Monday, April 29, 2013

Currencies


As mentioned earlier, a few seemed to be hung up, here's what I see as of now...

Single Currency Futures...
 Euro 1 min is starting to go negative enough that I think it may move, this was hung up earlier.

 The 5 min Euro chart is leading negative big time, this looks like at least a decent quick move to the downside, this is market negative.

 The $AUD 1 min intraday is in line with the trend...

The 5 min looks like the $AUD will pullback (market negative and fits with a short term pullback and then the market finishing this leg up).

The 15 min $AUD chart seems to confirm the above, short term market/$AUD pullback and then finish this leg higher.

The $USDX 1 min has a nice patch of accumulation, but neear term it's been huing up on an intraday negative divergence.
The 15 min chart is very positive, I expect this will have to do with once the leg up is finished. The 5 min in between has no solid signal.

Pairs...
 EUR/USD 1 min/intraday is starting to go negative here, I'm not really sold on it yet and it may have to do with $USD short term signals not quite being there yet.

 EUR/JPY is starting to go negative here, the Yen has very positive 3C divergences.

USD/JPY 1 min starting to go negative, it wasn't last night, again I think this has more to do with the Yen  than the $USD.

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