Monday, December 23, 2013
131223 XAUUSD
XAUUSD on the daily must overtake breakdown point 1211.66 in order to become short term bullish. Bounce off the most recent support at 1187 (1181 region) still preventing it from breaking down. Below 1181, 1100 is support.
Price is still below the 50% retracement of the daily candle and 61.8% is resistance at 1211.66. Still bearish looking.
If long, long against 1811 for top of channel at 1281.
Friday, December 20, 2013
EURUSD 131220
EURUSD H4 nearing support and possible bounce to 50% retracement at 1.3710 to short for lower. Also previous support of double top neckline.
Wednesday, December 18, 2013
131219 usdsgd
USDSGD DAILY shows an inverted head and shoulders that has broken out the neckline. Resistance is now at 1.2645. Near term support at 1.2575 targeting 1.2800 for completion of pattern + previous top. Further extension to 1.2920 - 1.2950 on a broader longer term channel possible.
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