EUR N USD :::

Main thing to watch next week esp Mon-Tues is the USD... While most are expecting lower euro, I think USD is the main think to watch here... While USD has yet to complete it's move for it needs to hit tgts around to 96 lvl to complete it's soft tgt, main tgt comes to around 94.30-45 depending how soon or late it is coming, if coming..
While USD stays initially under to 9833-35 till around hf way into EU session if it's not been dropping and makes a run higher but fail to take out 9850-55, it would be a rejection and we can see next big leg down to 96 lvl..
9850 is imp for it is now the resis which was the supp of the previous bear channel it was holding on to...
On the other hand, euro is to an extend on the mercy of news coming out of Europe and with Spain / Italy doing the rounds seems to have gone on a defensive mode..

EURO imp lvl is 2790-2805 as the must hold supp.. 2960ish is expected immediate supp and while 3020ish is initial resis a clean break higher exposes 3077-83 and that is the main resis going forward and increasing every 4 hrs...
Most likely we to range from 2960-3020-24 and depending which side USD breaks out euro would head to the opposite direction...
Since 9850 holds out euro under to 2960ish should slip to around 2903-10 providing perhaps the best entry spot to play longs...
Ultimate supp for this week pretty much lies b.w 2785-2800....
Wild Card lvl is 2833 for today and increasing roughly 5 pips a day hence 2837-50 for this week prior to 2800-08 test..
Monday could play dumb and dead for if USD can head higher to 9835 it would take time for it muster a move higher to 9850-55 hence most likely a consolidation perhaps till the NA starts off...

GL...

Tags: /, Pattern, Play, Plays, Resis, Supp, TL, Technicals

3 members like this

Comment by Tahir Khan on October 17, 2012 at 10:51am: EUR / SPX ::: INV HNS CLAUSES ............

A possible inv HNS break as well.. It's perfect tgt would or should be around to 1.37 handle.. Though we know never a st line.. However for this week 3190ish is weekly resis. This descending TL comes to 3168 for next week and a close higher points to a bullish rally on weekly on a breakout..
For me going forward 3135-38 breaks points to 3190ish..
haven't done anything on other time frames but should be bullish stance higher to 3140 ..

8 hrs SPX points to inv HNS.. IF breaks AUD can break higher to it's 10348-55 listed resis..
SPX weekly tgt comes to around 1482-84..

GL..

Comment by Tahir Khan on October 17, 2012 at 3:48pm: Some blow outs elsewhere N GOOD OL' USD

GU had a picture perfect scenario and has been a complete waste of good charting since never looked into it.. 6190 blows the top for a 63++ move..
AUD coming out of a diamond form and 10515 blows the top on it..
Pretty much euro goes and does the same if heads over to the 3140, would be looking for a 3190 or close by on it..
USD on 4 hrs testing its confirmation of a breakout lvl at 9834.. Under 9830 and if follow through can be seen expecting 9798-9800 test..

GL...

Comment by Tahir Khan on October 17, 2012 at 4:11pm: EUR ::: Same Yesterday's 8 hrs chart...........

Above 3190 increases the chance for a 3260ish play-out as well.
This is the same 8 hrs done yesterday and well 3138 is the exact number and let's see how it goes.. Either blows this resis else needs to come back testing 3008-12...

GL...

Comment by Tahir Khan on October 17, 2012 at 5:43pm: Under 3110 close on 15 mins and we can see some retrace down...
On charts EUR 15 mins than and now scenario.........

GL..

Comment by Tahir Khan on October 18, 2012 at 5:52am: EUR N USD :: LET"S KEEP IT SIMPLE TODAY

While USD under to the bear flag and could possibly retest 9870ish out since it held the 9834; I mentioned yesterday require to break to confirm the BEAR FLAG breakout..
EUR keeping it simple and finding it within a rising wedge, the top been tested yesterday and the lower end comes to 3004.. 3058-60 been the median... A break under and 2960 is the first spot..

With some news to do the round, 3060 is the point of interest...

GL..........

Comment by Tahir Khan on October 18, 2012 at 8:28am: EUR on 2 hrs HNS : 3030 tgt

A quick on EUR 2 hrs.. Need a 3080 break and a close under... else this is where it can bounce back for a 3145-47 play...

GL..

Comment by Tahir Khan on October 18, 2012 at 4:17pm: A QUICK ON USD

Exactly same as yesterday.. Mentioned 9872-74 and it held, now can it break under the 4 hrs confirm zone for a 9705-98 play..
If confirm zone breaks should show us min 3146 on EURO..
1470-71 tgt on SPX..

GL...
A QUICK ON USD

Exactly same as yesterday.. Mentioned 9872-74 and it held, now can it break under the 4 hrs confirm zone for a 9705-98 play..
If confirm zone breaks should show us min 3146 on EURO..
1470-71 tgt on SPX..

GL...

Comment by Tahir Khan on October 19, 2012 at 8:24am: A quick on EUR..

Under 3025-30 it can slip down to 2950ish.. 3028-31 is expected supp......

The GU was done yesterday but 6018-23 supp and a break under 6010 signals a move down to 5930ish..

GL...

Comment by Tahir Khan on October 19, 2012 at 11:36am: Actually I think 2998 is what it can print and most likely it is going under 3030 soon.. It just needs to hold 3060 now ...
2998 and I end up buying there.........
USD on the other hand on 2 hrs at resis but a break points to 9912-14 also same on USD 4 hrs .. hence 9912-14 on USD should coincide with 2998 on EURO ..

GL...

Comment by Tahir Khan on October 21, 2012 at 6:40pm: EURO Made Easy

Going forward, 2990 pretty much pops up been an imp lvl. While 4 hrs supp starts off rt where the price ended on Friday, nevertheless 2990 is taken as the imp breakout supp and a median within an 8 hrs channel of 2770-3290 lvls..
Supp under 2990 kicks off from 2957 followed by 2923.. To the upper side, we have 3065 followed by 3102-05 and then a challenge to 3160-70...
Coming back to the 8 hrs and the first chart indicates a breakout and the range. Roughly a little over 500 pips, and this 2990 holds means we to test the max on it closer to 3300 sometime in next 1-2 weeks, though would prefer this week only..
Anyways, just sharing in my thoughts and views.....

GL...