SMRT 130929

SMRT downward spiral to 1.19, 1.32 low risk short.

GBPUSD 130929

 GBPUSD daily nearing channel resistance. Strong close into EoD could trigger run to 1.6200.

Strong weekly close, just into oversold territory. Monthly/ weekly channel resistance overhead. 1.6200 - 1.6260.
Monday is End of Month.

EURUSD 130929

EURUSD daily bearish wicks into resistance.

On H4, an inverted hammer into resistance. Small bear candle. Not very bearish yet.

On the weekly, a hammer formation near the resistance. Broken channel resistance makes it bullish. Possible for a retest of support at 1.3420. Low risk short with SL above the highs.

EURGBP 130929

EURGBP H4 0.8350 still support. Failure of hammer on H4 very bearish.

Monthly unclosed candle looks bearish, with false breakout of channel + channel resistance+ TL break.

Weekly candle close is bearish. If support at 0.8350 holds, could retest TL break. Below support, continuation of channel on monthly.

STI ETF 130929

STI ETF is within a downward sloping channel minor support at 3.19 - 3.18 gap. low risk short at 3.28 if retested. below gap look towards 3.00 and below.

SGX 130929

SGX forming a large triangle with a gap formation at 7.43 to 7.54 range trading within the triangle until breakout, still a long way to go before the apex. Support is at 7.2

Capitaland 130929

Capitaland broke the TL resistance and now respecting a channel with 3.25 resistance, possible long at 3.00 followed by channel support at 2.90 for range trading.

AUDNZD adam and eve bottom?130928

AUDNZD daily retest of lows to form an adam and eve bottom? low risk long here.

On the monthly, could be a flag extension, but support at 1.1190 still holding with a hammer and inverted hammer formation above it. Next week must give a bullish close above the previous candle to make it a possible reversal.

XAUUSD and XAGUSD 130928

XAUUSD still under the weekly TL and rejected the 38.2 retracement of recent downmove. 100% flag extension leads to 805.

XAG rejected at 38.2 retracement of recent down move. 100% flag extension at 8.50

audusd 130928

AUDUSD dropped to target of 0.9320 from 0.9456, where I was knocked out with short at 0.9430 SL 0.9450.

AUDUSD has now dropped to support at 0.9320 and holding, 38.2 retracement of recent upmove is 0.9280.
Price is now trapped in a range between 0.9505 and 0.9280. above 0.9505 opens target to 0.9910 as flag extension.
Below 0.9280 targets bottom at 0.8860.

AUDNZD 130926

AUDNZD channel resistance held, double bottom formation is still in the works. However, a possible inverted head and shoulders is starting to form now. 1.1330 is good place to try for a long.
I am long at 1.1330 SL below the low

EURAUD 130926

 EURAUD still capped by 1.4460. Double top still in play. If break resistance, it is a false breakout with high probability to large upside breakout.

If interested in a long on the H4 1.4330 is support for a long, otherwise short at 1.4460 for a range or continuation of head and shoulders formation.

Far East Hospitality Trust 130925

Capped by $1. + 38.2 retracement.

Ascott Reit 130925

AscottReit capped by 1.28, previous minor support + TL resistance+ 50% retracement

Ascendas Reit 130925

Ascendas Reit in a range.

usdsgd 130924

USDSGD H4, in a down channel, resistance 1.2580 - 1.2590. 38.2 retrace of recent down move. Also neckline of double top formation. low risk to short with 20 pip SL.
TP 1.2365. R:R = 1:10

EURJPY 130924

EURJPY a very strong pair. Now retesting support but if broken on the weekly is a really big water fall.

EURNZD, EURAUD 130924

EURAUD looks to be testing the TL resistance, in a range.

EURNZD extension to 123.6 previous upmove to bust out of the channel, now a retest of TL resistance?
This pair took a sizable bite out of me at previous support 1.6450 where I was long, staying out for now till my emotions recover. My SL was 200 pips, took it off when it broke and held below the TL but it still hurts.
Resistance is now 1.6410.

USDCAD 130924

USDCAD looks to be ranging between 1.0300 and 1.0275.

Retest of daily TL support is 1.0200 is very welcome for a long.

AUDUSD update, NZDUSD, AUDNZD 130924

H4 AUDUSD tripped stops above 0.9450 with highs at 0.9456. Knocked out by 6 pips. Support is still 0.9375, which is also the 23.8 retracement of the upmove. (unclosed candle)

Daily NZDUSD weakened and broken support to form an almost tower. Looking more and more like a POS now. Upside is capped at 78.6 retracement of recent down move at 0.8435. Currently supported by 23.8 retracement of up move.

AUDNZD survived the near risk of break down with support at 1.1198. Channel resistance at 1.1370, if broken will look to test recent highs 1.1660 for a possible double bottom formation. Potential for lots of upside if broken.

XAUUSD big bull, may become big BS if lows are taken

XAUUSD has reversed on the retest of flag resistance. if 1.292 taken out will form a lower low and lower high and continued down side target recent low of 1180.77

AUDUSD, NZDUSD and AUDNZD 130923

AUDNZD looking very bearish on the weekly with a possible flag formation.

With a long bearish wick forming near the lows. (unclosed candle) if break and hold below on close, high probability of it going much further. Otherwise, could be a fake out move and double bottom formation. 

 AUDUSD looking bullish on retest of 0.9375 support and holding. Targets 0.9710. Weekly 38.2 retracement is capping on the previous down move.

On H4, AUDUSD is testing TL, have entry to short at 0.9330 with 0.9350 SL for target 0.9320 = 90 pips, R:R= 1:4. 0.9320 is the gap.

Last weekly candle on AUDUSD has long bearish wick, bullish close. Almost an inverted hammer.

NZDUSD daily stopped by 78.6 retracement. Daily pennant formation + still above TL has potential for more upside to test 0.9610 TL resistance from previous upmove. Very overbought on weekly.

If AUDNZD proves to be bearish, AUD will perform worst off than NZD.

EURGBP outlook 130920

Eurgbp range now on daily, 0.8515 if h&s formation and retest of broken weekly TL.

Weekly channel still in play.

EURGBP support at 0.8405 - 0.8400 is very important.

XAUUSD outlook 130919

XAUUSD last weeks big bear has broken channel. Engulfing candle forming, all candles not closed.

H1 is tracking the broken TL.

Same thing for H4.

 Engulfing trying to form on the weekly. Could be formation of a piercing pattern soon.

On daily, a star forming, if close above the range, bullish, below $1359.30 opens door to $1339. Still looks short term bearish below $1380, if break and hold into the channel, possible bullish move higher.

AUDUSD outlook 130919

AUDUSD daily is a break of double bottom.

 AUDUSD 4h has retest and kept above a gap up. Very significant. 0.9375 is minor support. 0.9710 target of double bottom.