-11292013

GBPJPY D1 Chart

What can anyone say about Geppy? It’s strong as a bull as long as it’s the darling of the carry trade once again. This has shades of 2005-2006. I don’t see anything that will stop except some small pullbacks for profit taking or adding to a position or intervention.
gbpjpy-d1-11292013

GBPUSD D1 Chart

Cable has busted through a long term weekly descending trendline. This looks like it;s heading further north with possible mean reversion pullbacks along the way.
gbpusd-d1-11292013

GOLD D1 Chart

Gold bugs have been having it tough as of late. We have a pullback in play now, but the pin bar for further short action hasn’t quite failed yet.  We’ll see if this is a small short squeeze in the next few days or if it’s a chance to load up on some Gold shorts.
gold-d1-11292013

USDCHF D1 Chart

It looks like the USD has a chance to make a small bull run on the swissy. We’ll play this one by ear as I think it could go either way.
usdchf-d1-11292013

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